Lindey here is from Derby, KS so her lease will vary greatly from yours. The best thing anyone can do is pick a location that is able to work well with your operation.
I want to come see her store but it about 3 hrs away one day maybe. I’m in Kansas City area and we have a Bin store that was it’s $5 but it changed to Retail Rebel and not it’s $10 also a few of there locations have a liquidation more like a retail store . I like the liquidation store better. I don’t go to the bin store very often. We have one right down the road here in Belton Mo.
The other thing if your a thrifter/reseller... if you have multiple liquidation stores near your business/store. You will do just like you do when you thrift. You shop at all the stores. That's how you score a deal. Like we go a few times a week and shop thrift stores in close neighborhoods so they will do the same thing with liquidation and bin stores. So people can't always feel like competion is a bad thing. You need to make connections.
It does amaze me that people STILL ask how much something is on certain days. I was in a bin store - Heard a customer ask, "How much is this?" The attendant answered, "$7. Everything is $7 today." The cusomer asked about another item. "How much is this?" The attendant repeated, "$7. Everything is $7." I decided to jump in on this. I asked the same attendant: "How much is this?" He answered, "$7." I pulled another item and asked, "And how much for this?" He realized I wasn't being serious and answered, "$5." LOL..... Point to him.
Hi could you explain to us how to calculate our profit and tax amount ? Because we buy sometime per kilo and sell by pieces, so when we have sales of thousands of kilos and pieces it becomes a bit confusing.....
Hey! You should totally reach out to a CPA and get a book keeper involved, many of them are fairly inexpensive when compared to the savings in the long term!
Great video! Can you make a content on the next videos with POS system (processing fees, merchant account)? Passing on the customer's credit card fees.
