The title to this article is cheesy, huh? I just got back from the ASD Market week in Las Vegas, and I must say, we’re both worn out. The trip was planned for business, but we did manage to get out a few nights for a little fun. I got in trouble because Renee wanted to buy a nice pair of walking shoes for the trip, but I failed to take her shopping prior to our week-long Vegas experience. Boy, did I hear about it at the show…she had blisters and pain all week long!
At the show we meet with tons of new suppliers, and caught up with a few friends and some new industry colleagues, such as Jeremy and Dave from Genco Marketplace. We spent about thirty minutes at the Genco Marketplace booth discussing new buyer education, along with a few new buying opportunities Genco Marketplace is about to publicly announce.
Renee & I got to touch and feel some of the merchandise Genco can provide liquidation buyers and we were ecstatic about the new Carton Lots Genco is selling! These Carton Lots give the small buyer an opportunity to purchase thousands of dollars’ worth of product in a box that would fit on a kitchen table!
Some of the most obvious benefits of small carton lot purchasing are:
Shipping cost –Carton lots are inexpensive to ship – $30.00 per carton! Retail value – we checked out a box that contained thousands of dollars’ worth of small electronics, i.e. tablets, iPods, cameras, etc. I could not believe how many items they could pack into a single box!
Small investment – small online eBay & Amazon sellers can get started with little capital outlay!
Less risk – Newcomers to the liquidation industry can rest easy because the thought of buying a pallet or truckload can be scary. Purchasing a carton lot lessons initial capital outlay and offers a great way to review the type of merchandise Genco Marketplace can provide- consistently.
I’ve been a fan of Genco Marketplace for a long time. My experience goes back to 2002 when I started buying truckloads for our own retail business. I especially like the fact that Genco Marketplace understands there is a great need to educate new liquidation buyers about purchasing and reselling secondary market goods, i.e. customer returns, MOS, and shelf pull items.
And, speaking about buyer education – I discuss the pros and cons of secondary market inventories within the pages of the Liquidators Guide. If your intention is to make a carton, pallet or truckload purchase without learning about the industry, you might as well throw your money away. If you’re excited about the prospect of buying liquidated, name brand goods, do yourself a favor, learn from my mistakes.