Thursday, 25 February 2010 04:24
How to Make Money Buying from LiquidatorsWritten by Sean
Many businesses use liquidation services to sell their surplus inventory because it costs more to retain the items in stock, than to sell in bulk after their active selling period. Liquidated products are of good quality and are usually sold at extremely low prices because the retailer or distributor wants to convert the excess inventory into quick cash.
In order to take advantage of buying from liquidators, here are important things to consider.
1. Assess Resale Value - Find out the resale value of the item that you choose to buy. Knowing this helps to assess the profit that can be made in relation to how much the liquidator is offering them for. While calculating resale value, factors such as value of the item and current market demand needs to be assessed.
2. Calculate the cost per item - The cost per items must include logistics cost and marketing costs. After calculating the cost of each item, if it is found to be less than the resale value it is worth making an investment in the product. Buying uncommon items from liquidators can provide this cost benefit.
3. Get liquidated items online - Checkout whole sale auctions sites like eBay.com or liquidation.com for updates on latest products that are auctioned and their current bidding price. Those looking for new and ready to sell clothing, branded electronics items, accessories like jewelry, watches etc., wide variety of house ware items like dining, vacuum cleaners etc., industrial products, tools and machinery etc., can find cheap and exciting discounts here. There are excellent offers in liquidation deals that can be made use by bidding appropriately.
4. Check for Reliability of Liquidators – Cross check to find out if the liquidator has a safe, reliable and organized network to supply the wholesale, surplus and salvaged assets to you.
You can become a professional buyer by sourcing commercial surplus at great prices by keeping these factors in mind.
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