Karl Baxter

Karl Baxter is a British entrepreneur and the founder of Wholesale Clearance UK.
Career
Baxter began his career as a cabinet maker and boat builder for Sunseeker International. He became an individual seller on eBay in 2002, selling children's toys and novelty items he purchased from discount retailers online for a profit. He began with his personal possessions, and then moved to selling items he purchased for £1 at £3. Baxter has stated that his business first suffered from the reputation of eBay, but that as the reputation of the site improved, suppliers were more willing to provide him with stock. After a year of selling as a simple user, Baxter founded his own online store to sell his product through the site.
By 2005 he was able to use his profits to purchase a home. That year he incorporated the business, founding Wholesale Clearance UK, a company selling wholesale items online through eBay and other platforms located in Poole, UK. His first merchandise was acquired from the UK discount retailer Poundland. The company attained a £100,000 turnover in its first year Baxter was featured on the FedEx website Fresh Business Thinking for his approach to the wholesale industry.
The company received news coverage in early 2013 when Lance Armstrong admitted to doping during his cycling career. Baxter had purchased ten thousand DVDs of the documentary The Science Of Lance Armstrong, which discussed how the achievements of Lance Armstrong were achieved purely through his superior physiology and training. Baxter had purchased the Armstrong documentary DVDs at one pound a piece four months prior to his confession, but after Armstrong's disclosure the DVDs became essentially worthless. Baxter stated that while he was disappointed by the loss he would face, he felt that the contributions Armstrong had made to charity over the years outweighed his own problem. In the summer of 2013, Baxter's company purchased 5000 commemorative plates intended to be sold as souveniers upon the birth of the royal child if it was a girl. As the child was a boy, the plates became obsolete, and Baxter bought the full stock of them in order to sell them as a novelty item and as a method of raising money for charity.

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