How to buy stock?
How to Buy Surplus Stock by Sam Ashe-Edmunds - Updated September 26, One way to increase your inventory and reduce your purchasing costs is to buy the surplus inventory of others.
This can include buying excess stock from manufacturers, retailers, wholesalers or distributors. Knowing the basics of finding, selecting and making offers on surplus stock can help you find products you can sell for a bigger profit than if you used traditional purchasing methods.
Find Sellers The first step in buying surplus stock is to find the sellers of excess goods. One way to do this is by contacting wholesalers, distributors, liquidators and sales representatives of manufacturers.
Contact retailers directly, asking about their surplus stock situations.
Look for merchant going-out-business sales, liquidation sales, public auctions and local or regional business-to-business exchange services. Chain stores might be required to return excess stock to a main warehouse, so independent retailers might be a better target for you.
Search online at websites such as eBay, Craigslist and Overstock. To find items sold at government auctions, visit the website of the U.
Determine if any items you are considering buying are close to or past their expiration date. If you are buying discontinued items, consider whether they will still be under warranty or will be obsolete before you can sell them.
Determine if you are legally allowed to sell the inventory you plan on buying. Some items, such as food and medicine, will require one or more licenses.
Video of the Day Brought to you by Techwalla Brought to you by Techwalla Make Counteroffers Once you know exactly what inventory you want and are willing to pay for it, make counteroffers to sellers. Ask about free shipping or if the seller will store some of the items until you finish selling them.
For example, if you think it will take you 60 days to sell enough of the excess inventory to pay for the original purchase cost, ask for day payment terms.
Ask manufacturers to extend warranties or customer service to surplus you buy from them. Research Donation Deductions In some cases, you will have to buy more surplus stock than you want in order to get the items.
Contact an accountant versed in charitable contribution deductions to determine exactly what write-off amount you will be able to take on items you donate.
Not all nonprofits qualify for tax-deductible donations -- find a qualifying charity that will accept your goods before you rely on a donation strategy.Many people buy a single share of stock as a novelty, a memorabilia item, a way to receive stock and annual reports from the company or to present as a gift to a friend or initiativeblog.com://initiativeblog.com Decide whether you want to buy a specific German stock or a German index fund.
An exchange-traded fund (ETF) is an investment fund that buys assets and then issues shares to the public, which trade on the stock exchange like any other initiativeblog.com://initiativeblog.com · Stock tips spill from everywhere: on social media, on TV, at parties, in the gym.
Email boxes are full of pitches for can’t-miss moneymakers to buy right now. Even your own scouting efforts spot initiativeblog.com · If you're wanting to buy stocks for entertainment, then perhaps you can open up a small stock account and commit the funds to "entertainment," initiativeblog.com · Ordinarily, the plan administrators batch the cash from those participating in the direct stock purchase plan and use it to buy shares of the company, either on the open market or freshly issued from the business itself, on predetermined initiativeblog.com://initiativeblog.com · Preferred Stocks – Preferred stock is a special type of stock that often pays higher dividends but has limited upside.
Bonds – When you lend money to a country, municipality, business, or other institution, you buy bonds such as corporate bonds, municipal bonds, savings bonds, U.S.
government Treasury bonds, initiativeblog.com://initiativeblog.com