Value And Wholesale Closeouts – Good For Your Customers, Good For Business

Value and wholesale closeouts – good for your customers, good for business

At TigerTrade we enable our customers to add value to their customers. We do this by helping our customers to keep their prices low and passing the savings on to their customers, including retailers and consumers.

No matter what type of product your business sells, it is possible to find closeout items and benefit from their low prices. At TigerTrade [link] we are proud to lead the online wholesale marketplace for buying and selling excess inventory for apparel, footwear, fashion accessories, toys and beauty products. Handling 21 million units of stock at any one time, we serve global brands, retail chains and wholesale buyers around the world.

There are many advantages to adding closeouts to your product mix:

Competitive, lower prices for your customers – Sourcing discounted inventory lets you sell at low prices that are great for retailers and great for you

Opportunity for promotional prices – Overstock items can be good promotional tools: you can offer bargains and savings on to your customers, or even offer free gifts

Test new products cost-effectively – Regularly changing inventory allows you to diversify and supplement your main ‘bread and butter’ stock. Even for stores that are not dealing exclusively in off-price, closeouts can be an opportunity. They are a cost-effective way to test new brands and styles to see what will sell; you will be able to offer a range of styles and inventories to your customers and learn what kinds of items get the best response.

More contact with your customers – Rotating stock gives you the chance to stay in touch with your customers: every time you get in a new lot is an opportunity to reach out to your buyers and let them know what you have in. This is a great way to stay top of mind.

Want to know how overstock could help your business? Then contact us today for a consultation and to learn how to maximize ROI and opportunities when buying or selling overstock – simply add your details to the form below and one of our specialists will contact you.

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The Importance Of Trust In Stocklots

The Importance Of Trust In Stocklots

Most buyers simply cannot afford the potential damages that can result from buying unverified stocklots. For that reason they deal with suppliers and clients with whom they have formed longstanding relationships. This is why trust is such a vitally important factor in this industry.

If you are working with a new supplier for the first time, there are a few precautions you can take to verify them as being legitimate. Asking to see their business registration, doing some background research on their company, and checking their email address are all quick and simple ways to protect yourself from scams. (View a detailed and very informative thread on this topic here.)

When it comes to establishing trust and verifying a lot, you don’t’ have to go it alone. TigerTrade pre-verifies all of its stocklots and works with sellers directly to guarantee that all of the merchandise is legitimate.

 

Channel Control On Your Inventory

Managing channel control on your business’s inventory is a question of details and organization. First, it is important to be sure that you read and understand every part of the agreement you sign with your supplier. Even if your agreement does not explicitly mention any restrictions on where and how you are allowed to sell this merchandise, it is prudent to conduct some research on the brand and product before you buy.

If you find yourself uncertain about the rules regarding the resale of the goods, you can reach out to your trusted contact, or the brand directly. They should be able to provide you with paperwork proving the lot’s authenticity and detailing any channel restrictions that may be in place.

A secondary option is to consult online forums where other sellers have posted their experiences about working with branded merchandise. These forums can be valuable resources for getting advice and insights about how the markets and the industry works. Two of our favorites are retailersforum.com and wholesaleforum.com.
And as we mentioned above, TigerTrade will also handle much of your distribution channel management for you!

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Welcome To The New TigerTrade Blog

Welcome To The New TigerTrade Blog

I’m excited to welcome you to the new TigerTrade!

Here you’ll find updates, stories, and useful tidbits culled from our years of experience working in fashion wholesale. Make sure to check back here for new content, and please leave us comments! If you have questions about the industry that you’d like to see addressed in a blog post, let us know – we are here to help.

Best,

Tanjila Islam – CEO of TigerTrade

 

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