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How to Make Good Money Selling Products Online

March 23, 2021 By Carol Scheafer

Many resellers sell their products online. Selling products through an established online marketplace like Amazon allows resellers to reach a large number of people in a short amount of time. Most people know and trust these online marketplaces, making the chance of sales more likely.

While selling products online offers numerous benefits, it’s important to consider the costs involved as well. Resellers and small business owners are often surprised by the high cost of shipping, storing inventory, and sellers’ fees. Its crucial resellers do what they can to ensure they collect a profit on their products.

Purchasing liquidation inventory and customer returns by the pallet or truckload costs much less than buying individual items. It also costs less than buying product directly from the manufacturer. Many times, the cost of the pallet is a fraction of the MSRP value of the products.

Locate a Trusted Liquidation Supplier

Although many liquidation suppliers offer pallets of merchandise for sale online or over the phone, nothing beats visiting the facility and viewing the pallets yourself. Look for a liquidation supplier that allows you to visit their facility and purchase pallets right off their sales floor. Make sure they offer manifests that include all items included on the pallet and their MSRP value. Although many companies offer un-manifested loads as well, it’s a good idea to start with manifested pallets to see the quality of items offered. You can always expand into different types of loads after you’re familiar with the supplier.

Plan

Before purchasing your first pallet, it’s important to consider how you’ll store it, where you’ll list your products for sale, and how you’ll handle shipping. When purchasing one or two pallets, many resellers choose to store their inventory in their garage or a storage unit.

When choosing a location to store your product, make sure it’s easy to retrieve your items. It should be a location close to your home or office. When storing inventory in a storage unit or other business, make sure the business hours don’t impact your ability to keep to shipping schedules.

Listing Products for Sale Online

When listing products for sale online, make sure to take pictures from multiple angles. Use good lighting and a plain backdrop to make your listing look more professional. Provide as much detail about your products as possible. While you’ll want to offer products at discounted prices, it’s important not to go so low that you don’t make any money. Make sure to consider all costs involved with purchasing, storing, and shipping products when determining price.

When done right, offering liquidation merchandise and customer returns for sale through an online marketplace earns resellers impressive revenue.

Discount Truckloads offers liquidation pallets, customer return pallets, pallets of overstock, and liquidation truckloads to resellers and businesses. Resellers can view and purchase our pallets and truckloads right off our sales floor in Dallas, Texas. Please contact us for manifests or to request a freight quote.

Improve Your Chance of Success – Tips for Liquidation Buyers

March 16, 2021 By Carol Scheafer

Although many resellers have heard that purchasing liquidation inventory can provide significant income, it’s important that resellers understand what they need to do to ensure the greatest chance of success. The following tips can help.

Get a Resale Certificate

Although having a resellers certificate isn’t always required to purchase liquidation pallets, it allows the reseller to do so without paying sales tax on the products they buy. A resale certificate also lets the liquidation supplier know that a reseller is serious about their business. This can help improve the relationship with the supplier.

Review the Manifest

It can be daunting to purchase a pallet or truckload of inventory without knowing what you’re going to get. Before purchasing anything, it’s important to fully understand what’s included and what it’s worth. Look for a liquidation supplier that offers complete manifests that include the type of products offered and their MSRP value. This will give you a good idea of potential profit. It also helps ensure you purchase products your customers actually want.

Understand Your Costs

A lot of money goes into shipping, processing, and storing inventory. When considering liquidation inventory, many inexperienced resellers only look at the cost of the product. However, it’s important to factor all costs before purchasing a pallet or truckload of inventory. The last thing you want is to purchase a load only to find you cannot get it to your location or process it in a timely manner. This can easily wear away at your potential profits.

Start Slow

It’s not uncommon for resellers to purchase more than they can handle when getting started. This can quickly lead to storage problems and money issues. This is true even for resellers and businesses with a large amount of working capital.

Resellers should start small. Purchase one or two pallets and see how quickly you can process and sell the items. If all goes well, consider purchasing 2-3 more from the same supplier. This way, you won’t end up with too much capital tied up in liquidation stock, and you’ll be able to see which products sell best.

