Closeout Brokers are in a unique position within the closeout business.

Closeout brokers are facilitators that connect closeout sellers to closeout buyers. Since their business is simply making successful matches between buyers and sellers, they can earn money without having to buy, stock, or deliver products.

A closeout broker is a business person that locates the owners of merchandise, negotiates a price, and then locates buyers for the merchandise. The closeout broker can either make money by marking up the merchandise, or by receiving a commission from the seller.

Since the closeout broker does not stock or ship the merchandise, he can work from anywhere provided that he has a phone and an internet connection.

A closeout broker can even sell the merchandise on eBay, provided that he works out the shipping details with the seller. Once the auction is done the broker would supply the seller with the customers shipping address. The order can be even shipped with the closeout broker’s contact information as the return address.

By having the merchandise drop shipped the broker avoids the logistics issues that shipping entails.

To start working as a closeout broker you will need to form a relationship with wholesalers. Wholesalers have merchandise in large quantities, and are set up to deliver merchandise to your customers. Have a solid agreement with them in place so that issues will not arise in the future.

Your next is to compile a list of prospective customers.

Wholesalers once again top the list. Wholesalers by their nature need to buy merchandise in large quantities. Additionally, compile a list of dollar stores, clothing stores, flea market vendors, and eBay sellers.

Just make sure that he seller is willing to sell in smaller amounts, since small stores will only order in small quantities. The same goes for flea market vendors and eBay sellers. If a wholesaler is unwilling to sell merchandise in smaller quantities, offer him a slightly higher price for his goods in exchange for smaller quantity sales.

Small retailers and vendors understand that the price they pay is dependent on the quantity ordered.

To maximize your earnings as a closeout broker you need to develop repeat customers for your deals. Even if your deals change you can offer them to your customer list.

Being a closeout broker is a lucrative business which requires time and patience. Although the rewards are lucrative, work is still required.

A comprehensive study of 2000 consumers who shopped and made purchases from Home Depot, Lowes and Menards Big Box stores in 2006 has just been completed by Minneapolis, Minnesota based building materials research firm Market Resource Associates, Inc. (MRA)

Consumer respondents had to shop in at least 2 of the chains to qualify for participation and were not paid anything for their cooperation. The out-bound telephone protocol was administered to 56 markets within the 48 contiguous United States between July and October of 2006. The markets and resulting quotas were selected based upon housing activity in 2005. Further, the results of this latest study were compared to results from the same study undertaken two years ago.

In the 122 page comprehensive report, the 3 competitors are rated on 29 different product categories to determine which types of consumers shop for which types of materials at which chains. The 3 chains are also rated against 11 very specific attitudinal criteria. These criteria include but are not limited to:

„« The store is the absolute best value for my money
„« The store is the place I get the most useful help when I need it
„« The store values me as a customer

Also studied was¡K which chains do consumers enter and in which do they actually purchase? In this regard, Home Depot has slipped; Lowes and Menards have improved over the previous study. In fact, Menards is the highest rated chain for the entered / actually purchased category. When consumers go to Menards, they know and find what they want. Slippage can be caused by consumers not finding the items they were looking for, as well as not being able to find assistance from store associates, among other reasons.

As lumber and related items tend to define the Big Box home improvement chain, a loss was noted at all chains in the number of lumber purchasers from the 2004 to the 2006 studies. Home Depot had the largest decline, followed by Menards and then Lowes.

In another category noted for larger projects ¡V rough electrical ¡V Home Depot lost over 40% of its previous purchasers, to Lowes losing 23% and Menards experiencing no change.

One must ask if consumers are becoming less involved in larger projects where these two product types would play a heavy role, or are they seeking other venues for their purchasing? Generally, as the housing market declines, which is true of many areas studied, larger Do-It-Yourself projects flourish as homeowners tend to add on or fix up their existing homes. This is not seen as the case from the data presented.

Business process monitoring helps those in authority determine the exact situation of the flow of all business processes and how they are carried out in real time. Alerts are sounded, indicating possible breakdowns of business processes while business process monitoring systems are installed. Initially, firms were hesitant to use business-monitoring systems, as they need to provide detailed workflow process, which made it a very expensive investment. This is no longer the case, and more and more business are looking to implement business process monitoring.

Business process monitoring systems help identify the inefficiencies of the IT infrastructure of a firm and help identify ways they can be modified. These systems also ensure consistent work flow by identifying breakdowns before they happen, causing action to be taken to prevent disruption of work flow, thereby making sure there is value generation through business process monitoring. They help to make clear that the various tasks are interrelated and how they are linked together in sequential as well as parallel flow of the work process.

