Advice on making money with clearance stock
Clearance stock is a common sight on the high streets of the UK Everything must go is quite a common sign to see outside high street stores these days. It doesnt just happen when companies are failing...
Clearance stock is a common sight on the high streets of the UK Everything must go is quite a common sign to see outside high street stores these days. It doesnt just happen when companies are failing, it is quite usual to clear stock at the end of a season. This is referred to as clearance stock and quite often you can make huge savings as a customer, especially if you know where to look. If you know how you can also make yourself some money from this stock
There are many retailers who take advantage of this, seizing the opportunity to buy in stock at a reduced clearance rate. A lot of people use resources such as Ebay to sell on clearance stock at a later date. In fact, may sales people spend a lot of their time browsing factory outlets or scouring markets for bargains that they can make profit on. Some even make a full time living out of it.
If you fancy trying to sell stuff online for yourself do make sure you know how much you are really saving in the sale. The real price of the product needs to be quite a bit more if this is going to be worthwhile and you can only find out what that is with a bit of research. 50% off doesnt mean a lot if the price being reduced is actually vastly inflated. If you want to make the biggest savings you really need to know how much this product sells for elsewhere. You also want to know how much demand there is for the product before buying it. Does anyone want this product? Why has the shop struggled to sell this product? You can easily lose a lot of money buying stock that you then cant shift. You will find tools that help you to analyze what is selling well on ebay to help you buy the right stock.
When a business ceases trading you can really snap up some great deals on surplus stock by acting fast. Quite often, sellers will be in a hurry to offload anything they can in order to recoup their losses and may well be keen to bargain. You will do well in this sort of circumstance if you are willing to take a lot of stock in one go. Even though they may get a better deal bit by bit it is appealing to sell in one batch. Often time is of the essence.
It isnt just in shops, you may find closing companies will also be selling online. Contact them through the website to see if you can make a deal. Make sure you look through the classifieds for clearance stock too. You may find doing a deal is mutually beneficial.
Article Tags: Clearance Stock
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ABOUT THE AUTHOR
Sarah Haines believes there is a good profit to be made with clearance stock if you want to sell stuff online.