There is More to the Future than Dollar and 99 cent Merchandise

Since 99 cent merchandise costs so little, most of the items offer slim profit levels.  That is why you need to consider adding other types of products to your shelves in the future.  Liquidation and closeout items are the perfect solution.

You can find many of the latest products from closeout and liquidation companies.  Some of these products will be slightly damaged.  However, they may have simply been returned by a customer or removed from the shelf because of upgrades or packaging changes.  Some of these items are not typically found in dollar stores, so offering them is a great way to stand out from your competitors.

Whenever you buy from closeout and liquidation companies, you need to take the time to inspect the merchandise thoroughly.  Some of the items may be broken, while others will have damaged packaging.  Make sure your customers are comfortable buying this type of merchandise and offer them a discount for doing so.

Buying 99 cent items and more expensive products during the off-season is also a good idea.  You will save a lot of money by buying seasonal items approximately six months before the holiday comes around.  For example, you could shop for Christmas items during the spring or summer or Easter items during November or December.  If you do this, make sure you have enough space available to store them until they are needed.

Liquidation and closeout companies are not like traditional suppliers.  They will not have a steady supply of merchandise to buy.  Their quantities and overall deals will be quite limited.  Do not wait to take advantage of the deals because they likely will not be there for long.

Remember that it is important to buy 99 cent merchandise and other products your customers are actually interested in purchasing.  It does not matter how great the deal is if your customers do not want the products.

Many of the products you get from closeout and liquidation companies will come on pallets and need to be shipped to your store.  Therefore, try to find companies located relatively close to your location.  If you have to pay significant freight costs, then it will reduce the profits you get from these deals.

There is no need to be stuck selling only 99 cent merchandise in your store forever.  Find liquidation and closeout companies so you can provide more items to your customers in the future.  They will certainly appreciate the deals you can offer them.