How Dollar Stores Make Money from Liquidated Products

By Clifford  Woods

In most cases, people avoid buying products at the dollar store due to the simple fact that it is an unpopular place to shop. Though, ever since the economy has started to decline, more and more people have realized that dollar stores are the smart place to shop as it is a place that can save them a lot of money, especially in the long run.

About Dollar Store Chains
Throughout a financial recession, on the other hand, saving money by purchasing cheaper products will become more desirable and sensible. In the fall of 2008, as the economy began to decline, investors and owners of dollar stores had reason to celebrate.

The best investment of 2008 among the list of the ever popular "Standard and Poor's 500 stock index" was in fact Family Dollar, with the symbol of FDO, which increased in worth by about 45% while the index in general dropped around 40%.

Cleaning soap along with other items that stimulate brand name loyalty can be quite difficult to sell for customers whenever they're flush with money. However when costs upsurge in combination with a downturn in the economy, like they did during autumn of 2008, brand loyalty will lose to financial savings.

Due to this fact, the negative judgment that people make about shopping at dollar stores lessens. Given that all of us are financially unstable all at once and for exactly the same causes, frugality makes a trend. Financial downturns also add to the good results of dollar stores throughout the market via huge liquidations.

Whenever consumers become more and more frugal in an unpredictable economy, low cost merchants pick up products in addition to new customers. Large retailers that fail or close shops in the course of a crisis will sell their stock to recover costs. Dollar store stores take the liquidated products and sell it off at an even greater price cut for their customers.

How Dollar Stores Make Money
Generally, dollar stores continue to keep costs low by means of taking advantage of special techniques that save money by cutting costs. 

Dollar Tree, the only real nationwide store that markets items for just a dollar, reduces their expenses by marketing products in small sizes and distributing scheduled deliveries throughout the week.

Similar stores have taken to marketing some products for a single dollar while others, well-known brands for example, for the average retail price. Some merchandise, such as higher priced electronics, simply are not sold in dollar stores unless of course they have been liquidated from a company that went out of business. Key low cost chains also reduce expenses by importing a great deal of their products from foreign countries like China.

Customer reports mentioned various kinds of items that dollar store shoppers should stay away from. Those who want to get into wholesaling as a business should also take note that products like off-brand batteries that leak acid, lead found in a lot of children's lunchboxes, and dangerous electrical items that were not made under proper guidelines should be avoided and do not sell well.

Merchandise security, as opposed to brand loyalty, will not matter during hard financial times, which is one reason why dollar stores will be popular when you want to reduce your expenses.

Therefore, the very next time you pay a visit to your neighborhood dollar shop, buy with full confidence understanding that they're not going to be going out of business anytime in the near future. As the economy continues to stay unpredictable, and wholesale dollar store providers continue to have an income in manufacturing the products which they offer, dollar stores will certainly keep on thriving.
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Clifford Woods is the owner of Rapid-Liquidations
We buy complete inventories of unwanted or discontinued consumer merchandise for cash and sell complete inventories of consumer merchandise at about 15 to 20% of retails prices!
If you are interested, we also have a complete, easy-to-follow manual on how to get started in this business yourself.

A Brief Look at Estate Liquidations

A Brief Look at Estate Liquidations 

By Clifford Woods

An estate liquidation is a lot like an estate sale for the reason that the main point is to liquidate the property by means of a property sale company. Usually this will involve everything on the property such as belongings in safe, household heirlooms too precious to be kept in the home, property, vehicles, boats, RVs, livestock, and anything else that the estate company might cover.

Although it is essential in the majority of states that a real estate professional must be there to create the paperwork for the purchase of real property, most other merchandise do not need any other kind of permit apart from the local ones necessary to run a business in your particular state in which the liquidation is happening.

In many cases, the family will have an attorney in order to supervise the procedure for liquidation and to keep the program straight on legal issues of stocks and bonds being exchanged, assets liquidated and any real property changing hands under legal standing.

Estate liquidations take place mainly like estate sales, with all the liquidators preparing the property and items to be sold for a community sale. The majority of liquidators charge a percentage of the net income from the sale.

Estate Liquidation vs. Estate Sale
The primary distinction between estate liquidation and a sale is that the liquidation can involve collections, bonds, art, stocks, and real property. Normally estate liquidation is followed by real estate agents, lawyers, CPAs, and appraisers, while a property sale can be carried out by any person with an understanding of the value of household products and collectors’ items involved.

Property is categorized into two basic types: personal property and real property. Each may be sold or liquidated. Estate, on the whole, is often regarded as an asset, in that it can be liquidated for money. In most cases, property is liquidated in order to provide a way to obtain money to purchase other property; for other people it can be liquidated in the bankruptcy process.

