The Nuts And Bolts Of Liquidation: Reselling Liquidated Items Online
If you havent considered liquidation as a product source for your E-Biz, you might want to think again it can be a very profitable prospect for any online seller. When large retailers, wholesalers, and manufacturers need to convert their excess inventory into cash, they often offer it at well-below wholesale costs in an effort to recoup some of their monies. The types of products you can source in the secondary market are as varied as the suppliers disposing of them. Whatever niche market you sell in, chances are you can find some excellent deals on liquidated items that would nicely round out your standard product line.
Its important, when buying liquidated goods, to know what type of merchandise youre dealing with closeouts, surplus, refurbished, etc. Advises Tom Schmidt, president and COO of Government Liquidation, LLC, Certain types of secondary goods may require a little more effort, in the form of repairs, like salvage, or in the form of marketing, like customer returns, overstocks, or shelf pulls. But they also provide a chance to earn higher margins because youre adding value to the...
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