Question: I’m selling on eBay, and I’ve been buying merchandise from various places like garage sales, live auctions, and the clearance rack at neighborhood retail stores. Sales on eBay have been going well, but the time it takes to physically locate items is draining my motivation. I spend every Saturday and Sunday driving to and from yard sales and thrift stores looking for inventory deals. I want to start buying Wholesale liquidation merchandise, but I am not sure how to start. Any suggestions?
Answer: The best advice I can offer is to start slow, and buy smaller lots of merchandise. There’s a learning curve when it comes to wholesale liquidation merchandise, especially purchasing inventory sight unseen.
First of all, make sure to buy only those items you have knowledge about. If your into clothing, buy shelf pull apparel. If you are an avid scrap-booker, buy arts & craft liquidations. If you love the outdoors…purchase sporting good merchandise. Are you catching my drift? Secondly, your initial liquidation purchase should be small; test the waters before you invest in multiple pallets of merchandise.
Last, but not least, purchase wholesale liquidation merchandise from a trusted, reliable source. Look for a wholesaler that’s located within a few hours driving distance from your home. Making a purchase in person is a great way to get started. If a purchase cannot be made in person, buy from the closest wholesaler to you, and buy small initially! If you’re pleased with the first purchase, place a second order for a larger quantity.
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