CloseoutExplosion.com summarizes the Dubai wholesale clothing market, from its local apparel stores to its wholesale businesses to its brand name export market. Donny Lowy, whose wholesale export business, Closeout Explosion, has sold merchandise to Dubai, presents you with important pieces of information that you should know before travelling to this center of international commercial trading in the Middle East. With wholesale buyers from as far as Nigeria to Turkey travelling to Dubai to purchase closeout products, this is an intriguing place to find profitable designer goods at below wholesale prices.
CloseoutExplosion.com shows you how to open a store in Nigeria. Donny Lowy, who exports brand name suits for women, dresses, shoes, handbags, children's clothing, and more, to Nigeria, runs a New York closeout business called Closeout Explosion. His Brooklyn fashion showroom carries brands that are popular in Lagos, Abuja, and Port Harcourt, such as Tahari, Jones New York, Kasper, Kenneth Cole, Calvin Klein, and more. Shipping to Nigeria can be sent freight collect through freight forwarders such as Express Air Freight, Impex, and Corporate Messengers Worldwide.
Closeoutexplosion.com presents a video focusing on the demand for American and European wholesale brand name products in the African market. Donny Lowy, who owns Closeout Explosion, has developed a strong customer base of retailers in African countries such as Nigeria, Botswana, Kenya, South Africa, Zambia, Zimbabwe, Ghana, and other countries. His wholesale warehouse carries wholesale brand name suits, dresses, shoes, handbags, and jewelry.
As international travel continues to increase, and the Internet brings American and European fashion in to African homes, the desire from Africans for brands such as Tahari, Jones New York, Kasper, Calvin Klein, and Nine West, should continue, offering a great resale opportunity to boutiques located in cities such as Lagos, Abuja, Johannesburg, and Nairobi.
Closeoutexplosion.com offers exciting tips that can show you how to make more money by selling more wholesale closeout products. Donny Lowy, the CEO of New York closeout business Closeout Explosion, provides you with four strategies for selling wholesale merchandise. You can take advantage of these ideas whether you sell out of a high end designer showroom in New York, have table at a flea market booth in New Jersey, or run a high end boutique in Lagos, Nigeria.
While it can be a challenge to find the right wholesale and closeout merchandise, it can be just as challenging to profitably sell the merchandise at a maximum price. Hopefully the tips in this video can be of great help to you.
There are entire clothing businesses based on buying and selling what is called seconds. The potential for seconds is large because many consumers do not mind if the design is slightly askew, or if the logo is misspelled, and at the same time, the production of defective merchandise is a normal consequence of the production cycle. Also, companies such as Apple, Starbucks, and Google will order novelty items, hats, and shirts for corporate promotions, they will refuse goods if they are not in perfect condition. The screen printer who now has to take these items back will sell them to dollar and discount stores to recoup some of his production costs.
Wholesale salvage merchandise is a product category used in the wholesale and closeout business to refer to merchandise that has either been damaged, or has been exposed to a situation in which the potential for damage is high. Salvage is a term that was first used to refer to products that were transported on trains that derailed. For instance, if a train was transporting a container of electronics, and a derailment took place, the insurance company would pay the owner of the load for the damaged electronics. The insurance company would then take possession of the damaged merchandise and dispose of it through wholesale channels. A salvage buyer primarily purchases inventory that could have become distressed due to an accident, fire, or flood. While the salvage buyer can purchase this type of inventory for literally pennies of the original wholesale cost, he must sort the products out and try to repair any damaged merchandise.
The salvage category is appropriate for a retailer that has access to consumers that can tolerate slightly damaged merchandise in exchange for the implicit savings. A salvage reseller should consider purchasing items where the potential for damages is diminished. For example, a television has a much greater change of being damaged if a truck transporting it crashes, than a pair of jeans would. And because it is much easier to sew clothing than it is to repair general merchandise, most experienced salvage buyers will prefer to focus on apparel, and soft goods for that matter. Because of the nature of this wholesale category, it is imperative that buyers inspect the goods in person, so that they can ascertain what percentage of the inventory can be sold as is, and the cost involved in repairing any damaged items. If an inspection is not possible, the buyer would want to obtain a low enough price that will mitigate his risk in making a purchase sight unseen.
Closeout merchandise is lucrative because of its nature. Merchandise is considered to be a closeout when its original seller loses the original sales venue for it.
In other words, closeout merchandise can be a case of socks which were manufactured for an upcoming movie. Once the movie is no longer shown in the theaters, the movie licensed socks need to be sold as a closeout.
Since the original event the socks were produced for has passed, the socks must be sold at a steep discount in order to find a buyer. As you can see, if you purchase this closeout at the right price you can make a good deal of money when you resell it. The question now becomes how to sell the socks? First thing you need to remember is that in order for the socks to be sold you will need to be creative. If you simply try to offer the socks for sale you might not find any buyers. The movie is already old news and people might not be interested in any product related to it.
A creative solution for selling closeouts is exporting. If you buy the merchandise cheap enough you can sell it to a poorer country where the people will not care what is printed on the socks, but where their concern is the quality and durability of the socks. You can also market this closeout to collectors. Many old consumer items find a strong market in the collectible market. Take a look at the selling prices on eBay for old Star Wars licensed merchandise. There is plenty of money to be made in the closeout business provided that you use your creativity in finding the right closeout buyers.