Everyone loves a great deal – and that’s especially true for clothing. What you wear is an expression of yourself, after all.
The rush you get from scoring an amazing deal on a killer fashion find is like no other. It doesn’t matter how much or how little money you’ve got, a bargain puts a smile on anybody’s face!
Would you like to be on the other side of that scenario? There’s good money to be made in the resale fashion market!
In the US alone, the resale industry has raked in roughly $17 billion dollars. They don’t call it retail therapy for nothing!
Don’t know where to start? We’ve got five tips to get you started finding and selling liquidated clothes!
1) Get The Timing Right
Manufacturers unload seasonal clothing once the moment has passed. Think bathing suits in fall or bulky coats in spring.
This is a great opportunity for you to snatch up any merchandise at a ridiculously low price!
Keep an eye out for these seasonal opportunities!
2) Use All Of Your Resources
Don’t just buy in bulk from clothing suppliers. The internet has opened up a whole new world of possibilities when it comes to liquidated clothes!
Keep an eye out for estate sales or store closings. Check sites like eBay or Craig’s List for sales of dead stock. Call around and see if stores have ordered too much of a particular item.
3) Create A Game Plan
Buying liquidated clothes is easy enough. The hard part is creating a system that works right for you. Here are a few things to consider:
Do you want a physical or online store? There are different strategies for both types of locations. Do some research to see what you want to take on.
Are you reselling general clothing or will you have a niche, like say, prom dresses?
Do you have a way to keep track of your inventory? There are programs like Zenventory that are a life saver!
4) Get Your Paperwork In Order
Depending on where you live, you’ll have to figure out what paperwork you’ll need to sell your goods.
The most common one is a resale tax certificate. This allows you to resell any items you’ve purchased in bulk.
In some cases, you can even get a multi-state permit. Do your homework and make sure you’ve got everything necessary to realize your dreams.
5) Market Yourself
Remember your game plan? That comes in to play when it comes to marketing yourself.
Whether or not you have a physical location affects your marketing strategy. You’ll either need to draw people in or pay for online ads that drive clicks to your site.
Either way, social media is one free way to get the word out. Utilize it and watch your business grow!
Start Selling Liquidated Clothes Today!
Our tips have given you a roadmap to realizing your goals of bringing bargains to happy shoppers. Your drive is going to take you the rest of the way there.
Looking for more inspiration for your business? Check out our business resources blog and make your retail dreams an amazing reality!