February 25, by Andrew Minalto 50 Comments. On my blog and training courses , I mostly talk about brand new stock sourced from wholesalers or imported from China. But what about liquidation and clearance stock? Can you make money by buying and re-selling such stock on eBay? There are various types of stock that I would put in these categories:.

While liquidation, clearance and overstock goods are usually brand new and come in original packaging, customer returns are generally classed as used goods and can come in various conditions:.

Many companies will use their own grading system, for example Grade A stock, Grade B stock etc. While many smaller companies may deal with such stock by themselves, e. They all basically mean the same thing — these companies buy truckloads of stock from high street retailers and catalogue companies and re-sell them in smaller lots or pallets to eBay, market sellers and even the general public.

You can find many more such companies in this free trade directory. Some companies have their own clearance departments, like Argos with its popular Argos Clearance auctions:. What they do is allow companies to list their clearance stock as auctions or buy it now listings.

Buyers can then bid on auctions or buy stock directly from these BIN listings. Another place where you can find various deals for clearance stock is The Trader magazine. So finding items is really not the problem — there are so many companies dealing with this type of stock that you always have plenty of fresh offers to choose from.

Sourcing Products from Liquidation Companies

The biggest problem is finding the BEST stock that can be re-sold for the BEST prices on eBay! Most clearance stock sellers are very smart and often take advantage of uneducated, newbie eBay sellers. Very often these are un-tested customer returns basically faulty goods with inflated RRPs. So the first thing you want to master is how to separate good stock from bad stock.

I would recommend staying away from any un-tested goods , especially if electronics are involved. By real prices I mean prices these products are currently selling for on eBay or Amazon. The RRPs they usually use are inflated, outdated and simply do not reflect a real life situation.

So what you do is take a product and do some basic Terapeak research to find out what kind of price you can re-sell it for. When buying MIXED pallets pallets with various goods , make sure ALL GOODS are clearly listed so you know exactly what you will receive.

You want to know the exact brand and model for EACH product in the pallet! That is unless you want to gamble. Most wholesale clearance companies will have good deals in place with shipping companies and will offer you delivery of pallets to your door, at added cost. Just make sure you add delivery costs when you do your calculations.

Alternatively, in most cases you can arrange your own delivery or even pick up goods from the warehouse on your own. So, to get the full picture of potential profits, you create a simple spreadsheet that will have information about:.

You can and SHOULD make these calculations BEFORE you order any goods!

What kind of profit can you make? Totally depends on what you can buy from these wholesale clearance companies. If the price is very good, you can of course deal with such goods too as with a low price on eBay, it will be very easy to sell them off. Ideally, you should be a Top Rated Seller on eBay to deal with clearance stock, as TRS status will give you an advantage in search results over your competition. Besides TRS, there are a few other important things you want to keep in mind when re-selling clearance stock on eBay:.

In cases like these, you can still use auctions, auctions with a reserve price not recommended or auctions with a starting price that is close to or the same as your target selling price. Risks are relatively low AS LONG as you stick with the general guidelines covered in this post and use common sense.

Never buy un-listed stock in an unknown condition. Always do calculations of costs and potential profit BEFORE you buy any stock. Alternatively, you can also start a profitable eBay business with used goods! This in essence is a very similar concept to clearance stock and in my opinion actually gives a far better return on investment. Your email address will not be published.

Where to purchase bankrupt/liquidation stock? | The Wholesale Forums

March 10, at 5: March 13, at 7: January 20, at 7: What is your overall experience and have you purchased from blueribboncloseouts. I am planning on buying pallets from them, firt time i do this.

January 23, at 7: January 2, at Hi Andrew How do you import from china Just no idea where or what to start with Kind regards Roger Clayton. October 6, at 3: I did some temporary work recently and part of my job was to sort through the old stock to be thrown out into categories: Some of this stock was brand new and perfectly fine so it seemed a shame to throw it straight in the bin. What are the legal implications of selling these on eBay? I should stress none of this is faulty stock, it is packaged and was simply part of larger kits which contained obsolete parts which I did not recover.

October 7, at 8: September 29, at 7: You mention liquidation stock but i dont seem to be able to find any in the links. I also cant find pallets such as what you have mentioned, with full descriptions and tested. September 30, at 7: September 30, at 5: I have found clearance stock but cant find any liquidation stock or it all seems to be clearance goods. I think this is an amazing guide and I am going to put it into practice, I appreciate all the help that -you are offering.

I am trying to hit the ground with all the relevant information I can to ensure the longevity of a business in this arena. August 13, at 3: Hi, do you have any recommendations of who to sell ex sample bridesmaid dresses to?