Relative Liquidity
Just about all possessions, which includes land, property, jewels, metals, bonds, and stocks, may be seen as relative liquidity. Although such things are not regarded as property per se, money that can be made from it is considered the liquid asset. 

Cash is accepted currency, and you need to use it to buy everything, which makes it totally liquid. Property, like a house, isn't actually liquid; however it may be used as a currency by means of its liquidation, sale, or trade for related properties.

Why Does a Property Become Liquidated?
The reason why an estate could be liquidated or sold can vary. As an example, you could possibly liquidate a holiday residence in order to create money to cover your child's education.

Estate liquidation also often takes place due to bankruptcy. A bankruptcy professional may buy your home liquidated in order to pay off your collectors. Within the law, estate liquidation practically always describes the means of selling off a bankrupt debtor's home to meet the debtor's needs.

What Occurs When the Bank is Involved
In its simplest form, estate liquidation is a sale of the property or home. In a bankruptcy, for example, you would list all of your property to a specialist to look it over and makes a decision as to what needs to be marketed in order to pay off creditors.
Based on the debt of the estate that is bankrupted, the specialist might decide to not liquidate any parts of it. 

Whenever your estate is liquidated in bankruptcy, you get any of the profits remaining after paying back lenders.
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Clifford Woods is the owner of Rapid-Liquidations
We buy complete inventories of unwanted or discontinued consumer merchandise for cash and sell complete inventories of consumer merchandise at about 15 to 20% of retails prices!
If you are interested, we also have a complete, easy-to-follow manual on how to get started in this business yourself.

Why Wholesale Marketing is Best for a Manufacturing Business

Why Wholesale Marketing is Best for a Manufacturing Business

By Clifford Woods

Wholesale marketing is whenever a manufacturer of an item or product sells their merchandise to a business or individual who will then offer it to the regular buyer; perhaps even using the brand name of the manufacturing organization. 

This kind of marketing features a number of benefits, particularly if you are planning on spending money in wholesale and liquidated goods to start your own business.

Let us go over a few of the advantages below:

Benefit #1: Expand Your Knowledge of the Market
As you become more and more familiar with the different ways to obtain your products, you will find yourself much closer to figuring out the ins and outs of the market of the specific product you are purchasing. Details like the circulation within the supply chain, manufacturers who have the cheapest prices, and the outer functions of numerous businesses are just a few of the things you will become aware of. If you get your goods from several different manufacturers, or have left a bad provider for a much better one, you will be able to see exactly what the differences are between two manufacturers.

Benefit #2: Saves You Money
Wholesale marketing will involve purchasing products in bulk, directly from the maker, instead of dealing with a middle person. If you work with a third party, you will have to deal with a number of markup fees, though if you work directly with the manufacturer then the prices of the products will be your only concern. 

In order to cover for their losses, the manufacturers will most likely require that you purchase the products in a large amount, however if you average the price of each unit then you will realize some good financial savings as compared to purchasing from a third party.

It is possible to recover the expenses by selling the products at a price higher than the average unit cost. You can generate a lot of profit if you do your market research to determine the best price ranges, based on the trends of the product, to sell for.

Benefit #3: Create a Network
Wholesaling will result in you getting in touch with many different manufacturers to find out if you will buy from them. It is possible to talk to the suppliers directly, however when you are starting out it is a good idea is that you become a member of a network of associates who currently have a proven wholesale directory. 

In order to get a good price from manufacturers, this network will be able to help you out until you are better established. This can help you with discount rates and special usage of products, in addition to a highly effective learning environment. Make sure that you will find out more about the practice of wholesaling and the items you are selling; networking is the key.

Benefit #4: Build Your Brand

Selling will often involve the products being rebranded using the wholesaler’s own brand. Remember that most products sold in large chain retailers, ranging from food to office items, are purchased from the manufacturer and sold under the store's own name. By doing this, the store's brand expands and becomes stronger.

Also, if the products are of top quality then essentially you are getting free advertising simply by having a good product with their own brand name. As a potential seller of wholesale and liquidated goods, you will be able to do this too if you would like to sell products yourself.

Prices between producers and wholesalers often include having the brand name under the wholesaler. From the buyer's point of view, the manufacturer’s part will be completely unseen, making it seem as if you did all the work in creating the products. Regardless of what you will be purchasing, you can imprint your brand on the item. With just a couple of good quality products, you will have the ability to create a strong brand name.

