4 ms·

One of my friends is such a "liquidator", he buys up both excess inventory (never sold) and returned items for rock bottom prices. He has developed a keen sens

by fleddr 4y ago

One of my friends is such a "liquidator", he buys up both excess inventory (never sold) and returned items for rock bottom prices. He has developed a keen sense in finding the profitable jewels. For example, women's cosmetics. They are unused (damaged boxes and such), he buys them up < 10% of the retail price then puts them up at 90% retail price on his own website. Women are spamming him to death. When do you have the cheap "item X" again? It should be said though that it's a very laborious business model. He needs to quality check, inventorize, publish, tax report, etc on a huge amount of items. He has a "no return" policy. Which is actually illegal here (Netherlands), but he seems to get away with it as nobody bothers with a 5$ item.

hammock 4y ago
Where does he get the stuff from?
- skipnup 4y ago
  You can just buy pallets of returned stuff, you'll find a bunch of websites selling those via google, e.g. https://www.restposten.de/palettenware/retourware/ https://www.restposten.de/palettenware/retourware/ for a German marketplace. Most of the times you won't know exactly whats inside. If you're interested in unpacking, without buying pallets of stuff, theres a small trend by YouTube influencers buying a pallet or two and looking whats inside.
tgsovlerkhgsel 4y ago
> very laborious business model. > buys them up < 10% of the retail price then puts them up at 90% retail price In other words, the labor he puts in is worth the 80% of retail price. Or seen differently, he's a business that uses labor to turn a worthless pile of mixed products of questionable usefulness into sellable product.
actuallyalys 4y ago
I’m a little surprised the likes of TK Maxx (I believe that’s the name they use in Europe) leaves room for smaller operators like your friend. Although I guess if there’s so much surplus retailers don’t want to accept returns, it makes sense.

by fleddr 4y ago

hammock 4y ago

Where does he get the stuff from?

skipnup 4y ago
You can just buy pallets of returned stuff, you'll find a bunch of websites selling those via google, e.g. https://www.restposten.de/palettenware/retourware/ https://www.restposten.de/palettenware/retourware/ for a German marketplace. Most of the times you won't know exactly whats inside. If you're interested in unpacking, without buying pallets of stuff, theres a small trend by YouTube influencers buying a pallet or two and looking whats inside.

tgsovlerkhgsel 4y ago

> very laborious business model. > buys them up < 10% of the retail price then puts them up at 90% retail price In other words, the labor he puts in is worth the 80% of retail price. Or seen differently, he's a business that uses labor to turn a worthless pile of mixed products of questionable usefulness into sellable product.

actuallyalys 4y ago

I’m a little surprised the likes of TK Maxx (I believe that’s the name they use in Europe) leaves room for smaller operators like your friend. Although I guess if there’s so much surplus retailers don’t want to accept returns, it makes sense.