Anything Can Be Auctioned (Comic Video)

February 19th, 2009 joe No comments

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Bad Economy = Stores Bankrupt= Merchandise Liquidation = New Opportunities

December 1st, 2008 joe 1 comment

Here is how the little man can take advantage of the bad economy. More than 30 chain stores are closing some of their stores and many other stores declared bankruptcy in the last few months. These stores include Foot Locker, Home Depot, Circuit City, Ann Taylor, Linens ‘n Things, and Macy’s. I will provide a list of all sources needed to buy closeouts from these stores and will explain how we may benefit in the long run.

For every catastrophe, there is a new business opportunity, at least according to some people. When Macy’s closed down a few of its stores (nine so far), all the inventory was processed and moved the liquidation center in California or New Jersey. From there, it was sold to a liquidation company that broke down the inventory into small categorized lots (men’s clothing, men’s shoes, women’s designer clothes…) and then sold to the public. The goods were sold for about ten percent of the retail cost.

The liquidation company usually has a contract with Macy’s and agrees not to advertise Macys’ name. Meaning, if you run to a site that claims to sell Macy’s overstock goods, it is probably a broker company that buys from the authorized liquidation company. The liquidation company for Macy’s is Merchandize Liquidators. For the most part you can find wholesale clothing sold in pallets. You can find this type of liquidation sold in stores like Ross and Marshalls. What most people don’t know is that just about anyone can buy this clothing in bulk and sell on their stores.For Walmart Liquidation ( yes they also have a liquidation program) the company to contact is Jacobs Trading.

Categories: About the Wholesale Industry Tags:

5 Clothing Items to Buy Wholesale

July 31st, 2008 joe 1 comment

 

In terms of retail, we all know that clothing items and their respective accessories make for a most popular type of merchandise, and not only that, one that makes up billions of dollars in the retail world. You too can get a cut of this wealth buying clothing items wholesale and then turning them around for a profit. Here are some examples of things you can buy wholesale.
- Sunglasses. Many people wear them, they are both a necessity and a fashion statement.

- Shoes. Very profitable as they too are both a necessity and are closely related to current fashions.

- Pocket books or hand bags. Women love to stay in fashion by buying these also very necessary accessories.

- Jewelry. Low cost jewelry such as earrings and rings can be had at low prices and sell well on the street

- Watches. These are both a necessity and often time also classify as jewelry or another type of accessory in general.

All of these types of clothing accessories are extremely popular sales items whether it be sold by street vendors in New York City or by your own self on online auction sites. Doing this is incredibly easy once you have an idea in mind of what it is you want to sell and how you’re going to do it, such as where you will sell and for what kind of profit. Clothing items can indeed be a lucrative avenue for you to take if approached with care and creativity.

Categories: About the Wholesale Industry Tags:

3 Tips for Street Vending

July 31st, 2008 joe No comments

 

When it comes to the world of wholesale buying, many out there purchase items at wholesale rates so that they can be sold on the street. This is legally done business, like for example, street vendors in New York City who wold permits and licenses that enable them to do business on the streets. While heavy foot traffic is ideal for selling on the street, here are some tips to help you maintain a smooth business on the street.

- Specialize in items which are small and easy to transport. Imagine dealing in furniture? This is nearly impossible to do on a crowded street. Instead, try to sell items which you can display many of on a table or two.

- Keep your merchandise physically safe. Always have plastic tarps on hand to cover your goods if unexpected rain falls, and make sure you set up shop in an area that decreases your chances of you or your inventory getting hit by a vehicle.

- Beware of illegitimate “customers”. There are people out there who are scammers and might be able to either outright steal from you while you least expect it or otherwise get merchandise from you in a fashion other than that you have set forth as a business plan.

The street can be a dangerous place, but it can also be a profitable place to. By following the laws and transactional rules of selling items on the street, you are sure to keep safe while enjoying it as well as making a profit most importantly.

Categories: Avoiding Scam, Sales Ideas Tags:

3 Types of Wholesale Items

July 30th, 2008 joe No comments

Are you in the business of selling things? If not, you might want to consider getting into a lucrative sales market. If stores and other individuals are able to pay their bills by selling goods, why can’t you also do it? The secret to making money is buying things wholesale, where you buy a large amount of merchandise and turn around and sell each item for more than what you paid for it. Here are some ideas on what types of items you can sell.
-Personal care products. Folks selling at flea markets can be seen selling toothbrushes, cosmetics, apparel, and practically anything that can be used for your body. These items are popular to sell because for most people, they are a bare necessity.

-Entertainment items. For instance, companies that produce and sell DVDs will often offer wholesale rates for retailers who want to sell the DVDs at a profit. Entertainment items are always popular because people simply want to laugh a bit and enjoy themselves.

-Collectibles. From knick knacks to house decorations to figurines, there are all sorts of things that people collect or give as gifts that you can buy wholesale and then sell for a profit.

As you can imagine, like in the world of retail, there are hundreds of thousands of items out there which can be purchased wholesale and then sold for a profit. By deciding what it is you like selling best combined with what is most profitable, you are sure to make a success out of it.

Categories: About the Wholesale Industry Tags:

Tips on Where to Sell Wholesale Items

July 30th, 2008 joe No comments

If you are in the business of selling things, you probably know about the world of buying wholesale. This is where you consult a supplier and buy a large amount of items for a low price per unit. For instance, you can buy one hundred pairs of sunglasses for $5.00 each and then sell them to customers for $10 each, making you a one hundred percent profit. Simple, is it not? One important thing is where to sell such items and below are some hints.
- On the street. In large urban centers like New York City, street vending is not only commonplace but synonymous with pedestrian life in the city. This is highly successful because heavy foot traffic means a high sales volume. Always make sure it is legal to sell on the street in your are and apply for any necessary licenses and or permits.

