Instant Buy Surplus Strategies Anyone Can Use
by: surplus2profits
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Word Count: 481
closeout products. You are expecting to find it filled with high
demand, top name brand products. You see dollar signs as you
look through all th products. It's always fun to find all those
treasures. Even better is getting to play with them. Before you sell
them you have to test them anyway, right?
Whenever I purchased a load, I would always go over the
manifest, and do some calculations. I would figure up what I would
need to do to get the profit I was looking for. When the load came
in, the first thing I would do is pull out all of those high price items
like digital cameras and camcorder's. It's a real high to see all the
boxes of high dollar merchandise. It's also real low to find those
boxes are full of broken items, or worse yet, just a box full of the
accessories only!
That hurts!
This is the sad truth of surplus goods and the salvage dealers. This
is the reason that it is so important to:
1. Make sure you calculate the costs
2. Figure out what your return on investment needs to be
3. Know what type of product you are getting and remember to
account for defected percentage prior to purchasing...
4. Have a plan for the defective products.
Ask your salvage dealer before you buy to see what you can
expect as far as defective percentages. There are many key
questions you need to askbeofre you buy surplus, but this is one
thing you really need to know.
Most people who purchase surplus products do not know that
most of the items they are buying are returns, recalls or products
damaged by the customer or the store itself. Sometimes it can
even be damaged during the shipping process. Some people buy
liquidation closeouts or surplus supplies without knowing this vital
information before hand! This can really end up costing you. I
could tell you many stories of people who are so excited to tell me
about the great deal they found at a salvage dealers shop or a
salvage auction. They thought they had found closeout
merchandise that would make them a ton of money! But, their
excitement quickly turns to discouragement when they realize that
they actually purchased a bunch of "junk" products that were
defective!
Don't let this happen to you! The bottom line is this:
1. Understand what type of products you are purchasing.
2. Know your investment costs.
3. Remember to allocate for the defective percentage, and have a
plan to move it.
4. Keep your expectations realistic. Remember things are never as
good as they seem and are seldom as bad as they seem.
If you are really serious about starting a surplus business, don't
waste your money making costly mistakes! Ask questions, do the
research and be successful!
Article Source: http://www.ArticleStreet.com/profile/surplus2profits-16604.html
About the Author
Meg Ryan is chief executive of Surplus 2 Profits and shares the wealth of industry knowledge and experience of S2P on HOW and WHERE to buy bulk wholesale, surplus and liquidation merchandise for pennies on the dollar to resell for maximum profit! Learn how and where to buy to resell without getting burnt and losing a wad of cash! 4 part email course and newsletter at Buy Wholesale
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