How can I start my reselling business online?
Reselling liquidation lots can be a fun, fascinating, and profitable business. Many people would like to get in on such a venture but don’t know where to start.
The first and most important step is to determine what your niche will be. “Reselling liquidations” is far too broad for a brand new business, so you’ll want to narrow it down a bit. You may choose to resell items in a particular category such as clothing, electronics, or home goods. Some prefer to instead target resales from a specific retailer. If you choose to pursue this route, it’s best to select a retailer with a focus such as a home goods store or an electronics seller, rather than a broader catalog of general merchandise like Amazon or Walmart.
Once you’ve determined your niche, it’s important to research it thoroughly. Familiarize yourself with the types of products you’ll be selling and the current trends surrounding them. Find a good source of information on the direction your products are heading so you can anticipate coming changes in your market.
Finally, you’ll want to figure out where and how you will resell the items. Will you make them available online or have a physical presence in your town? There are a number of websites that are excellent for resellers such as eBay and Amazon. For local businesses, it may be best to start out with a stall at a local flea market or consignment mall.
When is the best time to start my reselling business?
While liquidation lots are available year-round, and it’s possible to start a resale business at any time of your choosing, it’s widely accepted that January is the best month for liquidation auctions. This is because retailers have a huge number of post-holiday season returns to process and many of these are still brand new products in perfect condition. Additionally, many retailers are liquidating merchandise they only carry on a seasonal basis, as gifts for the holiday season. For this reason, you’ll find the best selection of inventory, and often the highest discounts too, because of the sheer number of auctions going on after the first of the year.
What products can I sell to make money?
The truth is, almost any nonperishable good that is for sale in a retail store can also be found in a liquidation auction. Here is a list of some of the most common categories:
- Apparel, Footwear & Accessories
- Automotive Supplies
- Books, Movies & Music
- Cell Phones
- Computer, Equipment & Software
- Consumer Electronics
- Health & Beauty
- Home & Garden
- Industrial Equipment & Building
- Jewelry & Watches
- Mixed Lots
- Office Supplies
- Toys, Kids & Baby
What retailers should I consider purchasing returns from?
The good news is that there are dozens of top retailers and manufacturers who sell returns and other products through liquidation auctions. One good approach is to focus on a retailer you shop regularly. This way you will likely be more familiar with the types of products they carry and better able to gauge the market. Some of the most popular include:
- Best Buy
- GE Appliances
- Eddie Bauer
- JC Penney
- Sam’s Club
- Nordstrom Rack
- The Home Depot
Where can I purchase goods to resell on my own?
The B-Stock network is an excellent place to start. Our sourcing network features liquidations from dozens of leading manufacturers and retailers. We offer returns, liquidations, and overstock auctions as well. With our large selection, you’re sure to find plenty of auction lots to fit your inventory needs and your business budget. And since our network is so vast, you only need to apply for a reseller account once to gain access to auctions of all sizes and price points, located in warehouses across the country.
How much money can you make reselling goods online?
Some seem to believe that reselling auctioned goods online is a quick and easy way to make a buck. While it’s true that this can be a lucrative business, it can also be a lot of hard work, so it’s best to go into it with a good understanding of the process and its requirements. The best way to maximize your profits is to do plenty of research before you begin. Understanding your market, your target buyers, reselling requirements, and the sites you’ll be selling on is key. The more information you gather about your business before you begin, the better prepared you will be and the more likely you are to make reselling a success.
B-Stock works with nine of the top 10 U.S. retailers to help resell their returns, overstock, and other liquidation merchandise. We have dozens of private retailer marketplaces across different categories and conditions to suit your business inventory needs.
Which Way Wednesday – Fed Edition
And once again the Futures are up.
As you can see from the S&P chart, we have had some massive gaps up in the thinly traded open and then drifted down during real trading at the end of the day. This is like someone who works for the auction house shouting "100 Million Dollars" on the first bid for a painting to make sure the other suckers in the audience start bidding higher.
