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Grow Your Business Reselling Customer Returns

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It’s estimated that around five-six billion items get returned each year. This number has only grown in the past few months as consumers turn to online shopping to purchase more products. Unfortunately, shopping online doesn’t allow consumers to view and handle products in-person. This can lead to consumers being surprised by what they receive.

Although the reasons for returning items vary based on type of product and situation, the most common reasons include:

  • Items appearing different in person
  • Items do not fit properly
  • Receiving multiples of the same item as gifts
  • Item found at a better price at another location

Most of the items returned are unopened. Unfortunately, retail stores and online markets can no longer sell these items as new. Instead, they sell them at deeply discounted prices to companies like DT Lots.

Reselling Customer Returns

When done right, resellers can make a lot of money selling customer returns. Resellers can choose to sell through ecommerce websites, swap meets and flea markets, or through their own brick-and-mortar store. It’s not uncommon for small businesses to purchase large amounts of liquidation merchandise to keep their shelves stocked year-round.

Before deciding where to sell customer returns, it’s important to research which platforms have the greatest demand for your products. Start by searching popular websites and auction platforms to see what other people are selling. Checking “sold” items allows you to see how much money other resellers actually received for the products they offer. This is a great starting point for determining sale price and potential profit.

Where to Source Customer Returns

Individuals looking to make extra money or start a profitable business can purchase pallets or truckloads of customer returns from a secondary retailer. However, it’s important to locate a respected and trustworthy supplier.

Locate a liquidation supplier with years of experience offering quality merchandise for sale. Even if you don’t plan to offer different types of merchandise now, locating a supplier that offers a wide range of customer returns allows you to expand your offerings and grow your business in the future.

DT Lots has years of experience providing pallets and truckloads of customer returns from a wide range of categories including electronics, baby products, home goods, tools and hardware, and much more. Please contact us for more information about purchasing pallets of customer returns.

 

 

Increase Your Furniture Sales with Liquidation Furniture

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Anyone in the furniture business knows how hard it is to stay ahead of the competition. With so many furniture companies around, it can be extremely hard to stand out above the rest. Resellers of furniture must keep their prices low and quality high. No one wants to purchase poor quality furniture that requires replacement after just a few months.

Furniture companies looking to reduce costs while maintaining quality could benefit from offering liquidation furniture for sale. Partnering with an experienced and trusted liquidation supplier helps ensure low prices and continuous availability of high quality, name brand furniture.

Wholesale Furniture Pallets

Businesses and resellers can purchase pallets or truckloads of liquidation furniture. These furniture pallets often include name brand furniture from leading retail stores. Furniture pallets may include office furniture, living room furniture, dining room furniture, home décor, and more.

What is Liquidation?

Liquidation merchandise includes customer returns, shelf pulls, open box merchandise, and overstock. Most of the goods in liquidation pallets are brand new. When resellers purchase from DT Lots, they can rest assured they’re getting high quality merchandise from some of the best brands available today.

High Quality Furniture for Sale

DT Lots offers a variety of high-quality merchandise for sale. In addition to liquidation furniture, we also offer office supplies, small appliances, home goods, and more. Partnering with DT Lots allows resellers to offer additional products to compliment their wholesale furniture offerings. This can help attract new customers and provide additional revenue for the reseller.

Where to Sell Liquidation Furniture

Resellers can choose to sell liquidation furniture at swap meets, open air markets, at their own brick and mortar furniture store, or online. Selling products online requires very little overhead. Resellers can store pallets of furniture at their home or in a storage unit. Using online platforms like eBay, Amazon, or other auction websites allows resellers to reach more people in less time than any other method of selling.

DT Lots works directly with resellers, small businesses, and large organizations to help keep their shelves stocked. We offer a wide range of liquidation inventory from some the world’s biggest brands. Please contact us for more information about our available furniture pallets and truckloads.

 

Where to Buy Retail Store Returns at Wholesale Prices

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Resellers and small businesses looking to purchase large amounts of retail store returns and shelf pulls need to make sure they partner with the right liquidation supplier. It’s important to locate a supplier that offers low prices and high-quality products. This not only helps ensure your business can make money, it also helps ensure the satisfaction of your customers. This is crucial if you wish to attract repeat business and referrals.

