Imagine the excitement of receiving a shipment of surplus stock and liquidated merchandise filled with name brand top of the line products in high demand. As you begin to rummage through the treasures, you begin to see the dollar signs in your eyes.
I remember the fun part of getting pallet loads was digging through all of them and locating all the high end merchandise.
The funner part was even playing with them. They have to be tested right?
Well, as I would purchase the loads, I would evaluate the manifest, calculate the costs and determine the return on investment that was needed.
Once the pallets came in, I knew exactly what I was looking for as I would rummage through them. I can remember specifically locating the camcorders, digital cameras and other high end merchandise. You can imagine my excitement as I would see the boxes of items such as a Sony DCR-DVD201 Camcorder.
You can also imagine the dismay of opening the box and finding only the accessories or a camcorder that is in pieces! Yikes!
That is a serious high to a serious discouraging low in a split second!
The sad truth is this is knowing the reality of closeout products and the salvage business. This is why it is absolutely essential BEFORE purchasing surplus inventory to:
1. Calculate your costs
2. Determine your needed return on investment
3. Know the type of product you're purchasing and understand that you must take into account the defect percentage BEFORE you purchase...
4. and having a plan to know what to do with that defective merchandise.
Ask questions from your closeout or salvage dealers before you purchase to see how much percentage of defective product you can expect. There are several other key questions to ask but this is one answer that you must absolutely have.
If it is an empty box, make sure you let your dealer know so you can obtain a credit for that missing product.
What most people who purchase surplus products do not understand is that many of these can be returns, recalled products or items that simply have been damaged by the customer or even by the store staff. Perhaps it was damaged in shipment. Many people will purchase closeout items or surplus pallets blindly without knowing key pieces of information and without knowing vital pieces of information BEFORE purchasing! This can seriously cost you. You run the risk of losing a lot of money.
Learn How To Create Your OWN Moneymaking WholesaleandSurplus Business and Discover other Money-making Business Tips and Ideas Even if You Have NO Experience!
4 Part course and Newsletter!
I could share story after story of people telling me with excitement the great find they had when they went to this salvage dealers shop named Joe's place or went to some salvage auction and thought they had scored hot closeout merchandise that would make them a boatload of money! In a split second their utter excitement immediately turned to complete disappointment upon realizing that they had just purchased a pallet of "junk" that either didn't work or was broken!
Don't let this be you. The bottom line is:
1. Know and understand what type of surplus products you are purchasing.
2. Know your investment costs.
3. Determine the percentage of defects to expect.
4. Realize it will happen and have a plan to move them.
5. Remember things are not always as good as they seem and things are not always as bad as they seem. In other words keep a realistic expectation and don't get to high or to low. Don't become a yo-yo.
Keep reasonable expectations and make sure to do your homework before making the investment. Make sure to ask the key questions.
The best news is I have laid out the key questions to ask and have showed you how to calculate the percentages as well as sharing how you can have a plan to move defective closeout products.
Better yet, I show you HOW and WHERE to buy wholesale, surplus, salvage, closeout and liquidated products for pennies on the dollar!
will provide you not only the WHERE to BUY but also the HOW to BUY to profit from.
Further, it will also tell you HOW to find sources for yourself! It will reveal over 800 excellent sources literally to over hundreds of thousands of products for both wholesale and surplus products. Better yet, it tells you how to buy them and plus it will teach you how to get as direct to the source of product as possible!
Learn from my mistakes and how NOT to be burnt! Plus to show How and Where to buy surplus and how to sell surplus to actually profit from!
You'll get a directory of hundreds of surplus supplies PLUS sources of surplus, closeout items, wholesale closeouts and liquidated supply!
Learn how to find closeout items right in your own back yard!
You'll discover distributors business directory listings to thousands of various companies to hundreds of thousands of products!
You'll discover who the major reclamation centers are who handle the product supplies from major retail stores such as Sears, JCPenny's, Bloomingdales, Wal-Mart, K-Mart, Kohls, Target and more! You'll learn how you can immediately purchase these products for pennies on the dollar!
You'll also learn how to purchase closeout liquidation, surplus goods, surplus wholesale, and liquidation closeouts for pennies on the dollar to resell for a lot of profit!
Discover the MUST KNOW Formula for Making Big Money with surplus wholesale, Liquidated and wholesale closeouts!