A GUIDE TO BUYING RETURNED AND EXCESS MERCHANDISE

What to look for when sourcing returned an excess merchandise.

(aka: how small store owners and resellers can bank on the busts of retailers and manufacturers)

Around $440 billion worth of merchandise is returned each year – a lot of which can’t go back on the shelves. But one retailer’s headache is another’s opportunity, and for online sellers, independent retailers and resellers, there has never been a better time to source returned and excess merchandise on the secondary market.

So, how do you navigate the secondary market to successfully sift through the bad and the ugly to get to the good? Here are some tips on what sellers should look out for when sourcing customer returns and excess merchandise:

 

It’s best to buy directly from the source

By purchasing directly from the retailer or manufacturer you can assume that there is no middleman involvement and no price mark up. Historically, it has been difficult for small to medium sized buyers to buy excess inventory directly from large retailers and manufacturers; however, today there are new, efficient systems that automate the manual work otherwise required for them to sell to larger buyer groups.  One such tool is an online auction marketplace platform. These marketplaces provide a level playing field for all buyers to compete for the inventory, and they enable a direct relationship with the source via a transparent platform. Because they eliminate all negotiation over price, it is just as easy to have thousands of buyers involved as it is to manually sell to just a handful.

 

Source online from reputable sellers

Independent retailers, online sellers and resellers can often source inventory more affordably and efficiently by tapping into online auction marketplaces that sell returned and excess merchandise. There are numerous benefits to sourcing this type of product online including: greater product availability, detailed product descriptions, bulk quantities at your fingertips, shipping options, and a quick sales cycle. The key is to make sure you are buying from a known brand: many top retailers like Wal-Mart, Target, Costco and Best Buy have their own liquidation marketplaces while others leverage multi-seller marketplaces like B-Stock Supply or Liquidation.com. In the case of multi-seller marketplaces, be sure to use one that has a seller rating system, so you know you are buying from a reputable seller.

 

Purchasing inventory via these online-auction liquidation marketplaces can be a great way to secure inventory at an affordable, in some cases rock-bottom price, ensuring a better profit margin for you.

Continue reading A GUIDE TO BUYING RETURNED AND EXCESS MERCHANDISE

DISCOUNT CODE - LIMIT TIME ONLY

Just passing along an opportunity to save!!!

Below is the email we received from Skip McGrath, if you are not familiar with his website, works or resources you should be.  Right now he is providing a special discount code for subscribers to his newsletter, we are happy to pass this along to you.  This […]

Batten down the hatches – Black Friday is coming!

Some are starting to smile while others cringe…here it comes again, Black Friday.

Referred to as the creme de la creme of buying and selling, and it’s only a week away.

Adobe’s Digital Index shows that last year’s Black Friday set the bar high, with consumers spending $2.4 billion online, an almost 24% increase from the prior year. This year, according to some estimates, that spend line is increasing even more. Especially with e-commerce continuing to grow in the double digits, something it has done for several years in a row now.

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Veterans Day: 5 ways to serve those who have served

On November 11, we honor the brave men and women who have given so much of themselves by serving our country, risking their lives to protect all our hard fought freedoms.

There are many ways to give back to these heroes, here are just 5 small ways to start.

1: Simply say THANK YOU. This may seem small but it can go a long way and touch the heart.

2: Head over to your local Veterans Hospital and visit those who are healing. Don’t worry about just stopping by, trust me the visit is well worth your time and they will appreciate the gesture.

3: Visit the American Legion website and learn about volunteering. They offer many ways for you to assist, they depend on volunteers to accomplish their mission of devotion to our fellow service members and veterans.

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International Orders - Good or Bad?

 

Processing International Orders – Use Caution

International fraud is a growing global phenomenon. The threat of fraud can come from anywhere in the world, and the proceeds of fraudulent transactions can be spirited away across borders, requiring lengthy, costly and complex processes to repatriate stolen funds.

There will always be those who take advantage of others. Businesses will never be free of fraudsters but they can take steps to avoid them. Here are a few good practice suggestions.