Partnering with an experienced retail store return supplier like DT Lots can help ensure long-term success. DT Lots gets new pallets of high-quality customer returns and shelf pulls daily. Our partners can purchase pallets or entire truckloads of quality merchandise right off our show floor in Texas. For businesses and resellers living outside of Texas, we offer convenient shipping options.

What Are Retail Store Returns?

When customers return products to major retailers, the retail store has to mark the item as used and cannot resell it in their stores. Considering the fact that most customer returns occur because items purchased didn’t fit properly or didn’t look as expected, most customer returns are brand new merchandise. Instead of throwing this perfectly good merchandise in the landfill, large retail stores resell customer returns to liquidation pallet suppliers like DT Lots.

Benefits of Buying Retail Store Returns

Because resellers purchase retail store returns at drastically reduced prices, they can pass the savings on to their customers and increase their chance of making a profit. Resellers can offer liquidation merchandise for sale online, at flea markets and other open-air markets, or through their brick-and-mortar store.

Since retail store returns come from major retailers and well-known companies, resellers give their customers peace of mind knowing they’re getting top quality products from some of the best brands. This could prove especially beneficial to resellers offering highly competitive products like electronics.

How to Buy Retail Store Returns

Anyone interested in starting their own business should consider purchasing retail store returns. Purchasing pallets of customer returns and shelf pulls allows resellers to begin making money immediately with very little overhead.

Before selling customer returns, resellers must locate a trusted liquidation merchandise supplier.

DT Lots has years of experience and offers a wide range of merchandise including electronics, bedding, sporting goods, general merchandise, groceries, and more. Please contact us for information about purchasing pallets or truckloads of quality retail store customer returns.

Buying and Selling Liquidation Pallets of Electronics Online

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Ecommerce websites like eBay and Amazon have become extremely popular platforms for resellers. Using websites like these allows entrepreneurs, small business, and even large companies to reach more people in less time than possible with any other platform. However, it’s important that resellers understand this highly competitive market. With just a little research and the right liquidation partner, resellers stand to make significant profit reselling liquidation electronics online.

Liquidation Pallets of Electronics

Many resellers offer electronics for sale online. With so many available, it can be difficult for resellers to get their products noticed. One of the best ways to stand out above the competition is to offer high quality electronics for less. This simply isn’t possible if the reseller pays full price.

Purchasing liquidation electronics pallets gives you access to high-quality products at a fraction of the price. When resellers pass this cost-savings on to the customer, they increase the chance that online shoppers will buy.

Where to Buy Customer Return & Overstock Pallets of Electronics

Many liquidation pallet providers exist, but they don’t all offer the same quality or service. Many wholesale suppliers mark-up the cost of their electronics pallets to help their business. This doesn’t leave much room to make money. It’s important to locate a respected liquidation pallet supplier with years of experience in the industry. The liquidation supplier you choose should offer quality electronics at deeply discounted prices.

DT Lots has a rich history dating back to the early 2000s. We offer a wide range of customer returns, overstocks, and liquidation pallets. We offer pallets of electronics from leading brands.

Selling Liquidation Electronics Online

Once you’ve located a quality liquidation pallet supplier, it’s time to list your products up for sale. Make sure to take several high-quality photos. Using a backdrop and appropriate lighting helps make your business appear more professional. When creating your listing, include specific details about your products that will interest the buyer. It’s important to list the product type and name in the title. This helps buyers locate your products quickly when they search the website.

Resellers and small businesses looking to make additional income or start a new business, could benefit from selling liquidation electronics online. DT Lots can help you get started! We have a wide range of electronics pallets available for sale. Please contact us for more information.

 

Top Reasons Why You Should Consider Reselling Liquidation Merchandise

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Reselling liquidation merchandise offers numerous benefits to resellers and their customers. In addition to allowing business owners to spend less money on inventory, buying liquidated items makes it possible to offer high quality merchandise at significantly reduced prices.

Whether resellers keep their day job and offer liquidated merchandise on the side or decide to open a brick and mortar store, buying liquidated merchandise from a respected supplier just makes sense.

Freedom & Flexibility

When opening a business, owners need to locate, buy, or rent space to operate. Resellers have other options. Resellers can sell liquidation merchandise online through their own ecommerce website, auction website, or other selling platform. They can also choose to sell at open air or flea markets.

