Would you pay 450 for a NEW 60'' LED TV?

**new wave** · 10-24-2011 01:16 AM

Been thinking about starting a liquidation business in the niche market of consumer electronics. Mostly, TV's and home audio.

I'd go to walmart, bestbuy, or who ever and ask if they had any closeouts, returns or overstock items they need to sell. Returns especially can be bought cheap because they, by law, can never be sold as new in the store.

I'd offer to take them off their hands at 80 to 90% off retail and liquidate them through ebay as individual items or wholesale lots to other retailers.

The 60'' TV I mentioned is this one ( Sharp - 60" Class/ LED / 1080p / 120Hz / HDTV - LC60LE632U ) and it retails for 1499.

If I bought it for only 20% of its value, that's 299. Mark up of 50% to 450 and people would still be fighting to get their hands on the latest in smart tv technology.

I have 35,000 available (if I was going balls to the wall), but I'd hope I can start with a few thousand instead. After all, if I could buy these TV's at such a discount, I could easily buy 10 of them.

ideas..suggestions..

**new wave** · 10-24-2011 01:06 PM

wow no one?

**Samen** · 10-24-2011 01:27 PM

I have some ideas and I'm interested, can you add me on skype? My skype: samenskypelogin

**breatheeasy17** · 10-24-2011 03:09 PM

try it out. I would buy one one those tvs for 450!

**new wave** · 10-24-2011 07:39 PM

Samen, it would be easier if you PM me instead.

**youngspade22** · 10-25-2011 08:04 PM

Hell fucking yes I would. I have thousands of people who would to lol. That's the best deal anyone will ever get, doubt they're "new" though. PM me sir/women.

**new wave** · 10-27-2011 02:10 AM

Talked to guys at bestbuy and hhgregg. Bestbuy had 15 or more tv's that were closeouts and "open box" which were their wall displays and some customer returns however they wont sell below cost.

Hhgregg was slightly better and I was able to negotiate a lower price on some of the tv's. The original value was 8599 and I got an offer for 3745.. about a 45.7% savings..

I forgot to get the model numbers, so it's been hard to research some of the tv's on my list.

According to terapeak, televisions have a 40.59% sell-through rate over the past 7 days.

used tv's have a sell-through of 39% (some models are higher)

because of its size, most of these would have to be shipped ups freight, which will cost me about 250.00... what I dont quite understand is how some of these people on amazon and ebay are selling with free shipping, or the shipping cost is very low..

how are they doing this?.. are they eating the cost from their profit margin? must be, because their prices are pretty competitive.

be back with more detail soon.

It would be cool if I could buy these before Christmas

**nancyxt** · 10-27-2011 07:33 AM

Hmmm....Good offer but here I have limited finance budget...

**new wave** · 10-27-2011 03:23 PM

OK, this isn't going to work if I can't get bigger discounts...

A 46'' sony bravia kdl46Z5100 was offered to me at 749.00.

markup 10% --> 74.90

f---ing ebay final value fees alone are 74.15 (they charge 9% of total value)
paypal is another 2.9%

I'm going to need deeper discounts to even have a chance.

**sabie** · 10-27-2011 08:14 PM

That seriously is a good deal. If I just had the finances (and the need for a new TV) at the moment, I would surely buy.

**cptorrez** · 11-04-2011 05:48 PM

ya the problem you are going to have is getting the deal on the product. I worked at all the big dogs when it comes to electronics and you never get anything below cost. I was at a company called the good guys and when they where going under there where deals to be had until the liquidation guys came in. Once that happened we where under strict guidelines on what to sell things for. Best buy is all about cost, they never sell below cost, if you notice there open box items are not priced aggressively at all.

**new wave** · 11-04-2011 11:26 PM

I emailed a wholesale distributor in miami asking to give me a quote on TV's and home audio.. Buying liquidated goods probably wont work for me. Even buying wholesale will cost a lot sense I'll have to buy multiple pallets. Sigh.

In fact Im kinda starting to question if I should even be focusing on electronic items

**slim41190** · 11-05-2011 12:19 AM

I have a good proposition for me can you message me so we can exchange emails?

**Gator** · 11-06-2011 10:09 AM

Where did you get an idea you could buy them for 80-90% off of the price?

**new wave** · 11-06-2011 10:16 AM

When a place goes out of business, deep discounts are normal in order to clear out the inventory. The liquidator that buys it up then marks up the price and re-sells it.