Hi everyone, I hope your week is going well. It got really hot out the past few days. Last week we averaged 45 degrees during the day. This week we are averaging over 70 and today was 86 degrees. I’ll tell ya, the weather was never this weird when I was a kid. And I am from New England, so I am use to drastic changes in the weather.
I recently had someone ask me if they should buy from a liquidation or closeout wholesaler, instead of a wholesale distributor. I say whatever fits your needs. If you have room to store large quantities of goods; you are better off buying bulk loads from a liquidator or closeout wholesaler. If you have the money to buy large amounts of goods up front, you should buy from a liquidation wholesaler. Most people starting a business don’t have this kind of money.
Liquidation and closeout wholesalers usually have older models and products. If you want to buy brand new goods I would recommend not buying from a liquidation or closeout wholesaler. But, if you don’t mind purchasing older goods you can go with a liquidator. Some liquidators or closeout wholesalers sell damaged or used goods. Be very careful and read the description of what you are buying before you purchase.
Buying bulk from a liquidator or closeout wholesaler will make you lots of profit. Usually these goods are sold in a pallet for more than half off regular price. Then you can resell them for full retail price and make a killing. Try and find products that are still popular sellers. Stay away from things that used to be popular and are not anymore. Look for products that are still in demand.
Buying from a liquidation wholesaler can lead to problems if you are not prepared. Make sure you are two steps ahead and pay attention to every detail. Some companies try to word a description so you think you are getting more than you really do. Pay attention to delivery instruction especially.
Some companies have a checkpoint (middleman) that will touch the goods on their way to you. The middleman will get a small percentage of the goods to move them along to you. Don’t be alarmed, a point of origin checkpoint is a regular thing when it comes to bulk or pallet loads of goods. A middleman is never a good thing. But it’s very normal with large quantities of product.
A real wholesale distributor won’t have any middlemen. That’s the big difference between wholesale distributors and liquidation and closeout wholesalers. But just remember, a wholesale distributor with middlemen is a bad thing. While middlemen for liquidation and closeout wholesalers are not a bad thing.
I really enjoyed it when I used to buy from liquidation.com. I found some great deals on pallet loads of goods. There are lots of places you can buy wholesale from liquidators. Here are a few good ones;
http://www.4sgm.com/ This is a great place that seems to have everything. I found this place on a website a year back and have used them ever since. They even have a $0.55 per item section in their catalog.
http://www.dollaritem.com/ This place is great. They have tons of cheap items that sell great. They even have a $0.59 and under section in their catalogs.
http://www.viatrading.com/ This is another cool surplus company. They have everything and their list is always changing as they sell a lot.
Besides liquidation.com, I think these three are the best out there. If anyone knows of others, feel free to let us know. If you are looking into liquidation or closeout wholesalers make sure you know all the rules in your city. Some cities do not allow you to store large quantities of items without a permit to do so. You probably need a warehouse or storage area in order to bypass a permit/s. But check your local laws first.
Good luck shopping everyone. Liquidation wholesalers can make you lots of rollover profit.
If you have any questions, just ask me. Thanks for reading my blog everyone!
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