Specials and Closeouts are a Way to cut Dollar Store Merchandise Costs

Sep 21
10:48

2011

Bob B. Hamilton

Bob B. Hamilton

  • Share this article on Facebook
  • Share this article on Twitter
  • Share this article on Linkedin

Being a dollar store business owner requires the owner to have good decision making skills in buying products and then for the merchandising of the products as they arrive in the store.

mediaimage
Being a dollar store business owner necessitates having a good strategy for buying products and then for the merchandising of the products as they arrive in your store.  Dollar stores are also known for providing highly demanded dollar store merchandise for households,Specials and Closeouts are a Way to cut Dollar Store Merchandise Costs Articles offices, and organizations.  As a result you must locate the right products to meet the needs and wants for this diverse shopper base.  Since the price you charge for this dollar store merchandise is so low you must always be on the lookout for wholesale dollar merchandise which is priced right.  While it is important to provide high value to your shoppers, you must also be able to make a reasonable profit.

Shoppers will look to your store as a primary source of all the basic daily necessities like household cleansers, varied beauty items, and disposables such as paper goods, and much more.  At the same time they will be looking to see what other wholesale dollar merchandise you have purchased.  They are especially looking for items which offer high value and outstanding bargain prices. 

Since shoppers will come back time and again to make purchases of supplies for their homes, schools and offices, products such as decorations, grocery items, detergents, household items, canned goods, candies, waters and more, you must always have these items readily available.  Yet you can also add to your sales by adding in special deals. You can locate them this kind of wholesale dollar merchandise by examining all of the specials, liquidations, and closeouts you can find.  Often items purchased from these suppliers will be available as one-time deals with limited quantities only available.
 
These additional items are available from closeout companies, liquidators, and even through some wholesale dollar store merchandise vendors.  But you must be on your toes to find out when they are available for purchase.  These products come available as shelf pulls, overstocks, package changes, product overruns and for other reasons as well.  Other store owners are sitting in the wings just waiting for these same items so there is often very little time before they are sold out.

The value of adding these items is the price you pay affords a good profit margin and you can resell for a very attractive price.  Your shoppers will be excited as many of these items are sold by retailers for significantly more than you will be asking.  Locating this below wholesale dollar merchandise is a win for both you and your shoppers!  Give it a try in your dollar store.