by Chad Maslak on September 9th, 2009
One of the most common emails that I receive from my newsletter subscribers is about the frustration they experience when they are trying to purchase wholesale merchandise to resell. Often times the frustration actually comes when they think they have found the perfect product or a wholesale distributor only to discover that the products that they want to sell are already selling on eBay for the same price or less than what they can buy them for!
In other words, you won’t be making any money and at best you’ll find that you’ll be lucky just to break even!
This... Read more »
by Robert Cyr on August 14th, 2009
We are obsessed with buying stuff; a trip to the local Walmart will always include staple items, but we also end up purchasing merchandise on impulse. Don’t worry…we all do it on occasion. Sometimes this extra merchandise is justified and we’re glad to have finally broke down and bought that George Foreman grille, but what happens to a product when we come to our senses and decide to return that unneeded item back to the store?
Retail returns represent a huge aspect of retailing and all large department and discount stores have their own procedure for processing the items you... Read more »
by Carrie Hinkel on January 16th, 2008
Think liquidations might be right for you or your business, but you’re not exactly sure what they are? Well, liquidations are simply products that a company doesn’t want anymore. Maybe they couldn’t sell them or they’re damaged or missing parts – but they’ve been taking up space in the warehouse and collecting dust, so they need to go. In fact, many companies are so desperate to get rid of some products that they’ll sell them for mere pennies on the dollar. Does that mean that buying liquidated products means you’re getting a great deal? Sometimes, but not necessarily.
What to... Read more »
by Leeia Ladipoh on November 16th, 2007
There are many ways that you can evaluate how well your business is doing. The most obvious, and most often used, is the big number: the dollar figure which indicates whether your business operated at a profit or a loss in a given time period.
But knowing this number alone will not help you to improve the bottom line of your business; in order to do that, you need to break your business down into smaller areas to look at specific steps you need to take to get that profit margin up.
One of the areas that can make a... Read more »