Bin Store Inventory and Questions for beginners!!!

[@henrytchoffo1081]

I recently opened an amazon and ebay account to resell, but my long goal is to open a bin store, and your videos has been the number one spark to this idea. And now i rely on your videos to wrie my business plan. But my number one question is "How do i secure finances?"

[@ChrisWillette-j1g]

Love this guy! We started selling pallets earlier this year and now looking at a bin store. Thanks so much for the help!!

[@OperationLiquidation]

Great Video Tom. I have been watching you for a few months now and believe that you are a stand up guy putting out positive content about the liquidation game. Some of my most viewed videos are unboxing pallets, people really enjoy seeing what's inside and the potential profit. Maybe you can sprinkle some of those in to increase your viewership. -Dan

[@FlippinAintEasy]

There is a bin store in Southern California called Treasure Hunt that has a unique pricing strategy. They bring the pallet onto the floor starting at 90% of MSRP. After a day or two, the merchandise is moved over to the 80% area, then 70%, 60%, 40%, 20%. They also have an app where the customer can scan the product for the adjusted price. They are always busy and it looks to be a decent pricing model for a bin store. - Flippin Aint Easy

[@eddiemalcom4900]

Great information, Thanks for sharing !!!

[@lindawiegand9309]

Even though I am retired and have no intention of opening a store, I still enjoy your KZbin videos!

[@lindsayfortuin3784]

Can you make a video on what you do with all the broken items in the pallets, and also the ways in which you fix the broken items.

[@gerrymonso]

So I was listening to your video I appreciate all the help you do for us I have a clearance center discount store in Long Island New York I do Walmart target Costco I scan the item and I do 50% of the MSRP doing pretty good $20-$30,000 a month gross and I’m switching half the store over to a bin store and I know I heard you say you put $50 items in under in your bin stores for five dollars I’m going to be put doing $10 Saturday Sunday Tuesday Wednesday Thursday Six dollars $3 $1. Friday restock. I’m gonna be putting in hundred dollar items and under in the bins so Saturday and Sunday with my $10 day any thoughts I appreciate all the help you gave us guys I belong to your Bing co-op on Facebook a lot of great people

[@Fzirawi]

Thanks Tom for sharing your knowledge, Im Fahd I’m launching a closeout business in Fort Worth soon, I look forward to doing business with you! Great stuff

[@letsrolltina7101]

I'm going through all of you videos. I'm learning so much. There are no bin stores in my state. My husband and I would like to change that. Thank you for sharing with us.

[@katrinacremeans1132]

I visited and fell in love with one in Muncie Indiana. they priced $10 down to $0.25 open 7 days a week. they restocked on Sunday nights. Sunday day was $0.25 cents to clear out the old stock. they also had large ticket items on the outer walls with set prices and with the stale larger items they added them on other days until sold. I would only visit on the $10 days and $0.25 days cause the distance of travel and area. hope it helps

[@phillyspecialeast8576]

I fell in love with owning my own business and now that I'm retired I want a bin store. Where do I find the guys that sell the truckloads, are there listings for buying pallets, or do I have to seek and find on my own and just ask around?

[@cindywright3187]

Very informative!!! Thanks

[@alesacrawford941]

I like your Lakeland store. Lots of different items, always something new!! Great job Tom!

[@LiquidationMotivation]

Glad you enjoy it!

[@michaelbahoura4566]

Great communication skills. Thank you

[@5X5NEWSUS]

Make your starting amount on your bin stores a mystery each week. Not so much a mystery but let it change each week when necessary. The reason is you may have a load where you really need to start at $20 or $10 etc. Last day is always a dollar. I mentioned this to Ian the other day was go bin price your pallets when you have the inventory to do it. A pallet you normally sell at $1000 start at $1500 or $1200 or whatever.. then every Monday or whatever day you chose drop the price by 15% until gone. This allows you to make more on someone itching to buy and your regulars will feel good about you having a structured way of discounting inventory that is aging. Make the last price just a bit over your cost. I love the 80/20 rule. 80% of your sales will come from 20% of your skus etc.. What is your inventory turn ratio? Do you have a system in place that Identifies older stock and allows you to manage it through discount or soft promotion? I'd love to talk with you when you can set a time on sales marketing and promotion concepts used by the multi-million dollar guys. I ain't selling nothing but I do enjoy putting programs together that create cash flow. Plus I have some down time coming soon.

[@mikeg3379]

Best natural personality on KZbin

[@jerel2119]

I like the info you provide! I’m in the process of figuring how to partner and do this part time for extra income. I’ve watched many of your videos but any tips or suggestions are appreciated, thanks!