In the case of the markets, the Banksters buy up the Futures on thin trading (so it's very cheap to do) and cause the Retail Suckers to pour in and chase the momentum so the Banksters can dump their stocks all day long during real volume trading. This is how rich people exit the market - they create a buying atmosphere and they take their profits while poor people follow their advice - which doesn't actually apply to their own actions. You see the big brokerage houses doing that all the time, exiting positions while their analysts are pumping the
We had a good day yesterday shorting the Dow (/YM) Futures from our trade idea in the Morning Report and congratulations to all who played along. Our morning call for our Members was:
So we're sticking with our strategy of shorting the indexes (which didn't work yesterday) as we're likely to be rejected here (Dow (/YM) 28,100, S&P (/ES) 3,405, Nasdaq (/NQ) 11,475 and Russell (/RTY) 1,550) and, as usual, we can just short the laggards, which would be /ES crossing below 3,400 and /YM confirming below 28,000 - we should catch a quick ride down but the Fed goes tomorrow and that should give the marketsupport until they are disappointed by that so tight stops above!
As you can see, this wasn't rocket science, the pivot points on the Dow were 28,014 and 27,795 and we simply allowed for the pre-market BS pump job and took a stab at shorting early but once we confirmed the move below 28,000, it was a no-brained to jump in for the 200-point drop on the Dow (at $5 per point, per contract!). This morning we're back to 28,000 again but we have a Fed Meeting at 2pm so it's not a good day to play the futures - too volatile.
Speaking of volatile,
The IPOX® Week, September 14th, 2020
- IPOX Indexes trade mixed as IPOX Europe (ETF: FPXE) gains ahead of U.S. Futures & Option expiration.
- IPOX SPAC Index (SPAC) adds +1.78% last week.
- Amid strong demand for quality deals, global New Listings calendar busy: Snowflake, JFrog, Sumo Logic, Unity, Palantir, Knaus Tabbert and The Hut Group line up for debut.
IPOX Indexes trade mixed as Europe outperforms ahead of U.S. Futures & Options expiration. Amid declining risk (VIX: -12.62%) and U.S. yields, the IPOX Indexes traded mixed last week. In the U.S., e.g, the FANG-free, asset allocation-focused IPOX 100 U.S. (ETF: FPX) declined by -1.48% to +13.35% YTD, extending the YTD (YY) lead vs. the S&P 500 (SPX), benchmark for U.S. stocks, to +994 bps. (+654 bps.). Here, deteriorating sentiment for large-cap U.S. technology stocks after the big run-up weighed on sentiment (NDX: -4.60%) of the technology-focused portion of the IPOX 100 U.S. (ETF: FPX), including application software maker Coupa (COUP US: -14.87%), real time messaging software maker Slack (WORK US: -11.73%) and electronic signature solutions provider Docusign (DOCU US: -8.47%). A strong week for ride hailing services provider IPOX heavyweights Uber (UBER US:
and social networker SNAP (SNAP US: +7.80%) helped sentiment. Abroad, the IPOX International (IPXI), underlying for the $300 million “FPXI” ETF, dropped -0.94% to +40.73% YTD. Profit-taking across the Asia-Pacific-traded portion of the portfolio contributed significantly, including data center operator GDS (GDS US: -7.29%), ecommerce platform provider Meituan Dianping (3690 HK: -7.26%) and logistics services company SG Holdings (9143 JP: -6.29%). IPOX heavyweight Nexi (NEXI IM: +15.10%) surged after the Italian payment processor and SIA Group said to be close to clearing a key hurdle to their potential merger.
