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Make or Save Money

If you have (or are planning to open) a store, by now you already have a pretty good idea of how you might be able to purchase closeout and overstock liquidations to save money and increase your profits. But what if you are just an "average Joe" without a store who finds the idea of taking advantage of this ridiculously cheap merchandise appealing?

There are lots of ways people save a boatload of money buying liquidated merchandise, and lots of ways people earn a nice part-time (and full-time! ) income by buying and selling overstock merchandise. I will cover a few here, then you can let your imagination run wild.

In Denver, there is a guy who buys bulk lots of overstock automotive accessories. He makes a deal with a strip-mall owner on a busy street to lease a few parking spaces near the street for a week, pulls his pickup truck up and erects a tent, and sits in a lawn chair all day waiting for customers. He has a big rack that displays some of his wares to passing traffic - floor mats, hub caps, steering wheel covers, gas caps, wiper blades and arms, etc. He changes locations every week or so, and he only works 5 months a year (and only when the weather is decent). He gets enough traffic through his little "store" that it provides a very healthy extra retirement income (and it must be good - he spends a month in Mexico every winter).

A Boy Scout troupe in the Midwest buys several pallet loads of closeout merchandise every year and has a public auction of the merchandise for a fund-raiser. The community gets to support the Scouts while getting a bargain in return, and the troupe has had to increase the number of pallets they buy every year. Before long, it might be an entire truckload. (Could your favorite charitable organization take advantage of something like this?)

A friend of mine in Seattle comes from a BIG and close family, and one of the more creative cousins bought a pallet load of mixed house wares and kitchen wares.  He assigned a fair bargain price to each item, invited the entire family over for a barbecue, and sold everything on the pallet within a couple hours. It was so successful (and so much fun for everybody) that he followed that with pallet loads of more house wares, plus pallets of toys and hardware and lawn & garden merchandise and groceries and had successful and profitable barbecues all summer long…and continues to do this every summer.

Big groups of any type can easily take advantage of overstock "banana box" grocery liquidations. Whetherit's just a friendly group of neighbors, or a church group, or the little league, or whatever - any sizeable group that can agree in advance of how to value the groceries that arrive in a banana box shipment and divvy them up is going to save a LOT of money. Those who believe in being prepared for the possible downfall of society ("preppers" and survivalists) will also find great deals on food to stock up their larder. And if your church food bank needs a boost, a pallet load of liquidation groceries will fill up the shelves cheaply.

Shop DollarDays.com with your Platinum Membership  You can re-sell much of the merchandise you buy from an overstock and closeout liquidator from your own home. If you are handy with some basic hand tools and have a simple knowledge of how mechanical and electrical things work, store return merchandise will always include some items that are perfectly functional with only very minor repairs. You can sell your "self-refurbished" merchandise on the internet with classified ads on Craigslist, or on eBay. You can even sell them from a regular garage sale. (Check with your local municipality to find out how many garage sales you can have - some towns limit garage sales to one or two per year.) If you want to buy and sell more regularly, consider setting up a table or booth at the local flea market. Flea market vendors will find plenty of interest in bargain merchandise that doesn’t fit with the "normal" fare found there (that being lots of cheap plastic stuff made in China).  And ultimately, the buyer of overstock liquidation merchandise nearly always finds something in their pallet load that is too good to sell to somebody else, saving them money on their own purchases.

In general, think about who wants and needs and will pay good money for the types of closeout merchandise and overstock liquidations that you can buy at BELOW WHOLESALE prices, and then find a way to get the products into their line of sight.  You don't need a traditional "store" to get into business.