Posts Tagged overstocked items
Where and how to find liquidation pet supplies
Posted by johnb in Liquidations, Wholesale on November 9th, 2009
No matter how good or bad the economy is, the business of pet supplies always sells very well. People love their pets, and even during rough times, they will spend money to make sure their pets have everything they need to be happy and healthy.
Whether you have a real-world store or whether you sell via catalogues or over the Internet, this gives you the chance to source great products to sell to your customers, so your business can boom even during tough economic times. One of the surest ways to do this is to source liquidation pet supplies and then sell them for a profit. The terrific thing about liquidation pet supplies is that you can buy them at for less money than you’d spend in the traditional wholesale way, which means there will be more profit for you.
Many people ask, “What are liquidation pet supplies?”, and the fact is that liquidation pet supplies occur in numerous ways, so that the products you may be buying could be very different. Let’s take a look at some of the more common liquidation pet supplies that you may want to purchase.
Of course, one of the most traditional forms of liquidation pet supplies occurs when a pet business is liquidated. Maybe there was too much competition; maybe they were in a bad location; whatever the reason, there wasn’t enough business, so they closed up shop and all of their inventory was sold as liquidation pet supplies. Naturally, the wholesale liquidator that purchase said inventory will do so at the cheapest possible price, since they will be sold off as quickly as possible to pay off some of the business’s outstanding debt.
Another form of liquidation pet supplies is overstocks. This occurs when a big business ended up buying more of one particular item than one location could possibly sell. Especially with large department stores, it is standard business to have contracts with a wholesle supplier, who will take overstocked items off their hands and sell them on at a lower price. Since overstocked items have usually never seen the inside of a shop, they will often be shipped straight from the factory or warehouse in the box they were originally shipped in. On the other hand, closeouts are products which HAVE been displayed as merchandise and not sold. This often happens; perhaps there was insufficient demand for that product, or there were specials occurring that made selling that product hard. In the case of pet products, closeouts would also be converted into liquidation pet supplies.
You would do well to remember that liquidations pet supplies are usually of top-notch quality; since they are unused products that, for whatever reason, have just not sold. Because you will be selling these same products in a different location than the business that wasn’t able to do so, AND at a lower price, you may find that selling these liquidation pet supplies is a lot easier than you thought. And when you consider that with the Internet, you have the ability to sell your product anywhere in the world, you can see why liquidation pet supplies is a great business to be in.
Seasonal Wholesale Merchandise
Posted by Scott in Closeouts, Wholesale, Wholesale Sources on July 20th, 2009
Each year shoppers are able to talk themselves into spending more on holiday items than they did the year before. It is expected that on Valentine’s Day %17 billion dollars will exchange hands. When the holiday is over, lots of retailers will still have excessive amounts of holiday items left over (National Retail Federation). Many small retailers simply don’t have the space to store goods from previous years, which is where wholesalers come in.
Wholesale distributors will buy the overstocked items for themselves as a means of capitalizing on high holiday revenues. It is possible to make a substantial amount of money by offering overstocked holiday items in bulk to small businesses, as well as the larger retail conglomerates. To store items for the following year, you must have adequate storage space and verify whether or not everything to be stored is non-perishable. There will be some items that store better and are more useful than others. When storing wholesale items, try to keep the items in the original packaging and avoid all items displaying a date or year.
A good idea for purchasing items from wholesale distributors is seeking those distributors that have ongoing purchase arrangements for overstocked seasonal merchandise with retailers. It may appear the deals aren’t that great, but if you factor in the elimination of storage fees, it often turns out better than expected. Another perk to be considered is the freedom from product loss due to lengthy storage.
Be sure to remember some seasonal and holiday items can be used more than one time a year. Items made for the summer months can still be used in areas that have year-round warm weather. There are some pieces of holiday decor which can also be used for other festivities. Take for instance that Halloween costumes and decorations could be used for special events and Easter decorations can be used for any function during springtime. Use fliers and other types of advertising to inform customers that you carry specialty items. Suggest to your clients that they use New Year’s decor for their quarterly sales parties, instead of buying new expensive decor from the current season. You never know when someone’s going to need a whole batch of Christmas ornaments for their “Christmas in July” fundraiser! The key to turning wholesale seasonal stock into a great investment is to encourage all customers to be creative.
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