Track the performance of U.S. SPACs live with the IPOX® SPAC Index (BBG: SPAC, Reuters: .SPAC): The liquid IPOX SPAC (SPAC) added +1.78% last week, outperforming the S&P 500 (SPX) and Russell 2000 (RTY) anew. IPOX SPAC news include: 1) sales and marketing services provider Advantage Solutions to merge with Conyers Park II Acquisition; 2) zinc battery maker Eos Energy Storage enters into definitive agreement to combine with B. Riley Principal Merger II; 3) real estate tech unicorn Opendoor reportedly in talk with Social Capital Hedosphia II for reverse IPO; 4) Pershing Square Tontine split unit; 5) 9 SPACs launched and at least 8 SPACs filed last week.
|Select IPOX® Indexes Price Returns (%)||Last Week||2019||2020 YTD|
|IPOX® Indexes: Global/International|
|IPOX® Global (IPGL50) (USD)||-2.15||27.93||35.35|
|IPOX® International (IPXI)* (USD) (ETF: FPXI)||-0.94||31.37||40.73|
|IPOX® Indexes: United States|
|IPOX® 100 U.S. (IPXO)* (USD) (ETF: FPX)||-1.48||29.60||13.35|
|IPOX® ESG (IPXT) (USD)||-2.57||-||-|
|IPOX® SPAC (SPAC) (USD)||1.78||-||-|
|IPOX® Indexes: Europe/Nordic|
|IPOX® 30 Europe (IXTE) (EUR)||2.16||34.55||19.18|
|IPOX® Nordic (IPND)||0.96||38.52||32.65|
|IPOX® 100 Europe (IPOE)* (USD)||1.85||30.97||13.87|
|IPOX® Indexes: Asia-Pacific/China|
|IPOX® Asia-Pacific (IPTA) (USD)||-0.12||4.41||28.26|
|IPOX® China (CNI) (USD)||-2.59||26.31||48.28|
|IPOX® Japan (IPJP)** (JPY)||-1.97||37.91||9.48|
* Basis for ETFs: FPX US, FPX LN, FPXE US, FPXU FP, FPXI US, TCIP110 IT and CME-traded e-mini IPOX® 100 U.S. Futures (IPOM0). Source: Bloomberg L.P. & Refinitiv/Thomson Reuters. For IPOX Alternative Strategies Returns, please contact [email protected]
|Nexi SpA||15.10||Coupa Software Inc||-14.89|
|Selectquote Inc||14.34||Chewy Inc||-12.05|
|Camping World Holdings Inc||13.58||Slack Technologies Inc||-11.73|
|Adaptive Biotechnologies Corp||12.41||Zealand Pharma A/S||-11.68|
|DraftKings Inc||12.05||Tesla Inc||-10.90|
|Uber Technologies Inc||11.25||AZEK Co Inc/The||-10.59|
|BioNTech SE||11.20||NortonLifeLock Inc||-9.66|
|Infrastrutture Wireless Italiane||9.15||Bilibili Inc||-8.51|
|GFL Environmental Inc||8.74||DocuSign Inc||-8.47|
|Snap Inc||7.80||Knorr-Bremse AG||-8.13|
IPO Deal-flow Review and Outlook: Korean messaging app Kakao‘s game unit more than doubles in debut. Flurry of deals lined up. 6 firms went public across the eligible global markets last week, with the average (median) equally-weighted offer deal adding +61.50% (+28.17%) based on the difference between final offer price and respective Friday’s close. Deals including Chinese bottle water giant Nongfu Spring (9633 HK: +62.79%), Korean messaging app Kakao’s Game unit spin-off (293490 KS: +237.92%) and Warburg-backed Brazilian pet store Petz (PETZ3 BZ: +18.91%) all debuted strongly, while fast food chain Yum China (9987 HK: -3.64%) fell on its homecoming secondary H.K. offering. The U.S. IPO market is set for a busy week with firms including Buffett and Salesforce-backed $24B cloud data platform Snowflake (SNOW US), Dell-backed $3B+ DevOps software developer JFrog (FROG US), Tiger Global-backed $2B+ data analytic firm Sumo Logic (SUMO US), and Sequoia-backed $11B+ game software company Unity (U US) lined up, while the European IPO market is set to revive with British e-commerce unicorn The Hut Group and German camper van maker Knaus Tabbert (KTA GR) scheduled. Much anticipated data analytics unicorn Palantir (PLTR US) also readies its Direct Listing. Other IPO news include: 1) CVC-owned Petco weighs IPO sale; 2) collaborative software unicorn Asana set date for Direct Listing (9/30).