Many successful companies start their business selling their products at open air markets. In addition to allowing busines owners to introduce their business and their brand to the public, selling at open air markets teaches business owners how to deal with stiff competition. This can benefit them their whole career.

Get Brand Name Products for Less

Business owners spend a lot of time and money locating and purchasing products to offer for sale. Buying liquidation merchandise allows business owners to purchase high quality name brand products for less. The business owner can then pass these savings on to their customers. This increases customer satisfaction and the chance of repeat sales.

Easy to Get Into

Starting a new business costs a lot of money. Business owners must obtain enough space to operate, purchase merchandise to sell, and advertise their products. Entrepreneurs can reduce or eliminate a lot of this overhead by reselling liquidation merchandise.

When business owners purchase quality liquidation merchandise, they gain access to name brand products that people know and trust. Selling at flea markets allows them to get their name out into the public. This is often the fastest way to spread word of mouth. Selling online or through open air markets costs much less than opening a physical location.

Resellers can start their business quickly. Instead of putting down a lot of money up front, resellers need very little to start their business.

DT Lots offers liquidation pallets stacked high with quality merchandise from leading retailers. Our partners gain access to name brand products. Please contact us for more information about how we can help you get started reselling liquidation merchandise.

How to Start Making Money with Liquidation Inventory

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Reselling liquidation inventory is an excellent way to make money fast without spending a lot of money up front. When done right, resellers stand to make impressive revenue.

Read on to learn how to start making money selling liquidation inventory.

Determine the Types of Products You Want to Sell

Before selling anything, you need to decide what types of products you’d like to sell. Depending on what you’re familiar with, this might be electronics, home appliances, clothing, or furniture. Although some people decide to sell multiple types of products, it’s typically best to start with one then increase your offerings as you grow.

Once you’ve determined your market category, you’ll need to conduct some market research. Consider your target market and demand for your products. This will help you determine the best platform for selling your inventory.

Locate a Reliable Liquidation Supplier

After conducting market research, you’ll need to find a liquidation supplier. Partnering with a trusted supplier helps ensure the quality of goods received. It’s important to find a supplier that offers a variety of goods and a continuous supply of liquidation merchandise. Even if you don’t think you’ll want to expand your offerings now, your goals might change in the future. Choosing a supplier that offers different types of liquidated merchandise leaves room for growth.

Obtain a Resale Certificate

Once you’ve found a reliable supplier, it’s time to get your resale certificate. This important certificate enables you to resell liquidated merchandise on popular websites.

Different states have different names for this certificate. Visit your state’s Department of Revenue website to learn how to apply and obtain the necessary certificates.

List Your items for Sale

You have many choices when it comes to reselling liquidation inventory. During your market research, you should have figured out the best way to sell to your target audience. While many people choose to resell liquidation inventory on ecommerce websites like eBay, you may also choose to sell your items at flea markets or through your own brick and mortar business.

When pricing items for sale, list your products at or just below their market value. This helps ensure the most competitive pricing. Just make sure to consider factors like shipping, taxes, and selling fees when determining your prices.

DT Lots provides a wide variety of liquidation inventory to resellers and businesses. Contact us to learn how to start making money reselling liquation inventory.

 

Planning to Buy Liquidated Goods for Resale? Make Sure You’re Prepared

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Reselling benefits retail stores, resellers, and consumers. In addition to keeping overstock, customer returns, shelf pulls, and closeouts out of our landfills, purchasing liquidation inventory allows resellers to start selling fast with very little up-front cost. Because resellers pay less for liquidation merchandise, they are able to pass these savings on to their customers.

Entrepreneurs and business owners looking to resell liquidation inventory must consider some important factors before purchasing their first liquidation pallet or discounted truckload.

Storage Space

Although reselling liquidation goods doesn’t require as much up-front cost as other resale businesses, you still need to think about how and where you’ll store your merchandise. This is especially true if you plan to purchase entire truckloads of discounted goods.

Paying for Liquidated Goods

Before buying anything, you need to know how you will pay for the discounted merchandise you purchase. You will need to pay up-front for your merchandise as well as any shipping and storage charges.

