Closeout merchandise is lucrative because of its nature. Merchandise is considered to be a closeout when its original seller loses the original sales venue for it.

In other words, closeout merchandise can be a case of socks which were manufactured for an upcoming movie. Once the movie is no longer shown in the theaters, the movie licensed socks need to be sold as a closeout.

Since the original event the socks were produced for has passed, the socks must be sold at a steep discount in order to find a buyer.

As you can see, if you purchase this closeout at the right price you can make a good deal of money when you resell it.

The question now becomes how to sell the socks?

First thing you need to remember is that in order for the socks to be sold you will need to be creative.

If you simply try to offer the socks for sale you might not find any buyers. The movie is already old news and people might not be interested in any product related to it.

A creative solution for selling closeouts is exporting.

If you buy the merchandise cheap enough you can sell it to a poorer country where the people will not care what is printed on the socks, but where their concern is the quality and durability of the socks.

You can also market this closeout to collectors.

Many old consumer items find a strong market in the collectible market.

Take a look at the selling prices on eBay for old Star Wars licensed merchandise.

There is plenty of money to be made in the closeout business provided that you use your creativity in finding the right closeout buyers.