Track global deal flow live on: https://bit.ly/32zolmG
The post The IPOX® Week, September 14th, 2020 appeared first on Low Cost Stock & Options Trading | Advanced Online Stock Trading | Lightspeed |.
Forward Thinking Friday: Celebrating National Hispanic Heritage Month
If you’re a Hispanic-owned business who works with the B-Stock network, we’d love to hear from you! Drop us a line so we can feature you in our Spotlight article at the end of the month.
This week, we’re excited to launch our new blog series, Forward Thinking Friday (#FTF), which will spotlight the diversity across our communities. For our first article, we’re showcasing National Hispanic Heritage Month, which kicked off this week.
What is National Hispanic Heritage Month?
Hispanic Heritage Month is observed every year from September 15th to October 15th. The month-long commemoration celebrates the cultures, history, and contributions of Americans whose ancestry comes from Spain, México, the Caribbean, and Central and South America.
In 1968, the movement to celebrate Hispanic cultures was founded as Hispanic Heritage Week under the administration of President Lyndon B. Johnson. Twenty years later, President Ronald Reagan expanded the event to a 30-day period, from mid-September to mid-October. The history of Hispanic peoples seeking independence has created a bond between them and American values, and this month recognizes and celebrates the contribution and influence of Hispanic Americans to the history, culture, and achievements of the United States.
Hispanic vs. Latin – What’s the Difference?
While the terms Hispanic and Latin are sometimes used interchangeably, they are different:
People who are Hispanic come from—or are descendants of—a Spanish-speaking country.
- Argentina, Bolivia, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, Equatorial Guinea, Guatemala, Honduras, México, Nicaragua, Panama, Paraguay, Peru, Puerto Rico, Spain, Uruguay, and Venezuela.
People who are Latin come from—or are descendants of—a Latin-American country.
All the above plus Brazil, French Guiana, Guadeloupe, Haiti, Martinique, Saint Barthélemy, and Saint Martin
- A person can be both Hispanic and Latino(a), but not all Latinos are Hispanic: Brazilians, for example, are Latinos, but their native language is not Spanish. Conversely, not all Hispanic people are Latin: Spaniards are considered Hispanic, but not Latinos, since they are part of the European Union.
About the Hispanic Community
The Hispanic community is the second largest- and fastest-growing demographic in the United States after Asian Americans. This represents a current population of nearly 59 million people, roughly 18% of the population. Some famous Hispanic-Americans include:
- Cesar Chavez - labor activist & civil rights leader
- Roberto Clemente - Baseball Hall of Famer & humanitarian
- Carlos Santana - Grammy-winning musician
- Sonia Sotomayor - first Hispanic Supreme Court Justice
How Can You Celebrate?
Here at B-Stock, we reached out to our team members asking for input on Hispanic Heritage Month. In addition to educating the team on the above-referenced facts, Product Manager Alex Cadalso also had the following recommendations about celebrating:
- Educate yourself about independence movements in Latin America
- Mike Duncan’s Revolutions podcast, especially the seasons on Simon Bolivar in Colombia, the Haitian Revolution, and the Mexican Revolution.
- Listen to Buena Vista Social Club, Gloria Estefan and the Miami Sound Machine, Selena, or any of the thousands of awesome Hispanic or Latin-inspired recording artists.
- Read a Gabriel García Márquez book, like One Hundred Years of Solitude
- View art from Frida Kahlo, Diego Rivera, Pablo Picasso, or other Hispanic artists.
- Eat an arepa, a burrito, ceviche, taco dorado, enchiladas, flan, paella, or pupusa, and wash it down with a margarita.
- Donate to the Hispanic Scholarship Fund.
B-Stock is proud to celebrate Hispanic culture alongside our colleagues and our diverse network of sellers and buyers. Happy National Hispanic Heritage Month!
The post Forward Thinking Friday: Celebrating National Hispanic Heritage Month appeared first on B-Stock Solutions.
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