Discount Truckloads offers a wide selection of liquidation inventory to resellers and small businesses. Resellers can purchase manifested pallets or truckloads right off our sales floor in Dallas. We also offer convenient shipping options. Please contact us for more information or to reserve your load today.

3 WAYS TO SELL LIQUIDATED ELECTRONICS

December 3, 2018 By Maria Holodnaya

wholesale-electronics
wholesale-electronicsAMAZON

One of the largest marketplaces online is open to small business owners, such as yourself. Take advantage of this online industry and the traffic Amazon provides. Clear images with a white background are among the many requirements Amazon merchants must follow. With 197 million monthly visitors, meeting Amazon’s stringent merchant criteria is well worth the effort.

 

EBAY

The tried and true method for small E-commerce business owners is EBay. The auction system can allow you to get a fair price for your product. Be sure to provide excellent customer service so that your future ratings attract more customers.

 

CRAIGS LIST

The benefit to posting electronics for sale on Craig’s List is connecting with those in your community. If you have never bought or sold on sites like Craig’s List be sure to exercise caution and take the necessary safety precautions. As a benefit, you will save on shipping cost as you can arrange an in-person pick up of your sold electronics.

 

DT LOTS IS A WHOLESALE SUPPLIER OF RETAIL RETURNS, CUSTOMER RETURNS, SHELF PULLS, OVERSTOCK, LIQUIDATION, AND CLOSEOUT MERCHANDISE. IF YOU WANT TO START A RESALE BUSINESS GIVE US A CALL AT 800-608-6525 OR CHECK OUT OUR CONTACT PAGE TO GET STARTED!
Open to the Public Monday thru Friday
8am-6pm US Central Time
800-608-6525

Making the Most of E-Commerce

November 24, 2018 By Maria Holodnaya

Global-ecommerce-wholesale-business
Global-ecommerce-wholesale-business

These days Black Friday shopping is overshadowed by Cyber Monday. Online retail has surpassed traditional shopping and you can have a piece of the action too! Customers love the convenience of ordering online; give them what they want.

 

Think Globally  

Not only is online shopping on the rising in the United States, it’s becoming more popular all over the world. If ten years ago you were only able to sell at your local flea market or garage sale, today you can send merchandise to customers as far away as England or Australia! Use the power of the internet to your advantage and reach more customers.

 

Specialize in Your Niche

With so many buyers online there are as many sellers. Stand out from the crowd by specializing in unique products. You will become known for your niche and will be at top-of-mind when someone needs your product.

 

 

Source Your Inventory Online

Who said your customers are the only ones who get to shop online? Source your inventory online. Sites like dtlots.com offer a wide selection of wholesale products for your resale business. Ordering online can’t be easier. We deliver anywhere in the USA to your residential or commercial address.

 

Don’t Forget to Promote

Promote your business online through social media sites. In time, you will become an expert in your field. You will not have to chase customers they will come to you because of your reputation.

 

DT LOTS IS A WHOLESALE SUPPLIER OF RETAIL RETURNS, CUSTOMER RETURNS, SHELF PULLS, OVERSTOCK, LIQUIDATION, AND CLOSEOUT MERCHANDISE. IF YOU WANT TO START A RESALE BUSINESS GIVE US A CALL AT 800-608-6525 OR CHECK OUT OUR CONTACT PAGE TO GET STARTED!
Open to the Public Monday thru Friday
8am-6pm US Central Time
800-608-6525

Resale Business Start-Up Expenses

November 18, 2018 By Maria Holodnaya

start-up-resale-business
start-up-resale-business

DT Lots newsletter

Our newsletter sign-up on the dtlots.com homepage will ensure you get the latest listings. Don’t miss new pallets and their pricing. Sign-up today and be the first to see what we have in stock.

 

Personal computer

Reading this you are most likely already on a computer of your own. If not, then borrow one until your profits are able to cover the costs of a new computer. Be sure to ask your income tax professional if this is a business expense you can write off at the end of the year. Buying a refurbished or used computer can be a great way to save money.

