Wholesale 101

Have you ever had that customer that no matter what you do you can’t seem to make them happy? I have learned that the reason for this is usually because what the buyer is asking you for is NOT what they actually want! So today we are going to “decode” unhappy buyer lingo!First of all, let’s discuss buyer unhappiness in general. Here’s some statistics that may surprise you:Now let's discuss these amazing statistics:Obviously an item that broke in transit is a very logical reason for being unhap …

Most online sellers I have chatted with do not understand how taxes work in general, let alone how write-offs work and how important they are. Write offs are so important, that in your first several years of business you likely will get a LARGER tax return check because you have a lot of costs to get rolling! Here’s a simple example of how writeoffs work that we used in yesterdays article:Damaged inventory is a TAX WRITEOFF. It goes in the “Loss” Category. Let’s say you pay $1,000 for 100 piece …

Getting completely damaged inventory always sucks. There’s never a time when you get a broken item and celebrate. Ever. BUT you should NOT be throwing away your damaged pieces! Here’s what you need to do:Damaged inventory is a TAX WRITEOFF. It goes in the “Loss” Category. Here’s a really super quick, simple explanation of how important it is to write-off your losses. Let’s say you pay $1,000 for 100 pieces of clothing. This means you paid $10 per piece.Let’s say 20 pieces are totally unse …

Our tutorial page has moved.  You can see the 3 types of sensor removers, learn about the types of tags each sensor removes and watch a video tutorial on our other site.    Click here to go to our other site then select any of the sensor images to learn about each type.  Video demo available in each listing.     …

Sometimes you may find yourself in a position where a buyer is insisting an item is not authentic.  Typically, it's a really bizarre conversation because the reasoning the buyer is using doesn't make any sense.  Over the past 15 years in business we have had people say the strangest things regarding authenticity, here's a couple examples:Buyer claims a Victorias Secret item is fake because the tag says "Made in China", but Victorias Secret regularly manufacturers in China, Bangladesh, …