How many of you have ever taken a trip up the aisles of your local dollar store and wondered how they can sell all the stuff so cheap? The answer is that they purchase wholesale general merchandise at ridiculously low rates, which they can then turn around and sell for equally ridiculously low prices while still turning a profit. The process of buying this merchandise is not just limited to discount stores, and the general public can even get in on the action now, with a few different ways to make the savings work in their favor.
Many wholesale, liquidation style websites have sprung up on the internet, and it occurred to me that they presented the average Joe with a real chance to not only save money, but to be able to turn around and make some. I looked at one site, whose name shall remain nameless, in particular, and was struck by the number of money making options that buying wholesale general merchandise presented. Many of the items on offer were brand name products at drastically reduced prices, many of which could be turned around and re-sold on auction sites like Ebay for a tidy profit.
There were also a large number of food products, especially soda and candy, and anyone who has a vending machine business, or one of those gumball style machines that need regularly filled, could rack up a huge saving when buying in bulk, which could then be turned into a sweet return on investment. The beauty of the site that I looked at was that the prices were incredibly cheap, but you also weren’t tied down to buying large lots of each, and could in fact pick up individual items at the lower price. There were a huge number of seasonal items, like winter wear and Christmas wrapping etc., all of which were much less than the low prices offered by major department stores.
Perhaps the most exciting money making opportunity that could come from buying wholesale general merchandise is opening your own store, either at street level, or in an online format. The website that I landed on actually had a great deal of info and assistance in that regard, and while starting any business in the current economy should be considered a risky venture, the fact that it would be a place that would help folks save money, actually goes a long way to swinging that decision on the side of being pretty smart.
Perhaps opening your own store using wholesale general merchandise may be a case of dreaming a little too large, being able to pick up cool gifts for the upcoming holiday season, without having to sell a major organ to so, is a smart economic decision that will keep you and your bank manager very happy.
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