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resale business

Best Ways to Sell Liquidation Products

April 20, 2021 By Carol Scheafer

Every year, retail stores around the U.S. liquidate massive amounts of merchandise. Most of these products are brand new and unopened. Liquidation merchandise includes customer returns, shelf pulls, overstock, seasonal merchandise, and more. Large retail stores package these items up on pallets and sell them to liquidation suppliers at deeply discounted prices. These suppliers then sort the merchandise by category and offer the liquidation pallets and liquidation truckloads to resellers.

Most resellers understand the benefits of buying liquidation merchandise. Purchasing pallets of liquidation allows resellers to obtain large amounts of inventory for less. They can then pass the discount on to their customers. This increases the chance of sales, repeat business, and referrals.

New resellers and those not familiar with liquidation products might not know the best way to offer these products for sale. Below details the top choices for reselling liquidation merchandise. It’s important to understand that one option will not work for every vendor. Resellers should analyze their goals before choosing a platform to sell from.

Selling Products Online

Many resellers choose to sell their products online through their own e-commerce website, national e-commerce website, or online auction. Selling products online allows resellers to reach a lot of people quickly. Unlike brick-and-mortar stores, consumers do not need to travel to a physical location to view and purchase products.

Selling liquidation products online eliminates geographic barriers. Online auctions provide an exciting opportunity for buyers and may help resellers collect more money for their products.

Selling Products at Open Air Markets

Another popular option, selling products through open air markets provides an excellent opportunity for resellers looking to sell to local customers. Purchasing liquidation merchandise makes it possible for resellers to get quality products for less.

Brick-and-Mortar Store

Resellers wanting to grow their business may decide to open their own brick-and-mortar store. Having a physical shop improves brand recognition in local communities. Store owners may want to consider buying liquidation merchandise by the truckload. This helps ensure shelves stayed stocked and prices stay low.

DT Lots offers liquidation pallets and truckloads of customer returns. Please contact us to reserve your load today!

 

Increase Profit Potential at Open Air Markets

April 13, 2021 By Carol Scheafer

Selling products at open air markets allows resellers to get their products in front of local consumers. These markets attract hundreds of people, all of which are looking for a deal. Although many people think of used goods when they think of swap meets and flea markets, this isn’t all that’s offered. Many resellers offer brand new products at these types of markets.

Selling at flea markets provides resellers with the opportunity to reach a large number of people in a short amount of time. However, swap meets attract lots of vendors as well. With so much competition, it’s crucial that resellers do all they can to attract customers to their booth.

Purchasing customer returns and liquidation merchandise by the pallet or truckload helps resellers reduce the amount of money spent on inventory. Resellers can pass these savings on to their customers, increasing the chance of sales. Because swap meet vendors pay less for liquidation merchandise, they increase their potential profit. Offering brand new name products increases consumer trust and may increase the chance of repeat business and referrals.

Choosing a Liquidation Supplier

When selecting a liquidation supplier to work with, it’s important that resellers look for a supplier with experience working with open air market vendors. It’s also important to select a supplier that offers a wide range of merchandise for sale. Even if the reseller does not plan to expand their offerings now, this may change in the future. Partnering with a supplier that offers merchandise from multiple categories opens up the possibility for expansion.

When purchasing pallets or truckloads of liquidation merchandise, it’s important to inspect all items upon delivery.

Liquidation Supplier in Dallas, Texas

DT Lots offers pallets and truckloads of liquidation merchandise from a wide range of categories. Resellers can purchase our customer return pallets and liquidation truckloads directly off our sales floor. We also offer convenient shipping options.

DT Lots helps open air market vendors in Texas keep their shelves stocked and their customers happy. Please contact us for more information about our customer return pallets and truckloads.

 

 

 

Buying Customer Returns – Truckload vs. Pallet

April 6, 2021 By Carol Scheafer

Purchasing customer returns provides an excellent solution for resellers wishing to maximize profits. When buying customer returns, resellers can choose between buying by the truckload or the pallet. This decision can be difficult for resellers just starting out. While both options provide numerous benefits, it’s important that resellers consider their budget, storage space, and personal preference before making their purchase.

