How To Make Product Liquidation Work For You – Sourcing Liquidated Products
Liquidation a very scary word for most online sellers. But the reason we get nervous is simply that we really don’t understand what liquidation is. One man who is extremely familiar with the process is Bob Nelson, president of retail consulting firm Power Retailing (http://www.retailing.com). Nelson explains, “Liquidation is simply getting rid of and converting inventory and other assets into cash.” It’s a practice that allows manufacturers and retailers to maximize the value of their assets.
Whos Liquidating and Why?
There are many reasons companies choose to liquidate order cancellations, bankruptcies. Maybe their business is expanding and needs cash. Oftentimes, companies that are relocating will liquidate supplies, equipment, even inventory. Its actually more financially advisable for them to just walk away than to put the time, effort, and money into moving them. Its a good idea to know why the items youre looking at are being liquidated there may be a perfectly valid reason, but you dont want to get stuck with goods you cant move...
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