🚇
Slick's FBA Guide
  • Getting Started
    • What is selling on Amazon
    • Foundations of Amazon
    • LLC Vs Sole proprietor
    • Creating your LLC:
    • Making an Amazon account
    • Amz Terminology
  • Learning about Amazon
    • Navigating Seller Central
    • Adding a product to Seller Central
    • Shipments 101
    • How are payments structured
  • Learning about Amazon - Part 2
    • Introduction to Returns
    • Editing your return settings
    • Appealing a return
    • Return Template
    • The world of getting ungated
    • Account Health
    • Appealing a review
  • Analyzing with Slick
    • In-depth analysis of charts and data
    • Buy-box World
    • When to FBM or FBA
    • Understanding “IP” and “PL”
    • What makes the perfect lead?
  • Checking out a lead
    • Rakuten, Topcash, and Honey1
    • Financing 💰
  • Sourcing Guides
    • Helium 10 Sourcing
    • Rakuten Sourcing
    • Peeking at your competitors
    • Tips for the seasons
  • Resources
    • Shocked Resources
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  1. Sourcing Guides

Tips for the seasons

This isn't really a sourcing guide, but rather than a little overview of some things that go along with sourcing. This is an outline of hos to optimize your profitability. However, this does apply to really any retail store

Effective Approaches for Home Depot Clearance

Ensure that you scan the item's actual barcode, not the yellow barcode. If the price concludes with a digit 6, anticipate another markdown within 6 weeks. Similarly, if the price culminates in a digit 3, that signifies the lowest possible price for the item. The stickers on the items reveal the markdown date. Given the swift turnover of these items, when you come across a profitable prospect, it's advisable to seize it promptly.

On occasion, you can negotiate the prices. Engage with a manager to explore the possibility of further price reductions. Managers typically aim to clear these items and frequently consent to price adjustments. Typical categories for markdowns encompass home and garden supplies, tools, paint, lighting, and pesticides.

Opportunities with Extremely Low-Priced Items

At times, you may stumble upon items slashed to $0.01. These items are discontinued and are intended for disposal or return to the manufacturer. However, some might make their way onto the sales floor. When you discover such an item, avoid proceeding to a regular checkout. Cashiers might inform you that the item is not saleable and request its return. Instead, utilize the self-checkout option. While an employee validation might be prompted, you can often bypass it and continue scanning items.

Developing rapport with store employees can yield benefits. Employees can assist you by safeguarding items, providing information on markdowns or profitable items, and supporting your retail arbitrage endeavors. This practice holds true across various store strategies.

Strategic Holiday Shopping

Home Depot consistently offers substantial post-holiday discounts on seasonal merchandise. The discounts commence at 50% off right after Christmas and typically escalate to 75% within a week, occasionally reaching 90% by January. It's wise to wait until the new year to initiate your shopping spree.

Enhanced Savings Tactics

Before embarking on your Home Depot or other major retailer shopping excursion, explore platforms like Cardpool, Raise, or CardCash. These platforms offer discounts of up to 5.5% for Home Depot gift cards and up to 35% for gift cards from other stores.

Optimizing Your Store Visit

Clearance sections tend to be disorganized. Once you uncover a profitable item, meticulously search through the entire section to ensure you haven't overlooked any potential products. Afterward, proceed to the customer service desk for item scanning to confirm if any more of the item remain in stock.

Upon purchasing all available items in the store, inquire about inventory at neighboring stores. Some outlets possess a pro desk accessible to customers, which can aid in checking inventory at nearby locations.

Home Depot extends a 10% discount to active-duty and retired military personnel. Additionally, the store boasts a lenient return policy. If a product becomes unsellable du

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Last updated 1 year ago