| If you are thinking of starting an online store or | | | | equipment and would not help you sell your main |
| eBay business you must source your products as | | | | product range. |
| cheaply as possible. The cheaper that you are | | | | Sources of liquidation stock |
| able to source your products, the more profit you | | | | Manufacturers are an excellent source of |
| are able to make. | | | | liquidated stock. Manufacturers often over |
| There are plenty of places on the internet where | | | | produce orders. Some buyers also let the |
| you can source products for your business. Your | | | | manufacturer down by not completing their order, |
| choice of supplier will mainly depend on your | | | | or there is some form of damage to packaging. |
| personal preferences and type of business you | | | | The great benefit of sourcing from |
| are going to be running. One source of very | | | | manufacturers is that the products are normally |
| cheap products is liquidation stock. | | | | new, in their original packaging and with |
| What is liquidation stock | | | | guarantees. |
| There are a number of reasons products get | | | | When looking for liquidated stock, also consider |
| liquidated. Liquidation stock can include | | | | importers. There are lots of warehouses all over |
| overstocked items from larger retail chains, | | | | the country that are filled to the rafters with |
| refurbished products, shelf pulls, used products, | | | | imported products that are currently unsold. The |
| returns and even salvaged products. It is | | | | importer will be looking to get rid of some of |
| important to fully understand the condition of the | | | | these products to free up space in their |
| liquidated products before you make a purchase. | | | | warehouses. You will be able to find these profit |
| The condition can vary from new products that | | | | sources quite easily and unlock them pretty |
| have never been opened, to products that are | | | | quickly. |
| damaged beyond repair and can only be used for | | | | Packaging companies are also a good liquidation |
| spare parts. Most liquidated stock may have | | | | source. Sometimes brand name companies pay a |
| some cosmetic defects, so be sure to check the | | | | packaging company to package their products. |
| exact condition before you buy. | | | | The company may then decide they don't like the |
| Selling liquidation stock | | | | packaging and the packaging company is left with |
| The main benefit of selling liquidated stock is that | | | | a warehouse full of stock that they need to get |
| it's available cheaply. You will however need to | | | | rid of quickly. The products themselves are usually |
| stock the products yourself and dispatch them. | | | | fine, as it's just the packaging that the brand |
| This gives you more control over the entire | | | | name company had a problem with. |
| process than if you use a dropshipper. | | | | To find stock at one of these companies all you |
| One thing that you need to be aware of when | | | | need to do is phone them up and spend time |
| dealing with liquidation stock is that this type of | | | | asking whether they have any stock that they |
| product source is not renewable. In other words, | | | | need to dispose of. If they do then ask if it's |
| you can only purchase the amount available from | | | | possible to see any samples so that you know |
| your liquidation supplier and once it's gone, it's | | | | what you are buying. You will also need to take |
| gone. As liquidation items are extremely cheap, | | | | photographs of the products if you want to list |
| they are very suitable for eBay sellers and large | | | | them on eBay or in your online store. |
| profits can be made if you know what you are | | | | If you are asked to pay for the samples then |
| doing. If you have an online store, you can also | | | | politely refuse, generally speaking companies that |
| use the price of your liquidated products to draw | | | | have stock they want to dispose of will be |
| the eye of your customer. Now you have your | | | | pleased to send free samples. When you get your |
| customers attention, you can increase your | | | | hands on the samples you can then decide |
| chances of selling your more profitable product | | | | whether you are interested in the products. |
| lines by placing them next to your headline | | | | Buying liquidation stock is a great way to get a |
| liquidated item. | | | | bargain for your business and increase your profit |
| Your ideal goal is to increase profits and minimise | | | | margins. However, please remember that |
| costs. This means that you always need to be on | | | | successful online businesses will use a range of |
| the lookout to make sure you get your hands on | | | | wholesale sources, and your liquidation products |
| all of the bargains possible. | | | | should be supplemented by products sourced |
| If you are purchasing liquidated stock for your | | | | from dropshippers, light bulk wholesalers and |
| online store, be careful not to stray out of your | | | | importers. Follow this golden rule and you can build |
| niche. An extremely cheap coffee maker | | | | a sustainable business with high profit margins. |
| purchased through liquidators would look strangely | | | | Good luck! |
| out of place on a website dedicated to sports | | | | |