A growing trend on online auction sites such as eBay is to find customer returns auctions which generally consist of items which have been returned to a store for a variety of reasons and are then resold to liquidation merchants. This process permits stores to get rid of unwanted items at a lower cost than would be associated with processing them, or having the issue of people trying to return already damaged stock.
Few wholesale suppliers have contracts to buy Costco returns and you will find that those that do are able to supply these sorts of items at well below regular wholesale cost. In fact, you may be surprised at just how low returns are sold.
As a retailer, if you are able to find a wholesale supplier that has contracts to buy Costco returns, you will be able to purchase pallet lots of items 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 like to consider selling smaller lots or individual items, or even a blend of both. Whatever you decide to do it’s likely that you will find that there are many people out there that want to buy these items, as it can save them vast amounts of money of the retail prices also.
On places such as eBay, the majority of customers will be ordinary people that are looking for a bargain. They know that eBay is the best place to find products online, and for you that means you don’t have to have so much effort marketing your products to potential customers. If you can provide attractive photographs and a excellent description of your items, you will find that people will be happy to grab a bargain.
Another approach to customer returns auctions is to advertise products for sale on a classified listing website such as Craigslist or even the classified section of your local newspaper. This is an especially good way to sell damaged items, as local trades people often scour classified adverts for damaged goods that they can either repair or utilize parts from.
Many people are put off from getting customer returns in bulk lots as they are worried that none of the products they will receive are going to be saleable. In general, that’s not the situation and although some items will be tough to sell on, the majority will be in good second hand condition or with some minor blemishes. For example, in the case of wholesale clothing returns you may see that some items are missing a button or have split at the seams, but many people are willing to purchase products that are affected by these conditions as they have the means to simply fix them. Of course, if you are skilled yourself with a sewing machine, you could simply sew them up yourself and sell the clothing as nearly new.
Whatever your intentions are, it all starts with finding a good wholesale supplier that can provide you with the products you are looking for, from there, the road to success will be on the horizon.