The subsequent techniques for making money with closeout merchandise are incredibly effective.
When used properly they can attract customers and directly strength your bottom level line. TDW Closeouts
Closeout Tip #1
Sells merchandise at 50 percent to 75% below full every day.
Customers will be pleasantly surprised about how low your prices are, and the news will distributed
quickly by person to person.
Closeout Tip #2
Offer free merchandise with every purchase. In the closeout business you can
purchase inexpensive merchandise at extremely cheap prices. Since your cost is so cheap every item,
you can pay for to give customers free goods with every purchase.
Even though your cost will be small, and customers will be touched by this gesture, and
further patronize your business.
Closeout Idea #3
Hold raffles for expensive merchandise. Imagine having a raffle for a $500
DVD player, with customers acquiring a free ticket for simply arriving into your store.
When customers are in your store, there is a good chance of them making a purchase.
While you can buy a DVD AND BLU-RAY player as a closeout for as low 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 located in a restaurant that offers a free of charge T-shirt with a $10,50 purchase, and have a similar flyer located in your store, offering a free soda with a purchase at your store.
Every time a customer spends $12 at the restaurant, this individual will receive the hazard 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 directed at the customer at your store, after making a purchase of your merchandise.
This kind of a campaign is very effective at developing customers that or else might
not visit your store.
Although it seems like you are shedding money on this advertising, you will gain as individuals shoppers return to your store and get 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 employed by merchants, open air market sellers, and eBay sellers.