Items to Sell on Amazon (Liquidated inventory for Amazon merchants)
- 11 years ago
http://jordanmalik.com/blog/review-of-liquidation-gold-jessica-larrews-e-book/ - “Liquidation Gold” describes how to get liquidated inventory locally for reselling on Amazon. Jessica Larrew (the author)'s whole business model is now built around buying liquidation items, very inexpensively and in bulk, which she breaks up and sells on Amazon.
The book describes how to find liquidated inventory in stores, what types of products they carry and where to start. It explains that products change quite literally from week to week since they will be whatever the retail outlets want to get rid of, for whatever reason, at any given time. This may be because the invenotry is at the end of season, or is slow moving or may just be approaching the expiration date, which is often the case. When a store like Safeway has stock they want to dispose of they will sell it to a salvage dealer who in turn will break it into smaller packages and sell to the liquidation stores. Even so, the liquidation stores will buy by the pallet or even a truckload which means they are getting huge discounts.
Jessica explains that you should start by buying items with which you are familiar, so that you have some idea of the prices so you can sell them on Amazon for a proofit. If you have no idea about pet products, then leave them alone. Your first move should be to check for expiration dates, in particular in health, beauty and grocery items (which can also be resold on Amazon).
You can also buy by the pallet from the surplus dealers who sell their inventory to the liquidation stores so that you are getting the items for even less. However, when you buy a pallet it will often be a mixed lot and you may find that there is inventory which for one reason or another you cannot sell. If you can buy a pallet of all the same items then that is a different matter.
The book describes how to find liquidated inventory in stores, what types of products they carry and where to start. It explains that products change quite literally from week to week since they will be whatever the retail outlets want to get rid of, for whatever reason, at any given time. This may be because the invenotry is at the end of season, or is slow moving or may just be approaching the expiration date, which is often the case. When a store like Safeway has stock they want to dispose of they will sell it to a salvage dealer who in turn will break it into smaller packages and sell to the liquidation stores. Even so, the liquidation stores will buy by the pallet or even a truckload which means they are getting huge discounts.
Jessica explains that you should start by buying items with which you are familiar, so that you have some idea of the prices so you can sell them on Amazon for a proofit. If you have no idea about pet products, then leave them alone. Your first move should be to check for expiration dates, in particular in health, beauty and grocery items (which can also be resold on Amazon).
You can also buy by the pallet from the surplus dealers who sell their inventory to the liquidation stores so that you are getting the items for even less. However, when you buy a pallet it will often be a mixed lot and you may find that there is inventory which for one reason or another you cannot sell. If you can buy a pallet of all the same items then that is a different matter.