[@jenniferkeoshgerian1599]

I have an apartment with a store front. I put in a small-scale bookstore for children's education books. As much as I love selling these books, books don't sell. I am considering making a switch to a small-scale bin store. I have a great source, locally, for buying product in pallets. If you have any suggestions for doing what you do but at a much smaller scale, I would be interested.

[@LiquidationMotivation]

That's a great idea!

[@mariennecrouse]

Hey there. Love your channel. My husband and I, considering opening a bin store in Atlanta, GA, and watching all of your videos. Really enjoyed the content. I have two questions for you: what camera does your cameraman use? The quality is amazing!!! And another question: We do have a good liquidator in Atlanta nearby, would you recommend going locally and purchasing pallets from him? How to find a space for a bin store? What price range is good? Any specifics about location? What to look for when looking for a store??? Thanks so much. Mary

[@trishagianesin2492]

in the Chicagoland area here - we have 2 within 15 miles of me (one in NW Illinois and one in SW Wisconsin) both start at 10, 8, 6, 4, 2, 1 - but they are Target only bin stores

[@Icantthinkofanythingatall]

I'm opening a small bin store in two weeks.

[@brandonmorse9000]

Great videos thank you for sharing

[@richardbacon725]

And my thoughts on the high cost of shipping I would have the truckers with a double containers hall your purchases at one time saving money that way

[@redone9430]

Thank you for all the info you share with us.

[@phillyspecialeast8576]

Also, do I have to have my own forklift truck or just a pallet mover? Let me know, Thanks

[@dorallysrodriguez8818]

Thanks for all the good information Tom

[@millerw2378]

Awesome content. I will be in contact with you about inventory for our future Bin Store business.

[@margaretdietrick5401]

👍👍 great info, thnx for sharing.

[@superjoey1971]

I'm new to this and looking to open a bin store!

[@LAKR9692]

I had ham with rice and gravy for dinner last night LOL

[@robertmcgirr9465]

Keep up video, learned loo ts, appreciate all the tips

[@saikc4759]

Love this education, with full time IT job, need to start

[@humbertoflores9050]

Great info. Thanks!

[@rooster300]

Thank you Tom, Carlos from Sacramento ca

[@LiquidationMotivation]

Thanks for watching!

[@rental.brooklyn]

Where do you get the inventory? I’m opening a store in New York

[@mitchkogelschatz4225]

This is great stuff. I will be watching all your videos!!! We do lots of sales through a FB group we created. It has 12.4k members in about 8 months... I would love to speak with you about this process and your thoughts!!!

[@Venger000]

By the way remember masks can be donated to local schools etc for write - offs!

[@annspires8380]

Thanks, good to know.

[@kennethvincentministries4596]

Where do you recommend buying pallets from?

[@kbomb1235]

Thanks so much for reading my questions. Don’t worry. I’m not coming for Goliath yet. I’m in Palm Beach County

[@richardbacon725]

I’d like to know why some rigs are manifested and others are not, example harbor freight advertise price for and 10,000 per load 24 pallets, other question the high shipping rates you’ve been paying are they charging the same people that live in the same state but the opposite side of it the same kind of Shipping fees? I would if you happen to have your own rig? Richie Bacon tell Bing I said hello!

[@anatoliistebnitskyi2890]

hi i also have a bargain bin store located in illinois. tell me please from whom to take the goods and who to trust? Thanks a lot.

[@donwest8718]

Great video 😊 👍

[@larryskipper7709]

Just wanted to say thanks for all the advice it really helps and it's definitely needed! Especially in this gambling game lol No risk no reward ha

[@rollingnay]

Love the channel.

[@steliangherman]

About to open a bin store. Very informative video, thanks!

[@LiquidationMotivation]

Glad it was helpful!

[@irizarrylumi]

Great info... thanks.

[@anilsheriff8898]

Great content. Thank you

[@Jboogiereactz]

Where should I go for loads. I got pallets from you in the past and other places but ready to buy truckloads for a new bin store.

[@LiquidationMotivation]

maybe B-stock, target HPC loads will work. Wholesalzes on Homosassa also.

[@benchildress4989]

Love you guys and the videos

[@LiquidationMotivation]

Thanks for watching!

[@cathychildress]

Great video

[@-A.K-]

Great information, thanks

[@jameslove8519]

Thanks for the info Tom.

[@kristab8953]

Thanks so much for this content!

[@gerrymonso]

your awsome.... where can i get 6 1/2 bin pallets???

[@dirkembery9303]

Can we get an updated tour of the overall store? Cheers.

