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This is the final installment of a 5 part series of articles that focus on reducing the costs associated with purchasing replenishment merchandise for your dollar store business. While it is the most risky, this opportunity can provide huge dividends when it comes to cost of goods for your business. Be sure you work with a representative your trust and who can help teach you the entire process during your first few orders.

Opportunity number five is only for those who can afford to tie up fairly large sums of money. Become an importer. Buying direct will significantly reduce the cost of merchandise sold for your store. However there are challenges associated with importing! Right off the bat you will face the need to have funds or credit that can be tied up for fairly long periods of time. Next you will face selling significantly larger quantities of merchandise than you have likely ever handled previously.

Having items manufactured for your business is exciting. You may have options available such as placing your store name onto the product labeling. You will also be able to order exactly the items that you want for your store. The price, even after shipping is added will be very low when compared to what you have been paying. One container load can positively affect the cost of goods sold for your dollar store business for several months. However with all this good news, there are added issues that you must address.

Generally there will be a requirement to purchase container sized loads of merchandise. While this makes for very inexpensive freight, rest assured there will be more merchandise than you likely have dealt with if you are one or two stores in operation. The other challenge is the need to purchase hundreds or even thousands of each item that is ordered. For the typical dollar store business that can equate to several years worth of merchandise at current sales levels.

All of that merchandise takes lots of room to store. Be prepared when your order arrives. Unless you own several stores, you must liquidate the excess merchandise that you receive. There are a variety of strategies for doing this. Become a wholesale distributor yourself. Use excess merchandise as a means of starting that business without added expense. Another option is to speak with a local distributor or sales representative about selling the excess merchandise on a commission basis. You might even find a local supplier who is willing to trade a portion of your excess merchandise for merchandise that you routinely sell in your store. Don’t forget to offer the merchandise on the internet. Local or national auctions and sales pages that specialize in bulk quantity sales are available at little or no cost.

As with all well managed risk, there is also the opportunity to significantly reduce the cost of goods sold for your dollar store business. That reduction can add thousands to your profit.

To your dollar store business success!

Are you interested in opening you own dollar store? Check out “A Beginner’s Guide to Opening a Dollar Store at http://www.OpeningADollarStore.com

Bob Hamilton is an entrepreneur, author, writer, business consultant and trainer. http://www.marketingsuccesscenter.com