Posts Tagged ‘The Closeout Industry’
by Robert Cyr on February 9th, 2010
I have a question that I hope you can answer. When buying truckloads or one pallet of merchandise at a time, how do I know the pallets have not been picked through? I have been told that all pallets should be sealed at the top and shrink wrapped and come with a manifest attached to the side of the merchandise on each pallet. Is there an industry standard to look for? Thanks for the book and for your time.
Great question…thanks for asking! I remember wondering the same thing when I purchased my first pallet of liquidation merchandise. No, there... Read more »
by Robert Cyr on January 11th, 2010
It is time to become creative in your search for wholesale liquidation electronics. A lot of the stock that liquidators purchase comes direct from the reverse logistics industry. Reverse logistics covers activities related to returned product, returned pallets and containers, and returned materials for disposal or recycling. A segment of this industry also focuses on refurbishing products that have been returned to the retailer due to malfunction
Some third party reverse logistics companies handle electronics returns, refurbish products and sell consumer returns by the pallet and truckload in an effort to recoup otherwise lost dollars for the original retailer.
If... Read more »
by Robert Cyr on January 11th, 2010
How many of you would like to resell electronics on eBay? I know when I got my start way back when I wanted to sell something I new a little about and had an interest in. I lost the fight to my wife and we started reselling apparel on eBay, but I still keep my eye open for electronic suppliers that would offer a decent profit margin for eBay sales.
Most of the suppliers I find today do not offer low enough pricing by the time you pay listing fees and final value fees on eBay. Profit margins are razor... Read more »
by Robert Cyr on January 5th, 2010
I live up in the northern most part of Maine, bordering New Brunswick, Canada. I just bought your book, Wholesale Liquidations Exposed, and it is excellent. Thank you very much. I only wish I had found you several months ago.
Here is where I am in this whole thing… I bought into a product locater business opportunity, as a Broker. I ordered the start up kit, as well as the web site, and the whole shebang. I own my own domain, Maine Liquidators.
Over the past few weeks, I have forwarded them MANY very good finds, and all retail packaged,... Read more »
by Robert Cyr on January 5th, 2010
While we were conducting our monthly warehouse liquidations sales up in Northern California, we had some help in the form of a little competition. In our industrial complex there was another couple who were holding liquidation sales, but they were not selling department store returns. They operated a 3000 square foot warehouse where they would hold what they called Estate Liquidation sales.
My wife and I would visit this operation periodically and we got to know the owner very well. We would even split advertising costs when we had sales on the same day. It worked out for both of... Read more »
by Robert Cyr on December 14th, 2009
My name is Jason and I live in Tn. I, like many people, recently lost my job and have begun to try my hand at this liquidation business. I have purchased from Warehouse One in Crossville and visited Lucky-Dollar as well as All Star Wholesalers.
Warehouse One charged me $1,200 for a Rite-Aid pallet! I ‘m still trying to recover from that. When I went to purchase the pallet, they only allowed me to look at the boxes on the top of the pallet. Is that a normal practice? I cant ever do business like that again.
When I got... Read more »
by Robert Cyr on December 14th, 2009
What happens to those grocery items which are nearing an expiration date? How about those boxed grocery item that are somehow damaged in transit on their way to your local big-box grocery store? Most people never see behind the curtain of grocery retailing. Millions of dollars of grocery items are rounded up daily and shipped to large processing plants known as reclamation centers where retailers and distributors make a last ditched effort to “reclaim” revenue with damaged and near dated consumable items.
Enter the world of salvage grocery retailers! Clever and hard working entrepreneurs are buying truckloads of salvaged groceries... Read more »
by Robert Cyr on December 2nd, 2009
One of the best ways I come up with topics to write about on this blog is to simply research my analytics account. Don’t worry I am not going to get all technical with you and try to throw around some flashy SEO jargon, but I do want you to know that many of the posts here are written based upon the Internet searches that I track on this blog. For example, within the last three days I have noticed the following keywords that have lead surfers to my blog:
Liquidation Handbags
Coach Liquidation
Coach Shelf Pulls
Closeout Designer Bags... Read more »
by Robert Cyr on September 9th, 2009
Similar in concept to the day old bread stores, salvage dented can stores are opening up nationwide offering incredible deals on the same name brand food items that we are all used to buying [at full price] from the dreaded big box grocery stores. Lower food costs found at salvage grocery stores offer budget minded shoppers the chance to save money in our tight economy, while salvage grocery resellers are experiencing tremendous growth in their business.
What is a Salvage Grocery Store?
A salvage food store is simply a smaller grocery store where the bulk of the inventory is sourced... Read more »
by Robert Cyr on September 9th, 2009
There is something backwards about this idea of charging someone to sell your inventory. Of course I am talking about excessive dropshipping fees and membership kits that a supplier might force you to buy if you want the privilege of selling their stock.
We will dropship to your clients, just pay our $129.99 dropship club fee and you can be off and running your business today!
Dropshipping Club? What is that about….? Do I get membership card or some sort of vest to wear on Tuesdays?
No, its just a fee we charge to give you the privilege of buying... Read more »