On the other hand, a manufacturer can simply focus on selling the items for a higher price or send it to a merchandiser to handle the sales for you.
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Clifford Woods is the owner of Rapid-Liquidations
We buy complete inventories of unwanted or discontinued consumer merchandise for cash and sell complete inventories of consumer merchandise at about 15 to 20% of retails prices!
If you are interested, we also have a complete, easy-to-follow manual on how to get started in this business yourself.

Why People Look For Liquidated Products

Why People Look For Liquidated Products

By Clifford Woods

The market these days is going through a massive increase in product prices. From household goods to gas prices, practically everything has increased in cost. Because of this, consumers are left with hardly any funds to spend on the essential items, not to mention entertainment. 

As a result, people are discovering that closeout products are the best way to spend their money. Such products are less expensive and are still excellent quality in the majority of cases.


Businesses selling liquidated products and merchandise from closeouts are the ones making sure that individuals can still pay for what they need during these expensive times. They sell goods that are of top quality which they get from producers, manufacturers and stores in addition to catalog firms.

Considerable amounts of products can be purchased from businesses and people who have excess merchandise and need to liquidate their products. Liquidated products are typically sold in vast amounts at very cost-effective prices in order to get rid of any extra products as fast as possible. It is not surprising that individuals are looking for these bargains. Good quality products at an extremely low or reduced price is very tempting.

Why Consumers Love Liquidations
Despite the fact that products from closeouts sales along with other merchandise from liquidations are sold in bulk in most cases, people still would rather purchase them since they are guaranteed that they are getting the best price possible. This is a guaranteed way to get very good products at extremely low prices.

People are now able to pay for designer clothes at affordable prices by discovering good quality liquidation businesses to buy from. Purchasing furniture and other household products without having to visit a retail vendor has become a more pleasant activity in comparison.

There are countless other types of products that are now affordable thanks to closeouts and liquidations, such as jewelry and house wares. To make sure that you get the best price available, look for closeout and liquidation sales; and do your research.

It is advised that you search the web to look into different vendors. If you do a comparison of this shopping method with the visiting popular shops; you will find that it is an extremely beneficial and wise decision when it comes to saving money. It really is the best way to get the products you want for the lowest price possible.

Selling Liquidated Products as a Business
For those that want to take advantage of closeouts and liquidations in the business sense, you are well on your way to success. This type of business is attractive since it does not cost a lot of money to start up and has massive rewards.

The one thing to take into consideration is that you have to make sure that you get liquidated items that are popular. You should also try to discover who you are going to sell it to and for what amount. If you obtain a product that is in high in demand, you will be able to sell it at a good selling price that most people will consider reasonable. Once you have achieved this, you are basically running a business.

It may be demanding from time to time if you lack the patience and ability to know what is moving in the market and what just takes up space. You might end up having liquidation products that individuals do not need. One unfavorable outcome is that you might purchase a lot of products in bulk amounts which may take a while to sell.

One more concern is ensuring that you get good bargains when you find yourself buying closeout merchandise. This will make it easier to sell at prices that a large number of people will desire and purchase at.

But, I would stick with the liquidation products and stay away from close outs as a business - easier to manage.
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Clifford Woods is the owner of Rapid-Liquidations
We buy complete inventories of unwanted or discontinued consumer merchandise for cash and sell complete inventories of consumer merchandise at about 15 to 20% of retails prices!
If you are interested, we also have a complete, easy-to-follow manual on how to get started in this business yourself.

What is The Job of a Liquidator?

What is The Job of a Liquidator?

By Clifford Woods

For those who want to start their own liquidation business, you should know why liquidated products are sold at a low price and about the people selling them. A liquidator sells excess products or products that have to be repaired in some way.

Liquidators are able to get products from a wide assortment of sources which includes customer returns, slow-moving products, previous season’s designs, overstock, orders that have been canceled, and so on.

The liquidators’ primary market for these kinds of products is actually any person that is trying to find wholesale products to resell. Likely customers of a liquidation company may include auction website sellers, tiny thrift shop owners, Flea Market sellers, and businesses that export goods, etc.. Many liquidators will buy these kinds of products in big amounts and then resell to anybody wanting to purchase at below wholesale prices.

Needless to say, a liquidator's goal is to generate income so all products will be priced at the lowest possible price to that you get a deal and the liquidator makes money. Not every liquidator store they buy in a warehouse. Sometimes a liquidation business offers a particular inventory of products and when sold, ships the inventory directly from the manufacturer to the buyer.

What a Liquidator Does for Bankrupted Businesses
A liquidator is actually an educated accountant and an authorized liquidator who either works individually or through the court. In any event, it is their task to break down a company until it is no more. This means that they have to get rid of all the assets a company owned and pays off any outstanding debts and creditors. 