Business Process Monitoring Systems:

Business process monitoring systems have to be selected with care, taking into consideration if they offer process improvement methodologies. They need to have a dynamic process orchestrating engine that have a recovery feature and failure notification system, have a business rules engine to determine the work flow process, contain integrated servers and adapters to provide transportation, and make possible routing of information and events through the process. If they have a process simulation feature, the feedback will be better, enabling better monitoring. They will have key performance indicators and many more KPI can be developed to track specific business processes as well as have analytical tools to determine the exact state of the business processes in the firm.

Firms have to realize the cost saving and increased efficiency in the flow of business processes that a good business process monitoring system can provide. They have to consider the long-term benefits as increased efficiency in management of business processes results in better output, making sure resources are not wasted. Unhindered and well-synchronized workflows assure better quality of products or service provided by the firms.

Business process monitoring systems help in improving the efficiency of the IT infrastructure of the firm, making sure resources are not wasted. They also help determine how each application has to be interlinked to ensure the smooth flow of information within the organization as well as help synchronize all business processes, ensuring there are coordination and no disruption of the work flow as much as possible by also having warnings sounded when situations that cause breakdowns arise.

In a problem-free atmosphere, firms can concentrate better to improve their products and design innovative products that can benefit the customers. Thus, business process monitoring systems are necessary and, in fact, essential for value generation through business process monitoring. Though the initial cost may be high, the resulting savings in cost, time, and labor may be well worth the investment in the end.

Nobody I know wants to spend the last period of their life struggling with debt. Unfortunately though, that is exactly what is happening for an increasing number of senior citizens. There are a lot of options available to younger people such as getting a second job to pay off the debt faster are just not available to senior citizens. So what is? Here is an often overlooked list of items that can help you in such circumstances:

Even if you have some savings it is not a good idea to pay off the loan even though you are paying 20% interest on one hand and earning only 4% on the other. The reason is that incase you face any financial burden in the future, you will not find help anywhere. So it is wiser to keep your cash to yourself, and credit to your creditor! Easier said than done, but remember, your money is for your security.

Also, if you really don’t have the money to pay off your credit card debt you can consider letting the creditors sue you! This decision has more psychological barriers than any other. If a creditor sues you they cannot seize your property. The worst they can do is put a lien against it and claim it only after you die.

If you don’t have a property then the debt is written off with your death and your inheritors don’t have to pay it. Creditors are also unable to access your retirement funds so you really don’t have that much to lose, until you lose your life, at which point you have lost everything anyway.

If you have a life insurance policy you can definitely consider taking a cash surrender loan. This loan doesn’t have to be repaid and your policy value is surrendered when you take one. The benefit here is realizing that this policy money is received by your heirs only after you die, and is therefore not helping you in any way.

Rather than draw on a line of credit for your home a better idea would be to go for a reverse mortgage. In a line of equity, you have to repay the sum with interest, in a reverse mortgage you don’t have to repay anything but simply give up ownership rights of the property after you pass away. You will receive a fixed sum monthly until you die, where after the property will be taken by your creditor. This means you are simply forgoing leaving the asset to your loved ones, but are able to secure an additional monthly income to improve your life while you live.

Integrity is one thing that stands strong when everything else falls apart. What goes around comes around. So many of us could have been successful today if we had been honest with ourselves. As an internet marketer sometimes I am tempted to over exaggerate in order to make quick sales but I have come to discover that most successful people online succeeded on the ground of integrity. Indolent people cannot survive in commerce scenario of today, it imperative that as a business person, one should be diligent and FOCUSED in achieving maximum success. Say it as it is. Be sincere in your business dealings because it pays in the long run.

You see in this life there are forces and principles that control our very lives and believe it or not this principles also apply in business. Have you taken time out to read stories of most successful people in America ,if you haven't please try and read one or two. People remember you for what you did in the past. Endeavor to be prudent and creative in presenting your business to your customers .Integrity brings about creativity and This is the gospel truth .I have personally experienced this myself when your business partners know you as a honest ,sincere, serious minded person your business will astronomically excel.

Integrity is tested and tried in hard times of business, which we all face but never for a minute jeopardize the confidence your customers have in you. Always have new ideas and innovation because people get bored when you keep presenting the same thing in same old way. I urge you to research deeply into any product or idea you present to your customers, test these products and make sure it is impeccable . Give your customers the very best. Integrity is the key to business success.

Not Rocket Science

Becoming financially independent is more a matter of common sense and long term discipline than anything else.

The great Cambridge economist and investor John May nard Keynes, placed his funds in no more than two companies at any one time. This simplistic approach was later adopted by Warren Buffet.

Invest Before You Spend

The most basic of all rules is to make sure you allocate funds into your investments first, only then spending what is left over. A good rule of thumb is to invest 30% and live of 70%.

Never Lose Money

The Golden Rule of investing is to never lose money. You must be careful to take advice from and invest with people who have better track records than yours.

