Posted by Alex Jackson on 19th Apr 2019
This one’s directed to all the soon to be anxious parents out there dreading the impending summer break and their teenage children being home from school for two months. Yes, summer is just around the corner and it can be a real challenge to keep them occupied and out of trouble. Likely they have their own plans for how to spend the summer and are likely expecting that you will be financing these planned activities. The phrase “want some money? Well then get a job!” Invariably springs to mind in a situation like this but I want to suggest you try something a bit different this year. Instead of telling your kids to get a job why not help them to create their own business instead? I am not talking about the lemonade stand or the neighborhood car wash I am talking about teaching your kids the ropes of resale and getting them going with their own small business. Now try not to look at this as an extra set of hands to help out with your business but more of a new venture you are investing your time, capital or both into to getting off the ground. Getting your kids started in their own home-based business is a fantastic way for you to spend some quality time with your kids while teaching them some valuable life skills. Your kids getting a summer job is one thing, and I will not knock it, they can and will learn the basics of being a responsible adult with their first job. Starting their own business is quite a different thing and teaches you a multitude of important skills that you cannot gain from any entry level summer job. Think about what skills you have acquired from running your own business? You’re in charge of sales, purchasing, shipping, marketing, accounting, inventory control and In most cases, you’re doing all of these jobs simultaneously. So just how involved should you be in this process?
The best is to lead by example. One of the best book I’ve read as a parent is “Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!” by Robert T. Kiyosaki. The main point in this book is that as parents, we teach our kids what we know. Which is why so many kids follow their parent’s footsteps. Robert describes what rich people teach their kids about starting business as opposed to getting a job. If you don’t believe us, read the book.
In more practical terms. teach them the basics show them how and where your selling, get them setup to sell and then step back and watch them go. Don’t micromanage them and run the risk of them losing interest instead let them learn the ropes themselves but do encourage them to ask questions if they are hitting a wall in some aspect of their business. If you want to get them started dollar wise why not give them a few hundred dollars initial investment, have them pick out their own merchandise and then have them pay you back while they keep the profits be sure to emphasize the importance of reinvesting some of those profits back into their businesses as well. Foxliquidation offers a wide array of smaller lots perfect for these aspiring young entrepreneurs have them pick out one of our lots and tack it onto your next order or perhaps have them select one of our small wholesale lots which you can order any time and no order minimums would apply. This summer instead of telling your kids to get a job sit them down look them in the eyes and say “kid you’re going to be on Shark Tank one day with your next venture and this is your very first step.”
After a long, cruel and seemingly endless winter, It’s finally spring again and the perfect time to start selling swimwear. Before you say it, yes we have talked about swimwear before, and we are circling back on the subject again today because it’s a category of goods that deserves the added attention. Swimwear as a category is perfect for any type [...]
The brand obsession, we tackled the subject previously and talked about how to move past the single label hunt and instead look at the bigger picture of what liquidation has to offer. Now we want to look at another common reseller pitfall that goes hand in hand with the brand obsession, and that trap is the depth over breadth approach to [...]
Ready to start selling liquidation merchandise? If so, great you have come to the right place, and we have the tools and merchandise you need to get your business started on the right foot. In our last blog entry we talked about how you can get answers to those important questions you may have about buying and reselling liquidation merchandise, [...]
Spring which is now rapidly approaching, is a time when we see many of those would be entrepreneurs looking to start their own business, take that first step down the road of financial independence. To all of the budding businesspeople out there we say welcome and thank you for considering Foxliquidation for your business’s needs.Now as a fledgling business owner you [...]
Spring is rapidly approaching and that means one thing, sellers are turning their thoughts to ramping up their business for the upcoming season. Now when you’re shopping for liquidation merchandise, you're always on the lookout for a killer deal and you have certainly come to the right place to find one. Foxliquidation has thousands of lots to choose from at [...]
Stop me if you have heard this one before, if you want to stay fit and in shape, you have to stay active! This rule of thumb to a healthy lifestyle also applies surprisingly well to your sales as an online retailer. If you think about it for a minute it makes perfect sense, the more items you post [...]
When your shopping for liquidation merchandise you want as many tools at your disposal as possible to make a well-informed purchasing decision. That’s why in addition to having all of our lots fully manifested we have a wide array of invaluable tools to help you select the lot that’s right for your business. Today let’s look at a few [...]
Foxliquidation.com has thousands of lots to choose from in dozens of different categories at any given time. Pretty amazing right? No shortage of great merchandise to choose from here! We know that people love to check the site on a daily basis, just to peek in at the new arrivals and to see what’s happening. It’s great we encourage [...]
Do you like to cook? If so, you probably have a signature dish, one that all your friends and family rave about. So what’s that special ingredient in your dish that brings out all of those flavors together to create your culinary masterpiece? I know, it is family secret, don’t answer that. Instead, let’s take off that chef’s hat [...]