A widening trend on online auction sites such as eBay is to find shopper returns auctions which normally consist of goods which have been returned to a store for a selection of reasons and are then resold to liquidation retailers. This method enables stores to get rid of unwanted goods at a decreased cost than would be associated with processing them, or having the conflict of people trying to return already damaged stock.
Few wholesale sellers have contracts to purchase Costco returns and you will find that those that do are able to supply these kinds of goods at well below regular wholesale cost. Really, you may be surprised at just how cheaply returns are marketed.
As a retailer, if you are able to find a wholesale merchant that has contracts to purchase Costco returns, you will be able to obtain pallet lots of goods from them and you will be able to start your own customer returns auctions.
How you conduct these sales is entirely up to you, but you may wish to think about selling smaller lots or individual goods, or even a combination of both. Whatever you decide to do it’s likely that you will discover that there are numerous people out there that want to purchase these goods, as it can save them large loads of capital of the retail prices also.
On places such as eBay, the majority of customers will be ordinary people that are looking for a bargain in dollar store merchandise. They know that eBay is the best place to locate goods online, and for you that means you don’t have to have so much effort marketing your goods to potential customers. If you can offer attractive graphics and a superb description of your products, you will realize that people will be happy to snag a bargain.
Another option to customer returns auctions is to advertise goods for sale on a classified listing website such as craigslist or even the classified section of your local newspaper.
This is an especially good method to market damaged goods, as local trades people often scour classified adverts for damaged merchandise or as seen on tv products that they can either refurbish or employ parts from.
Numerous people are put off from buying customer returns in bulk lots as they are stressed that none of the goods they will receive are going to be saleable. In general, that’s not the case and although some goods will be difficult to market on, the bulk will be in good second hand condition or with some small blemishes. For example, in the case of wholesale clothing returns you may realize that some goods are missing a button or have separated at the seams, but multiple people are willing to purchase goods that are affected by these conditions as they have the means to simply fix them. Of course, if you are handy yourself with a sewing machine, you could just fix them up yourself and retail the clothing as nearly new.
Whatever your plans may be, it all starts with getting a good wholesale source that can equip you with the dropship products you are looking for, from there, the road to success will be on the horizon.