| 1.What
is Closeouts & Customer Returns? |
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Closeouts
are obtainable and represented as overstock,
excess inventory and typically means
1st quality goods. It can be a combination
of products or just one specific item.
Customer Returns are offered by department
stores or catalogue companies usually,
a percentage of merchandise will be
unsellable. The norm of these loads
is in sellable condition and all merchandise
is offered in as-is condition. Profit
potential makes returns
very popular buying option. Our Staff
will explain each load and further explain
how you can buy some loads starting
as low as 5% of the wholesale value.
Some risk factor is to be expected depending
on category and product availability. |
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| 2.
What is F.O.B.? F.O.B. is
stands for Freight On Board. This
means two things. Location of
the merchandise, and depending of
that location, buyer is responsible
for
freight charges from that location
to his destination. If the product
was
not listed as FOB, and one buyer was
in Europe and the other buyer in
Kansas City, then the seller would
have to give different prices to each
buyer to make the money from the deal.
FOB thus enables a seller to fix
one price for all buyers regardless
of their location and shipping needs. |
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3. What other charges
are there?
There are
only two charges involved, Cost of
goods, and your freight. No
additional charges are applied unless
otherwise specified prior at the
time of sale. |
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4. How do I deliver
and my merchandise at what is the cost?
We deal with several freight
companies and provide you with quotes
at best
possible price. However, you can arrange
your own pickup and you are not
obligated to use our contractors.
Some companies strictly arrange some
loads, as they do not wish to sell
to certain states. (I.E. Home
Improvement and Sporting goods store)
For further details please see
export & logistics. |
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5. How do I pay for
the Freight Charges? Usually
we ship via freight collect, we will
provide you with transport
company information and whom will
make payment arrangements with you.
As
mentioned above some loads will have
to be prepaid due to restricted sale
of goods to some states. |
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6. What is a Pallet?
And what is a Gaylord? A
pallet is a wooden skid, usually the
sizes are 4x4, and height of pallet
will vary depending on department
stores. We can say that pallets are
usually 4 feet high and can be as
high as 6-7 feet tall. Merchandise
is
stacked and shrink-wrapped. A Gaylord
is also the same dimensions but, it
is a big open box, (looks like a big
watermelon box) usually, they use
these types of boxes for apparel.
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7. What are the acceptable
payments? Payment is required
within 24 hours of sale. Payments
are through wire
transfer. We do accept cashiers checks,
money order. Company checks are
also accepted for some loads; however,
it may take longer to release
merchandise due to processing to clear.
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8. What is the Minimum
Ordes? Some minimums do apply
on certain loads or pallet deals.
However, we are
very flexible and willing to offer
you availabilities suited to your
budget and warehouse space. Please
let us know which lots or loads are
of
interest and we will look into supplying
you at a comfortable solution.
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9. How can I get
the current merchandise list?
We will put you on our mailing list
and supply you with product list
however; the best and most effective
way is to communicate with us daily.
Everyday, we receive offers to buy
and it is very difficult to advise
customers via email on hourly offers.
Loads from Department stores are
offered on first come first served
basis. So we recommend that you call
us
at (800) 218-9596 we will give you
updates on
availability! |
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10. Can I advertise
brand names? You may advertise
branded goods as marketing technique.
However, any
trademark names (department store
name) is unauthorized to do so. An
agreement of sale is enforced, as
these are the conditions from Department
stores themselves.
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