Posted by Alex Jackson on 26th Jul 2019
Weights and shipping are a big concern when shopping for liquidation merchandise. Shipping costs can severely impact your bottom line, and you have to make sure you're doing everything you can to minimize these costs. Every dollar spent on shipping is a dollar less you can put into your pocket at the end of the day. Have you ever had this shipping dilemma? One where you found a lot that seems perfect, but the cost of shipping is as much as 30-50% of the lot price? You are not alone if this has happened to you; in fact, it happens so often that I felt the need to address this issue head-on and explain both the problem and the solution. Because a lot is inexpensive does not necessarily mean it will be economical to ship. Certain categories like Bedding and Bath, General Merchandise, Holiday Décor, Kitchenware, Napkins and Glassware often have lots priced at less than $1000 that can cost as much as 30-50% of the cost of the lot or greater to ship. In general, these categories contain items that can be bulky and heavy. Bigger and bulkier means fewer items packed per pallet, driving down the total value of that lot. If these items are heavy, this can also drive up the cost to ship them, especially if they are being shipped long distances. Fewer items equals less value, and weightier items mean higher shipping costs, getting the picture? Now for the solution and it's all about shopping smart. If you specialize in any of the category's we previously mentioned or are just thinking about giving one of these a try, keep this one word in mind CONSOLIDATE! The key to minimizing your shipping costs is consolidation. Buying multiple pallets from the same location at the same time reduces your overall shipping costs. More than 60% of the cost of shipping is associated with that first pallet of goods you purchase. Each additional lot purchased adds a small faction to your total cost for shipping, and that's more items that you can spread the cost of shipping out over on. If you are shopping for those frequently bulky or heavy categories of merchandise like Bedding and Bath, General Merchandise, Holiday Décor, Kitchenware, Napkins and Glassware consolidate those orders buy two or three lots at a time. You will save yourself time and most importantly put some more dollars in your pocket at the end of the day. Still confused about shipping and how it works? Watch our video on shipping tips and best practices or reach out to us at 1-888-808-4934 or via our live chat found on foxliquidation.com. Remember we are the shipping pros and are here to assist with any of your needs.
We are now in the heart of summer, and it is a great time to dust off that old to-do list for your business and start checking off a few of those tasks you have meant to get to over the last few months. If your list is looking a bit bare right now that's ok that's why [...]
What is the world biggest online shopping day? If you were to guess Cyber Monday, Black Friday or Thanksgiving you would be close but off by a few weeks. It is actually 11-11 or Singles Day as it’s known in China. It’s not technically a holiday, but more of a marketing event that’s been nurtured into a massive consumer [...]
If you want to maximize your sales as a reseller, you have to understand the calendar. I am not talking about knowing how many days are in a particular month; I am talking about understanding the retail calendar. It’s important to understand how major retailers operate, knowing when they promote when they discount and how these factors influence your sales. [...]
Earlier this year the retail industry lost a once dominant institution in the world of children’s toys. After its 70 year run Toys R Us was forced to shutter its doors in 2018 after several attempts to salvage, the faltering retailer collapsed. Many now grown-up kids will probably have fond memories of the toy chain and shopping there as a [...]
Ever try finding a half decent tomato at the grocery store in the middle of February? Is it pretty difficult right? Usually, they are hard and flavorless. It’s because as we all know they are not in season and the few that are around are traveling thousands of miles to your local grocer. Not exactly ideal for receiving fruit at [...]
Are you looking to diversify your offerings? What’s that tried and true bit of advice you hear from every financial advisor? Diversify your portfolio. Maybe it’s time to explore some categories other than clothing? Have no fear we have you covered at Fox Liquidation we offer a lot more than just clothing! Health and beauty- There are few categories [...]