How to Stock a Flea Market Stall

Small businesses have become quite successful over the years, especially ones making use of e-commerce. But what if you are looking to sell at a flea market stall and don’t buy new stock until you run out of what you have? It doesn’t matter what your business is centered around, be it clothes, books or electronics, or anything in between, liquidation companies have got it all. And that too at amazingly discounted rates. As a small business you need a good and affordable stock of items and visiting liquidation companies offers just that.

Stock up Through Liquidation Companies

The term liquidating merchandise is used when a company or brand is selling its goods as a result of bankruptcy, legal judgment or the products being discontinued, overstocked or being returned, which, according to the law, aren’t fit to be sold as new again.

This means that these products end up being liquidated, giving buyers the chance to snap up quality items at steep cut downs on price. Not many are aware of these companies, but those who are can greatly benefit from them.

Entire marketplaces and economies have been built around liquidation sales and wholesale buying and selling. Many websites are dedicated to this purpose only, helping buyers get in touch with sellers, business owners who’re looking for the right deal to stock up, and more.

One of the most crucial steps in running a smooth, successful business is always keeping your inventory stocked. As an owner, you never know when a big order might come your way and it’s best to be prepared for all types of situations. But that’s where the problem arises as some business owners find it difficult to the buy large quantities of merchandise at once, as the bulk cost might be quite hefty if the purchase is made at generic stores.

This is where liquidation companies come into play, especially if you are a type of a buyer that is looking for specialty items you would sell at a flea market, or simply a smaller amount of stock you can load up in your car and take to the next market during the weekend to sell there.

Whether you operate in a niche market or not, liquidated wholesale merchandise can be a great way to get some cash in your pockets. In reality, anything goes at a flea market. This means that you can go for the cheapest products on offer by liquidators. Products of various conditions are on offer, from refurbished electronics, such as smartphones, to clothes and home decoration items; you will be able to find anything.

Looking through what is on offer, you are able to spot all kinds of lots and wholesale pallets. Finding out what is inside and in what condition the products contained in a pallet are is easy if you are working with a reputable liquidation business; you simply look for a manifest. This is a list describing the quantity, quality and the type of products contained in a pallet.

Since you are selling items at a flea market, and selling until you completely run out of stock before buying a new lot, you could look for the unsorted customer return pallets, as these will be the cheapest. Due to the nature of these pallets, items have been packed in the condition they were returned in without any sorting or tests done on them.

This means you might end up finding gems and scrap. While gems could bring you significant profit, the nature of the business you run means that scrap sells also, and people looking to buy certain parts could be looking for the exact scrap parts you have on offer. Sourcing your products from liquidation companies means that even with flea market prices, you should be able to make a profit on each item before returning for more stock.

An Affordable Way To Stock Your Small Business 

If made use of correctly, you will be cutting back on costs and on the way to maximizing profits in no time by stocking up through liquidation companies. In order to strike good deals or to even search for them in the first place you need to have a good eye and a sound knowledge of the online liquidation marketplace, and for that, you’re encouraged to do research. This will not only show you different prices offered on the same items by different liquidators but will also show you what liquidators to work with.

As the internet and these liquidation websites and companies are full of confusing deals and sellers ready to trick you, make sure you’re working with an established, reputable liquidator that has good reviews and offers warranties on refurbished electronics items. Even if you are purchasing unsorted customer returned goods, working with a reputable liquidator should increase your chances of scoring a good deal. Why? Because reputable liquidators usually work with top retailers and manufacturers, e.g. carrying Walmart liquidation goods, serving as a platform through which they reach you, the end customer.

Liquidators make it easier for retailers and manufacturers to find buyers for the overstock, or customer returned items. But these business relationships have ground rules that require a certain level of quality be guaranteed, because top liquidators, as well as manufacturers and retailers, have a reputation to look after.

Extra details about the sources as well as products will only help you avoid mishaps. Untested and unopened items will be your best bet in this case. Not only will you have a guarantee of the condition of the goods, but you’ll save yourself some money also as these will probably be overstocked or returned items that the brand or affiliate wants to get rid of for pennies on the dollar.

Furthermore, always check and compare prices being offered at different liquidation companies. The time you invest in some research will certainly pay off in the form of good quality products, satisfied customers, and profits.

As a tip to securing profits at a flea market, have in mind the price you sourced the products at and the market you are selling at. Make sure you are not being greedy and set your prices accordingly. Your profits should not be looked at individually, but after you have sold all the items.

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Henley Johnson

Henley currently works as a sales representative for Direct Liquidation, assisting businesses with product sourcing of liquidated merchandise from the largest retailers in the world. Whether you are looking for a pallet or a truckload Henley is here to help you grow your business.

View Henley’s Bio on YouTube.