| There is money to be made in liquidation products, but | | | | cost for shipping, and what is the price per item. Get |
| you have to know exactly how to find those. So here | | | | the details in writing, so you have something to fall |
| is the list of tips and strategies. | | | | back on! |
| Know Whom You Are Buying From | | | | Your supplier should provide you with a manifest - an |
| You can find plenty of liquidation sources online, but | | | | itemized list of the goods on the pallet you'll be |
| there is only a percentage of those who are really | | | | receiving. Try to get the liquidation price, the wholesale |
| reliable. Now, you can go to the liquidation dot com and | | | | price, and the retail. |
| see what they have. And most likely from time to time, | | | | Know the Real Product Cost Before you buy! |
| you can find a good deal, but my advice is to stay | | | | This is kind of a warning. You have to consider not |
| away from returns as often there are issues with | | | | only the purchase cost, but if the items you are getting |
| those products. You can even find smaller local store | | | | have to be repaired, you have to count that in. Or |
| and see if they have any liquidation to unload. This is a | | | | cleaned, re packaged. Count those in as well! |
| great way to get that product at 10-20% of wholesale. | | | | Test the Product Market |
| But if you are going to search for sources online, you | | | | First find out what is the lowest selling price, the |
| have to find if they are really legitimate. The legit | | | | shipping cost, the specifications and look at the auction |
| company should have the necessary contact | | | | sites to see if the product is selling. This will help you |
| information. If you cannot get a hold of them by phone, | | | | determine the profit you can expect. |
| RED FLAG, move onto the next one. | | | | Don't overlook the slow moving products! |
| If you do get a hold of them, great, get to know them | | | | Some of the low cost slow moving products can really |
| a little better and test their customer service. You can | | | | help increase your profit margin. For example, if you |
| always ask for customer references. Remember, if | | | | are selling kids puzzles, you can over sell for additional |
| something sounds too good to be true, it is. | | | | 10-20% of the initial price if you include the bonus. Keep |
| Know what you are Buying! | | | | that in mind! |
| Before you actually make the purchase you have to | | | | Just in the case you did not know, the Wordwide |
| know exactly what you are getting. It happened to me | | | | Brands Directory has plenty of liquidators who are |
| few times that I got the wrong order. It was delayed, | | | | screened and approved by their company, so you |
| and a whole mess. Know the details on how much it | | | | know you are working with the real company. |