Learn About State and Federal Laws Related to Resale

Requirements for resellers vary by state and county. It is up to the reseller to learn about the laws that apply to them. In order to resell merchandise on most U.S.-based platforms, resellers need to obtain a resale certificate. Many counties require resellers to obtain a business license as well.

Gather Information About Your Liquidation Inventory Supplier

When choosing a discount inventory supplier, it’s important to do your research to locate a trusted company with several years of experience. It’s also important to find a supplier that offers a wide range of inventory to choose from. Even if you don’t plan on offering different types of products now, selecting a supplier with a large selection of inventory leaves room for growth in the future.

Identify the Best Platform to Sell Your Products

Depending on the types of items you plan to resell, you may choose to offer liquidated goods for sale on online platforms like Craigslist, eBay, Amazon, or Alibaba. Some resellers choose to resell liquidated merchandise at flea markets and swap meets.

It’s important to research the types of people that are most likely to purchase the items you plan to sell. This will help you determine the best platforms to resell your inventory.

Ready to take the next step? Contact us to learn how DT Lots can help make your resale business a success.

 

 

 

Reselling Liquidation Inventory

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Starting your own business takes a lot of research and planning. In addition to determining the space and people needed to run the business, entrepreneurs must decide what types of products to offer and how to effectively market and sell them to consumers.

Choose a Selling Platform

In order to begin making money without a lot of overhead, many entrepreneurs begin by selling products online. Selling products online does not require business owners to locate and maintain a retail store. All that is needed is adequate space to store inventory, a website where consumers can purchase products, and the shipping supplies needed to send products to the end user. Most online shops start as small operations then add more people and products as their business grows.

Another popular option, selling products at flea markets or swap meets requires minimal investment. Although vendors need a couple of people to run the booth and adequate space to store products, reselling merchandise at flea markets allows resellers to earn additional revenue fast. Resellers often use swap meets to get local consumers familiar with their products as they grow their business.

Resellers often face tough competition. Before selling anything, entrepreneurs need to determine creative ways to reduce costs and get a leg up on their competition. Purchasing and reselling liquidated inventory enables resellers to sell quality merchandise at a lower price point than other sellers.

What is Liquidated Inventory?

Liquidation is how large retail chains dispose of surplus merchandise. Liquidated inventory includes overstock item, returns, closeouts, and refurbished/reconditioned products.

Through contracts with large retail chains, businesses like DTLots purchase this inventory and resell it at heavily discounted prices to small businesses and resellers.

Choosing a Supplier

In order to ensure success, it’s important to partner with a trusted supplier. Several liquidated inventory sellers do not keep their inventory stocked, leaving resellers waiting for new products to arrive. This creates problems, especially as the reseller’s business grows and customers become more reliant on their products. When choosing a supplier, resellers should look for a company with a good reputation for fast delivery of a wide range of quality merchandise.

Final Thoughts

Reselling liquidated inventory enables entrepreneurs and small businesses to make significant income. However, it’s important that resellers take their time when selecting a supplier and deciding how to sell their products.

Ready to take the next step? Contact us to learn about our liquidated pallets and discount truckloads of liquidation inventory.

 

How to Fund Your Resale Inventory

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Behalf-Finanacing-For-InventoryYou see the value in reselling liquidated items but how will you fund your purchase? DT Lots has partnered with Behalf to help you fund your next truckload of liquidated inventory.

Many of us dream of starting our own business or a side hustle, but we hesitate due to the initial financing.  You may ask yourself “Where will I get the money to buy my inventory?”. The good news is financing your pallet purchase is quick and painless with Behalf.

How Does It Work?

Apply for a credit line on Behalf.com. After you complete the Behalf application you are ready to use your credit line on dtlots.com.

Selecting Your Inventory

Put yourself in the customer’s shoes. Do a little market research. What kind of items are selling well this time of year? With the holiday season right around the corner, think about what parents might be shopping for, what holiday decorations will sell well.

Shipping

DT Lots will ship anywhere in the United States. Need international shipping? DT Lots can ship to any US port, commercial, or residential address. From there it will be your responsibility to ship inventory to your country of choice.

Product Images

Take detailed photos of your products. Lighting is essential. Nothing works better than natural sunlight but indoor lighting will do as well.

How Do I Reach My Customers?