 

Supplies

Boxes, tape, and bubble wrap are necessities of the resale industry. Having a shipping scale label printer will save you time and money in the long run.

 

Storage Space

Where will you keep your inventory? A spare room or garage will work great. You can always rent out a commercial storage unit if your inventory cannot be stored at home.

 

Camera/ Smartphone

You may already be carrying a great quality camera in your back pocket. That’s right that smartphone can serve as your camera. Be sure to include product images every product listing. Use a clean, crisp white backdrop and natural sunlight. If you already have a heavy white sheet or a white canvas you may not have to spend any additional money on your backdrop.

 

DT LOTS IS A WHOLESALE SUPPLIER OF RETAIL RETURNS, CUSTOMER RETURNS, SHELF PULLS, OVERSTOCK, LIQUIDATION, AND CLOSEOUT MERCHANDISE. IF YOU WANT TO START A RESALE BUSINESS GIVE US A CALL AT 800-608-6525 OR CHECK OUT OUR CONTACT PAGE TO GET STARTED!
Open to the Public Monday thru Friday
8am-6pm US Central Time
800-608-6525

‘Tis The Season For Holiday Resale

November 11, 2018 By Maria Holodnaya

wholesale-holiday-decor-products
wholesale-holiday-decor-products

Retailers know the holidays are the busiest time of the year but many in the wholesale resale industry take this time to relax and unwind. Take advantage of this opportunity and outperform your competition.

 

Plan and Prepare

Most holiday purchases are made in the month of November. Start sourcing liquidated gifts and décor, such as these listed on dtlots.com, to meet for your customer’s needs.

 

Create urgency

Increase sales by giving your customers a limited time offer. Your shoppers will feel a sense of urgency when they know your products won’t be for sale much longer.

 

Free Shipping  

Free shipping is a growing trend among retailers, and for good reason. From a psychological standpoint, customers are more likely to purchase if they are presented with one price instead of two. Roll the price of shipping into the price of the product and watch those holiday sales grow!

 

Time Is Of The Essence

Speaking of shipping, make sure your order requests are fulfilled before the holidays start. Make sure Santa arrives on time this year and get those liquidated products in the mail!

 

DT LOTS IS A WHOLESALE SUPPLIER OF RETAIL RETURNS, CUSTOMER RETURNS, SHELF PULLS, OVERSTOCK, LIQUIDATION, AND CLOSEOUT MERCHANDISE. IF YOU WANT TO START A RESALE BUSINESS GIVE US A CALL AT 800-608-6525 OR CHECK OUT OUR CONTACT PAGE TO GET STARTED!
Open to the Public Monday thru Friday
8am-6pm US Central Time
800-608-6525

Sell Wholesale Products on eBay

November 3, 2018 By Maria Holodnaya

sell-wholesale-on-ebay
sell-wholesale-on-ebay

Create an Account

If you are not yet familiar with eBay take some time to explore the site. Once you are ready to open your virtual store think about long-term branding for your business. A name should be professional but unique to you and your company’s mission. Imagine how your business name will translate into other sales channels in the future.

Build a Reputation

A quick way to build up your eBay positive rating is to make a purchase and leave a review for the seller. An inexpensive purchase can be a great way to earn a 5-star review from the seller.

Market Research

Get a sense of what your products will sell for by filtering for sold listings. Instead of searching all auctions, be sure to uncheck the completed items option, too view ones that ended with a sale. Sort by price to see how low in price your competitors are willing to go.

Quality Images Matter

Don’t underestimate the power of a well-lit photograph. The best lighting is completely free. Take your photographs outside on a sunny day. Be sure to include any product imperfections in your photos. You will build a loyal following if you are open and honest about the quality of your inventory.

