The following wholesale closeout secrets are closely guarded by industry insiders. By learning these wholesale and closeout trade secrets you can establish a profitable business. Many of these concepts might seem simple, but unfortunately many entrepreneurs need to first learn them by trial and error. You can save yourself a good deal of money, and move forward to profitability, by learning these concepts now.
There are no membership requirements to start a wholesale or closeout business. Simply start as you would any type of venture, and start contacting suppliers directly. I have seen online programs that charge upwards of $5,000 for providing entry into the off price sector. If you have the right merchandise at a price that allows resellers to make money, they will be happy to purchase your inventory.
There is no need to pay thousands of dollars to consultants to learn the business. Honest wholesalers who will want to engage in a long term relationship with you will be happy to offer you guidance and tips. Although they might be pressed for time, once you start buying from them it will be in their best interest for you to succeed.
You can deal directly with suppliers. You do not need to deal with middlemen and brokers who will further mark up the products as they seek to make money.
Trade shows are goldmines. You can meet thousands of vendors and potential customers, and the best part is that trade shows are open free to the trade.
The key to success is your ability to buy at the right price. If you purchase high quality surplus and liquidation deals at low enough prices, you will be able to easily find retailers and end users to buy your products.
Donny Lowy owns www.CloseoutExplosion.com a wholesale export company that specializes in brand name designer clothing, handbags, and shoes for the United States, Africa, Asia, the Middle East, South America, the Caribbean, and Europe. His warehouse is located in Brooklyn, NY. Donny can be reached directly at 718-389-5502