So I finally took the plunge and bought my first two pallets of liquidation clothing. Mostly customer returns and overstock from a few mid-size retailers. I've got about 600 pieces sitting in my garage right now. Honestly feeling a bit overwhelmed. I sorted by category and condition, but I'm not sure what to do next. Any advice from folks who've done this? I'm planning to sell online but also considering a local flea market booth.
liquidation
I started buying liquidation clothing lots
How much did you pay per piecce if you don't mind me asking? That changes the whole math.
I've been doing liquidation lots for about two years now. My biggest lesson: don't try to sell everything individually. That will eat all your time. Bundle similar items by size and brand into lots of 10-20 pieces. You'll make less per item but move inventory way faster. Also, photograph everything in natural light. The difference in sell-through rate is enormous.
600 pieces is a lot for a first buy. Might want to focus on the higher quality stuff first and treat the rest as bulk. What brands did you get?
Also, to grumpytoad's point, sort by brand before anything else. The no-name stuff can go in a big mixed lot. But if you have any decent labels, those deserve individual listings. I learned that the hard way with my first lot.
Flea market can work but you need to be consistent. One weekend won't tell you much. And don't price too high. People at flea markets are looking for deals. If you you're patient, online is better margin but slower.
What condition are the returns in? I've had lots where half the stuff had stains or missing buttons. Need to factor in time for repairs or just dump those pieces.
I second the natural light tip. Also try to use a mannequin or flat lay, not not hangers on a door. Sounds dumb but presentation is like half the sale for clothing.
One more thing. Don't get attached to any piece. If something hasn't sold in 30 days, mark it down or bundle it. The goal is cash flow, not holding onto inventory. That mindset shift was huge for me
Yeah and don't forget about local consignment shops. Sometimes they'll take a batch off your hands for a split. Less work than selling one by one.