Your inventory choice will affect where you find your customer. Electronics and technology enthusiast tend to shop on eBay, whereas, someone looking for yard tools will be shopping on your local craigslist page. Imagine yourself shopping for your product. Which platform are you most likely to shop on?

Here is a list of common resale platforms for liquidated merchandise:

Profit

Reap the reward of your hard work. Use your profit to treat yourself or reinvest it in your resale business. Financing your first inventory purchase can seem daunting but it’s a great way to get into wholesale reselling!

 

 

 

DT Lots is a wholesale supplier of retail returns, customer returns, shelf pulls, overstock, liquidation, and closeout merchandise. If you want to start a resale business give us a call at 800-608-6525 or check out our contact page to get started!
Open to the Public Monday thru Friday
8am-6pm US Central Time
800-608-6525

 

Become a Flea Market Seller in Just a Few Steps

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flea-market-sellerThere is a reason why flea markets have stood the test of time. They are a gathering place for neighbors and a social event for the local community. You can earn extra money while building long-lasting relationships with loyal flea market customers. So, what does it take to become a flea market seller?

Get an Early Start Give yourself a head start by arriving early at the flea market. You won’t have to rush to set up your booth and you will be ready for the first wave of customers.

Purchase Your Inventory DT Lots offers bulk access to top name brands at drastically low pricing. While other vendors may bring their old, used things from their garage and attic, you will beat your competition by offering a wide selection of high-quality name brand items. Focus on selling products most of the other vendors are not supplying. Clothing, houseware, and electronics are all great product categories to offer.

Showcase Your Products The great thing about flea markets is that it is easy to start and you can avoid a lot of overhead costs. You can price shop for vendor booths or set up your own pop-up canopy. In addition to that you will need; a folding table, some chairs, and storage tubs for smaller inventory items.

Stay Social Join DT Lots on Instagram and Facebook to link up with like-minded folks. Share industry tips and tricks, provide value, and in no time, you will build a network of customers and fellow flea market sellers.

Cash is King Although cash is still widely used at flea markets, don’t lose customers by turning away those who want to pay by card. Take advantage of numerous phone and tablet applications that will allow you to accept credit card payments.

Becoming a flea market seller can be a rewarding and satisfying experience. With DT Lots your side hustle could become an extra source of income.

DT Lots offers a fantastic opportunity for those who are ready to sell at flea markets. If you want your business to grow, you’ll need a steady source of inventory. Many vendors turn to dtlots.com for goods to resell because online shopping is convenient, reliable, and makes it easy to calculate your profit.

 

 

DT Lots is a wholesale supplier of retail returns, customer returns, shelf pulls, overstock, liquidation, and closeout merchandise. If you want to start a resale business give us a call at 800-608-6525 or check out our contact page to get started!
Open to the Public Monday thru Friday
8am-5pm
800-608-6525

 

DT Lots Common Wholesale Terms

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wholesale-glossaryInterested in learning more about the wholesale industry? Here are a few terms you will hear being thrown around in our DT Lots warehouse in Dallas.

 

B2B. Business-to-Business is a business deal between two businesses. An example is business between a retailer and a wholesaler.

B2C. Business-to-Consumer is a business deal between a business and a consumer. Also known as direct-to-consumer.

Back Order. Products ordered but not available for shipping due to out of stock inventory.

BOL. Bill of Lading is a document that gives primary details to the carrier. The document may contain information such as the sender’s and receiver’s name, the address of the receiver, dates of departure and arrival, and a list of goods.

Cash on Delivery. Cash on Delivery is a term used in wholesale agreement wherein the retailer will pay for ordered goods upon delivery.

Channels of Distribution. A chain of businesses through which goods pass until it reaches the end consumer.

Consignment. Consignment is an arrangement between a retailer and a seller. The retailer places the product in their storefront without buying it from the seller. When the product sells the retailer only keeps a percentage of the revenue.

Customer Returns. Products that have been purchased and returned due to a number of reasons including; defect, malfunction, regret of an impulse purchase, and un-satisfaction with the purchase.

Delivery Window. The time period when the delivery is expected to arrive.

Drop Shipping. A shipping method used by retailers. The retailer, instead of keeping goods in stock, forwards customer orders to the manufacturer. The manufacturer ships goods directly to the customer.

Factory Restored. Used electronic devices that are returned to original factory settings. The devices are purged of any stored data or previous user’s personal information.

