If you are an eBay seller, store owner, flea market vendor or even an exporter, yous should be on the look out for new sources for inventory. I am certain that you spend countless hours searching the net looking for new suppliers to buy from.
Have you tried wholesale trade magazines or better know as trade publications? I subscribe to several full color magazines which are mailed to my office once a month, free of charge.
Most of the magazines not only offer tons of new wholesale sources, but also current marketing and retail advice. One magazine in particular, WebWholesaler, is by far the best trade publication out there. Each issue is packed with a variety of wholesale sources for clothing, accessories, jewelry, general merchandise, tools, electronics and more!
I would personally recommend you sign up for a FREE subscription to WebWholesaler. There is no obligation what so ever. Fill out a simple form and you should receive the next issue hot off the press!
What the heck is Shelf Pull merchandise? Just as it sounds, shelf pulls are retail products that have been on display in a retail store and then subsequently “Pulled” from the shelf for various reasons. Big Box retailers will pull items from the sales floor for several reasons, including:
- End of season model/style
- Initially purchased too much of an item and therefor have excess unsold stock
- Product no longer being manufactured or distributed
- Product being recalled due to a safety hazard
Most of the time, retailers simply pull items from their retail sales floor to bring in newer items. Think about it, most stores rotate stock to keep their inventory looking fresh and new. Due to this reason, there is an abundance of merchandise which can be purchased on a wholesale level and resold for a great profit. There is no better way to “tap” into major name brands on a wholesale level. The great thing about buying shelf pulled merchandise is simply cost. often, shelf pull merchandise can be purchased for “pennies” on the original wholesale dollar!
Are you looking for name brand merchandise to resell on eBay or through your ecommerce store? Shelf pull merchandise can also be sold through your store front and exported throughout the world!
Ok, I have convinced you…I can tell. Where do you find Shelf Pull merchandise?
Shelf pull merchandise can be purchased through Wholesale Liquidators or buying directly from each department store. Some department stores have their own liquidation department where they sell pallets and truckloads of shelf pull and customer returned merchandise. Most big box retailers will contract a ‘Third Party” liquidation company to move excess or unwanted merchandise. In this case, dealing with this third party is considered buying direct.
What exactly is a Seller’s Permit? Sometimes referred to as a Sales Tax License or Resale License this is simply a legal permit to sell taxable merchandise. As a seller’s permit holder, you agree to collect and remit sales tax to the Franchise Tax Board in your specific state. You will need to obtain a sellers permit if you plan on purchasing merchandise on a wholesale level, as most suppliers will require that your license be on file. The license tells the wholesale supplier that you are engaged in reselling merchandise and collecting the appropriate amount of sales tax as required by the Franchise Tax board for your state.
Anyone engaged in retailing merchandise must apply for a state resale license with the State board of Equalization. The process consist of filling out an application offering information about your business. The issuance of your license can take up to two weeks after you application has been submitted.
An application for a resale license will contain all the information you will need to comply with collecting and distributing sales tax for the items you retail in your state. You must collect sales tax for those items which are purchased in the same state your business resides in. For example, an apparel retailer who operates in California must charge sales tax for any purchases or shipment of merchandise (on a retail level) in the state of California. Please consult the Franchise Tax Board or your accountant for retail sales across state lines.