Liquidation takes place whenever a company cannot financially operate any longer and is considered bankrupt.

It may also be liquidated whenever all the company directors would like to end the company and stop trading, whether or not they are financially stable. Once the liquidator is designated, they have all the powers of a company director as well as the powers of a liquidator, which involves allowing them to perform legal actions the company directors cannot do. 

After a company goes into the liquidation, it is the primary aim of the liquidator to end it. They aren't like an official receiver that has the job of saving a company; instead the liquidator closes the business once and for all. 

The liquidator shuts down checking accounts that belong to the company, lays off all workers aside from crucial labor force required to aid in the liquidation process, which is especially important if the business is to carry on trading throughout the process.

About Creditors
The liquidator considers the statements of the secured creditors. Any funds raised are going to be paid to them before any other type of creditor.

On the other hand, if there is any money remaining after the secured, or favored, lenders have been compensated then the liquidator will disburse any leftover money among the unsecured creditors and investors evenly. Creditors might not get the entire amount of the initial debt they are owed, however they will get more than if the business did not liquidate. 

Completing the Liquidation
The liquidator will finish the process only after they have taken care of all the problems and debts the company had. Despite the fact that there isn't any time limit for the liquidation process, it is assumed that the liquidator will end it as soon as possible once all affairs have been dealt with.
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Clifford Woods is the owner of Rapid-Liquidations
We buy complete inventories of unwanted or discontinued consumer merchandise for cash and sell complete inventories of consumer merchandise at about 15 to 20% of retails prices!
If you are interested, we also have a complete, easy-to-follow manual on how to get started in this business yourself.

Things You Need to Know About Closeouts

By Cliff Woods

Closeouts are one way to get cheap products for your business. Particularly, the products that don’t sell during a closeout will be extremely cheap later on down the road. These are usually liquidated. Whenever a company produces goods in vast amounts and launches them into the marketplace, they end up being replaced by a brand new product at some point. Then the replaced items are sent to wholesale closeouts and liquidators.

There are many products that are somewhat damaged and can't be marketed as new and have to be sold at a large discount rate. If they were to market these slightly damaged items at retail shops, customers would surely bring them back for a replacement despite the fact that it is still an excellent product that still functions.

Store Returns 
Usually store returns are provided to wholesale closeout companies. After an item has been returned, the item is usually not placed back on the shelf again, but is instead stored. As time passes, these products gather and there is almost no room to store them, even in big establishments. The next course of action would be to get rid of all obsolete or damaged items, which includes the outdated ones talked about above. 

When this occurs, wholesale liquidations are the only option since they do not need to focus their time making money on retail store items and instead can concentrate on selling returned merchandise.

Closeouts as Advertising 
Stores have been known to promote closeouts in an auction-like manner in order to have traffic visiting their building. As a result, some visitors will discover new things that they may be considering purchasing. When in store liquidations are available you will see large amounts of people coming into the facility since the price is cut to motivate people to purchase.

Items that have already been on the shelves for too long are also a part of the closeout to clear the shelving for brand new merchandise.

How Often Do Closeouts Occur? 
A lot of companies have closeouts on a regular basis. A primary market that hosts a lot of closeouts is large furniture vendors and those who sell cars. Big name car dealers are known to have liquidations two times per year, one that takes place in fall and the other during spring in order to make room for new models. 

Closeouts are important because models that sit for too long are usually not worth holding on to and can be swapped out for something much better. This is particularly important with these difficult economic times since consumers would rather save as much as they can and only try to buy a car during one of these bi-annual closeouts. 

This same scenario also occurs for furniture sellers. Most furniture does not sell properly during wintertime, especially when it comes to patio furniture. For this reason the furniture company aims to have it cleared just before winter takes hold. This is done through wholesale closeouts and liquidations.If an item or set does not sell during the closeout then the company has to keep it through winter or liquidate it.

Holiday Sales 
Instead of saving merchandise until the next year, nearly every retailer in the United States also has post-holiday clearance sales, occasionally starting before the holiday season. Early discount rates are often close to 20%, however the discount can reach up to 60% which is common in stores who have a high retail price to begin with. There are stores that do pack-up holiday products after a week-long closeout and try to sell it again later, however they usually have a hard time trying to sell any items once the product price returns to normal after a closeout. 
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Cliff Woods is the owner of Rapid Liquidations
We buy complete inventories of unwanted or discontinued consumer merchandise for cash and sell complete inventories of consumer merchandise at about 15 to 20% of retails prices!
If you are interested, we also have a complete, easy-to-follow manual on how to get started in this business yourself.

