Have you ever wondered how you can buy wholesale lots,
closeouts or liquidations?
Have you wondered how can you find them, how much to pay
for them and where you can sell them?
It is easy to find closeouts, and sometimes easy to sell
them depending on what you consider easy!! You have to
like what you do, otherwise it will become hard. I've
bought and sold wholesale lots, closeouts and liquidations
for several years now. I will share with you the good and
the bad about this type of business.
So where can you get wholesale lots? Simple, you get it
from 3 main categories of suppliers, retail stores,
distributors and manufacturers. There are also wholesale
lot, closeout and liquidator consolidators that have
inventory on hand to sell you. These are easy to find
online but remember they are a middle man. They are buying
from the manufacturer, retail store and distributor and
reselling it to you by the lot or pallet.
If you want to get the real deal you have to put some
effort. You will have to call the 3 categories of
suppliers and start getting the name and number of the
person in charge of close-outs. Yes, I know I'm not giving
you the easy way out. The easiest thing would be to visit
a "consolidator reseller" and buy from them but if you buy
from a reseller you are leaving too much money on the
table. Believe me, I've visited their warehouses in Los
Angeles and other cities, the inventory they have is not
that inexpensive.
Let's recap: In order to get Wholesale Lots, Liquidations
and Closeouts you need to call, call and call some more!
The easiest to find are the manufacturers and the retail
stores. Retail stores typically sell you by the truckload
and pallet depending on what you are looking for.
Electronics for example, are sold by the pallet.
Start calling your local retail stores. Call the chained
retailers, not small regional players. Call the big guys
and ask for their distribution center phone numbers. Once
you call start asking who sells their liquidations. They
will tell you will pleasure. Remember they are in the
business of selling and they need people to buy. It's not
a secret, they need you!!
Now you know how to start getting wholesale lots, closeouts
and liquidations. Now you just need to learn the good and
the bad about this type of business. You see, there is a
reason why this product is on discount. Many times it's a
good excuse like "it's discontinued" or "we just have too
much inventory and we need to sell it at cost". These are
great ways to buy but the reality is that many of the
merchandise can be damage, old, or slow selling.
Believe me, I've sold excess inventory many times. For the
most part my merchandise was good buying the packages where
damaged or completely destroyed. This is because they
where store returns. When you buy make sure you know
exactly what you are getting. Ask for photos, description,
how the merchandise is shipped and all the pertinent
information you can think off.
One more thing, make sure you know exactly how you will
sell your products before you buy them. What do I mean?
Well, don't just buy products to buy, or to have in
inventory. If you already have a business and know exactly
what you are looking for and how to sell it that's fine.
If you don't have a business and are starting one make sure
you have a sales and marketing plan before you start. You
don't want a garage full of stuff you can't sell.
So it does not matter what you are selling, make sure you
have a sales plan. This can include distribution to small
convenience stores, exporting to other countries, selling
to distributors or swat-meets, selling on eBay or online or
any other type of business.
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Learn more about Wholesale Lots, Liquidations and Closeouts
by visiting the Wholesale Business Portal at
http://www.Wholesale-Distribution-Business.com
Also visit
our learning center to learn more about Wholesale Suppliers
at http://www.WholesaleTeacher.com
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