Wholesale buyers can maximise on profits and boost their inventory at very little cost by opening up their product search and checking ex-catalogue opportunities.
As we endure this prolonged period of economic lethargy new avenues appear and certain areas still provide opportunity for those that are willing to search for it. Over the past year or so one of these areas to experience more activity than normal is that of the liquidation and clearance sector.
With increasing amounts of businesses and retail chains dissolving or clearing their stock over the past few years there has been an abundance of very keenly priced liquidation merchandise available for the savvy trader to profit from. Although there has been an increase in all types of products being available from this type of trader there has still been, even on competitive auction sites such as eBay, very healthy mark-ups of over 300% to be made on re-sale. The problem in many cases, has not been the profit margin, but finding a reliable liquidator to source from.
It was very sad to hear of the demise of Woolworths in the lead up to Christmas. A business started way back in 1909 it’s amazing to think that a retail behemoth such as Woolworths could be so susceptible to the economic downturn. The truth is that Woolworths were struggling long before they were forced into liquidation as amongst the ever-growing power of the supermarkets they found it difficult to maintain their niche. Although a very sad sequence of events and certainly sad for all those long-standing employees now left without jobs this situation does represent an opportunity for the smaller trader. It’s in economic troughs such as these that having minimal overheads with a high level of flexibility can really work to the small business’ advantage.
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