The Different Types of Consumer Goods

By Cliff Woods

An item is recognized as a consumer good if it is a real product, which is anything you can feel, hear, smell, see, or taste. In some instances there are different viewpoints on whether or not some goods regarded as real or intangible. Consumer goods are the products that are sold in stores or online to fulfill the wants and needs of people; the end-user.

Consumer goods are available in a wide selection of products which can include:

• Electronic Devices
• Utensils
• Apparel
• Food
• Home Products
• Paper

Types of Consumer Goods
Below are the six main types of consumer goods and what they involve. You should know all about the goods you are buying and selling in order to succeed in the liquidation business.

Type #1: Staple Goods These are products that are purchased routinely, just about every time you go to the store. Bread, milk, and several personal care products can be considered staple goods.

Type #2: Convenience Items Products that are readily available to customers, without any effort by the consumer; such as assembling the product, are considered convenience products. Typically, convenience goods are available in the category of items like cigarettes, fast foods, and frozen dinners. The products are sold by wholesalers in order to make them available to the consumers in a larger quantities. 

Because of the high purchase quantity, cost for each item is usually low and consumers often see no use in further research since more effort means less savings for the sake of convenience. From the seller's viewpoint, the low selling price of convenience goods ensures that profit for each unit purchased is low. As a result, vendors will make an effort to spread these items in bulk throughout as many stores as they possibly can.

Type #3: Shopping Merchandise These include goods shoppers buy and take in on a less regular basis when compared with convenience items. People are ready to take more time finding these types of items considering they are fairly more costly compared to convenience items. Since people buy less often and are ready to shop around to find these items, the target audience is a lot smaller compared to that of convenience products. As a result, vendors frequently tend to be pickier when deciding on distribution shops to market their shopping merchandise.

Type #4: Unsought Goods and Services Services or goods, such as insurance, that can be found in the marketplace though are often ignored by customers are referred to as unsought goods or services. These kinds of goods and services are designed to sell to customers through the use of advertising with promotions like a purchase bonus such as discount rates offered only to Internet buyers. These marketing tactics often cause buyers to purchase impulsively.

Type #5: Impulse Goods Impulse goods are items a buyer looks for because something unexpected occurs; such a wife getting pregnant, as well as well-aimed advertising at those who tend to purchase products without any prior planning. Usually the decision to buy these good is based on convenience or pleasure.

Type #6: Specialized Goods These are items tend to have a high price compared to shopping and convenience goods. The length of time a specialized good can be used might take as long as shopping goods, however people are a lot more picky when it comes to specialized goods.
The truth is, most of the time customers know ahead of time which item they have a preference for and will not shop in order to compare, however they will look to find out which retailers sells that specific product at the lowest price.
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Cliff Woods is the owner of Rapid Liquidations.
We buy complete inventories of unwanted or discontinued consumer merchandise for cash and sell complete inventories of consumer merchandise at about 15 to 20% of retails prices!
If you are interested, we also have a complete, easy-to-follow manual on how to get started in this business yourself.

The Difference Between Wholesalers and Retailers

By Cliff Woods 

If you want to start your own liquidation business, you will have an advantage if you understand the jobs of all parties involved in the sale of a product. This is especially important since you will sometimes be dealing with wholesalers and retailers when you want to purchase their outdated products or merchandise on sale. 

Wholesalers and retailers are two essential middlemen when it comes to selling products.

Both wholesalers and retailers:

1. Work as an intermediary connection between the producers and the shoppers of products.
2. Focus on offering a broad variety of products and services for the buyers.
3. Minimize how much effort is necessary by the producer in distributing their product to consumers.
4. Significantly raise the effectiveness of trade which results in the decrease in total price of distribution of goods.
5. Supply the delivery of products to the customers at locations handy and available to them.
6. Offer after-sale solutions and handle customer complaints.
7. Provide advice about the goods to the buyers and relays the buyer feedback to the manufacturers as well.

Wholesaling is a small part of the total supply chain, which includes numerous providers such as vendors (the term vendors originally represented property vendors. However, today it means a supplier of any good or service), producers, and retailers. Retailers buy products from wholesalers, after which they sell the items at a higher price to cover expenses and generate income; to the end-user. 

What is a Wholesaler? A wholesaler is the middleman that works between the manufacturers and retailers. Wholesaler is the term for any person or company marketing goods in large amounts to customers besides the regular consumers; end-users. Therefore the producers who sell their products straight to retailers can also be considered to be wholesalers. The specific expertise and ability of wholesalers improves the performance of the products being sold. The wholesalers offer essential services and solve the issues of both the producers and the retailers. 

