Buying Surplus Goods Can Save You Money

Welcome to iSellSurplus, the best place to get the scoop on the surplus goods industry. We do it all. You’ll learn how to buy and sell surplus stock on our site. Also, we have flash sales of surplus goods so it would be advantageous to join our email list. I wish we always had goods in stock, but surplus buys don’t work in that way. For that reason, we only let our email list in on the fun. If you want to join our exclusive list, send us an email through our contact form titled, “Join Epic List.”

The Process: Everything You Need to Know

Here’s how it works. We contact surplus companies and regular companies to see if they have any goods they are looking to unload. Most companies already have places to unload their leftover inventory, so it can be tough to wiggle in but it’s not impossible. We’re pretty good at sweet talking companies and building relationships because we’ve been at this for a good amount of time.

Image Credit: www.webpronews.com

The key is to build a relationship and not just begging for their stuff. Companies get approached several times a day by novice internet wannabes, asking them for stuff. Any company that’s been in business for any length of time will have a hard shell around them. They’re used to fighting off all the crazy requests they get. Your job is to be abnormal. Offer them something instead of just asking to purchase their excess inventory.

You don’t have to offer anything really big, but it’s the thought that counts here. You could offer to promote some of their products on your Facebook page or to your email list. A small gesture like that could be enough to make them fall in love with you.

I’m not going to give you anymore examples because you want to get creative with the process. Everyone in the uncensored world has access to this website, so you don’t want me to give a whole bunch of examples. That will stifle your creativity and you’ll use my examples as your template along with a million other people.

Spamming is a huge problem on the internet and you wouldn’t want your messages to read the same as the messages from spammers. You can learn more about how spamming is degrading the quality of the internet here.

Next thing you know, all of the companies in the world will be immune to the examples on this website. That’s why you have to come up with your own hook, line, and sinker.

The Follow Up

After sending your initial email, wait two days before following up. Sometimes companies get busy and forget to reply to your email even though they intended to reply. Following up 2-3 days later will increase your response rate by 24% or more. The numbers will be lower for you since you’re new at this but it will still increase your success rate.

If they reply to the first email, they’re interested. They might not have any excess inventory at the moment, but they’ll put you on their buyers list. Companies that don’t have steady buyers are always looking for places to unload their inventory to make room for the newest gizmos. For a company to take the time to reply to you at all means a lot, even if the answer is no.

When you get your first yes, things will move fast. The details of what happens next will vary from company to company but it’s a similar process. You and the company will enter into the negotiation phase. If you’re happy with the first quote they gave you, then you don’t have to negotiate. Saving a few cents per item on a big order could increase your profitability by a wide margin so it might be worth it to push the envelope. Remember, everything in life is negotiable.

Make The Purchase

After settling on a price everything is pretty straightforward. They’ll send you an invoice and you’ll purchase the stock. Some companies require the full payment upfront, others require a down payment and allow for payment plans. The way you decide to pay for it is up to you. If you can’t afford to pay it all upfront, getting a small loan or using your credit card will allow you more time to finish paying. Smaller orders always require the full payment upfront. After paying they’ll ship your goods and then you get to do what you do best, move products.

Hopefully you found this guide helpful and don’t forget to read the pro tip below!

Pro Tip: Use industry jargon

I’ll give you an example for this but I can’t give you anymore pitch examples for the reasons stated above. When approaching a site like www.vapepenstarterkit.com, you would want to use vape slang in your email.

Don’t say, “Hey my fellow smokers! Do you have any excess smoke sticks in your inventory that I could buy in bulk?” Your email would go right in the trash and wouldn’t even get a response. An email like that is as good as salt to a slug. Using words like atty or cigalikes would help them to feel like you’re part of their community. When a company feels connected with you, they’re more likely to do business with you.

The 4 Best Places To Buy Cheap Goods Online

If you like to save money, you’ve come to the right place. By signing up for various newsletters and keeping an eye out for deals, you’ll be able to find some amazing things online. The four best places to buy cheap goods online are listed below.

1. Amazon

amazon-logo  We’re sure you’re familiar with the world’s largest eCommerce site, Amazon. Their website is a great place to find good deals. If you’re a Prime member, then you get access to even more deals. Amazon can be a really good place to get cheap items. You’d be surprised. The cool thing about Amazon is that they have a lot of major brands that sell on their channel. Unfortunately, Apple and Amazon don’t seem to be on good terms. If you’re looking to get Apple products for cheap, your best bet is to buy them used from regular people on apps like OfferUp or sites like Craigslist.

2. eBay

ebay-logoYou’d be surprised at how much great stuff you can find at an obvious site like eBay. People don’t think of it as a surplus site, but that’s exactly what it is. The surplus goods from all over the world end up on eBay. Amazon is a lot different than eBay. Unlike Amazon, eBay doesn’t have many official brands that host a shop. It’s mostly composed of random people who have something to sell. People can make a good living by selling random items on eBay.

You also have stores that operate more like brands but they’re usually knockoffs. You can buy legitimate namebrand stuff on eBay, but it’s usually from a regular person and not a store. The stores sell not as well known name brands. We each have several friends that order surplus items from China, mark up the price, and sell it on eBay. That leads us to our next shopping spot.

3. Ali Express and Alibaba

ali-express-logoThese two eCommerce giants are a force to be reckoned with. They both have thousands, if not millions of surplus goods. Ali Express is the retail site. It’s comparable to eBay. You’ll hear people refer to it as, “the Chinese eBay.” We don’t really like that phrase. Even though eBay was around first, we like to call eBay “the American Ali Express” because Ali Express is way better.

There’s a larger selection of items on Ali Express and they’re almost always cheaper. Ali Express has sellers that are in the states, but the majority of sellers are from China. It’s the reverse of eBay. If you don’t mind waiting a while to get your items, then Ali Express is a surplus shoppers dream.

Alibaba is the wholesale arm of the Ali companies. On Ali Express you can buy singular items. This isn’t the case on Alibaba. Every vendor sets their minimum order quantity on Alibaba because it’s a wholesale only site. Some of the MOQs can be humongous. Unless you own a store or just like to stockpile surplus items, then you’d be better off shopping at Ali Express.

4. Wish

wish-logoIf you have never visited Wish, you should check it out. It seems like it was created to compete with Ali Express. We’ve ordered a few items from there and from Ali Express and we can’t tell the difference. Either a lot of the same vendors sell on both platforms, or people are buying from Ali Express and selling the items on Wish. We say this because Ali Express is usually the cheaper site. One thing to note, Wish’s website looks amazing. Tip of the cap to their GUI team.

Leave a comment about your favorite place to shop online and describe why, even if it’s not on the list. If you find a hidden gem, we’ll add it to the list.

Thanks for reading,
iSellSurplus Team