Auctions are a great way of sourcing cheap products. If you are looking for a bargain for your wholesale business, auctions are definitely a good place to start.
Visiting an auction is a great way of boosting your wholesale business as you can usually find products at cheap prices. Auctions happen all over the country and involve a variety of products – car auctions and police auctions are extremely popular because of the low selling prices. Follow our tips below to ensure you maximise your time at an auction and to secure some bargains!
Police auctions are often overlooked as a source of wholesale products. They can be unpredictable and searching for products can be strenuous but they are a great source of cheap products and can help to boost profit margins. But purchasing at these auctions does require skill and patience.
Police auctions are an often over-looked source for cheap products that are ideal for re-sale in today’s modern marketplaces such as eBay. A whole range of products, new and used, are available at a fraction of the market value from cut price mountain bikes to brand new mobile phones there’s a police auction bargain waiting for every kind of trader.
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.
With the costs of motoring soaring and the ever pressing environmental pressure to make our lives greener and cleaner there has been a real influx over the past year or so in the bicycle sector. The government have improved cycle paths throughout the country and most city councils are now running incentive schemes to encourage people to cycle into work. This has seen steady growth in sales of new and used mountain bikes and bicycles in general especially in the warmer months where this lovely weather we’ve been having really makes you want to get out and get active.
It is in the bike sector that we here at Wholesale Scout have focussed our attention for June’s Case Study.
Times are tough for nigh on everyone at the minute. Trying to encourage customers to buy your products, at times, feels like trying to get blood from a stone and all your competitors are dropping their prices like crazy. Well as the cliché goes – it’s all swings and roundabouts. There are upsides to the dark economic times, as a car buyer there’s never been a better time to pick up a new motor. Sales for the car trades have been dramatically hit which has resulted in a market flooded with new unsold cars.
Read about the horrific launch of Heathrow’s new Terminal 5? Designed to ease congestion and queuing in the World’s busiest airport the launch of Terminal 5 was nothing short of disastrous for British Airways (the only airline using the terminal) and its’ passengers. It seems that organisation was the main downfall with thousands of bags going missing within the first week of the terminal launch. Many of these bags went unclaimed, the original owners having not come forward to claim their lost possessions – ultimately this opens an opportunity for the motivated and savvy re-seller.
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