Several of the jobs of a wholesaler may include:

1. Execute marketing and sales campaign activities as well as hire professional sales associates for this exact purpose.
2. Set up orders for the item ahead of time based on the consumer's demand for the item. This makes it possible for the manufacturer to find out the exact quantity to produce so that no materials are wasted in the production process.
3. Keep the producers up-to-date on the alterations in consumers' practices, preferences, and trends.
4. Package various levels of products based on the quality and organize the goods into small groups for the retailers.
5. Work as the retailer's purchasing agent and helps to save them from the hassle of finding and building goods from various producers.

What is a Retailer?
Retailing is the term for all of the dealings which involve sale of products or services to the regular consumer. A retailer is a middleman that buys products from the wholesalers and then sells it to the shoppers; end-users. They are an important link in how products are sold since without them the consumers would have a much harder time locating goods and merchandise would not be able to be sold in far away locations. There is a stronger personal connection with the buyers when they deal with a retailer since they can focus on the different preferences and tastes of their target market. 

 Retailers are the final link in the "chain of distribution" and provide the final price tag of the product to the consumer. The retailers offer essential services and resolve the complications of the producers and wholesalers while at the same time managing the problems of the consumers. 

A few of the jobs of a retailer may include:

• Carry out storage function by maintaining goods.
• Provide outlets to wholesalers and producers.
• Organize products provided by the wholesalers and store them in hassle-free packages for the satisfaction of consumers.
• Keep customers educated about the shifting trends on the market like the various types of models in a specific product line.
• Predict the wants of consumers and appropriately put together products of different kinds.

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Cliff Woods is the owner of Rapid-Liquidations.
We buy complete inventories of unwanted or discontinued consumer merchandise for cash and sell complete inventories of consumer merchandise at about 15 to 20% of retails prices!
If you are interested, we also have a complete, easy-to-follow manual on how to get started in this business yourself.

The Basics of a Liquidation Business

The Basics of a Liquidation Business - Consumer Goods and Wholesalers

By Cliff Woods

The main purpose of doing any business, no matter if it's big or small, would be to earn money by selling for a price greater than the original purchase price, in addition to making up for any related expenses.

Among the list of profitable businesses is the investing in and selling of liquidated products. Having said that, to make money in this business, you need to be alert and be able to identify liquidation products that can be found at costs BELOW manufacturing costs in most cases! 

The success of liquidating stock as one approach to a business is not just determined by the type of liquidation goods you purchase, but also on your ability to take advantage of the demand that the liquidated products were not able to attract while on sale by the initial stock owner. There is a simple way to do this.

Additionally, it is crucial that you consider that not all liquidated inventory is the same. There are different qualities of liquidated stock, from completely new to broken beyond restoration. Be wise enough to avoid purchasing faulty or poor-quality products that could be hard to sell.

What are Liquidation Goods?
These types of goods mainly come from wholesale items that a store or business offers when it is closing down and needs to liquidate its stock or from manufacturing companies. Liquidation products might also be available from a person or company that has gone bankrupt. Or there may be excess stock, overstock, and end-of-line stock which can be sold as liquidation goods. 

You will find that there are businesses that actively look for liquidated products direct from merchants, bankruptcy intermediaries, auctioneers, and salvage companies. Their primary appeal is that liquidated stocks can be purchased by the truckload or container load and then sold in smaller lots at a profit. There might be a variety of intermediaries active in the liquidation process, though the exact amount is based on the volume of the liquidation stock.

The main parties involved in the liquidation of a business are generally wholesalers, however online sellers, retail shops, and market traders can play a role as well.

Liquidation Wholesalers
If you are going to get started in the business of investing in and selling liquidation products, one good move would be to browse the Internet for web pages that provide details about dependable and well-known liquidation bulk suppliers. Many of the reputable websites have a collection of a large number of reputable suppliers.

This database is consistently updated with prescreened, grouped suppliers so that it is simple to find the best supplier for you to purchase from. The number of products provided by these wholesalers consists of practically everything that is sold in stores, like jewelry, holiday merchandise, tools, bathroom supplies, pet items, hardware, home furnishings, and fashion accessories.

On the other hand, the wholesale stock is different every single day, so if one item can be found today, it may not be on the market the following day. For that reason, it is important to continue to keep going through the inventory list on websites as well as look for special bargains and new product lines. Liquidation wholesalers will usually not require you to purchase a complete pallet filled with a single product, therefore it is possible to buy small quantities of numerous products to sell.