August 15, at 7: July 27, at 9: When you mention about providing 30 day warranty, is that additional to the 14 days? To become a top seller I believe you have to provide 30 days returns, but would you then also allow an additional 30 days? Also how would you word it? Would I actually be supplying a warranty or a guarantee? July 28, at 7: So basically now you ether offer standard 30 day returns or can expand that. June 20, at 4: June 20, at 6: April 8, at I have a lot of surplus books from the closure of my publishing company.

Some titles are still in the cartons from the printers but others have been unpacked but can be repacked in varying quantities. April 8, at 4: Some of the titles are worldwide million sellers! Take pity on my back though. Perhaps I should take a new website with a catchy name to draw attention, Any suggestions??

April 11, at 6: March 15, at 5: March 16, at 4: January 10, at I have been thinking ob setting up an online selling account thank you for your advice and it has been easy to. January 11, at 5: July 10, at 3: I need to clear some stock and I am already using some clearance website.

Is there any other way I can sale it out quickly? I would love to use ebay but my ebay account is already selling restricted. All suggestions will be more than welcome.

July 10, at 5: July 12, at 6: July 12, at 7: March 23, at 1: I am about to open an Ebay shop. Since I own a Terapeak yearly subscription, I believe selling used goods is doable. March 23, at 7: January 3, at 6: Love this post really as made my mind up that am going to do this as full time career starting within the next few weeks.

After spending hours of looking websites and pallets I have decided I am going to buy to audio and kitchen appliances. The Reason I have picked audio and kitchen appliances is because nearly every household as them as they are products that you need, not want.

What happens to the shares of a company that has been liquidated? | Investopedia

Most house will have a washing machine,fridge freezer and cooker. There is more then eBay to sell your products…. I have found over the last few years that Facebook and gumtree are very strong sales platforms and also with facebook and gumtree you can target people that are local. January 3, at 8: January 12, at Started with small kitchen appliances on this pallet as I think there more eBay and amazon sell able because of postage.

January 13, at 6: February 19, at April 27, at To be honest the first pallet was awful with things missing and what looked like a lot of damaged caused in transit. After selling the few rare gems I picked out the pallet I managed to just about break even.. I gave it break but now am going at it again with a bigger budget and with a better supplier of stock..

I only ended up buying the one pallet but this time round with the supplier i am using i can buy single units or bulk units of things. June 2, at Thanks for the update — yes postage is a bit of a killer, after a year or so I managed to get myself in with UK Mail for cheaper delivery, need the volume though.

Only way to get the volume is to drop price, postage savings now eroded due to price drops……. Means more logistics work for you, but easier to make the money. November 2, at 1: After buying from a liquidator, how does one keep eBay from suspending your account do to selling branded material. It is my impression that a liquidator is considered a distributor of the branded product and can legally be sold on eBay Thanks David.

November 2, at 3: March 11, at 2: It puzzles me as to why the advice is to stay away from returns pallets. The pallets seems to sell very well and not many people pop up on the forums complaining of being ripped off, or not making their money back.

March 11, at 3: But not all clearance companies are bad or sell junk — I have never said that. Same Marthill for example — they have everything graded and grades are clearly explained before you purchase stock.

Other companies on the other hand just sell stock without explaining grades and market them in a way that essentially misleads buyers thinking that they are getting a very good deal. April 10, at Six weeks and three pallets later……………. Yes I gave it a try, and the results are interesting. Stock wise, the pallets I purchased were generally good quality, although I do feel the wholesale companies are a little cheeky to say the least with descriptive license.

Some products are just not repairable and end up being scrap. Some have small parts missing, and those parts are not available….. Selling these items was easy, they almost sell themselves. Drop in the man hours as you pointed out, to photograph and list each individual item. Also, a hidden cost here is packaging materials, and packaging time, as most items require extra padding for courier delivery, and the positives are starting to erode.

Would I do it this way again? No, there is too much time involved, and not enough margin. Plus the liability of any items that fail at the hands of their new owner.

What happens to the stock of a public company that goes bankrupt?

On the positive side, the experience has given me a niche to work in, and I have started using wholesalers, specific to my niche, so I have a higher profit margin, always have a source of stock, and a good warranty back up service. I thought I would post my recent experience as it backs up most of what you said, and adds my own perspective.

April 10, at 1: February 28, at 8: February 28, at I have heard only good things about your company, so happy to recommend whenever I get a chance! November 3, at Hi Andrew, can I request a edit on your page?