Customer Return Pallets

Many resellers choose to purchase liquidation merchandise by the pallet. This is especially true for e-commerce sellers and entrepreneurs working from home. Pallets of liquidation merchandise are easier to handle and process. Many times, resellers store their pallet in their home or office. This completely eliminates the need to rent storage space. Purchasing by the pallet also makes it possible for resellers to list products quickly. Unpacking the pallet, checking each item, and taking photos takes very little time and effort.

Purchasing customer returns by the pallet saves money over having individual items shipped directly to your home or office. When resellers purchase merchandise by the pallet, they get a lot of merchandise delivered at once. This not only saves on shipping costs; it makes it easier to keep track of individual items. Depending on the supplier, the pallet arrives at the reseller’s location wrapped and sorted by type of merchandise. This makes it easy to store and access items as needed.

Customer Return Truckloads

Truckloads are an excellent choice for resellers with a physical location or larger operation. Shipping truckloads of merchandise costs less than shipping multiple pallets. However, it’s important that resellers ensure they have adequate space to store and sort their merchandise.

While truckloads of customer returns cost more than purchasing one or two pallets, they provide significant value to resellers. Buying merchandise by the truckload allows resellers to keep their shelves stocked with a wide variety of merchandise.

Resellers looking to obtain large quantities of quality merchandise could benefit from speaking with an experienced liquidation supplier like DT Lots. We have years of experience assisting e-commerce resellers, open air market vendors, and business owners keep their shelves stocked with quality products. Please contact us for information about our available customer return pallets and truckloads.

 

3 Amazing Deals For Your Resale Business

December 10, 2018 By Maria Holodnaya

wholesale-pallets-houseware
wholesale-pallets-houseware

Check out this sure sell pallet: The AZ General Merchandise MSRP $867.07 Domestics, Kitchen and Dining, Home Appliance, Bedding.  If your resale business is brand new it’s important to focus on items that will likely sell. This pallet features a guest bed frame, a high-velocity fan, and single-serve coffee cups. All practical items your customers would love to buy at liquidated prices.

Expecting moms love deals too. Check out this pallet: Baby Wholesale Merchandise MSRP $1387. This pallet features a 4-in-1 play gate will keep the baby out of trouble, a 3-in-1 sit, stride, and ride that allows the baby to safely explore its environment while building motor skills, and a Fisher Price booster seat.

Meet your customer’s everyday needs with the AZ General Merchandise MSRP $2532.27 Domestics, Sports and Outdoor, Bedding, Bathroom, Home Appliance pallet. This pallet includes a Dirt Devil Vacuum Cleaner, a Stainless Steel Cookware Set, and a 2 burner propane stove.

 

These pallets are available for a limited time only. DT Lots is continually sourcing new wholesale pallets so be sure to check back often!

 

 

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

3 WAYS TO SELL LIQUIDATED ELECTRONICS

December 3, 2018 By Maria Holodnaya

wholesale-electronics
wholesale-electronicsAMAZON

One of the largest marketplaces online is open to small business owners, such as yourself. Take advantage of this online industry and the traffic Amazon provides. Clear images with a white background are among the many requirements Amazon merchants must follow. With 197 million monthly visitors, meeting Amazon’s stringent merchant criteria is well worth the effort.

 

EBAY

The tried and true method for small E-commerce business owners is EBay. The auction system can allow you to get a fair price for your product. Be sure to provide excellent customer service so that your future ratings attract more customers.

 

CRAIGS LIST

The benefit to posting electronics for sale on Craig’s List is connecting with those in your community. If you have never bought or sold on sites like Craig’s List be sure to exercise caution and take the necessary safety precautions. As a benefit, you will save on shipping cost as you can arrange an in-person pick up of your sold electronics.

 

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

Making the Most of E-Commerce

November 24, 2018 By Maria Holodnaya

Global-ecommerce-wholesale-business
Global-ecommerce-wholesale-business

These days Black Friday shopping is overshadowed by Cyber Monday. Online retail has surpassed traditional shopping and you can have a piece of the action too! Customers love the convenience of ordering online; give them what they want.

 

Think Globally  

Not only is online shopping on the rising in the United States, it’s becoming more popular all over the world. If ten years ago you were only able to sell at your local flea market or garage sale, today you can send merchandise to customers as far away as England or Australia! Use the power of the internet to your advantage and reach more customers.

 

Specialize in Your Niche

With so many buyers online there are as many sellers. Stand out from the crowd by specializing in unique products. You will become known for your niche and will be at top-of-mind when someone needs your product.

