People who resell liquidated merchandise have many options for locating inventory. Big businesses are always looking to get rid of products big and small. While some resellers opt to sell small products like make-up and tee shirts, others sell larger items like bicycles.
Although selling large products comes with some challenges, it also comes with many benefits. If you’re interested in moving from smaller products to larger ones, you should consider bicycle liquidation.
This type of liquidation is ideal for those looking to sell a popular product at a high cost. You can contact Merchandize Liquidators to learn more about buying our lots of bicycles. Then, you might see first-hand all of the benefits that come with sourcing your inventory from bicycle liquidation.
What is Bicycle Liquidation?
When stores have too much inventory that’s not leaving the shelves, they want to get rid of it. Otherwise, the products tie up their assets and their space. They’d rather sell off their merchandise at a low cost than have it take up space.
Just think about how frequently your local big-box retailer changes their displays. Because they’re always getting in new products, they have no need for the old ones. To get rid of them, they sell their merchandise in boxes, pallets, and truckloads. Often, they sell them at an extremely affordable price.
You can find almost any product on liquidation. For example, retailers often sell make-up, clothes, and toys in liquidation lots. Resellers often buy those products because they are small and easy to store. However, there is value in larger objects. Specifically, bicycles can be very lucrative.
This type of liquidation is similar to every other type of liquidation. A retailer might have ordered too many bikes, or have had accumulated bicycles through returns. In any case, they could choose to sell them for a low cost.
There are many different ways in which you can buy lots of bicycles. You can buy through an auction platform, or buy the lots directly from a company that specializes in liquidation. Either way, you will come across lots of varying sizes. If you’re just getting started, you might want to purchase a small lot. However, a larger lot could result in a greater profit.
Why are Bicycles Highly Desired Products?
These days, there are many ways to get around. And although the first bike was invented in 1817, cycling has only started to reach its peak in popularity.
There are several reasons for this. For one, there are the health benefits. Many people turn to cycling as a way to improve their health. Unlike running and some other high impact exercises, cycling is easy on your joints. Regardless of your age or health, you can probably ride a bike with no or minimal pain.
Riding a bicycle doesn’t just get you in better physical shape. It also decreases your risk of heart disease. According to one study, cycling for only 30 minutes each week is enough to lower your risk of heart disease. As science is doing more research on the effects of cycling and human health, they are learning that there are many benefits to cycling on a regular basis.
Riding a bicycle could also reduce your risk of diabetes, cancer, and obesity. As more and more Americans are struggling with disease and obesity, they are turning to cycling. It’s a way for adults and children alike to stay healthy.
Cycling for the Sense of Community
Personal health isn’t the only reason for the rise in popularity of cycling. There’s also the benefit of the sense of community. If you use a car as your primary form of transportation, then you don’t get to see much of your neighbors. You're stuck in your car, unable to interact with the world around you.
However, cycling allows you to interact with your community. People spend more time on the streets talking to their neighbors. Furthermore, they spend less time grumbling about traffic.
Biking improves the quality of life for everyone in the community. Typically, publications that rank the quality of life for specific areas incorporate bike-friendliness into their ranking system.
Biking Saves Money
Some people turn to cycling as a way to reduce their expenses. If you commute to work, you could spend hundreds of dollars each month on gas. But a bicycle requires no gas. By cycling to work, you can save money and spend it on other things you enjoy.
There’s also the cost of maintenance. When you rely on your car all of the time, it requires maintenance and repairs. You need to rotate the tires, replace brakes, and perform oil changes. Additionally, you need to pay for car insurance. The more miles you drive, the higher your insurance.
Fortunately, a bicycle is much less expensive. The biggest repair you might encounter is a flat tire. In an effort to save money, many people turn to cycling.
It’s Better for the Environment
For the millions of people concerned about the environment, cycling is a way to make a difference. While cars cause both noise and air pollution, cycling does not cause any pollution. Using a bicycle for even a portion of your trips can make prevent harmzAaaa. As global warming is becoming more evident, people are choosing to do their part by riding bicycles.
What are the Other Benefits of Selling Wholesale Bicycles?
You can buy almost anything on liquidation. So, why should you buy bicycles? With so many options, you might wonder why you should consider selling the large objects.
The popularity of bicycles isn’t the only reason you should try selling them. In fact, there are many benefits to selling bicycles you buy on liquidation. Here are some of those benefits:
1. Wholesale Bicycles are a High-Value Item
If you’re a reseller, you have two main choices. You could sell a high volume of low-value items, or a low volume of high-value items. Although low-value items tend to be smaller and easier to deal with, high-value items come with greater reward.
