Is the Day of 99 Cent Merchandise Gone Forever?

While it may seem like gloomy times for bargain hunters, you are going to find that it is still very possible for a store owner to get some great deals on merchandise. You just need to know the right approach to take to this process.

Probably the most important thing you will need to keep in mind is that no matter what items you carry in your store, you should be able to meet your monthly expenses. This means that there needs to be enough of a profit on items that you aren’t marking them with minimal profits just to move stock.

Part of this is going to involve you becoming a bargain hunter. Not only will you want to look for deals from your main distributors, but you will also want to look at businesses that might be closing down and selling off their merchandise. This will give you the chance to go browse their selection of items and then turn it around for profits in your own shop. When possible, offer these companies a price that allows you to make a decent profit per item if you were to resell them in your store and still come-in below retail.

There are always wholesale and closeout deals that can be found as well. With closeout deals, you will have the chance to browse through items that are being sold for pennies on the dollar. Some of these items retail for quite a bit and if you can get them cheap enough, you can entice customers to even come into your store to see what kind of quality items you have available.

Wholesale deals can also provide you with great merchandise at a good price. With these wholesale deals, the more you buy in bulk, the better the discount you can get. This can translate into additional savings and give you a better deal that you can pass along to your customers.

The goal you should have is to seek out bargains when they arise and then pick up merchandise you can sell to your customers for the 99 cent price tag. Just make sure you are seeking out quality items that are going to provide something of value to your customers. After all, the more they purchase from you, the more you are going to be able to spend on additional merchandise.