The Closeout Industry

The Closeout Industry


Latest Episodes

How to Purchase Retail Catalog Overstocks
September 13, 2009

Catalog retailers liquidate millions of dollars of unsold merchandise every year. You can purchase this inventory at incredible pricing, but you must be willing to negotiate and take large quantities of merchandise. In this audio post I will share my firs

Goldmine Discovered Reselling Salvage Food
September 06, 2009

Similar in concept to the day old bread stores, salvage dented can stores are opening up nationwide offering incredible deals on the same name brand food items that we are all used to buying [at full price] from the dreaded big box grocery stores. Lower f

Join Our Dropship Club- No Thanks
September 04, 2009

There is something backwards about this idea of charging someone to sell your inventory. Of course I am talking about excessive dropshipping fees and membership kits that a supplier might force you to buy if you want the privilege of selling their stock.

Delabeling and Reselling Agreements
August 24, 2009

It takes more than cash to purchase liquidation merchandise. You must agree to the original departments stores’ purchase agreement. This agreement will vary from store to store and you better read and fully understand the agreement you are about to

Reselling Insurance Salvaged Merchandise
August 23, 2009

Have you considered purchasing insurance salvage merchandise? This is inventory that has been involved in some type of insurance claim where a policy holder has been indemnified for a loss. Probably the most recognizable type of insurance salvage would be

Entrepreneurial Success from Dorm Room to Board Room
August 20, 2009

Dropshipping is not a viable choice for a retail startup…or is it? All too often the spotlight shines upon those who are constantly in the media; we all know success stories fill the shelves at our local Barnes and Noble of famous people, but what a

Shelf Pull Apparel Photos and Source
August 15, 2009

One of our faithful blog readers stays in contact every few weeks asking questions and sharing her experience. She has purchased our guide and found a few sources to get her business up and running. I received an email from her last week and she told me t

What Happens To A Customer Returned Item
August 08, 2009

We are obsessed with buying stuff; a trip to the local Walmart will always include staple items, but we also end up purchasing merchandise on impulse. Don’t worry…we all do it on occasion. Sometimes this extra merchandise is justified and we&#821

Wholesale Liquidation Merchandise is not for the Meek
August 03, 2009

Do you have a weak stomach? If so, purchasing liquidation merchandise, specifically un-manifested merchandise, might not be the smartest move for your business. This warning reminds me of the signs posted at the front of the roller coaster lines, which pr

Planning For Success With a Liquidation Business
August 02, 2009

Due to the continued unemployment facing our nation many people are looking for other ways to make some extra money to pay the bills, which unfortunately continue to come in each month. The liquidation industry offers a unique opportunity to do just that,