We have for the past year opened our website up to other wholesalers and sellers to sell there stock on our website, its now more a Platform than a place for us to sell our own stock. We have over sellers signed , its free to signup and sell no commission is taken from the sellers money, they get every penny they ask for for there stock.

Also we are now running monthly auctions to liquidate stock. February 27, at 7: February 27, at Serial online entrepreneur, eBay PowerSeller, business coach and active TWF community member! Created UK's Best Selling eBay video course - Easy Auction Business as well as several other video courses and personal coaching programs.

There are various types of stock that I would put in these categories: Usually, these goods are brand new can be off shelf, with price tags attached. Again, this is usually brand new stock, in original packaging and can come with or without price tags, depending on the stock type and whether it was displayed in a retail shop or stored in a warehouse. While liquidation, clearance and overstock goods are usually brand new and come in original packaging, customer returns are generally classed as used goods and can come in various conditions: This means that the return has been tested and the item is in working condition.

Boxes will most likely be opened and have some signs of use. This means that product is still in its original, un-opened packaging. Sometimes boxes themselves can have some slight signs of wear like scratches etc. Where to buy such liquidation, clearance and customer return stock? Some companies have their own clearance departments, like Argos with its popular Argos Clearance auctions: Here are some popular platforms in the UK, USA and Europe: How to buy clearance stock for resale on eBay!

In my opinion good stock is ONLY: Tested, working goods that can be re-sold as used; Un-opened, brand new goods in original packaging.

With this type of stock you can make calculated decisions based on buying and selling prices.

Delivery Most wholesale clearance companies will have good deals in place with shipping companies and will offer you delivery of pallets to your door, at added cost. So, to get the full picture of potential profits, you create a simple spreadsheet that will have information about: Selling on eBay Ideally, you should be a Top Rated Seller on eBay to deal with clearance stock, as TRS status will give you an advantage in search results over your competition.

Besides TRS, there are a few other important things you want to keep in mind when re-selling clearance stock on eBay: Create an outstanding listing. Check out my eBay listings anatomy guide here and my listing formatting tips here to learn how to create fantastic looking listings that increase sales in no time. Take good product pictures. This is actually more important with used goods than it is with new goods. When people buy something brand new, they expect perfect condition, as it should be.

When someone buys a used item, its condition is a HUGE factor in the buying decision process. Help your customers and ease their worries by having multiple, high quality images that show off the product in various angles, including a few close-up pictures. Check out my Product Photography tutorials for more tips. Make an image and clearly describe any defects the product has.

This is in addition to the day returns policy. Conclusions Can you make this work? You bet you can! There are some problems with this concept: Leave a Reply Cancel reply Your email address will not be published. Click here to Leave a Comment. Hi Roger, Please start with this guide: Hello Andy, I did some temporary work recently and part of my job was to sort through the old stock to be thrown out into categories: So you can definitely do that. Hi Andy, You mention liquidation stock but i dont seem to be able to find any in the links.

Could you please advise. Hi Steve, Sorry, what you mean? All the companies I mention, give links sell clearance stock. I have found clearance stock but cant find any liquidation stock or it all seems to be clearance goods I think this is an amazing guide and I am going to put it into practice, I appreciate all the help that -you are offering.

Hi Cheryl, You could sell them off on eBay. Hi Andrew, When you mention about providing 30 day warranty, is that additional to the 14 days? Hi Nathan, Yes, as of today, 30 day returns are mandatory not at time of writing this. What is the best way to bulk sell these, they were listed on Amazon but not ebay. Same Amazon is really best for book sales. Can you please suggest…? Hi I have been thinking ob setting up an online selling account thank you for your advice and it has been easy to.

Hello Andy, I need to clear some stock and I am already using some clearance website. Of course, after completing research. And using SAT in all my listings of course! Thanks so much, and will keep you posted as well. Great to hear that Jason, keep us posted on your progress! Great to hear that Jason! Keep us posted on your progress. How is the selling going Jason? Be good to have an update. Hi Scott, To be honest the first pallet was awful with things missing and what looked like a lot of damaged caused in transit.

Hi Jason, Thanks for the update — yes postage is a bit of a killer, after a year or so I managed to get myself in with UK Mail for cheaper delivery, need the volume though. Best of luck with your new supplier, Scott. Also, clearance lines of brand new items is totally ok to deal with and carry very small risk. I have my money back, with stock still to sell, my profit margin if you like. Thanks for a great site, and great ideas… Scott.

Many Thanks for sharing your experience Scott! Hi Karl, Thanks for that! Hi Karl, Get in touch with me via help desk and maybe we can do a new post about your platform. Most Popular Posts 1. BEST Products to sell on eBay!

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