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Hot off the press Retailers Trends Wholesale

Increasing Profit within the Secondary Market

Every year over half a million businesses are created in the United States.  Approximately one third of these start-ups are retail businesses.  A large portion of these businesses will focus on the “Secondary Market”. This marketplace offers great advantages and high rewards but you need to be well prepared.  Finding the right supplier to source products from is critical.

Secondary Market products consist of Closeouts, Surplus Goods, Customer Returns, Liquidated Items, and any product that is not sold after its initial manufacture. Many companies specialize in secondary market purchases and reselling.  Resellers might experience some level of unsellable merchandise in these types of wholesale orders but not always.  Retailers will be hard pressed to find a cheaper source of merchandise than secondary market items and these products can be a great way to turn a profit.

Working within the Secondary Market is more than knowing just your product niche; you also have to know how to sell products with a variety of quality conditions.  Getting creative is essential for moving not only the good products but also the less desirable ones.  A good strategy is to start small by purchasing a few pallets and working your way up to buying full truckloads.  If buying smaller loads is an obstacle, you might need to consider your source. Remember, where you get your products is just as important as what you get, especially when sourcing surplus goods.

To gain additional insight into this industry we spoke with Michael Lawrence of DirectLiquidation.com.  His company represents one of the fastest growing marketplaces for Surplus Merchandise.  

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Books Holiday News Wholesale

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 is a limited time offer so please see his information below !!!

We are getting close to our cut-off date and wanted to remind you about our Christmas discount on my books at Skipmcgrath.com.

Through December 31st, I’m offering $20 off most of my products! (Products costing less than $20 are excluded from this offer). Just use the coupon code SAV20SKIP.

You’ll use this coupon code on the checkout page. After you enter the coupon be sure and click the button that says APPLY, or it will not do the discount. Also, my shopping cart cannot apply a coupon discount to more than one book at a time, so if you wish to buy more than one book, be sure and do each of them as a separate transaction.

Cheers,

Skip McGrath

We are real people who answer our email and phone calls. Our business hours are M-F from 8AM-5PM and Sat. from 9AM-Noon. (We are in the Pacific Time Zone.)

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BTW Business E-commerce Ebay fraud Hot off the press How To's Retailers Trends Wholesale

Diary of an EBay Non-Believer

Recently we received this interesting account from a first time seller to EBay.

As many of our users have experience with EBay we thought this may be of interest to you. Here it is. (We have not edited this)

Diary of an EBay Non-Believer

“I have a car for sale, I will sell it on EBay I thought. I logged onto my EBay account of which up until now had been used for only for 10 total purchases. These purchases were spread out over the last ten years. I have 100% positive feedback from the sellers I have purchased from. This would be my very first time attempting to sell an item, well in this case a car. I followed the listing process quite easily and placed the vehicle into an auction as well as a classified ad. I decided to buy several of the upgraded features as well to enhance my listing. I went with the bolded text and colored background. My item was featured so buyers would see it first. Prior to placing the ads I researched the vehicles value; I based this on several factors including similar make/models for sale on EBay as well as the blue book value. My asking price was reasonable…or so I thought.

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Business E-commerce Featured Wholesalers Holiday News Hot off the press How To's Retailers Trends Uncategorized Wholesale

NEW !! “Source with Confidence” badge.

When buyers are your life blood it makes sense to listen very carefully when they speak. We do!

GetThatWholesale is proud to announce a brand new tool for our buyers to use.

We call it the “Source with Confidence” badge and buyers will find this new tool very useful. Over the years buyers have provided us feedback related to our directory and of course the suppliers within it. One consistent and common concern has always been the need to connect with only qualified wholesale suppliers. GetThatWholesale has always considered this a top priority and we are finishing out 2010 by taking this consideration one step further. We have implemented the “Source with Confidence” badge for suppliers that meet a higher standard of buyer sourcing safety.