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Retail Liquidation Company Selection
Selecting the Right Liquidation Company There are plenty of good companies that will get you a good return on your retail store closing sale. Finding the right one for you is doing a little homework. I know some owners like to talk to others who had a sale, but just because that person was happy, […]
Hardware Store Liquidation
Hardware Store Liquidation Sale vs Auction A good deal of hardware store owners cannot sell their retail business need to decide whether to have an auction or to liquidate their inventory and fixtures. There are pros and cons to each. For an auction, it can be done quicker and you do not have to pay […]
Store Closing Liquidation Companies: How To Put More Money In Your Pocket
Store Closing Liquidation Companies: How To Put More Money In Your Pocket I have been doing retail liquidation sales over 15 years. Between my experience of doing over 90 sales and checking out owners doing their own sale have seen plenty of missed opportunities. Some of these opportunities are small while others have cost thousands […]
How to Manage a Store Closing Sale- Hardware Store
The first key to a successful hardware store liquidation sale is proper planning. This is the most important element that will determine how successful or ultimate failure for your hardware store. All the planning for the liquidation sale should be done before you begin along with options in case things go wrong. You should have […]
Press Release Coverage for Your Store Closing
Get free coverage for your sale, by contacting local newspapers, radio and TV stations. I send a brief email explaining about store going out of business, time in business, the time frame of liquidation and contact name and phone number. You do not get 100% success rate, but many of my clients have received free […]
Pricing for Going out of Business Sale
Most stores have a discount of 20% off or more to start the sale. I price about 90% of the merchandise to start the sale with a discount of 13% off. My best sale did over $150,000 with this discount resulting in $10,500 additional dollars in their bank account by using 13% off instead of […]
Myths about Store Closing Sale
Here are common myths I hear from retail store owners and liquidation firms. I can save a lot of money doing the sale myself. Perhaps, but unlikely. Even with fees, hiring a retail liquidation consultant will put more money in your pocket, save you time and definitely reduce the stress of conducting a going out […]
Signs / Banners Going out of Business Sale
igns and banners are your silent salespeople. You should have a large sign or banner in your window” Going out of Business Sale”. It should be at least 3 x 8. Some other signs you need are as follows: All Sales are Final. Fixtures & Equipment For Sale. SMS ( Text Message) Sign for people […]
Text Messaging / Social Media Marketing for Store Closing
If you have a facebook page for your business, take advantage of it for the sale. You should list when the sale starts, your discounts, and videos showing the merchandise you carry. Do not take pictures of empty shelves later in the sale and post them on your Facebook page. You want to give the […]
Special Events for Store Retail Liquidation Sale
Special Events are an excellent way to bring more traffic to your store. There are many special events to choose. Here are a few that would be great for a liquidation sale without a lot of work. Charity Event- It could be simple as kids selling burgers for their school etc or it could be […]