No matter if you’re a brand new or seasoned liquidator of surplus merchandise, one of the main items you should accomplish in order to succeed is to locate reliable retailers of top quality, ready products which can be sold either by the case or truckload, to retailers, buyers and vendors.
A lot of new liquidators of surplus items have a long time searching for liquidation-ready products by contacting liquidators, conducting Google searches for products that are in surplus, and visiting websites operated by liquidators to look at what they can offer for sale. The goal is that they’ll find inventory that customers would like to purchase on a retail as well as wholesale scale.
The Issue with this Method
The issue with this method can be that when the liquidator takes items to their warehouse and adds it on a spreadsheet that is sent out to a network of liquidators, they’ve already sold it to make their profit. This pricing strategy implies that the profits are already taken.
The bottom conclusion… THIS IS A PERFECT USE of time
To be a successful liquidator, you need to be the first to be able to access that product. You have to be able to get it at the most affordable price, with no middleman.
One of the best methods to achieve this is to purchase surplus items from the manufacturer.
The reason why manufacturers are the Best Source for Surplus Merchandise
If a company is making items that will sell on a wholesale basis, there’s an opportunity that they’ll have their warehouse full of surplus at times.
Go through any store, and take a examine all the categories that you can notice.
Here are some examples:
Pots of flowers Pots
The list is not ending…If it is offered in a shop, then it’s likely to be some excess of the product or of that kind at some time.
What causes merchandise to become surplus and is a Liquidator’s Choice
Every manufacturer is subject to fluctuations in the world of commerce. Style changes, changes of seasons, packaging update, a change on the product, the addition or modification of ingredients.
If that occurs and it will I swear the manufacturer will have to remove the product from his storage facility. It’s no longer valuable to the normal distribution chain and will need to be sold off to allow for the new products.
How to Locate Manufacturers
It is simpler to locate manufacturers than you imagine. Local libraries have directories of manufacturers you can take out and borrow. You can also lookup manufacturers online or in phone directories.
For instance, try opening, for instance, the Yellow Directory. Find manufacturers’ names, and you’ll see pages upon pages of listings.
As you can see, manufacturers are easy to locate. If you come across one that has products accumulating in a warehouse, there is a chance to earn large profits and build relationships with them to pursue future opportunities for merchandise in addition.