Furthermore, unmatched bargains may also be found since the wholesaler will usually have purchased stocks at low costs and is looking to get rid of their stock as quickly as possible. Wholesalers are able to provide products to people who would like to purchase goods for reselling and can help businesses that need to sell their excess products quickly.
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Clifford Woods is the owner of Rapid-Liquidations. 
We buy complete inventories of unwanted or discontinued consumer merchandise for cash and sell complete inventories of consumer merchandise at about 15 to 20% of retails prices!

If you are interested, we also have a complete, easy-to-follow manual on how to get started in this business yourself.

Starting Your Own Liquidation Business

By Cliff Woods

It is easy to generate a good revenue by purchasing and marketing liquidation products, however in order to begin doing so, you need to be familiar with a few facts; discussed below.

How to Find Information About Wholesalers
By surfing around the web, you are able to find web sites which will provide you with information about wholesalers and the products that they have. It is very important that you find a good website to ensure that the wholesalers are reliable. When looking for the best goods to purchase, you should avoid returns since these types of products typically have problems, and thus, it may be hard to resell these items unless you fix them up first. 

Also, it may be possible to get liquidation products from smaller sized local shops at a fraction of the wholesaler’s cost. The most significant requirement is that the source needs to be genuine. This can be discovered by getting the contact information and checking them out. If there is no reply to the phone or if the address does not actually exist, then proceed with caution. If contact with the company is made, you should still request customer references and check on the company's client services.

What Items Should You Purchase? 
An important part of this business is the judgment regarding the products that should be purchased. Having chosen the supplier, you need to get regular updates on the kinds and amounts of products that you can get from that particular supplier.

Also, it is vital that you know the precise liquidation costs of the goods as well as all related costs, like shipping. It is usually a good idea to research the wholesale price and the retail store price to get a reasonable idea of the earnings you can possibly make from this deal. Setting up a deal for a product without the proper due diligence will not get you far in the liquidation business.

It is necessary that, in addition to the purchase cost, all the other costs are taken into consideration before you purchase anything, like any kind of repackaging, repairs, and cleaning you will have to do. The best advice is to purchase consumer ready good; products that can just simply be put on a shelf and sold.

Researching the Market
Apart from examining the different cost factors, it is also important that you find out the best selling price, the requirements, and the shipping expenses and to figure out which products you are likely to sell with the contacts you have or in the area you are operating. These factors will allow you to determine the predicted profit. An evaluation of the market trends will likely help in identifying the inexpensive, slow-moving products which may have a good probability of creating a good income.

You should do such studies to identify the things that people are looking to purchase since it would then be easier to get rid of the goods quickly. In addition, while determining what goods to buy, you should document what can be sold quickly in order to prevent products from stacking up and wasting space in your home or warehouse.

Liquidation Websites on the Internet
If you are prepared to work hard, research before you buy, and stay patient through the entire purchasing process, then online liquidation sites can provide you with a good opportunity to make some significant cash. If you are planning to profit from liquidation sites, you need to understand how the liquidation website works.

Most of the time, the site will auction off a lot of comparable items at a small fraction of the items’ standard prices. It is not unusual to find items being offered for less than thirty percent of their typical store price. 
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Cliff Woods is the owner of Rapid-Liquidations. 
We buy complete inventories of unwanted or discontinued consumer merchandise for cash and sell complete inventories of consumer merchandise at about 15 to 20% of retails prices! 

If you are interested, we also have a complete, easy-to-follow manual on how to get started in this business yourself.

More Basic Liquidation Terms to Know

More Basic Liquidation Terms to Know

By Clifford Woods

Below are some more terms that are commonly used in the liquidation business that you will surely come across.

Manufacturing Cost
This term stands for the overall costs of all the resources used in the creation of a product. The production cost is usually split into about three groups: manufacturing overhead, materials cost, and labor cost.

This is basically the cost to a manufacturing company of making a product consisting of direct materials, direct labor, and factory overhead; also called manufacturing expense.


Manufacturer's Suggested Retail Price: MSRP
The price that a product is to be sold for in the retail stores as suggested by the manufacturer that creates the product. MSRP doesn't always match what the store sells the item for or the price that buyers would like to pay for the item. Stores might need to set their price ranges lower than the MSRP in order to move stock, particularly for products with minimal demand or in a slow economy.

Retail
Retail is the word used to describe the sale of anything. It is the selling of products and services from people or organizations to the buyer. Retailers are a section of an integrated system referred to as the supply chain.

A merchant buys products in huge amounts from producers and manufacturers directly or from a wholesaler, after which they sell smaller amounts to the customer to make a profit. Basically the sale of something in general. Retail is the sale of goods and services from individuals or businesses to the end-user.

