Product offer emails and ad banners advertising products at incredibly low prices are common enough in today’s online world. Just about everything from vacuum cleaners, consumer electronics and apparel can be found selling at deep discounts at myriad places online. So you might be wondering how online reltailers are able to sell their products at such discounted prices?
It turns out, the Internet is also a good place for retailers to find bargains in bulk on the items they sell retail to consumers. Retailers looking to buy quality products, in bulk, for resale can buy from online auction marketplaces,who source goods in bulk from manufacturers and retailers.
Items sold at online auction houses are generally sourced in the following ways:
Customer Returns: Did you know that almost one fourth of goods sold in stores across the US are returned? Once an item is returned to the store, it cannot be resold as new again. Such items are sold to auction houses like liquidation.com, which will buy them in bulk and then sell them to buyers, who get them at great bargain prices.
Excess Inventory: Ever bought something you didn't need? This happens with retailers all the time! This excess inventory finds its way to auction houses that sell these items for throwaway prices.
Out of season merchandise: Who wants to stock sleds in summer? To make place for in-season stock, retailers generally get rid of out-of-season merchandise by selling them in bulk to online auction marketplaces. The next time you want to stock on the best winter clothes at the cheapest prices, the best time to buy them from would be in summer at an online auction store.
Retired Model:When a new model of a camera or MP3 player comes into the market, the old model usually will have very few takers. Unsold or retired merchandise are usually bought by auction houses that put them up for auction to retailers who wish to purchase them in bulk.
Refurbished Merchandise: You purchased something and it doesn’t work. What happens next? Typically, it goes back to the manufacturer and they often fix it. However, they can’t sell it as new. The item, now fully functional is sold by the manufacturer to auction houses, which sell them to bulk buyers at great prices.
Business Closed or Scaled Back: You hear of stores shutting down, all the time; even more so in this tough economy. Where does their inventory go? What about their fixtures? Enter online auction houses. They buy the inventory at reduced rates from these businesses and pass on the great prices to their online customers.
If you are a small business owner or a retailer looking for items to purchase in bulk to realize profits by reselling them, explore the option of buying your stock from a reliable online auction marketplace, to get great buys.