How to run, open and fill up a bin store. Answering all the questions!!

[@mdhossain7714]

There are many in the market doing liquidation but nobody like you. I believe you are the king in this industry and always follow you and inspire from you. Bin store was always my dream like a restaurant business. I just started started my new restaurant and god willing bin store will be my next project sir. One day i will come to meet you from PA.

[@TheBlydenburghs]

Thanks Tom! I found this the most valuable video you have done so far!

[@jeffarto8340]

What POS do you suggest at all levels of business inventory? Ex. 100 items, 1k items, 10k items, 100k items, and more

[@brianmatthews3809]

I’m looking into opening a bin store. You say you like to purchase your product at $1 with average retail of $10, do you ever take any losses on product or pay over $1 to make sure you stocked store?

[@kbomb1235]

Tom. Two questions for now: 1. What do you do with ‘stale inventory’? Ive been to stores that just allow new stuff to bury old stuff until it’s a hot mess. Do you periodically clear out inventory and resell it as an unmanifested pallet, do you donate it or do you find you move through enough so that it’s not a problem 2. I worry about market saturation before opening a bin store. In general terms how far from another bin store would you recommend? Or do you see it like supermarkets where they can be across the street from each other without issue. Edit: Question #3: what is the demographic you look for in an area you consider opening a bin store. Meaning average income for a given zip code. I know Lutz might not be a good location for a bin store but Lakeland might be. Question #4 what was the main determining factor for choosing your second location in relation to the first? Was it simply a matter of rent pricing? Was it location/demographics? Or was it a combination of those in conjunction with a given distance from your first store as to not cannibalize sales? Question #5: What are the considerations for where a bin store should be with Friday/Saturday pricing? I see you’re at $5 to start. Ive seen others at $6 and some (in South Florida where I’m at) as high as $8. There’s obviously a point of diminishing returns on pricing so I would be interested to hear your thoughts. Thanks in advance

[@kensations]

Where? Because I see $12

[@doreenroylo4854]

What do you use to keep track of inventory?

[@saltylivin9163]

Hello Tom ...love your videos ...I’m thinking about opening a bin store in North Carolina! On average what would be your gross sales before any expenses on a 20,000 truckload? Also Do you know of any good suppliers in North Carolina close to the Charlotte area for Amazon smalls truckloads? Thanks again

[@LiquidationMotivation]

Please join my Facebook group Bin Store Co-Op, I am trying to group bin stores together to give us more buying power. I will post on there when loads are available and we can work to negotiate prices down.

[@samabate6992]

I want to open a bin store. I just went to my first bin store in Tampa yesterday.

[@LiquidationMotivation]

I hope it was ours inside the Tampa Mall!

[@Lanaraim]

Thank you so much for this great information! Very detailed and helpful.

[@nathanpaine7475]

Are the shipping costs figured into the prices you are saying.

[@kiki070300123]

I am a fulfillment warehouse owner. I used to help customer to do clearance and sell the overstock product at truckloads at 5k. But now there are many big buyers who take all from me. So I can tell why the price is getting so high for a truckload.

[@brianwinningham5779]

Great video!! I watch all your videos! Working on opening a bin store soon!

[@LiquidationMotivation]

Please join my Facebook group Bin Store Co-Op, I am trying to group bin stores together to give us more buying power. I will post on there when loads are available and we can work to negotiate prices down.

[@karledgren8150]

Tom again thank you I haven’t started yet I will be soon I haven’t forgot about dinner I hope I’m going to owe you I listen to everything you say thanks again

[@BakerAli-ni7ri]

Where u got the stuff there is any vendor for that

[@ibanez19741]

Hoping to talk to to about opening a store in the orlando area.

[@topsella20]

is u had 500 phone cases from iphone 8 --iphone 12. would u scatter them all loose and random or would u have the 8 cases inn. a box in the bins and the iphone 13 cases in brown box in bin??

[@kensations]

How do you get inventory?

[@yosemitecrystals6327]

Breaking down the harsh realities of cost! Whats abput opening one half as big as yours?

[@kareemaboor2103]

Can you please share where you are buying your merchandise from please? I am new to the bin store game and am looking for reputable suppliers that don’t cherry pick the best stuff and leave you with junk.. thank you

[@scottschuette9819]

What size are your dump tables?

[@LiquidationMotivation]

4x8

[@dontworrybehappy975]

I've been searching and searching and still can't find where you get those Ikea frakta bags for $1.25 with shipping. Can you tell me where you get them?

[@Theheyyou20]

What do you do with the left over inventory that remains on the day before restocking? Do you keep them in the bins so that they hopefully sell eventually or do you dump them out and sell the remains locally?

[@lilolme69]

I'm not sure what he does, some stores have a $20 fill your bag day or a .25c day.

[@martinnihad5210]

You sell it cheaper on the next day or week and so on

[@bbrezze3454]

The bin store near me uses that stuff to fill large mystery boxes for 10.00 each. They get rid of old stuff and ppl save money on the items.

[@fundrice21]

Hey I'm trying to start a bin store in my area by I'm trying to decide if I should use my own money or get investors? Can you help me decide?

[@hustlewithjulian5118]

Do you ever do appliances why or why not?

[@bobbalouie1303]

You said rent is about $3,500 a month, but the graphic in your video said $35,000. Get your act together, do you make the same mistakes running your bin stores?

[@SoftwareAITools]

At 1:22 of Video says $35,000 a month not $3,500

[@lilolme69]

Yeah, those numbers could really throw a wrench in someone's budget. lol

[@hkang135]

It’s more like $15k-$18k for both, unless he has a homie hookup.

[@lilolme69]

@Egyptian King We have several here in the DFW area in small warehouse spaces. The people seem to fill them up every weekend! Rent is $800-$2000 depending where it is located.

[@jeffarto8340]

I would turn those eggs into a contest to win the PS4 or Xbox or what ever of high value. Make them all go into a final round to draw and win it. Video it and share it for free advertising!! Boom!!!

[@colocolo8325]

That’s crazy I went to McKeel

[@Price-qd1cd]

Great video!

[@nicoriley9473]

Great video

[@jesseyork4933]

Why did you change the name from Liquidation Motivation to Middle Aged Male?

[@blueroanie]

Ok wait.......u said not to cherry pick the pallets n sell the higher value items on shelves n ur other videos.....but n this video u just said that u pick thru ur pallets n keep ur higher valued items for ur main store n take the rest to ur bin stores........Sooooo?? Ur cherry picking ur pallets but u have separate locations to sell it thru.......not all of us have 2 kinds of stores like u do. So.....I’m keeping my shelves.

[@kurtdahle]

largest store in the world? umm

[@jakechip1702]

You are the reason why There is so little of this product in the market. You say you’ve been in the industry for 20 years yet you run your mouth on topics you shouldn’t. Take these videos down. You are only hurting yourself.

[@kbomb1235]

are you going to come and shitpost on EVERY VIDEO... If you don't find his videos helpful, don't watch its simple. But I don't know who you think you are white knighting for. No one here cares about your crusade.

[@rayebaldwin9086]

WOW! It's his channel. Smh! Just go somewhere else.

[@Westcoast10]

Or you could just not watch? His videos are helpful