Planning For Success With a Liquidation Business
by Robert Cyr on August 4th, 2009
Due to the continued unemployment facing our nation many people are looking for other ways to make some extra money to pay the bills, which unfortunately continue to come in each month. The liquidation industry offers a unique opportunity to do just that, as there is an overabundance of merchandise to resell and a constant supply of consumers who want to squeeze ever dollar. These two factors make for a healthy cash flow for entrepreneurs like you and I.
Sales are slow at the major retail outlets and stock that sits too long is being liquidated. This is our chance to purchase overstocks, shelf pulls and customer returns and become creative in our marketing to the hundreds of thousands of people who love to find a bargain.
For a small investment of $500 – $3,000 you can start your “side business” reselling merchandise on Craigslist, through eBay or even at the flea market.
I grew up in a family of business owners and have always felt that I could make a living without receiving a paycheck. Even though I do not like the idea of having a boss, I am happy in my marriage taking orders from my wife. The orders stop with her; I do not rely on anyone else for my income.
What about you? Are you looking to start some sort of business on the side or maybe full time? Does the thought scare you in any way…are you uncertain about profit margins, taxes or a myriad of other issues? I thought it would be a great time to dig through my personal bookmarks and offer a few websites that just might give you the answers and confidence you are looking for.
The following links are in no special order, but they do have one thing in common, they offer great information for those looking at starting a small or large business. Please understand that no matter how small your venture might be planning and organizing will insure success as your business grows.
12 Helpful Links to Get your Business Started
- Business Liability Insurance - Here are a few scenarios that will prove “protecting the bottom line” is one of the most important issues to consider.
- SBA Business Intro Videos - Taking your idea to the next step
- SBA Resources – The Small Business Association has numerous resources to get you started on the right foot.
See the remaining nine helpful links