Not every liquidation load from a good supplier will be great. Potential Profit and Potential Loss are two sides of the same coin. Don’t expect the liquidator to take the loss for your poor research practices.Ħ. Remember this, and conduct your business with this in mind, and you will make fewer buying mistakes. If the liquidation deals are “so great” that the suppliers want you to sign without reading – Walk away.ĥ. They are not for your benefit (in most cases). The contracts that you didn’t create are not for your protection. It’s the things you agree to but didn’t read that can come back to bite you. In the liquidation business, you need the suppliers more than they need you.Ĥ. Your reputation in dealing with liquidators will precede you, so manage your reputation with care. Your Reputation is CRITICAL to your success. They are getting the merchandise cheaper than you and can beat you on price. Even if they don’t pull all of the best items for themselves, you don’t want to go into competition with your supplier. If they are also selling on eBay, Amazon, etc., chances are they are pulling the best merchandise and retailing it there, selling the remaining items as liquidation. Determine if the liquidator is also selling through retail channels. Shipping pallets or truckloads of liquidation merchandise is not cheap.Ģ. The closer you are to the origination location, the less you will have to pay to transport the goods. You, as the buyer, are paying the freight charges to have the inventory delivered to you (even if the seller tells you they are paying for shipping). It can be very challenging for the inexperienced, so here are a few tips to help you get started.ġ. Liquidation is a category of merchandise that can be very profitable to the reseller.
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