It’s been a busy week and I’m glad I made it to the weekend. The last few days online searching for liquidation merchandise has proved to be fruitful. I’d like to share some links and offer a bit of commentary. I would also like to say that writing this blog to such a large audience of buyers can become difficult at times because I know everyone has their own niche when it comes to buying merchandise. Some of you are looking for customer returned electronics, while others are specifically into apparel. If you would like to have me spend time looking for your specific niche…respond below and tell me what it is you’re looking for. I’ll do my best to come up with some ideas and links to wholesale suppliers. Alright, let’s move forward:
First of all, just in case you live under a rock, the internet is a social place. Ever hear of Facebook? If you are truly in the business of buying and reselling liquidation merchandise, you really should start connecting with liquidators who have a Facebook presence. I’ll get you started with a few, but make sure you “like” their page so you can start receiving their updates.
How about a FREEBIE? Genco (a reverse logistics company) has produced a free ebook titled, “Buying in the secondary market” – take a look as it offers some good information for those of you who are just getting their feet wet within the liquidation industry.
Looking for a way to resell all of that pallet merchandise you just bought? Why not utilize eBay? Take a look at Empire Liquidators on EBay and see if you can’t learn a thing or two (ever hear that phrase?). Empire Liquidators has successfully closed over 2,000 auctions within the last 30 days by starting all auctions out 99 cents! All items are grouped together and selling in quantity for the most part. To me, it looks like every single item is a customer return – Cha Ching!
Not convinced? Here is another liquidator on eBay who has closed over 10,000 auctions within the last 30 days selling customer returns and overstock items. Are you a believer now? This could be you!
While I’m on eBay, let me show you another type of liquidation seller on eBay, and by the way…I know this gal because she lives in my city, Chico, Ca. (ever heard of Chico?). I’ve had the pleasure of picking her brain about her eBay business. She almost exclusively sells used shoes on eBay. How does this tie into the liquidation industry? Well, here is my take: she buys shoes from garage sales where people are liquidating unwanted stuff! She buys shoes for a buck or two, and maybe sometimes for as mush as $10 per pair. Not a bad way to source inventory when you review her auctions, which close on average around $25-30.00 each! Check out Blue Frog Shoes
Featured Liquidation Supplier – Who buys liquidation clothing? If it’s you and you’re looking for top of the line brands…you should check out DLM Offprice. But hey…don’t click the link and quickly leave right away! Stay for a while and read about this California company that specializes in providing job lot clothing based upon your SPECIFIC needs. Yeah, I said it…they will customize and order for you. Want all Ralph Lauren…or how about BCBG? Ask th folks at DLM and they will provide. Yes, you pay a little more, but sometimes it’s better to pay more and get what you ordered versus paying a low cost per piece and living with an assortment of low-end brands. Your decide.
In Industry News – Who out there has heard of the 99 Cent Only Stores? This is a regional chain of dollar stores that built a business retailing closeout and liquidation products. The business become a huge success, and founder Dave Gold become filthy rich in the process. Unfortunately, Dave passed away back in late April. Read More
Would you like me to rant on and on about your liquidation business?…or perhaps look for a liquidation supplier to fit your niche? I’ll do it in a blog post, but I’m not a mind reader….leave a comment or question below.
Our 2020 Liquidators Guide chronicles 12 years of wholesale product sourcing experience and includes my personal black book of direct source contacts! As an industry expert, I'll share the success I've enjoyed along with the mistakes I've made buying and reselling liquidation merchandise.
If you are thinking about buying pallets of liquidation merchandise from a liquidator, broker, or direct from department stores, you need to check out The Liquidators Guide