Tag Archives: Sourcing

Sourcing

Source Fanatics – Instantly Scale Your Inventory

Do you want to have help sourcing products?  Do you find items in the stores to resell in your store but only find a few of them?  Do you want more of them to sell?  Would you be ecstatic if you could get more of those new items without lifting more than you finger?  If you answered yes to any of those questions then Sourcing Fanatics might be for you!

They currently operate in Canada only (with buildings in Vancouver and Calgary).  They are in the process of expanding and are slated to open US operations with a pilot program in November of 2017.

I just interviewed Dan Ryan from Source Fanatics (you can catch video below).  His company specialize in wholesale and finding inventory that you ask for!  He has access to a wide range of shoppers to by your products and consolidates them all to ship to you.  They can access products that you specifically request through the following channels: wholesale, retail in-store and online.  They have shoppers on the ready to source product online and in retail stores, and they have direct access to wholesalers to get you product as well.

Visit their website for more information: SourceFanatics.com
Join their Facebook group for immediate access to their wholesale lots that they periodically post.  You can purchase these lots without any additional subscriber or lot fees listed below.

FB Group: Source Fanatics Facebook Group

Our Services

Source Fanatics eliminates the challenges of sourcing inventory so that you can dedicate time to growing your business. Our community of buyers across the country source product for you at retail (in-store or online) while our dedicated and handpicked wholesalers are ready to sell directly to you.

Here’s how it works.  For access to his handpicked shoppers you will need to do the following

  1. Subscribe to the service for $100/month.  This is a month to month fee and you can cancel at any time.
  2. Unit Cost – You will need to pay upfront (PayPal) for the total unit cost of the items.  This is for the acquisition cost of the items.
  3. Shipping – Once the items are available you will need to pay for shipping which is either arranged by Source Fanatics or you can arrange your own shipping.
  4. PPF – This is the Product Purchase Fee which is negotiated prior to buying the items.  This fee is determined based on multiple factors such as difficulty to acquire the items, how many shoppers are used, etc.

They require a minimum retail cost order of $500 (excluding shipping and PPF).  I can see the immediate value in using this service as depending on your operation, this instantly scales it up.  You have a whole network of people buying product instead of just you.  The best point is that this product is completely brand new in box which instantly eliminates testing or using your valuable time to make sure the product is salable.  Once you get this product you either instantly sell it locally, list it on eBay or push it on to FBA!

As they understand buyer and shopper behaviors, they are massaging their process, price points and operations.  At any time something will change as they refine operations and understand what works best for everyone.

Once they expand into the US I look forward to bringing you my journey into new channels to source product.  I would love to use the power of the Source Fanatics buyer community to scale my business.

-Christopher Sirois
LiquidationOH@gmail.com

Liquidation

How do I choose what items do I buy and resell from Liquidation.com?

How do I choose what items do I buy and resell from Liquidation.com?

What to choose?

I get tons of questions of how do you know what to buy and resell.  Many people want to get started in the liquidation business but have no idea of what they want to get into.  They continuously hunt for the hot items or the items they think will get them the most return on their money.  While that may work for a little bit or it may work a lot for some, I don’t always agree.  My answer to that question is what is your passion?

For myself I chose electronics and tools as those are items I not only love to buy, but I love to use them.  I tend to stay up to date on the newest items coming out and what to look for.  I also use these products everyday and research them.  Maybe you love to cook or are a sneaker head.  You too will understand the newest items and will have an acute sense of how to use items and which ones to look for…or which ones to avoid.

  • Passion – If you find something you love to buy and sell I fell if makes it more enjoyable for you.  You will always know more about the products and what is hot or not.  If you buy something just for the money, you will not be as interested in understanding its market value.
  • Hot or Not – If you don’t buy products you have some vested interest in then you might not understand the ebb and flow of their resell value.  If I didn’t understand electronics and someone was selling a large load of an outdated item, I might be in for a rude awakening.
  • Knowledge – If I buy items that I continuously inspect and have a keen understanding of how they work then I will be handy with them.  What I mean is that as you know more than likely you will come across many products that are broken or missing parts.  If you know how they work you will have the ability to fix them, and gain a new skill potentially.  For example I taught myself how to solder so I can repair some of the items I get.  Youtube has also been my friend as I learn how to tear down items quickly and carefully to fix them.

Those are some of the tips I used when selecting which products to look for on liquidation.com.  These help me select auctions that will make me money verses which auctions I can let the next person lose money on!

-Chris
LiquidationOH@gmail.com

Want to buy a book that teaches you the business of liquidation and wholesale?
http://bit.ly/LiquidatorsGuide2017

Items

What are some of my Top 3 items to sell on eBay from Liquidation.com?

What are some of my Top 3 items to sell on eBay from Liquidation.com?

Here some of my top items

There are some items that I specifically search for on liquidation.com for many reasons.  These reasons are that they sell well, and if working they usually make up at least 30% to 50% of my auction fee recouping.  The other reason is that these items sell when damaged as well.  They usually sell for 50% off retail if they’re broken.  If you’re not sure if something will sell broken then research it and list it as a test!  It can’t hurt to list!

Secret Listing Tip:  Some people might disagree with me, but I list my high end electronics in an auction format.  I use an auction format because sometimes these items sell for higher prices than I can guess, so I will take the chance for it to go higher in an auction format.  If I listed these as a buy it now, then I’m locked into that price. But the secret is to START your price at the lowest price you would be happy with.  DO NOT START THE AUCTION AT $0.99 as you will probably lose money if your item isn’t that popular.

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  • 3M WorkTunes Wireless Hearing Protector with Bluetooth Technology and AM/FM Digital Radio (90542-3DC)

This bluetooth unit is found in two categories that I can see currently which is Tools and Electronics.  These sell between $70-$100 in used totally functional or new condition.  I will start these on auction at $69.99 and hopefully they sell at or higher than my starting price.  These also sell well not functioning such as not powering up, or powering on and not staying on.  I’ve sold some not 100% functional for $30.  Some might say its not worth it, but selling for something is better than throwing it away!

Working: $70-$100

Not working: $30-$40

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  • Nest Protect Smoke & Carbon Monoxide Alarm​

This unit sells in a battery and wired unit, and it sells very well.  These sell with and without the retail packaging and all the pieces.  They come in multiple generations. I find these units mainly in Tools auctions.  I’ve sold these with just the unit, not working and full functional.  With just the unit alone, I’ve sold it between $65-$75 dollars.  With full packaging and pieces I’ve sold them up to $95 dollars.  Not working has sold for $45.

Full Packaging working: $75 – $95

Working unit only or missing pieces: $70

Not working: $45

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  • Microsoft Surface Dock (Compatible with Surface Book, Surface Pro 4, and Surface Pro 3)

This play is a little more risky, as I’ve come across various ways this item has come to me (you know if you’ve seen my videos: www.youtube.com/c/LiquidationOH).  I’ve seen it completely missing from the box, missing pieces, not functioning and completely brand new.  But when you get many of the pieces or a brand new unit, it instantly makes your money back.  This item will see in ANY condition as long as you’re clear in your listing.

Full Packaging working: $90 – $110

Working unit only or missing pieces: $70-80

Not working: $45-$70

I hope some of these items help you win auctions that make money!  Don’t forget to include your fees and shippings costs to evaluate your total profit as the prices above are strictly item value.

-Chris

LiquidationOH@gmail.com

www.youtube.com/c/LiquidationOH