A wealthy businessman I know of uses the following simple rule. Whenever approached to invest in shares or property, he simply asks to see the adviser’s tax returns for the last 3 years. If the returns are better than his (and very few are on account of the fact that he never hears from most people again), only then does he strategically invest some of his hard earned funds.

Losing money translates to the direct loss of the time and therefore life that it took to accumulate in the first place. When in doubt, walk away. Remember, don't lose money !

Avoid Instant Gratification

Most people fall victim to what economists call ‘emotional spending’.

They spend all they have and then some by getting into debt over items that keep little or none of their value over time. What have you purchased over the last 12 months that in hindsight you are getting minimal value from? What did it cost? Could you have better invested your money somewhere else?

In the ‘Millionaire Next Door’, the authors Stanley & Danko conducted extensive research on hundreds of self - made multimillionaires, coming to the fundamental conclusion that all of them behave in a frugal manner. If you cannot overcome your desire for instant gratification and spend all you make, then the seeds of greatness are not in you.

The Greatest Investment In The World

People often ask my advice on where to best invest. Cash, shares, or property?

My reply is that they first begin by investing in themselves.

Take between 1 - 3% of you monthly income and invest it back into yourself through books, audio programs, and personal development seminars.

Remember, you are where you are in your financial life because of what you both do and don't know. The only way you can possibly earn more is to learn more. Your rewards we always be directly proportional to what your mind brings to the table.

Action Exercises

1. Regain control of your financial world by honestly reviewing your current financial position. Does it look healthy?

2. Make a list of all the items that you spend money on that are adding very little value to your life.

3. Where could you best invest the surplus cash generated by you spending less and saving more? Who could you ask for advice?

4. Set up a separate direct account (with a book club) into which you place between 1 - 3 % of your gross monthly income. Invest this back into your brain!!!!!

Dan Floros is the world's leading authority on Clarity, Focus & Simplicity.

He is a highly sought after keynote speaker, seminar leader, and mentor in his capacity as chairman of Sydney and Dubai based Dan Floros International.

His organization specializes in the development of human potential at both the personal and corporate level through fundamental success principles, unbreakable universal laws, together with time proven strategies that cut through complexity and deliver meaningful results……..fast!

He is passionate about transforming the lives of peoples around the globe through cutting edge knowledge in the disciplines of leadership, personal effectiveness, business strategy, and financial independence.

As a result of his insights, individuals are able to identify and achieve their goals with speed and precision by thinking “outside the square”.

We are living in the Golden Age of Mankind. Not the Dark Ages, not the Middle Ages, not the Classical Age, the Industrial Age, but the Golden Age.

What does this mean? Essentially historians have labeled our times as Golden because of the overwhelming possibilities for human beings to become prosperous and live lives of abundance and happiness.

Yet despite such possibilities, many still struggle because the are unaware or choose to ignore the laws of financial freedom.

Financial independence is simply defined as:

The ability to live from the income of your personally invested resources.

How does one go about reaching a point of financial independence? Glad you asked. Here we go, as practiced by self-made people from all walks of life.

Extremely prosperous, financially independent people:

1. Value their money. They value each dollar bill as a money seed. Wealthy people know that a dollar a day can grow into a million dollars. So they are very respectful of every dollar they spend.

2. Control their money. They control their money down to the penny. Prosperous people take a few extra steps every time they spend money: (a) they shop for the best value, (B) they ask for and expect a discount, (c) they examine their receipts for mistakes, (d) they attempt to turn expenditure into a legitimate tax-deductible business expense, (e) they know the score, balancing their check book to the penny (f) they file their receipts.

3. Save money. They save at least 10% of what they earn, never ever touching this money. As their income increases, so does the amount they save, from 10, to 15, to 20% and upwards. As their income rises, they save more and more.

4. Invest money. They invest before they spend, following their own, simple allocation system. They understand that investing is not at all complicated, nor should it ever become so.

5. Earn more money. They understand that their greatest asset is themselves and therefore their ability to earn from Multiple Streams of Income outside their vocation.

6. Protect their money. Money lost is more than that. It is time lost in earning it. They therefore protect themselves with trusts, corporations, limited partnerships, and other legal entities. They have very few assets in their name.

7. Give back. They establish or are aligned with foundations to which they donate 10% of their money. Period. The more they donate, the more the Universe gives back.

Action: How are you doing when it comes to the habits just mentioned?

In what way can you begin to incorporate such behaviors into your money management skills?

There are no excuses by the way. We've heard them all before. People from the most humble beginnings and catastrophic setbacks have achieved financial freedom. So can you.

Long Term Thinking, Short Term Focus

The most precious commodity in this world is time. How many of us are time poor these days? Just seems to be a universal pandemic, especially in the western world.

Deployed correctly, one can design and live a magnificent life. Contrary, if one chooses to waste the hours on frivolous activities, then life is mediocre at best.

