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Store Surplus Wholesale - Top Tips for Making Money From Closeout Merchandise

Up and down the country, there are warehouses full of store wholesale surplus stocks. Warehouses full of cheap clothing, toys, furniture, exercise equipment, phones, hardware and many other kinds of merchandise available to purchase at up to 97% off the original retail price.


Why? Well, ask yourself these questions:


What happens when customers return goods? Where do the unwanted products go to?


What happens when a shop goes out of business? Where does the stock go to?


What happens if a factory is in the middle of producing goods, and the order is cancelled for some reason?


What happens when a wholesale supplier wants to bring in a new product and still has old products in it's warehouse?


Answer?


Large companies buy the stock at a fraction of it's retail value and in many cases it's possible for anyone to buy these store surplus wholesale stocks and sell them on for a profit.


Tip #1


You don't need a huge bank account to buy these stocks. It's possible to buy surplus lots for under 100 dollars. Shop around for the lowest priced lots.


Tip #2


If you can repair electrical goods, that's great because the faulty goods are available typically for 10 to 20% of the retail value. TVs, DVDs, MP3 Players, Hi-Fi and so on.


Tip #3


If you don't fancy repairing goods, there are still oodles of working/perfect stocks available, but you pay slightly more, up to 35% of the retail price. That's still almost two thirds OFF. So look for 'graded' or 'brand new' in the descriptions. In the case of electrical goods, you'd pay anything from 25% to 35% of the original price for perfect or 'graded' goods. Graded means they aren't brand new, but have been checked and refurbished to good as new.


Tip #4


Clothing is usually perfect, so this is probably what most people would start out buying. You can sell clothing in the online auctions, at a car boot sale, (flea market), or simply sell to friends and family. You can get clothing stocks VERY cheaply, unlike electricals.


Tip #5


Keep your eyes open for stocks of perfect jewelery and watches at typically 35% of the original price. Look out for these first. Perfect for selling on eBay as the postal charges are minimal and there's always a good market for this kind of product!


Tip #6


To find these suppliers, have a look on the internet using search terms like 'store surplus', ' wholesale closeouts', 'liquidations', 'customer returns', 'bankrupt stocks', etc. or see my Top Tip below and save yourself a lot of time and effort.


So, if you want to start a small business, think about taking advantage of store surplus wholesale stocks as a source of supply. Especially keep an eye out for brand new stocks and those valuable occasional stocks of jewelry and watches!


Good luck!


Top Tip: Click here to read about the best source I've come across for finding cheap products for resale. If you're interested in sourcing products wholesale in the UK, have a look at my own uk wholesale directory


Source: www.articlecity.com