At BlueRibbon Ventures, every day is a clearance sale day. Operating three specifically targeted websites, BlueRibbonToys.com, BlueRibbonKidsClothing.com and BlueRibbonCloseouts.com, company president Moses Estevez puts his 30 years of international experience to use by delivering name brand liquidation merchandise to buyers and vendors for pennies on the dollar. Since launching in 2004, Estevez has approached the closeout industry with a deep devotion to service and a business plan geared toward passing on savings to customers.
“We pay minimum price when we buy and avoid spending on warehousing and shipping related expenses in order to provide our customer with unprecedented value for their investment,” Estevez says. “For the products that we do warehouse, we have negotiated very favorable, full service deals where we pay not for warehousing, but only when product comes or goes. We save substantially and pass those savings on to our customers.”
The Best Deals on the Best Brands
Estevez expresses that his products are perfect for flea market vendors because through his site they can pay as little as five to ten percent of original retail on items such as high end toys or Kenneth Cole leather jackets, then resell the items near original retail for an incredible profit. More valuable brand names may cost between four and seven dollars per piece, but a vendor could sell items such as sweaters or leather jackets for more than $400.
Pallets can consist of new products or customer returns, neither of which are ever “cherry picked,” Estevez notes. The minimum order from the toys website is $359, but the other two sites are flexible. The children’s clothing site offers the option of purchasing one or two of an item at a cost of just a few dollars, in addition to placing bulk orders of pallets. Minimum orders on the closeouts site exist only in the sense that buyers must purchase by the pallet. Pallets contain 400 to 500 pieces at $4 to $7 each, so the cost of one pallet can range from $1600 to $3500.
BlueRibbonCloseouts.com handles high-end, brand name clothing from Adidas, Hudson, J.Lo and other major department store brands. The Value For Less page on the website details the real inner workings of what BlueRibbonCloseouts is all about. “As a result of the Recession, there are in fact more liquidations than ever before, which is wonderful for our business,” explains Estevez. This means more opportunities for vendors to earn a profit.
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