Let’s cut to the chase.

Everyone talks about time management. Do this. Do that. Try this. Use this new management system ……. the list is endless. Here’s the best advice I can give, derived from the experiences of some of the best people I've worked with.

Think Long Term

Number one life management tool is to project yourself forward 5, 10, even 20 years. In the year 2015, what does your life look like? What have you mastered? What sort of relationships are you in? Where are you working, living, traveling, investing, socializing?

Recall, that clarity is the key. The greater the clarity, the higher the probability of achieving the intended outcome. Once more (yes, this is important)

The greater the clarity, the higher the probability of achieving the intended outcome.

Recall that only 3% of people ever contemplate their life in detail.

I know what some of you are thinking. ‘What if I design it and don't get there?” Remember everything is feedback. A person with a strategy directed towards an objective has a 1000% higher probability of achieving it. As such, I urge you to please join the top 3%.

You are not a tree. You can move. You can change. In fact, you can totally re-org anise your life overnight! Know where you are headed. Adjust along the way. Dream big. Never sell yourself short.

Short Term Focus

Once you have your own blueprint, go to work on it one day at a time. Drill down and concentrate on your highest priorities, and focus single-mindedly on them until they are complete.

One cannot do everything, as there is not enough time. But one can choose to concentrate on the most rewarding activities as part of a series of steps towards a higher predetermined destiny.

In the late 19nth century, a young Andrew Carnegie decided upon his life’s purpose. “To spend the first half of my life building a fortune, and the second half of my life giving it away”

Carnegie went on to build US Steel, the largest conglomerate at that time, later selling it for US$480 million. True to form he spent the back half of his life giving it all away through infrastructure projects in the form of schools and libraries.

When asked how he managed to reach his life’s mission, he stated that the key was to simply write down the top 6 activities he had to focus on at the beginning of each day, and stay with each task until it was completed.

Long term clarity, short term focus.

Action: What are you focusing on moment to moment? Are the activities simply tension relieving or is there a higher purpose behind each one?

How can you better align your long-term vision with day-to-day actions?

Remember, everybody has 24 hours available to him or her each and every day. Difference in how their lives work out is how they spend these hours.

Dan Floros is the world's leading authority on Clarity, Focus & Simplicity.

He is a highly sought after keynote speaker, seminar leader, and mentor in his capacity as chairman of Sydney and Dubai based Dan Floros International.

His organization specializes in the development of human potential at both the personal and corporate level through fundamental success principles, unbreakable universal laws, together with time proven strategies that cut through complexity and deliver meaningful results……..fast!

He is passionate about transforming the lives of peoples around the globe through cutting edge knowledge in the disciplines of leadership, personal effectiveness, business strategy, and financial independence.

As a result of his insights, individuals are able to identify and achieve their goals with speed and precision by thinking “outside the square”.

Everybody would love to make lots of money quickly, working from home, and only doing a few hours of work per week. I've spent the past two years trying to find a great way of doing this. Only over the course of the past few months have I found any "get rich quick" programs worth buying. I've been trying to make money online for a long time. I had a few small websites, but they never made much more than a few hundred per month. It was easy money and didn't require much work on my part, but I knew there were people out there doing better than I was and I knew I could do as well as them.

Now, I've seen a lot of "get rich quick" programs. Most of these people make claims about earning $2000/day with Google or something similarly insane. Almost all of these people are complete liars. Even if they were making $2000/day with Google AdSense, it'd be because they had high- traffic websites with a lot of quality content. I'd know, because in one whole month, I never even made half of what they promised I'd make daily with their programs. Maybe you've already been scammed by one of these fraudsters. Anyway, I finally got sick of what was being offered. I decided I'd look through the all of the "get rich quick" programs I could find and see if there were any that were actually legitimate. I found that there were owners selling their programs for well over $100, but the information in them could be found almost anywhere online for free. Additionally, they all contained out-of-date information, had no e-mail support, no money back guarantees, and broken links in the downloads section.

In conclusion, almost all of the programs I found were completely useless. The owners knew it, but they couldn't care less about their customers since they didn't offer refund policies! Amazingly, while looking through all of the programs, I actually did find a few legitimate programs. They were run by ordinary people like you and me, and they had found some great methods of making money from their home by doing very little work.

I spent some time working with those programs, and my income is now ten times what it used to be. These programs provided a large amount of great information on how to make extra money on your computer doing very little work. Numerous customers had provided great feedback and reviews for their products. Many of them have started to make money just days after buying! Their programs have excellent prices, and the authors have a group of paid staff who are dedicating to helping you or providing assistance if you need any. I must say I was amazed! If you do decide to purchase any of the programs listed below, I recommend you join quickly. Most of the owners tell me they are getting an overwhelming number of sales and plan on raising prices in the near future, so order while prices are still low!