- At various types of sales. These range from your own garage sales to Church bazaars and other similar events. While doing these sales on your own mean greatest freedom, you also will not get the attendance that a larger group event would enjoy. Decide on a balance between the two and go with the more logical choice.

- On the internet. There are various internet auction and classifieds websites, some of which you have probably used. These are perfect for selling items at a profit.
Yes, there are various places in which you can sell the merchandise you have bought wholesale. By doing research and approaching these different marketplaces with a good plan and creativity, you will be sure to profit!

Categories: Sales Ideas Tags:

3 Tips for Wholesale Buying

July 30th, 2008 joe No comments

Wholesale buying is arguably the most important means by which anyone can first buy a large amount of items and then sell them for a higher price to consumers. This is how businesses and individuals make profits. Below are three tips for getting started with wholesale buying.

- Think about what it is you like buying. Often time the more you know about a specific product, the better you will be at finding good deals on them when buying wholesale. After all, if you are a mechanic, you will know more about good quality and affordable tools rather than hand bags or sunglasses.

- Research the various wholesale suppliers out there. Be sure to do a background check and make sure you do not deal with a scammer. Get to know your supplier first, as this makes them aware that you are serious and mean business. Having a good relationship with your supplier means easy business in the end.

- Think about where you want to sell these items. You can do it in person at church and garage sales, or you can even do it online on one of the various auction or classifieds websites out there on the internet.

When you do a bit of research and creative thinking, the world of wholesale buying becomes that much easier. In the end, wholesale buying is all about making profits. Approach it with a little know how, and of course some experience as you continue to go along with it. As you learn the ropes, the profits will usually grow from that point on.

Categories: About the Wholesale Industry Tags:

“Wholesale” in Thrift Shops

July 22nd, 2008 joe 1 comment

If you know a thing or two about how retail works, you know that retailers rely on the ability to purchase items wholesale, or in bulk, at a low price per item rate that is below the retail value of an item so that they can turn around the item to shoppers for a profit. The more you buy of something, the cheaper each individual item is even if you are paying a large sum for the group in total. Once you sell the items retail value, you make a good profit and not only recoup what you spent on the items, but make much more in addition.

Aside from relying only on wholesale suppliers, you might be able to find extremely low cost and still very desirable items in thrift shops. For example, you can find dirt cheap clothing that is like new and in another venue, be able to turn around shirt, pants, or whatever for a decent profit. So in theory, you are not purchasing these articles of clothing in a traditional wholesale sense, though similarly, you are paying a lower price per item value when compared to what you can sell the clothing for at a church sale, for example.

Like all other business endeavors, none of this is guaranteed success but with a little bit of experience, trial and error, and wise choices, you may profit by reselling items. And remember, wholesale suppliers are not your only source for inventory, do also consider what your local thrift shops have to offer.

Categories: Wholesale Sources Tags:

NYC Hot Dog Vendors

July 22nd, 2008 joe No comments

If you are like most people, chances are you are a big fan of hot dogs or frankfurters as they are called in some territories. This juicy, tasty treat is especially a staple on the sidewalks of large cities such as New York City. Aside from being a part of local culture, hot dogs share valuable sidewalk vending space along with other commodities such as hand bags, purses, watches, among other things which people walking along on the sidewalk can purchase to eat, wear, or enjoy, and affordably.

Although hot dogs make for a fun eating experience, little consider that the business behind them can be very lucrative. Consider that New York City hot dog vendors have to pay amounts sometimes in the hundreds of thousands of dollars just for a license to sell the dogs on the street. Amazing if you think about it, but if hot dog vendors can afford this, it only means they are making much much more by selling the hot dogs, and you probably never thought one could get rich by selling such a thing.

Obviously wholesale buying is the secret behind such success. Hot dog vendors can go to suppliers who sell them bulk amounts of the dogs, buns, and condiments for low prices so that the vendors can turn around a good profit when selling the cooked and decorated treat to you on the street. As in any retail endeavor, wholesale buying is one of the secrets behind successful hot dog vending.

Categories: About the Wholesale Industry Tags:

NYC Sunglass Vending

July 22nd, 2008 joe No comments

New York City means busy streets, unbelievable automobile traffic and especially mammoth crowds of people perusing the public sidewalks. If you have ever taken a walk around the busy streets of Manhattans and possibly other large cities, chances are you have seen a plethora of sidewalk vendors selling all sorts of wares, ranging from food items to accessories, from books to DVDs among all sorts of other things that cater to our needs and entertainment. One of these many items happens to be sunglasses which are right up there in popularity with hand bags for example.

Sunglasses are a successful commodity for so many reasons. First, they provide a health aid in shielding our eyes from the sun’s harmful ultra violet rays. Second, they make for a great fashion statement. The variety of sunglass styles out there enables the consumer to mix and match for a look that corresponds with what he or she is wearing, likes in term of color scheme or any other conceivable fashion reason. Third, sunglasses tend to break a lot. This means a frequent need for new pairs! Another most important factor is that they are inexpensive on the street, and even more so, easily purchased by vendors from wholesale suppliers.

Vendors are able to buy sunglasses in large quantities and cheaply so they can both sell for a profit and provide buyers with a great deal. If you have been considering selling something, perhaps sunglasses are the way to go, and make sure to buy them wholesale!

Categories: Avoiding Scam Tags: