Sunday, November 27, 2011

Start a Surplus, Liquidation and Closeout Business

Start a Surplus, Liquidation and Closeout Business


Surplus inventory business opportunity is so large it could be almost anything. Husband and wife team could even sell different surplus or liquidation merchandise. We can point you in the right direction but the one thing we can not do is give you the desire and motivation. It is critical for that reason to pick an area to specialize in that is interesting to you. Start small part time selling on eBay and grow at your own pace. Do not quit your job. eBay solves the number one reason for business failure lack of customers or sales.

When you are ready to make tour first purchase visit the facility and personally inspect the merchandise before purchasing anything. Also start with no larger than a pallet on your first purchase. NEVER purchase a truck load on your first several purchases. Salvage is another name for junk you will not be in business long if you do not inspect your loads prior to buying. Always ask what percentage of the load is throw away. Do Not buy blind purchases

Start buy taking merchandise to flea markets to keep the inventory turning and cash flow moving it will also help pay the bills when first starting out. Inventory that couldn't be sold should be taken to local auctions for disposition, merchandise sitting on shelves is taking up valuable space that could be better used on new inventory that will sell.

Stay extremely focused don't get side tracked into non money making time consuming projects, keep it simple. Finding liquidation merchandise is the easy part. Developing buyers for the merchandise will consume most of your time.

So who are the primary buyers of surplus, liquidation and closeout merchandise? They are independent retail stores with fewer than 5 locations. They will need small minimum order requirements that large manufacturers will not want to deal with. Never forget this is your niche market focus on it.




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