Bulk Purchasing
This particular term refers to the purchasing of a large amount of units. If more units are purchased, then the price per unit can be lowered to a negotiated price. Wholesale is essentially the selling of goods in large amounts at a reduced unit price to retail vendors.

The wholesaler typically sells at a slightly cheaper sales price per unit if the retailer agrees to buy a large amount of units so that the wholesaler can make some profit.
In a nut shell; the purchase of much larger quantities than the usual, for a unit price that is lower than the usual.

Creditor
A creditor is any person or firm that provides credit by lending another company or person borrowed money so long as it is repaid by a set date in the future. Creditors are typically labeled as either real or personal. 

Real lenders have authorized legal agreements with the debtor allowing the lender to take any of the debtor's possessions if they do not repay the loan. 
Personal creditors are simply your family or friends that lend you money.

Wholesale List
A wholesale list is an accumulation of data providing information for numerous wholesale businesses. Anybody can use a wholesale list instead of creating one from scratch.  This can save a lot of time as the producer of a wholesale list have already done this. A person planning to purchase computers from suppliers do not need to waste time and energy trying to find such companies since there already exists a wholesale list on that type of product already.

Estate Liquidation
An estate liquidation is just like an estate sale in that the primary purpose is to liquidate the property with an estate sale firm. In a liquidation, the items too valuable to be safely kept in the home are sold. The majority of liquidators that carry out the estate liquidation will charge a percentage of the total net profit for their services.
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Clifford Woods is the owner of Rapid-Liquidations.
If you are interested, we also have a complete, easy-to-follow manual on how to get started in this business yourself.

Some Basic Liquidation Terms to Know

Some Basic Liquidation Terms to Know 

By Clifford Woods

If you plan on starting your own liquidation business, you will come across many different terms that you may not have before. For this reason, described below are some of the most common terms used in the liquidation business.

Liquidation
Whenever a business or company goes bankrupt, its resources and goods are sold and the earnings pay the creditors. Any kind of leftovers are dispersed to investors. Creditors liquidate stocks in an attempt to obtain all of the money that are due to them. They usually have first claim to all the resources and items to be sold. Once creditors have been paid, the shareholders receive anything that is left. Preferred investors have priority over common investors. 

A liquidated product is one that is sold due to a new product line or excessive stock. These goods can be purchased for a lower cost and sold at your own price. Basically liquidation is getting rid of stock at below retail, wholesale or even manufacturing costs; for whatever reason.

Liquidator
A liquidator is a person or business that liquidates resources and products. More particularly, a liquidator is the term for an expert that is specifically designated to liquidate the assets of a business. The liquidator is allowed to act as the owner of the business for various functions and decisions.

Liquidators tend to be employed whenever a company goes broke. Among the primary tasks of most liquidators is to provide and defend against legal cases. Many other jobs include gathering unpaid receivables, settling financial debts, and carrying out all other termination processes. Also, a liquidator is anyone that sell stock at below retail, wholesale or even manufacturing costs; for whatever reason.

Manufacturing
When a manufacturer creates consumer goods for use or sale through the use of manual labor or machines. The term specifically refers to making something into a finished product using raw materials, especially on a large industrial scale.

Wholesaling
This term is used to describe a sale to people apart from normal in-store shoppers. Wholesaling typically involves the selling of goods to stores, bulk suppliers, and vendors as well as to commercial and industrial organizations. 

A wholesaler may work as a middleman, managing deals among various companies and industrial organizations. Wholesaling frequently takes place whenever a lot of products have to be re manufactured, organized, then repackaged and sent out in smaller sized groups.

Consumer Goods
These are merchandise that are bought for usage by the regular consumer. They are also known as "final goods" and what a customer might find on the store shelf. Foods, vehicles, home furnishings, clothing, and any other product you might find at a retail store are all considered consumer goods. 

Materials like copper are generally not referred to as consumer goods since they have to be changed into something else to become usable merchandise at a consumer level. These are basically goods that are bought by consumers and are not used to produce other goods.

Closeout
A closeout, typically known as a clearance, is the last selling of a product or merchandise to zero out a supply of goods. It might be a type of item which is not selling properly, is an old product line, or it may be a final sale due to the closure of a store as a result of bankruptcy or a move.

If the reason is due to a bankruptcy, then it is also called a liquidation sale. Essentially a sale of goods at low prices because a store wants to get rid of them.
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Clifford Woods is the owner of Rapid-Liquidations.
If you are interested, we also have a complete,
easy-to-follow manual on how to get started in this business yourself.