How to Start an Estate Liquidation Business to Stock an Estate Sale Consignment Store, Charitable Thrift Store?
|Posted by Tonza Borden on February 2, 2013 at 9:40 PM|
Estate sales are becoming the hottest "new boom" in the USA, and the world's richest countries. Many people, with new money, are enjoying brand new luxury lifestyles and home furnishings due to increase in per capita income, which means out with used furniture and in with new stuff.
If estate sales are the new thing, then this means a lucrative opportunity to start an estate liquidation business to take advantage of these throwaway goods.
For existing used furniture stores that do quick sales, doing estate sale buyouts is a more sophisticated way to obtain quality merchandise and increase profits.
Estate liquidation is the same as an estate sale with the goal of emptying the property of its entire contents. It is typically handled by an estate sale company and involves selling the contents anywhere things are stored, as well as boats and automobiles.
Assuming you have experience in sales and organization, starting an estate liquidation business is not too complicated. The minimum start up requirements are a business license and dishonesty bond insurance (when managing money or property for another person).
Create a name for your business, a unique selling proposition, and image that reflects what you do to make a good first impression in potential estate clients and buyers' minds.
Estate liquidators often deal with people after they've lost a loved one, so it's important that your business name be professional.
Analyze the market. Is there a need for an estate liquidation business, estate sale consignment store or charitable thrift store in the area where you live? Is the market saturated? Could an estate liquidation service enhance your existing charitable used furniture store? Do you have the best estate sale contract|agreement that covers all the details of your estate liquidation services?
Some areas are wealthier than others. The more the contents of an estate are worth, the more money you can potentially make in an estate sale business and estate sale consignment store or charitable thrift store, either online or offline.
Finally, it may not be necessary to write a business plan per se as you will see in the Secret Of Estate Sales Marketing Success. Insider's Secret: Make sure that you inquire about the client's homeowner's insurance, which covers their estate sale liability. There is a clause about property, personal and product liability in both of our Professional Estate Sale - Estate Liquidation Services Agreements (Long Form).
Thanks for reading! Post a Comment to ask me anything about estate sales!
Written by Tonza Borden from Atlanta, Georgia: Hi, I'm estate liquidator of EstateSaleServiceAtlanta.com, and publisher of Secret Of Estate Sales Marketing Success: REAL Estate Sale Techniques & Templates To Go From Beginner To Getting An Endless Stream Of Estate Sale Clients. I help people find the resources they need to succeed in estate liquidation, worldwide.
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