[@bradsavel2042]

Great videos

[@staciearmer5632]

We have learned so much from your videos,thank you

[@LiquidationMotivation]

You are very welcome

[@mikela9153]

i am thinking open bin store in California do you recommend which liquidation i can buy truck load of Amazon from please help. Thank you

[@annspires8380]

I'm a small seller in a small Midwest town of less than 2000, close to a metro area. Can this be done on a small scale?

[@LiquidationMotivation]

Hello Ann Spires! I’m Roma, Tom’s Assistant. On behalf of Liquidation Motivation, I want to thank you for your engagement on our channel. Questions like yours are what makes our community strong. I say this because there are others that may have that very same question. I know that Tom loves sharing the answers live on the air so we can all learn together, so I will be sure that he answers it this week!

[@noelkenyon1912]

Absolutely!!! People from surrounding towns will come. People near and far love good deals! I know your comment is 9 months old, did you end up opening a store?

[@nathannieves2317]

ANOTHER GREAT VIDEO!!!!!

[@pokeypauley844]

Hi Tom so where is your third bin store? or is it just 2 that ya have? thanks love the videos toodles

[@LiquidationMotivation]

thinking about plant city florida!!

[@Venger000]

@@LiquidationMotivation NOOOO I'm wanting to head that direction :) looking for a partner ?

[@brianwinningham5779]

Great video. Do you have promos in your Bin stores? and what kind?

[@harrybriggs1741]

Thanks for the videos

[@benchildress4989]

Love your videos

[@yonkobrow]

I’ve been thinking about opening a store, but people are telling me to stay away, they say the business is to hard and the margin is almost zero. Any thoughts?

[@amayahustles7136]

A little late lol Another great video! I had a question why don’t you accept cash as a payment?

[@davidbillera9296]

Thanks Tom!

[@babyblueyess75]

Thanks Tom! You are awesome!

[@richardjakaus9237]

Great advice

[@LiquidationMotivation]

Thanks!!

[@Creationsbyfrancois]

I'm starting looking into liquidation pallets to open up a online business,any help or tips

[@LiquidationMotivation]

yup, watch my 300 videos, good luck!

[@karledgren8150]

How the heck is cazboys doing it they have some huge stores but I think they seem a little arrogant where come across as the type of guy I’d like to meet and learn a few things but really appreciate everything you do offer

[@ChefJee]

Good day, Which website did you buy Macys pallet?

[@LiquidationMotivation]

macysliquidation.com/

[@ChefJee]

@@LiquidationMotivation I signed up September 14, but haven’t heard anything from them, even after sending emails. I was starting to think it is a scam, and I entered all my business information in. 😬 Thank you

[@jeremymongold7816]

Awesome

[@daninsanantone]

great info!

[@peterroushon2878]

excellent

[@TKHUTTER]

Yup good stuff

[@sandyhandelman]

Your great!!

[@Theshaniqua19861]

Your Amazing 😉

[@JC-ny2su]

I like your videos :)

[@LiquidationMotivation]

Glad you like them!

[@goodonyou]

Great info....thank you!

[@Aaron-de9xd]

Loving the content Tom

[@tracylj660]

Where do you purchase the inventory?

[@dliikmatv8393]

Bro do you think I can find better deals truckload Amazon high count in the USA , I am from Canada Ontario Thank you

[@leugim8872]

Good advice

[@hifayafa7914]

You are awesome

[@alexberg4301]

Hi What kind of advertising do you do for your Bin stores??

[@abdoutsarkila1126]

Can i start a store with 3000sf the rent so cheap and the location its not bad i dont know where can i get inventory

[@aminpabani4878]

can you suggest a good bin store broker

[@LiquidationSalvation]

Great video Tom!

[@odwan-jq3zp]

Hi and thanks for everything

[@LiquidationMotivation]

No problem

[@normibu4204]

thank you Tom.....

[@ahmadhamideh7966]

youre amazing !

[@chilidogproductioncompany5110]

Where do I purchase HPC items maybe sealed amazon boxes……..help

[@peterroushon2878]

great info

[@ardithbirdsong5547]

Where to source suppliers?

[@alfredbertschy1244]

Would you mind sharing your supplier with us

[@kbomb1235]

What is a good distance between bin stores

[@LiquidationMotivation]

Probably 10 miles, thanks!!

[@kbomb1235]

@@LiquidationMotivation sorry. I asked this question BEFORE I realized you were reading my questions from a previous video. Just tryna feed the algorithm

[@kbomb1235]

What’s your percentage of manifested vs unmanifested loads?

[@LiquidationMotivation]

probably half are manifested, thanks

[@hectorr3972]

thanks for the video