 

DT LOTS IS A WHOLESALE SUPPLIER OF RETAIL RETURNS, CUSTOMER RETURNS, SHELF PULLS, OVERSTOCK, LIQUIDATION, AND CLOSEOUT MERCHANDISE. IF YOU WANT TO START A RESALE BUSINESS GIVE US A CALL AT 800-608-6525 OR CHECK OUT OUR CONTACT PAGE TO GET STARTED!
Open to the Public Monday thru Friday
8am-6pm US Central Time
800-608-6525

How to Fund Your Resale Inventory

October 27, 2018 By Maria Holodnaya

Behalf-Finanacing-For-Inventory

Behalf-Finanacing-For-InventoryYou see the value in reselling liquidated items but how will you fund your purchase? DT Lots has partnered with Behalf to help you fund your next truckload of liquidated inventory.

Many of us dream of starting our own business or a side hustle, but we hesitate due to the initial financing.  You may ask yourself “Where will I get the money to buy my inventory?”. The good news is financing your pallet purchase is quick and painless with Behalf.

How Does It Work?

Apply for a credit line on Behalf.com. After you complete the Behalf application you are ready to use your credit line on dtlots.com.

Selecting Your Inventory

Put yourself in the customer’s shoes. Do a little market research. What kind of items are selling well this time of year? With the holiday season right around the corner, think about what parents might be shopping for, what holiday decorations will sell well.

Shipping

DT Lots will ship anywhere in the United States. Need international shipping? DT Lots can ship to any US port, commercial, or residential address. From there it will be your responsibility to ship inventory to your country of choice.

Product Images

Take detailed photos of your products. Lighting is essential. Nothing works better than natural sunlight but indoor lighting will do as well.

How Do I Reach My Customers?

Your inventory choice will affect where you find your customer. Electronics and technology enthusiast tend to shop on eBay, whereas, someone looking for yard tools will be shopping on your local craigslist page. Imagine yourself shopping for your product. Which platform are you most likely to shop on?

Here is a list of common resale platforms for liquidated merchandise:

  • eBay.com
  • Craigslist.com
  • Amazon.com
  • Local garage and yard sales
  • Local flea markets
  • Local swap meets
  • Private Facebook groups
  • 5miles app
  • letgo app
  • OfferUp app

Profit

Reap the reward of your hard work. Use your profit to treat yourself or reinvest it in your resale business. Financing your first inventory purchase can seem daunting but it’s a great way to get into wholesale reselling!

 

 

 

DT Lots is a wholesale supplier of retail returns, customer returns, shelf pulls, overstock, liquidation, and closeout merchandise. If you want to start a resale business give us a call at 800-608-6525 or check out our contact page to get started!
Open to the Public Monday thru Friday
8am-6pm US Central Time
800-608-6525

 

Become a Flea Market Seller in Just a Few Steps

October 20, 2018 By Maria Holodnaya

flea-market-seller
flea-market-sellerThere is a reason why flea markets have stood the test of time. They are a gathering place for neighbors and a social event for the local community. You can earn extra money while building long-lasting relationships with loyal flea market customers. So, what does it take to become a flea market seller?

Get an Early Start Give yourself a head start by arriving early at the flea market. You won’t have to rush to set up your booth and you will be ready for the first wave of customers.

Purchase Your Inventory DT Lots offers bulk access to top name brands at drastically low pricing. While other vendors may bring their old, used things from their garage and attic, you will beat your competition by offering a wide selection of high-quality name brand items. Focus on selling products most of the other vendors are not supplying. Clothing, houseware, and electronics are all great product categories to offer.

Showcase Your Products The great thing about flea markets is that it is easy to start and you can avoid a lot of overhead costs. You can price shop for vendor booths or set up your own pop-up canopy. In addition to that you will need; a folding table, some chairs, and storage tubs for smaller inventory items.

Stay Social Join DT Lots on Instagram and Facebook to link up with like-minded folks. Share industry tips and tricks, provide value, and in no time, you will build a network of customers and fellow flea market sellers.

Cash is King Although cash is still widely used at flea markets, don’t lose customers by turning away those who want to pay by card. Take advantage of numerous phone and tablet applications that will allow you to accept credit card payments.

Becoming a flea market seller can be a rewarding and satisfying experience. With DT Lots your side hustle could become an extra source of income.

DT Lots offers a fantastic opportunity for those who are ready to sell at flea markets. If you want your business to grow, you’ll need a steady source of inventory. Many vendors turn to dtlots.com for goods to resell because online shopping is convenient, reliable, and makes it easy to calculate your profit.

