If you’ve been looking for more opportunities that will help you grow your business that has to do with buying and selling, finding liquidation suppliers will be extremely important. Whether you are reselling items in dollar stores, online auctions, swap meets, or flea markets, looking for inexpensive products that you can buy and resell for pennies on the dollar will be your ultimate task. In order to do this properly, you’ll need to know a little bit more about liquidation suppliers, and what they can and cannot provide for your business.
What Are Liquidation Suppliers?
Liquidation suppliers buy products from manufacturers or retail facilities, and resell those products for profit. Liquidation suppliers buy hundreds of thousands of dollars worth of products, break them down, and resell these products in smaller lots to wholesale buyers like you. It’s important to note that wholesale liquidation suppliers will not always take possession of the actual product before it’s shipped to you; this situation describes a brokered transaction. So, when these products are described, they may not meet expectations because the liquidator does not have possession of the goods. It’s hard to accurately describe something you do not own.
Some liquidators (brokers especially) will sell you products, take your money, and have issues with delivery. So, with this in mind, it’s important for you to know exactly what you’re getting into when it comes to dealing with liquidation suppliers. Make sure to do your homework when it comes to purchasing from a new liquidation supplier. Questions you might ask a new liquidation supplier, (1) do you own the merchandise you are offering? (2) do you have a warehouse where goods can be inspected? (3) can you offer references from current clients?
How To Work With Liquidation Suppliers
In order to work with these types of suppliers properly, you will need to learn how to avoid the wrong types. Yes, avoid the wrong types. You will discover information provided within The Liquidators Guide that will show you exactly how to do that. The key in profitability, when it comes to buying and selling, will be to go directly to the source. This cannot be reiterated enough. There are hundreds if not thousands of suppliers all across the country that can provide you with first-hand liquidation merchandise. If of course, you know where to look.
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