One of the key strengths to a successful business in this industry is to be creative with the merchandise.
With customer returned merchandise you will see all kinds of goods come through your warehouse, everything from Electronics, Housewares, Hardware, Toys, Furniture, Clothing, Patriotic items and more. Working with customer returns is more than knowing just your product niche; you also have to know how to sell products within a variety of quality conditions. A truckload of customer returns will not only include a mixture of products but also a variety of product conditions including; new, open box, scratch & dent, shelf-pulls, and damaged items. Getting creative is essential for moving not only the good products but also the less desirable products. A common challenge that many startups have is trying to make money by focusing only on the good items without a plan for the not so good items. It can be very challenging to move products that have missing pieces or have broken parts, but you have to remember there is a recovery value for everything. Continue reading Solving the Customer Returns Puzzle
FOR IMMEDIATE RELEASE
January 27, 2017
TigerTrade B2B Platform Is Revolutionizing Global Off-Price Commerce
Ripe For Disruption, $280 Billion Discount Trade Industry Is Experiencing A Major Shake-Up
NEW YORK, NY – TigerTrade sees opportunities in global demand for bargain hunting getting bigger and faster thanks to its cutting-edge approach to international off-price retail. This technology-focused firm launched a first-of-its-kind, business-to-business (B2B) off-price platform designed to improve the speed and efficiency with which companies can sell their excess inventory to international buyers in new markets such as China, United Arab Emirates and Mexico. As simple as signing up, bidding and completing a transaction, vetted businesses and retail brands can move excess inventory across the world within a few clicks. While globalization has accelerated business-to-consumer methods of purchase, changes in the B2B off-price industry have not seen much innovation or automation – until now.
Tanjila Islam, CEO of TigerTrade, and an International Trade and Global Sourcing adjunct professor at the Fashion Institute of Technology said, “Our mission is to be the trusted end-to-end marketplace for buying and selling wholesale closeout merchandise. We achieve this because we understand the needs of our buyers, we know our suppliers.” Islam continues, “There is a ton of supply and plenty of demand, but it is currently hard for buyers to locate international sellers.” Where she saw a market need, she also saw inefficiencies.
Continue reading $280 Billion Discount Trade Industry Is Experiencing A Major Shake-Up
FOR IMMEDIATE RELEASE:
California show tipped to be biggest and best yet!
Summary: The 10th Anniversary BIG Industry Show will take place at the Los Angeles Convention Center on January 19-20, 2017. This show will provide a unique forum for connecting investors and new businesses in the fields of smoke, glass, vaping and growing.
Having already conquered Las Vegas, Denver and Miami, the BIG Industry Show is heading to California for the first time in 2017 for its most spectacular event yet. The 10th anniversary show will take place at the Los Angeles Convention Center on January 19-20, 2017.
Presented by Buyers Industry Guide, the BIG Industry Show is one of the most hotly anticipated events each year for business professionals with an interest in the 420 industry. Delivered in partnership with the High Times Business Summit, the show will feature four events in one, with sections focused around smoke, glass, vaping and growing.
Continue reading 10th Anniversary BIG Industry Show to kickoff 2017 in style!
The legal dry herb market is forecasted to top $6 billion in 2016, and the growth potential of this new industry is expected to be very high for years to come as more states move to legalize the herbs both medically and recreationally. Obviously this is a very attractive industry to enter, but the introductory costs for starting farms and dispensaries are prohibitively expensive.
The good news for budding entrepreneurs is that with the growth of marijuana sales, many ancillary products and services will also see significant sales increases. There’s a common maxim taught to wanna-be business owners that goes like this: “You can mine for gold or you can sell pickaxes.” This saying alludes to the fact that some of the most successful businesses are built around offering tools or supplies for bigger industries.
Continue reading Vaporizers: The Pickaxe of the Medical Marijuana Market
We get asked quite a bit about products that sell well, usually by a supplier who wants to diversify their current inventory. If you haven’t considered Stun Guns you might be missing out on a great opportunity.
We live in a dangerous world, our loved ones cannot always be near us for protection. There […]
Reasons to Attend
No matter how small your retail business may be, the benefits of attending a trade show sponsored by vendors or industry associations far outweigh any reason not to attend. These conferences have been developed in order to give retail owners, buyers and managers the opportunity to meet existing suppliers, conduct business meetings, network with others in retail and investigate new products.
If you’re currently struggling to operate your business with few to no employees, chances are you may feel like you don’t have the time to attend a trade show. Consider hiring temporary help, asking family to assist or simply plan to close shop for a day in order to attend the trade show.
Once you’ve decided to attend the trade show, you’ll need to plan ahead. To get the most from attending a trade show, you should have a strategy. Knowing what you would like to accomplish before, during, and after the show will help maximize your time. Here are some trade show planning tips:
- Avoid the confusion at the show by pre-registering.
- Have a goal of what you want to accomplish, such as which vendors to visit, what items you need to purchase, what seminars to attend and which new product lines you’d like to see.
- Know your inventory needs before the show. More efficient purchasing will save you money by grouping your orders to take advantage of discounts and special offers, as well as keeping you within budget.
- Set appointments with any vendor you’d like to meet with during the show.
- Plan to bring any employees who would greatly benefit from attending the trade show. Continue reading Maximize Your Trade Show Time
We welcome you to be part of the CHAMPS East this May 24th-26st at the Atlantic City Convention Center. CHAMPS East provides an exceptional environment for retailer and distributor to meet manufacturer and wholesaler. The East Coast is a home to an array of cultures, the cities of skyscrapers. Shops on the […]