With many retailers going out of business, liquidating companies are having a field day. Selling of a dying business’s inventory has never been booming quite this much. If you wish to attend a liquidation sale there are a few things you need to be aware of if you want to get the best deals.
Keep in mind that the liquidator wants to make a profit, as well as getting money for the retailer. If you are first in line at a liquidation sale, there may be the best pickings of the inventory, but the prices will be higher. Prices will only begin to decrease as the sale goes on and the liquidator sees what is selling and what isn’t.
On the other hand, if you wait a while before going to a liquidation sale, you may not find the items that are of interest to you, even if you do get better deals on the inventory that remains. Your timing is important. Visit the sale often to see how items are moving, and how price fluctuations are being revealed.
You can get bargains at liquidation sales, but you must remember that the liquidator’s primary goal is profit for himself. You may have to shop around at your regular retailers to see if you can’t get a better deal there. It also depends on how much you want a certain item, and how quickly you need it. If you have the patience to wait for liquidation sales prices to go down, you may get lucky. Of course if you have money to spend, you will get what you want.
You must know that the retailer who is going out of business will have a certain amount of overhead during a liquidation sale, what with rent, and paying employees and that may affect how much assets he ends up with. Paying a liquidator either a fee or a percentage of the total sale, he might not do as well as he had hoped.
The bottom line with liquidation sales is that your patience is most important. Comparison shopping is also a really good idea. And do your research on the company going out of business. That may give you a clue as to how eager they are to get rid of inventory. A little insight into the process can go a long way to ensuring you get a good deal.