 

 

DT Lots is a wholesale supplier of retail returns, customer returns, shelf pulls, overstock, liquidation, and closeout merchandise. If you want to start a resale business give us a call at 800-608-6525 or check out our contact page to get started!
Open to the Public Monday thru Friday
8am-5pm
800-608-6525

 

DT Lots Common Wholesale Terms

October 14, 2018 By Maria Holodnaya

wholesale-glossary

wholesale-glossaryInterested in learning more about the wholesale industry? Here are a few terms you will hear being thrown around in our DT Lots warehouse in Dallas.

 

B2B. Business-to-Business is a business deal between two businesses. An example is business between a retailer and a wholesaler.

B2C. Business-to-Consumer is a business deal between a business and a consumer. Also known as direct-to-consumer.

Back Order. Products ordered but not available for shipping due to out of stock inventory.

BOL. Bill of Lading is a document that gives primary details to the carrier. The document may contain information such as the sender’s and receiver’s name, the address of the receiver, dates of departure and arrival, and a list of goods.

Cash on Delivery. Cash on Delivery is a term used in wholesale agreement wherein the retailer will pay for ordered goods upon delivery.

Channels of Distribution. A chain of businesses through which goods pass until it reaches the end consumer.

Consignment. Consignment is an arrangement between a retailer and a seller. The retailer places the product in their storefront without buying it from the seller. When the product sells the retailer only keeps a percentage of the revenue.

Customer Returns. Products that have been purchased and returned due to a number of reasons including; defect, malfunction, regret of an impulse purchase, and un-satisfaction with the purchase.

Delivery Window. The time period when the delivery is expected to arrive.

Drop Shipping. A shipping method used by retailers. The retailer, instead of keeping goods in stock, forwards customer orders to the manufacturer. The manufacturer ships goods directly to the customer.

Factory Restored. Used electronic devices that are returned to original factory settings. The devices are purged of any stored data or previous user’s personal information.

FOB. Freight on board refers to free on board, when the buyer pays to have the goods transported.

FTL. Refers to a full truckload; a shipment that will take up all or a majority of space in a shipping truck.

Liquidation. Liquidation is the process of converting assets into cash, where the owner agrees to accept a cash payment for the asset.

LTL. Less Than Truckload is a shipping service for small loads or freight.

Manifest. A written list of inventory. The list can include information about the model numbers, the quantity of the goods, the retail value of the individual products and the wholesale value.

Markdown. A reduction of the original selling price.

Markup. A percentage added to the cost of a product. Markups are added to wholesale prices to gain profits.

MSRP. Manufacturer’s Suggested Retail Price is the recommended retail price. It is the price at which the manufacturer recommends the product be sold in retail stores.

Multiple Unit Pricing. Multiple unit pricing is a tiered pricing system based on quantity purchased. Customers who buy in large quantities will receive discounts.

Niche/ Target Market. A market in which a retailer aims to sell their products based on set constraints and opportunities.

Overstock. A manufacturer’s excessive stock of inventory. Manufacturers are known to sell at a discount when they have more inventory than they can sell.

Pallet. A wrapped unit of wholesale merchandise.

Purchase Order. A legally binding document submitted by a buyer to a seller. The purchase order contains details about the product, quantity, cost, terms of payment, and the expected date of delivery.

QR Code. The Quick Response Code is a pixilated barcode read by smartphones and is used to link viewers to more product information on the web.

Resale Numbers and Tax IDs. Resale numbers exempt the retailer from paying sales taxes on purchased wholesale goods. Tax IDs are used to identify the retailer and the legitimacy of their business.

Shelf Life. Set expiration time for perishable products.

SKU. A Stock Keeping Unit is an identification code in a product line. The code is a combination of eight characters that are related to the product details, brand, size, and manufacturer.

Supply Chain. The process and network of getting goods to the end consumer.

Surplus. See Overstock.

UPC. A Universal Product Code consists of a series of thick and thin bars printed on product packaging. This code contains information such as model number, size, and color. It is used by retailers to track unit sales, inventory levels, and other factors.

