How to make money as a liquidator

How to Make Money As a Liquidator | eHow

Running a business is hard enough, and keeping costs low is key to turning profits and staying afloat. One great way to launch a new business is to buy liquidation goods at bargain basement prices that you can resell for a profit. Thankfully, there are lots of opportunities to find other businesses who are looking to cash out and unload inventory at pennies on the dollar. First, check out the Internet for websites that will lead you to reputable liquidation wholesalers.

Are there complaints against the vendor?

Does the merchant have references? Decide what types of goods you plan to buy. Just as important, know how much you plan to buy; depending on your supplier, you may be able to buy as little as one case or may be required to buy dozens of entire pallets.

And, once you take delivery, where will you store it? Why are they liquidating? Are you buying from them directly, or working through a receiver? It is typical to work with a receiver who deals with large quantities of liquidated goods. Where do you plan to sell it?

And for how much? Figure up the total cost to determine the amount of profit you expect to make.

Make sure that the goods you are buying have a ready market that you can turn quickly. Also, inspect what you plan to buy so that you know the quality of the merchandise; make sure the quality is decent and corresponds to the price you plan to charge. This is especially important with electronics and flat-packed furniture, which have high return rates. Buying low and selling high is at the core of any successful business.

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Liquidator (law) - Wikipedia

Updated March 05, Find Liquidation Wholesalers First, check out the Internet for websites that will lead you to reputable liquidation wholesalers.

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