With nearly $400 billion dollars worth of merchandise returned back to top retailers and major manufacturers each year, there is a ton of opportunity for secondary market business buyers. But when it comes to purchasing liquidation inventory for resale, there are some good guidelines you’ll want to follow. We’ve put together this free online pamphlet for your reference: The eBay Seller’s Guide to Buying Returns and Overstock.
Download the pamphlet now to get helpful tips including:
Why You Should Buy Direct from the Source:
Traditionally it’s been difficult for buyers to gain access directly to top retailers and manufacturers; buyers often had to negotiate and haggle with a middleman. Now, with transparent online-auction platforms like B-Stock, you can purchase directly from the warehouses of big-box retailers.
How to be Confident in Your Purchase:
This comes down to doing your research prior to purchasing. Be sure to read the full manifest, understand the condition codes, calculate shipping costs, prepare for the lot size. Doing your homework before you bid can help you be more confident in your purchase.
Why You Should Factor in Shipping Costs:
Always add in shipping costs to your buying budget to maximize your potential profitability. To reduce shipping costs you can look for inventory with distribution centers closer to your shipping location. Additionally, look for sellers that allow you to arrange your own shipping (“Buyer Arranges”) or provide discounted rates for regional shipping. If you’re purchasing from a distant location, look for sellers who offer negotiated rates with major carriers.
Why Quantity Matters:
While you can get a lower cost per item with larger lots, don’t buy more than you can sell. As an eBay seller, research what your competition is selling and how much demand exists for certain products. Bid and buy accordingly!
The Importance of Reading Product Condition Codes:
Merchandise in the secondary market ranges from brand new in the box to salvage and is usually sold “as is.” And since retailers usually categorize their conditions a little differently, it’s important to read all the auction details to familiarize yourself with each condition type and its definition. Know what you’re potentially buying before you bid!