Closeout Purchases Are Great Opportunities For Amazon FBA Sellers To Generate Extra Profits

Bob Schneck from ALGO Online Retail recently demonstrated how to execute a closeout purchase.
PEARL RIVER, N.Y. - July 29, 2020 - PRLog -- ALGO Online Retail is the industry leader in providing support, training, and tools to people who sell brand name products on Amazon. Bob Schneck is one of their lead instructors who has been selling on the internet for over 20 years. Bob Schneck has been selling on Amazon for more than six years.

A closeout purchase is when a seller buy out of the units from a supplier. A closeout purchase can be very opportunistic for Amazon sellers because it means there is usually little competition on the third party marketplace for that product. A lot of Amazon sellers like to turn their inventory over in a few months and then repurchase the same product. Closeout purchases are a great way to add another product to the portfolio and earn extra profits for the quarter. It is great to have suppliers who have access to the same products every quarter and then suppliers who offer closeout purchases. Developing a relationship with suppliers is key to receiving these opportunities because the suppliers will come to a consistent buyer before they offer it to the rest of their client list.

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