Wholesale Liquidation & General Merchandise Liquidation
With the state of the economy currently being what it is, a large number of people have already gone into, or are looking toward going into, business for themselves. Due to the current difficulty many are experiencing in finding jobs, and with all of the layoffs that have become so common, the idea of self-employment is becoming exceedingly more attractive to many than it has been in the past. And, a route to such self-employment through the field of wholesale liquidation and the purchasing of general merchandise liquidation goods seems to have found favor with a good many people.
There are quite a number of reasons for this. One of the most prominent is the accessibility of the trade to the average person. Just about anyone can do it and earn money. You don’t need any sort of specialized training, nor any sort of degree. The average person can just get out there and start doing it, and start earning money. So open is it to the average person, that many start out in the field simply by selling general merchandise liquidation goods on places like eBay, or Craigslist, or perhaps at local flea-markets. Before long, after seeing that they are actually earning an attractive amount of extra cash via this method, and while actually finding enjoyment in doing so, such people often set their sites toward expanding their operations — that is, to acquiring a larger quantity of goods at wholesale liquidation prices, in more regular supply, and selling them off in greater capacity. They might begin to be interested in buying truckloads or entire pallets of general merchandise liquidation goods in order to increase the profits they’re earning for themselves, and turning their efforts into a viable and lucrative full-time business.
Anyone can purchase overstock items, retail goods that are known as “shelf-pulls”, or customer returned products from major retailers. Retailers will often sell-off these items at liquidation prices, and this should not be overlooked. Obtaining these types of items in this manner can present re-sale opportunities. High value, name-brand merchandise can often be acquired at below wholesale prices via such means, and can be re-sold at below-retail while still producing a profit. Merchandise that is obtained in such a manner can be sold on eBay or through other online means, through your own online store website, at flea-markets, local swap-meets, or any number of other methods. And, a good number of people are currently earning a comfortable living doing just this.
The general merchandise liquidation items offered through wholesale liquidation becomes available for sale for a number of different reasons. In some cases, for whatever reason, certain items don’t sell at retail. As such, retail traders wish to clear out inventory in order to make room for new inventory which they believe will move more quickly. So, they will liquidate such merchandise — allowing you to obtain it, often, at below wholesale prices. Quite regularly, however, goods that are no longer selling well through retail means will still sell well to end-customers at wholesale, or even at above wholesale but below retail prices. Since you obtained the merchandise below wholesale — at a wholesale liquidation cost — a profit is still there to be made.
Along with this, there is also the fact that a portion of inventory that many retail traders stock is seasonal in nature. The volume of sales for such items at retail fluctuates with the season. Any items the retailer was unable to move by the time the season is ending may be offered up at liquidation prices in order to clear room for off-season inventory. In such cases, this seasonal merchandise may be able to be snatched up at incredible, below wholesale discounts.
Other reasons for general merchandise being offered at wholesale liquidation prices include: Discontinuation of product lines, customs or shipping delays that result in the cancellation of retailer’s purchase orders, superficially damaged goods that can’t be sold retail-new, and many more. In all, however, the underlying reason for making items available at liquidation is to recoup money that would otherwise be tied up in stored inventory that the retailer is unable to move quickly enough for their liking through their established retail sales methods. Instead of absorbing a total loss for such items, they’ll sell off the goods at a fraction of the item’s market value in order to regain some level of return on their purchase of the goods.
All that is required on the part of one looking to get into the business of re-selling wholesale liquidation general merchandise is to locate such purchasing opportunities, and then move the items acquired at below-retail discounts to end-customers.