Learn How to Make Money Buying Wholesale Bulk Lots

There are all kinds of wholesale bulk lots on the web, when shopping them you want to know what the resell value of the product is first. There are several ways of researching resell values. The best way is to know what retailers in your local area, off and online, are selling the product for and backing into what you are comfortable making on the product. You should also research what markups retailers work on so you know what the standards are. Always in buying you want to kick the tires, so to say. As a buyer you want to be informed and the only way you will gather information about a product is to ask all the questions. From the size of the product on down the ladder; case packing, dimensions, weights, where it was made, what is it made with (plastic, metal, rubber, etc.), if imported; from where, what is the normal % of damages etc…and any other question you can think of. Then always ask if you can get it for less the worst that can happen is the salesperson says no. I do suggest when asking for a better price to put a bone with it, as “can I get it for less if I pay COD” or “can I get it for less if I buy a larger quantity”. After you are done doing your research visit www.nickysb2b.com and compare prices. 9 times out of 10 you will find wholesale bulk lots cheaper at nickysb2b.com auctions. The average bulk lot auction at Nickysb2b.com you can find and bid on products for $0.10 on the retail dollar and under. Buying goods at $0.10 on the retail dollar and under gives you the opportunity of reselling the products in your store or even on eBay and make an excellent markup. For example: a product is retailing for $5.00 and you have just paid at nickysb2b.com $0.50 for the product, this gives you the opportunity of reselling the product at 50% off normal retail, $2.50 and end up making a 5X markup or to be more exact a profit of  $2.00. So you have just shown your buyer a good savings while at the same time making the markup that you deserve. As a matter of fact you could even wholesale the product yourself in small lots on eBay or in your local market place reselling the product for $18.00 per dozen still making a 3X markup showing $12.00 per dozen profits, well ahead of the game. Buying this way leverages your purchasing and gives you profit options while at the same time always showing your customers good value. In today’s economy value counts and with www.nickysb2b.com your business liquidator resources and auctioneer you will always find the values you need.      A Couple tips for off line Buying Wholesale Bulk Lots: You want to set your policies and terms. Just because you are new or a small store does not suggest that you can not develop a good set of policies that you are comfortable working with and setting up the terms in advance of buying always gives you a negotiating tool to use. Most companies want to do business the higher you set your standards the more important the wholesaler sees you because you know what you are doing.  Every wholesaler has a better price normally based on terms and volume. Don’t ask you will not get, ask and you might! When placing an order with a wholesaler always fax the order or email it with your policies attached and be sure to have the order signed copied back to you confirming the order.