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.
Remember to read my book on How to Start Your Wholesale Distribution Business and subscribe to my FREE newsletter by just clicking here.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!!
Supercharge your learning by reading the Wholesale Distribution Channels MBA book; find out the FREE details by clicking here.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.
Thanks Again,
Jorge Olson
Labels: closeouts, distributor, liquidations, wholesale, wholesale lots
