One way we resell liquidation merchandise is through what we call, “Event Sales”. We buy customer returns and shelf pull merchandise and advertise a one day warehouse sale where we are flooded with customers wishing to purchase merchandise at a deep discount.
We have held these types of event sales for years and have never noticed a lack of interest. Typically, from the time we open our doors until closing our cash register is non-stop.
The key to having a successful sale is finding merchandise at rock-bottom pricing.
Our last sale consisted of clothing and clothing only. We sold the apparel at $5 per piece. people quickly realized that a $100 spend netted 20 items and at the end of the day we grossed $1400.
We were open from 9 to 3, which amounted to an hourly average of $233 in retail sales! Because we advertised our short hours people were just grabbing merchandise! There was no thought put into the process except a feeling of, “If I do not buy it someone else will”
Where did we buy this clothing that we could turn around and retail for $5.00?
We bought 7 lots (100 pieces each) from Liquidation.com. This clothing was department store shelf pulls consisting of tops, bottoms, dresses, jeans etc. Most item still had original retail tags attached, which made it really easy for our customers to see they were getting a great deal. For example, a sweater which retailed for $39.00 was now only $5 at our warehouse sale.
Our cost per piece, once we factored in UPS shipping, was approximately $1.40 per unit, which offered us a profit of $3.60 per piece….once sold.
Here is your Liquidation Secret Source: Go to Liquidation.com and search for a seller named “STR_NationalSupply”. This seller routinely auctions 100 piece lots of clothing with auction titles like, “Women’s Clothing From A Major Department Store - Over $4,000 in Retail!!
We were able to buy 7 lots of 100 pieces for $1 per item!
