So, you’re thinking of dipping your toe in the liquidation reselling business as a side gig or maybe you’re ready for a complete career change. Either way, you’re curious about reselling liquidation inventory. Well, you’ve come to the right place! In this post, we’ll break down the top 4 reasons why you should start reselling liquidated merchandise.
#1: Resell for extra money
Whether you start reselling liquidation merchandise as a side hustle or a full-time entrepreneur, reselling creates a new revenue stream. If that wasn’t good enough, the resale business model is almost limitless in its scope and opportunity. Meaning, you can choose one or many channels to sell your goods and you can stick to a niche market (like apparel or cell phones only) or branch out into many categories. While some small businesses and entrepreneurs focus exclusively on resale as their main source of income, others choose to use reselling as a way to earn extra money.
#2: Ability to start small
The great news for new entrepreneurs or just the risk-averse is that you can start small when first beginning your liquidation reselling business. From the shipment size to the initial investment, you can begin somewhere in your comfort zone. Many B-Stock liquidation marketplaces offer buyers the opportunity to bid on just a few pallets, a manageable place to start. As you gain experience, streamline your process, and increase cash flow, you can then scale up to larger less-than-truckload (LTL) lot sizes and more auctions.
Be your own boss, work from anywhere you choose, these are just some of the perks of running your own reselling business. For many, it’s about flexibility. Many resellers are parents wanting to stay home with their kids and work from home in the evenings. Or maybe you’re a student who could use some extra cash but aren’t ready to commit to a full-time business. Whether you start and stay small or scale your business larger, reselling liquidation inventory gives you the option to bite off as much as you want.
Feel good about what you do! By reselling liquidation inventory, you’re giving items a second life. Just at B-Stock alone, in 2019 we gave over 300 million pounds of inventory a new home or second life. Much of that, otherwise, would’ve wound up in a landfill. With the huge rise in popularity of ‘secondhand,’ shoppers are on the hunt for a good bargain and an environmental benefit.
If you become a reseller you’ll be able to sell a diverse range of products. If you start out reselling liquidated clothes, as your business grows you can move into shoes, jewelry, handbags, and other related products. Check out B-Stock Sourcing to see all the different categories of liquidation inventory. If you want to begin buying liquidated products on B-Stock, read our article How to Become a B-Stock Buyer, Part 1!