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7 Tips for Selling Customer Returns

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Purchasing pallets or truckloads of liquidation merchandise allows resellers to keep their shelves stocked and offer quality merchandise at deeply discounted prices. While this makes it possible for resellers to earn impressive profits, it can be challenging for the inexperienced. It’s important that resellers learn the ins and outs of reselling customer returns. The following tips can help.

  1. Location

Although many liquidation suppliers offer shipping options, resellers pay more money the further their merchandise has to travel. Shipping pallets and truckloads of merchandise isn’t cheap. Resellers could benefit from locating a supplier close to their physical location.

  1. Maintain A Good Relationship with Your Supplier

It’s important to maintain a good reputation when dealing with your supplier. This not only ensures a long-lasting relationship; it also helps protect your reputation with other suppliers.

  1. Keep in Mind That All Sales Are Final

When choosing pallets or truckloads to purchase, resellers should do their research and make sure they buy what benefits their business most. It’s not the suppliers’ fault if you make an impulsive purchase.

  1. Consider Potential Profit & Potential Loss

Not every pallet or load will contain a perfect selection of merchandise. Even the best loads may contain a few items you won’t want to sell.

  1. Make Connections with Other Resellers

Connect with other resellers to increase reach and profit. These connections can provide you with access to more merchandise and customers.

  1. Be Careful Selling Product on Amazon

Unlike online auction sites like eBay, Amazon has strict requirements when it comes to selling liquidation merchandise. If someone buys products from you on Amazon that they later claim was used or not authentic, Amazon will not accept your liquidation manifest as proof. This not only hurts your reputation as a reseller, it can lead to Amazon permanently revoking your Seller Account.

  1. Create a Backup Plan

There’s a market for every type of product. However, it’s important to understand that your chosen selling platform might not work for moving all your inventory. Make sure you have a backup plan for merchandise that doesn’t sell through your usual channels. This might include selling through local auctions, flea markets, or donating merchandise to homeless shelters or church thrift stores.

DT Lots offers quality liquidation merchandise to resellers, businesses, and individuals. We offer a wide variety of merchandise from all the best brands. Please contact us for information about our customer return pallets and truckloads.

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.

 

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.