Liquidating merchandise

04 Mar

And don’t wait for customers to come in to take advantage of the special offer: Market your end-of-season sale heavily on your business’ website, Facebook page, email newsletters, and other marketing vehicles. Smart shoppers have become trained to flock to the clearance racks at the back of the store, so be sure to build a large display to showcase all of your discounted merchandise.You may also want to place a number of “bargain bins” throughout the store, so you’ll be able to pick up some impulse buyers as well.This document/information does not constitute, and should not be considered a substitute for, legal or financial advice.Each financial situation is different, the advice provided is intended to be general.Or you could buy 100 total units of mixed accessories such as headbands, barrettes, bracelets, rings and more.A closeout dealer will be able to identify a lot of what each bulk, assorted buy has to offer – but there will always be a bit of a surprise when buying closeouts. For others, this may be where they get stuck in the buying process.

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But the percentage is much less – often less than 5%, though as high as 10% has been reported from retailers we’ve spoke with.

If you’re using a set price, be sure to research what other sellers are charging for the same product: Online marketplaces offer access to a broad network of customers, but have much heavier competition than selling locally.

It can take some time to market your products online, so consider asking an assistant or intern to photograph the items and list them on your sites of choice.

If you don’t want to do the work in-house, consider using an online auction service company to handle your sales; however, you’re likely to lose a substantial amount in commission fees.

Sell your excess merchandise to a liquidation company.