Buying Surplus and Closeout Merchandise
by Skip McGrath on October 15th, 2008
Some of eBay’s most successful sellers specialize in surplus, overstocked or closeout merchandise. You can earn large profits if you buy carefully, but, it is important to buy only desirable merchandise. Surplus, or closeout merchandise, is merchandise sold at a large discount because it did not sell at full retail for some reason. Usually retail merchandise shows up at closeout dealers because it wouldn’t sell in a store. This could be for many reasons: Seasonal goods Store closing or bankruptcy Obsolete goods replaced by newer products Customer returns after the holidays (not warranty or defect returns) Another category of merchandise... Read more »