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June
June
Have you heard about shelf pulls? Well they’re goods that have been showcased in the aisles of big name retailers, and when the models season is over it’s liquidated or when the retailer needs to open up their storage facilities for new inventory. Lots of shelf pulls have been known to include new stuff, trial testers or even opened samples.
Even though the majority of the goods are in great condition, you might come across one or a bunch of the following traits:
- A small amount will be outdated or defective
- The products will still have all the retail tags or sales decoration on them
- Some boxes will be opened or slightly damaged
- Goods will have signs of wear and tear
- Goods might be defaced or their original tags removed so they’re not returned to the store
As you scour through the shelf pull lots, here are a few tips to keep in mind:
- Have the courage to keep going! There is plenty of dough to be made in shelf pulls. Be ready to go that extra marathon when it comes to brainstorming and creativity conjuring (probably a bit more relaxed if you’re buying returned goods), and you’ll see the results of your hard work directly related to the amount of money you bring in.
- Be ready to spend time sorting through your lot and split up the retailable goods from the rest that need some work done. You’ll save yourself some time right away by prioritizing. It’s going to be a downer when you open up a box with a bunch of cheesy looking stickers on them, but after you get going peeling away to your heart’s content, you’ll realize that it’s only an easy job than you’ve originally thought.
- Always read the description before you buy any goods you haven’t thoroughly inspected yourself. Nine times out of ten, wholesalers will try to be as descriptive as they can when it comes to advertising their lots. If you expect a certain amount to be either expired or damaged, a reputable wholesaler will make sure you know about it. Have the courage to ask about anything that concerns you before you seal the deal. Credible wholesalers want to build and/or maintain their reputation, and the rest you have to watch out for since they’ll try to trick their buyers.
- Most of the time it’ll work for you if you leave the promotional stickers on the goods. Usually it’ll be something that’s marked down. For example, a product that sold for $60 will be chopped down to $40. If you buy it for $10, you’re more than likely to resell it at double what you’ve paid for it. You should leave any original stickers on the goods to highlight how much of a steal your buyer is getting from the retail price.
- Even though some goods are advertised as out of season or shelf pulls in mint condition, you should expect to still see some products expired or no longer sellable as brand new. Major retailers usually liquidate these goods by the thousands, and a lot of them are warehoused for months and months before they’re even touched by your hands. Although these companies you buy the lots from will do their best to sort out any defects and only ship you the workable ones, you should still expect a couple to slip by their filtering process. If you’re buying from a reputable wholesaler, the amount you’ll pay should still be profitable enough that even if you get a few bad apples in your order, you’re still going to churn out some coin.
