Taking advantage of supplier clearout

Being a reseller can be a good thing and a painful thing at times. The painful side of it has to do with the number of people that are willing to sell things for little more then cost, and the inevitable nature that customer’s want to deal with you but cannot understand why you will not match the price. Which for the most part comes down to the fact that the wholesalers are in a similar boat.

The good part of being a reseller though is when you pay attention to what your suppliers are trying to clear out. While for the most part they want to make a profit from items, there comes a point when they realize they have hundreds of a product left over and sales have slowed to a trickle. Then they start discounting. Until they are selling the product out below cost and at really good prices.

This is where you can start to make that bit extra money buying up sell-out item’s and either putting them up on ebay and hoping for a bid or two or taking them to the markets. you effecively end up selling a product that could sell for $10 or $20 in the stores for $3 or $4 and still making more then double what you paid for it. Finding the right market, and the right range of suppliers that have a continual supply could amount to some good profit in the long term, if done correctly.

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