The price tag of a bicycle is what makes it such a great choice for resellers. Although you can buy a lot of bikes for a fairly low price, you can sell each bike individually for a high price. With a little work, you can make a big profit.
2. You Have a Niche Market
There are tons of resellers on online platforms and in stores. However, there aren’t many who specialize in bicycles. By focusing on bicycle liquidation, you can become part of a niche industry. This benefits you in several ways.
For one, you can be an industry expert. Because you sell bikes and only bikes, your customers will view you as an expert. They are more likely to turn to you for all of their bicycle needs.
Secondly, you will have an easier time targeting your customers. When you sell many different products, you can struggle to market those products. Your advertisements will be aimed at the general public and not your target audience. If you have a niche, you know who your audience is. Your marketing efforts can focus on people who have a real interest in your product. As a result, you’ll have a better conversion rate. Having a niche is one of the best ways to make your marketing efforts pay off.
3. You Have Less Competition
With the rapid growth of online platforms, almost anyone can become a reseller. It’s easy to open up an online store, but it’s difficult to succeed.
Bicycles could be your ticket to success. Because they aren’t popular items to resell, there’s less competition. If you put enough time and effort into your selling platform, you are likely to be successful.
4. You Won’t Waste Time Searching for Products
One of the biggest challenges of reselling is sourcing your products. However, bicycle liquidation simplifies the process. Instead of searching through different lots that have multiple products, you know what to look for. Once you have a reliable place to buy bicycles, you can stop searching. You’ll have a constant source of inventory.
Additionally, you can save time on processing your lots. Unlike other products, bicycles are fairly easy to process. You don’t need to sift through hundreds of little electronics or look through make-up expiration dates. Instead, you just need to make sure your bicycles are in good condition.
Tips for Making a Profit
Whether you’re a novice to liquidation or a successful seller, there are ways you can increase your profits. Follow these tips and you can make more from your liquidated bicycle purchases.
1. Apply for a Resale Certificate
You don’t always need a resale certificate to buy products on liquidation. However, having one can help you. Some companies require you to have a certificate before making a purchase.
Even if a company doesn’t require you to have one, you should consider it for tax purposes. To find out how to apply, you should look into your state’s requirements. Typically, the process is quick and easy.
2. Source Your Bicycles from a Reputable Source
If you sell broken or damaged bicycles to your customers, they won’t be happy. You’ll have bad reviews and will lose credibility. Therefore, it’s important that you source your inventory from a trustworthy source.
Research the details of a lot before you make the purchase. More importantly, consider the source of the lot. If they are store returns, some of the products will be damaged. You might need to put some work into making them fit for your store.
Before buying from a company, do your research. Find out how long they have been in business and what their customers have to say about them. If you have any doubts or concerns, you can always contact someone from the company.
3. Know Your Expenses
Before you make a large purchase of inventory, you should know all of your expenses. How much will shipping cost? Are there any hidden fees associated with your purchase? If you’re buying inventory through an auction, you should be particularly cautious. There may be a buyer’s premium that raises the total cost of your purchase. You should only bid what you can afford.
However you buy your inventory, you should be aware that you won’t immediately sell it. Bicycles will sell, but they won’t all sell the minute you put them up for purchase. In some cases, it could take you months to sell all of your bikes. Be sure that you have enough money in the bank to cover your business expenses until your inventory sells. It’s not uncommon for a business to fail because they have too much money tied up in inventory.
4. Be Ready to Sell
It’s crucial that you don’t rush into your business. If you’re new to reselling, you need to prepare yourself for your first order of inventory. Come up with a plan and get everything ready before you make your first purchase.
This means creating an online store or building your physical store. Additionally, it means sorting out the logistics. Where will you keep the bicycles? If you only have an online presence, you may need to rent a storage unit for your inventory. A large lot of bicycles needs to be stored somewhere.
Another important detail to consider is transportation. Will you need to rent a truck to transport your bicycles from one place to another? If so, you should have that planned out before your first shipment arrives.
5. Don’t Expect Overnight Success
There is good money in bicycle liquidation. However, success doesn’t happen overnight. If you’re new to liquidation, be prepared to take it slow. You may need to build up brand recognition or establish a track record of success before your business truly thrives. But with the right strategy, inventory, and timing, you can watch your business grow.
Merchandize Liquidators can help you get started, or help you grow your business. Take a look at our selection and contact us with any questions.
Title: Bicycle Liquidation | Merchandize Liquidators
Meta: Learn about bicycle liquidation and how you can profit from it. Contact Merchandize Liquidators for more information.