 

 

Source Your Inventory Online

Who said your customers are the only ones who get to shop online? Source your inventory online. Sites like dtlots.com offer a wide selection of wholesale products for your resale business. Ordering online can’t be easier. We deliver anywhere in the USA to your residential or commercial address.

 

Don’t Forget to Promote

Promote your business online through social media sites. In time, you will become an expert in your field. You will not have to chase customers they will come to you because of your reputation.

 

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

Resale Business Start-Up Expenses

November 18, 2018 By Maria Holodnaya

start-up-resale-business
start-up-resale-business

DT Lots newsletter

Our newsletter sign-up on the dtlots.com homepage will ensure you get the latest listings. Don’t miss new pallets and their pricing. Sign-up today and be the first to see what we have in stock.

 

Personal computer

Reading this you are most likely already on a computer of your own. If not, then borrow one until your profits are able to cover the costs of a new computer. Be sure to ask your income tax professional if this is a business expense you can write off at the end of the year. Buying a refurbished or used computer can be a great way to save money.

 

Supplies

Boxes, tape, and bubble wrap are necessities of the resale industry. Having a shipping scale label printer will save you time and money in the long run.

 

Storage Space

Where will you keep your inventory? A spare room or garage will work great. You can always rent out a commercial storage unit if your inventory cannot be stored at home.

 

Camera/ Smartphone

You may already be carrying a great quality camera in your back pocket. That’s right that smartphone can serve as your camera. Be sure to include product images every product listing. Use a clean, crisp white backdrop and natural sunlight. If you already have a heavy white sheet or a white canvas you may not have to spend any additional money on your backdrop.

 

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

‘Tis The Season For Holiday Resale

November 11, 2018 By Maria Holodnaya

wholesale-holiday-decor-products
wholesale-holiday-decor-products

Retailers know the holidays are the busiest time of the year but many in the wholesale resale industry take this time to relax and unwind. Take advantage of this opportunity and outperform your competition.

 

Plan and Prepare

Most holiday purchases are made in the month of November. Start sourcing liquidated gifts and décor, such as these listed on dtlots.com, to meet for your customer’s needs.

 

Create urgency

Increase sales by giving your customers a limited time offer. Your shoppers will feel a sense of urgency when they know your products won’t be for sale much longer.

 

Free Shipping  

Free shipping is a growing trend among retailers, and for good reason. From a psychological standpoint, customers are more likely to purchase if they are presented with one price instead of two. Roll the price of shipping into the price of the product and watch those holiday sales grow!

 

Time Is Of The Essence

Speaking of shipping, make sure your order requests are fulfilled before the holidays start. Make sure Santa arrives on time this year and get those liquidated products in the mail!

 

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

Sell Wholesale Products on eBay

November 3, 2018 By Maria Holodnaya

sell-wholesale-on-ebay
sell-wholesale-on-ebay

Create an Account

If you are not yet familiar with eBay take some time to explore the site. Once you are ready to open your virtual store think about long-term branding for your business. A name should be professional but unique to you and your company’s mission. Imagine how your business name will translate into other sales channels in the future.

Build a Reputation

A quick way to build up your eBay positive rating is to make a purchase and leave a review for the seller. An inexpensive purchase can be a great way to earn a 5-star review from the seller.

Market Research

Get a sense of what your products will sell for by filtering for sold listings. Instead of searching all auctions, be sure to uncheck the completed items option, too view ones that ended with a sale. Sort by price to see how low in price your competitors are willing to go.

Quality Images Matter

Don’t underestimate the power of a well-lit photograph. The best lighting is completely free. Take your photographs outside on a sunny day. Be sure to include any product imperfections in your photos. You will build a loyal following if you are open and honest about the quality of your inventory.

 

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

How to Fund Your Resale Inventory

October 27, 2018 By Maria Holodnaya

Behalf-Finanacing-For-Inventory

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:

  • eBay.com
  • Craigslist.com
  • Amazon.com
  • Local garage and yard sales
  • Local flea markets
  • Local swap meets
  • Private Facebook groups
  • 5miles app
  • letgo app
  • OfferUp app

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

October 20, 2018 By Maria Holodnaya

flea-market-seller
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

October 14, 2018 By Maria Holodnaya

wholesale-glossary

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

 

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