Wholesale. A part of the supply chain which sells to retailers.

 

DT Lots is a wholesale supplier of retail returns, customer returns, shelf pulls, overstock, liquidation, and closeout merchandise. If you want to start a resale business give us a call at 800-608-6525 or check out our contact page to get started!
Open to the Public Mon thru Fri
8am-5pm
800-608-6525

 

How to Purchase Pallets and Truckloads Online

October 6, 2018 By Maria Holodnaya

shop-online-dtlots
shop-online-anytime-dtlots

You are ready to start your resale business but It can be scary buying a pallet of wholesale items online. Especially if it is your first time.

 

What is inside the pallet?

Not seeing and touching each individual item in a pallet can be scary but even in physical warehouses pallets cannot be unwrapped and viewed. That is why DT Lots provides detailed manifests with their pallets. The manifest will include Universal Product Codes (UPCs) and the manufacturer’s suggested retail price (MSRP) for each item. These numbers are your guide to determining the potential resale value.

 

What about the price?

DT Lots online prices are the same as in-store prices. You can save money on gas and travel. If you do not have a wholesale warehouse near you, shopping online can be a great option. You are not limited to store hours. You can shop on dtlots.com anytime it is convenient for you.

 

How will my pallet be delivered?

It’s easy to calculate your shipping costs at dtlots.com. Select the pallet you are interested in and hit the “add to cart” button. Scroll down and select “proceed to checkout”. Fill out your billing and shipping information to see your shipping costs. DT Lots provides fast and reliable shipping anywhere in the US. If you are looking to ship internationally, DT Lots can ship to any port in the US.

 

Ok, I am ready to buy!

Congratulations on your new business! Just like shopping online for every-day items was once uneasy, it’s the now the norm. Shopping for your resale business can be just as easy and reliable. This weekend only use promo code COLUMBUS to take an additional 10% off your purchase! Sale ends 10/08/2018.

 

DT Lots is a wholesale supplier of retail returns, customer returns, shelf pulls, overstock, liquidation, and closeout merchandise. If you want to start a resale business give us a call at 800-608-6525 or check out our contact page to get started!
Open to the Public Mon thru Fri
8am-5pm
800-608-6525

 

How to Make Money with Reselling Wholesale Clothes

September 22, 2018 By Maria Holodnaya

wholesale-clothes-for-resale
 wholesale-clothes-for-resale-01
The clothes and apparel is a $315 billion-dollar industry. Get a piece of the pie by reselling clothes at a higher margin in your boutique. Sourcing wholesale clothing at auctions is one of the best ways to get started. Check out why not market place, an online auction house where you can find unbelievable value! The DT Lots auction to watch for this week is going live Sunday, September 23. Be sure to register ahead of time to secure your spot for this event.

 

Vintage doesn’t mean outdated. To others, they may look like an outdated, dusty, clothes but to you they are treasured vintage pieces. All they need is a good wash, steam, and repair.

 

Start a boutique store. Your target customer wants to express themselves through clothes. They want unique pieces that no one else has access to. Build a brand and a name for yourself by providing one of a kind vintage clothes for your customers.

 

Don’t limit yourself. Don’t tie yourself down to one sales channel. Sell online and utilize social media. But why stop there? Maybe you are not ready to open a physical store but you can rent space to showcase your clothes. Try flea markets, garage sales, or throw a clothes party at your home for your customers.

 

Reap the rewards. If you work fulltime or don’t have a lot of time on your hands sourcing wholesale clothes at auctions can be a great way to earn a side income. If on the other hand, you are devoted to making your boutique store a huge success auctions can be a great way to break into the apparel industry. Be sure to check out why not market place, this Sunday, September 23. Register ahead of time to secure your spot for this event!

 

DT Lots is a wholesale supplier of retail returns, customer returns, shelf pulls, overstock, liquidation, and closeout merchandise. If you want to start a resale business give us a call at 800-608-6525 or check out our contact page to get started!
Open to the Public Mon thru Fri
8am-5pm
800-608-6525

 

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