Alarmingly Powerful Ideas For Making Money With Closeouts

Alarmingly Powerful Ideas For Making Money With Closeouts

The following tips for making money with closeout merchandise are very effective.
When used properly they can attract customers and directly strength your bottom line.

Closeout Tip #1

Sells merchandise at 50% to 75% below retail every day.
Customers will be amazed at how low your prices are, and the news will spread
quickly by word of mouth.

Closeout Tip #2

Offer free merchandise with every purchase. In the closeout business you can
purchase wholesale merchandise at extremely cheap prices. Since your cost is so cheap per item,
you can afford to give customers free merchandise with every purchase.

Although your cost will be small, customers will be touched by this gesture, and
further patronize your business.

Closeout Tip #3

Hold raffles for expensive merchandise. Imagine having a raffle for a $500
DVD player, with customers receiving a free ticket for simply coming into your store.
Once customers are in your store, there is a good chance of them making a purchase.
Since you can buy a DVD player as a closeout for as little as 10% of the original retail,
your cost for the raffle is as low as $50.

Closeout Tip #4

Cross promote sales with neighborhood establishments. Have a flyer placed in a restaurant that offers a free T-shirt with a $10 purchase, and have a similar flyer placed in your store, offering a free soda with a purchase at your store.

When a customer spends $10 at the restaurant, he will be given the flyer so that
he can redeem his T-shirt at your store. The same works the other way, with the flyer for the free soda being given to the customer at your store, after making a purchase of your merchandise.

This type of a promotion is very effective at bringing in customers that otherwise might
not visit your store.

Although it seems like you are losing money on this promotion, you will gain as those customers return to your store and buy more.

Remember that the free T-shirt that you are giving away, might only have cost you
a dollar at most. The amount of money that customer can spend later on can be in the thousands.

These highly effective, money making tips, can be used by retailers, flea market vendors, and eBay sellers.

Donny Lowy runs http://www.closeoutexplosion.com an online wholesale business that focus on brand name prodcuts. He can be reached at 718-389-5502 All of his products are priced 50-90% below wholesale.

You can also search for more wholesale products athttp://www.wholesalequest.com

Discover how to make money in the closeout and wholesale business, visit my personal blog:http://www.wholesalecloseoutsecrets.blogspot.com

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