April 20, 2021
Entrepreneurs, vendors and stores, online and offline are always on the lookout for new sources of high quality merchandise that may be acquired at the cheapest price possible opening the door to potentially high income at resale.
These buyers are seeking merchandise to resell in a variety of venues such as::
�Offline shops and stores
�eBay and other auction sites
�eCommerce stores online
� Flea markets
�Swapmeets
� Individual websites
This is not a whole list but simply a good example of the types and variety of venues that require and want merchandise at the lowest price possible..
A question that frequently arises is whether it better to focus on shopping for and reselling closeout or surplus merchandise. So as to answer this question we have to take a moment and examine the variation between these types of merchandise
What is Closeout Merchandise?
Closeout merchandise is only merchandise that is on sale or in the process to be discontinued. It is merchandise that is discounted below its normal price so that it will sell quickly, giving the retailer the chance to create in new stock. Some stores even advertise that they sell “closeout merchandise.”
What is Surplus Merchandise?
Surplus merchandise is excess inventory that a business has in addition to what it needs. This is not the same as a closeout. Beyond merely being for sale this is an inventory that may no longer be utilized by the seller for just about any of several reasons such as for example: product changes, packaging modifications, and design updates. In effect it has become unwanted merchandise.
As excess or unwanted products it may start to collect dust in a warehouse. The dog owner needs to get it out from the warehouse to make room for new merchandise which has in effect replaced the surplus merchandise.
In such a scenario, the dog owner may decide that it’s time to sell the inventory as surplus at rock bottom prices just to get it from the warehouse and make space,.
Opportunities Exist to Sell Retail and by the Truckload
Savvy surplus merchandise liquidators understand how to take control of entire inventories of excess surplus merchandise for mere pennies on the dollar for resale at substantial gains by the truckload to retailers, or on a retail schedule in their own business
Surplus Liquidators Give a Needed Service
In place, the surplus merchandise liquidator will be helping the owner remove an inventory headache and convert it to dollars. By providing this needed assistance and helping the owner clear out a warehouse, the surplus liquidator helps the wheels of the market moving as new goods can be delivered.
The surplus merchandise can now be sold to hungry buyers looking for good deals online and in stores producing profits and opportunity.
Keep in mind that there is nothing wrong with the merchandise that is now classified as surplus. It isn’t defective, broken, damaged or returned merchandise. It is retail packaged and ready to go on the shelf of a retail surroundings or posted on an internet site for sale.
Closeouts May Become Designed for Liquidation as Surplus… in Time
On occasion closeout merchandise will become, in time, available as surplus merchandise.
Continue the lookout for warehouse revenue where a seller needs to liquidate remaining closeout merchandise towards the end of their sales. Profitable opportunities may exist in such scenarios provided that you agree to a surplus liquidation price rather than a simple discount by the end of a sale. www.flywheelbrands.com is critical so make sure that you understand the tenets of liquidating before making any buying de
