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Best Advice I Ever Got: Yosef Martin

Start-up·Young Entrepreneur Council·about 1 month ago
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This young entrepreneur started Merchandize Liquidators in his one-bedroom condo with $375. Here's the advice he used to guide him to success. Yosef Martin founded the fast-growing Merchandize Liquidators in his one-bedroom condo in 2003 with nothing but $375--and these three pieces of advice. When I was an international student working toward my BA, I took a risk and jumped into the closeouts market. I founded Merchandize Liquidators in 2003, working with high-end department stores and manufacturers to buy their overstock and damaged goods, and then selling them in secondary markets. I set out to solve the small profit margin problem that retailers faced when buying from traditional wholesalers. Merchandize Liquidators consistently ranks as one of the fastest-growing companies in the nation. I credit this success to my willingness to diversify the business and sell in every logical category--and by only hiring salespeople who have a passion for the business and know how to be legitimate team players.…

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