FOB. Freight on board refers to free on board, when the buyer pays to have the goods transported.

FTL. Refers to a full truckload; a shipment that will take up all or a majority of space in a shipping truck.

Liquidation. Liquidation is the process of converting assets into cash, where the owner agrees to accept a cash payment for the asset.

LTL. Less Than Truckload is a shipping service for small loads or freight.

Manifest. A written list of inventory. The list can include information about the model numbers, the quantity of the goods, the retail value of the individual products and the wholesale value.

Markdown. A reduction of the original selling price.

Markup. A percentage added to the cost of a product. Markups are added to wholesale prices to gain profits.

MSRP. Manufacturer’s Suggested Retail Price is the recommended retail price. It is the price at which the manufacturer recommends the product be sold in retail stores.

Multiple Unit Pricing. Multiple unit pricing is a tiered pricing system based on quantity purchased. Customers who buy in large quantities will receive discounts.

Niche/ Target Market. A market in which a retailer aims to sell their products based on set constraints and opportunities.

Overstock. A manufacturer’s excessive stock of inventory. Manufacturers are known to sell at a discount when they have more inventory than they can sell.

Pallet. A wrapped unit of wholesale merchandise.

Purchase Order. A legally binding document submitted by a buyer to a seller. The purchase order contains details about the product, quantity, cost, terms of payment, and the expected date of delivery.

QR Code. The Quick Response Code is a pixilated barcode read by smartphones and is used to link viewers to more product information on the web.

Resale Numbers and Tax IDs. Resale numbers exempt the retailer from paying sales taxes on purchased wholesale goods. Tax IDs are used to identify the retailer and the legitimacy of their business.

Shelf Life. Set expiration time for perishable products.

SKU. A Stock Keeping Unit is an identification code in a product line. The code is a combination of eight characters that are related to the product details, brand, size, and manufacturer.

Supply Chain. The process and network of getting goods to the end consumer.

Surplus. See Overstock.

UPC. A Universal Product Code consists of a series of thick and thin bars printed on product packaging. This code contains information such as model number, size, and color. It is used by retailers to track unit sales, inventory levels, and other factors.

Wholesale. A part of the supply chain which sells to retailers.

 

DT Lots is a wholesale supplier of retail returns, customer returns, shelf pulls, overstock, liquidation, and closeout merchandise. If you want to start a resale business give us a call at 800-608-6525 or check out our contact page to get started!
Open to the Public Mon thru Fri
8am-5pm
800-608-6525

 

How to Purchase Pallets and Truckloads Online

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shop-online-anytime-dtlots

You are ready to start your resale business but It can be scary buying a pallet of wholesale items online. Especially if it is your first time.

 

What is inside the pallet?

Not seeing and touching each individual item in a pallet can be scary but even in physical warehouses pallets cannot be unwrapped and viewed. That is why DT Lots provides detailed manifests with their pallets. The manifest will include Universal Product Codes (UPCs) and the manufacturer’s suggested retail price (MSRP) for each item. These numbers are your guide to determining the potential resale value.

 

What about the price?

DT Lots online prices are the same as in-store prices. You can save money on gas and travel. If you do not have a wholesale warehouse near you, shopping online can be a great option. You are not limited to store hours. You can shop on dtlots.com anytime it is convenient for you.

 

How will my pallet be delivered?

It’s easy to calculate your shipping costs at dtlots.com. Select the pallet you are interested in and hit the “add to cart” button. Scroll down and select “proceed to checkout”. Fill out your billing and shipping information to see your shipping costs. DT Lots provides fast and reliable shipping anywhere in the US. If you are looking to ship internationally, DT Lots can ship to any port in the US.

 

Ok, I am ready to buy!

Congratulations on your new business! Just like shopping online for every-day items was once uneasy, it’s the now the norm. Shopping for your resale business can be just as easy and reliable. This weekend only use promo code COLUMBUS to take an additional 10% off your purchase! Sale ends 10/08/2018.

 

DT Lots is a wholesale supplier of retail returns, customer returns, shelf pulls, overstock, liquidation, and closeout merchandise. If you want to start a resale business give us a call at 800-608-6525 or check out our contact page to get started!
Open to the Public Mon thru Fri
8am-5pm
800-608-6525