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3 Powerful Strategies To Use Closeout Suppliers When You Own A Dollar Store
By Bob Hamilton
If you own a dollar store you are likely feeling the tightening of profits as prices for replenishment merchandise continue to increase. In some cases it’s almost as if you are going up on an elevator, but there just isn’t a top floor! Every time you think you’ve got cost-of-goods-sold or freight hauling costs under control, another change occurs. Yet one of the things you have not done is to examine closeout and liquidation companies as an options. That is exactly the move to make. Why not buy products for pennies on the dollar? Why not provide products selling for well over $1.00 for only a dollar? Read on as I present 3 powerful strategies to use closeout suppliers when you own a dollar store.


1. Closeout and liquidation companies provide an excellent source for new, overstock or shelf-pull dollar store merchandise. With the economic times we are in, suppliers are eager to reduce their warehouse inventory. As a result closeout and liquidation companies step in and resell this merchandise to you for just pennies on the dollar. Your best strategy for locating this merchandise when it’s needed is to invest the time upfront to locate several suppliers who carry dollar store merchandise periodically. Then search all of those suppliers when you are ready and locate the deal you seek. Be forewarned – this merchandise goes fast. If you find the right deal for you, make your purchase while there are items available.

2. Another strategy when you own a dollar store is to pay pennies on the dollar for new, overstock or shelf-pull merchandise selling for much more than $1.00. This strategy will help stock

your store full of great merchandise that isn’t normally available in dollar stores. It’s just a matter of locating items that will appeal to your routine shoppers. The prices will amaze you. You’ll make a profit and you’ll have customers who can’t believe their eyes when they see the items you are selling!

3. Buy seasonal merchandise off-season for unbelievable savings. Carrying the right seasonal merchandise is often the difference sport ween a so-so year and a very profitable year for your store. If you have storage available, shop closeout and liquidation companies for seasonal merchandise 6 months or more early. For example, purchase Easter merchandise during the summer and fall, Thanksgiving and Christmas in the spring and summer. Once again you’ll discover unbelievable pricing on merchandise you’d normally never be able to sell in your store. Sure you’ll still need to fill in with seasonal merchandise from your normal sources, but make great profits and offer great buys to your shoppers to keep them coming back time and again during the holidays. Watch the sales grow using this strategy.

Using closeout and liquidation suppliers as a resource for merchandise is an important strategy to consider when you own a dollar store. Be sure to start cautiously and learn the ins and outs. As you become more confident start looking for the great deals where you can pay pennies on the dollar for merchandise. Your customers will be thrilled.

To your dollar store business success!
Find out how you can open your own dollar store business.

Bob Hamilton is an entrepreneur, author, writer, business consultant and trainer.

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