 

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What good is a deal if no one is taking advantage?

As business owners we do a lot to prepare for the Holiday Buying Season. Stocking up on the latest and hottest products, offering year end deals and specials…the list goes on and on. None of these things matter if you are not being found, without new buyers to purchase stock we are sunk. What good is a deal if no one is taking advantage?

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Black Friday is COMING on Thursday ?

For many shoppers Black Friday represents the absolute best opportunity to grab the season’s hottest deals.  The chaos and melee that ensues upon the doorstep of big box retailers each and every year is just par for the course, some might say they look forward to the battle within the isles.  Black Friday is something that truly lacks proper description and can only be experienced firsthand.  This year will be no different however this year’s Black Friday is going to start just a bit earlier.  I guess we could call this Grey Thursday?

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ASD Trade Show to Welcome Independent Retailer Conference to March 2014 Show

FOR IMMEDIATE RELEASE

 

 

ASD Trade Show to Welcome Independent Retailer Conference to March 2014 Show

Geneva, IL (September 3, 2013) – The nation’s largest consumer merchandise trade show, the ASD Show, will welcome the nation’s only conference dedicated entirely to independent retailers, the Independent Retailer Conference, to their March 16-19, 2013 show held in Las Vegas.

“We’re excited to bring expert education and trusted support uniquely for independent retailers to our upcoming show, providing the thousands of independent retailers who attend each ASD Show a valuable experience to help their stores further succeed,” explained ASD Show Marketing Director Camille Candella. Continue reading ASD Trade Show to Welcome Independent Retailer Conference to March 2014 Show

Facebook and YOUR Business

With the popularity of social media continuing to grow, businesses have cultivated new ways of communicating and connecting with their customers.  Do it right and enjoy instant feedback and benefits, do it wrong and you could be wasting lots of valuable time and effort.

So how do you know what’s right and wrong in this social media frenzy?  Following those who have already had success is a good way to start.  Here are some helpful tips to consider.

Firstly, get on Facebook and start checking out other businesses Fan Pages.  Visit businesses that are in your industry, check out their wall and take note of what you like and don’t like.  How many people have “liked” their page? How often do they post? What type of feedback if any are they receiving?   This is all good information to have but remember we’re not here to copy we are here to learn from their successes and avoid their failures.

Facebook Fan Pages are like gardens, if you don’t tend them often bad things happen.  If you are not reminding those why they have liked you in the first place they have no incentive to keep the connection.  It’s ok to stray from your core topic or purpose once in a while but do it too often and you are sure to see your likes decrease.  If your focus is on Harley Davidson maintenance and repair you can bet that is what people who have liked your page want to hear about.  Stay focused and give them what they came for!

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NIELSEN ACQUIRES SPORTS LICENSING & TAILGATE SHOW

FOR IMMEDIATE RELEASE

CONTACTS:

Elizabeth Wolf, elizabeth.wolf@nielsen.com, 646.654.5825

Liz Crawford, liz.crawford@nielsen.com, 949.226.5746

NIELSEN ACQUIRES SPORTS LICENSING & TAILGATE SHOW

AND TAILGATING INDUSTRY ASSOCIATION
NEW YORK, NY – January 2, 2013 – Nielsen Holdings N.V. (NYSE: NLSN), a leading global provider of information and insights into what consumers watch and buy, today announced it has acquired The Sports Licensing & Tailgate Show and the Tailgating Industry Association. The acquisition is effective immediately.

Under an agreement with Showproco, LLC, The Sports Licensing & Tailgate Show and Tailgating Industry Association will join Nielsen’s retail related exposition properties, including Outdoor Retailer Winter Market, Outdoor Retailer Summer Market, Interbike Expo, Health & Fitness Business Expo and the Independent Bicycle Dealer Summit. Nielsen’s Expositions business, which owns and operates successful business-to-business trade shows and other properties, also produces the ASD and Imprinted Sportswear shows. Continue reading NIELSEN ACQUIRES SPORTS LICENSING & TAILGATE SHOW

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