Offering name brand merchandise allows resellers to attract attention to their business while eliminating the need to build and test a wide range of products. Most people are already familiar with name brand merchandise, making sales and repeat business more likely.
Although many business owners have heard that purchasing liquidated products can reduce the amount of money spent on inventory, not many understand what this means or where liquated products come from.
Every year, millions of products get returned. This is especially true for products purchased online. As many as 30% of online purchases and 8.9% of in-person purchases get returned each year. 23% of these products are returned because the buyer received the wrong product. 22% are returned because the buyer thought the product would look different than it actually does. Many times, merchandise is returned unopened, in its original packaging.
Unfortunately, businesses cannot resell merchandise once it’s returned. They must consider it used. In order to clear space to make room for new product, large retailers sell their customer returns in bulk to liquidation suppliers like Discount Truckloads. Once received, the liquidation supplier breaks down the customer returns into pallets and truckloads. These loads are sold to resellers and small businesses at deeply discounted prices.
Large retailers don’t typically have a lot of storage space available. Unfortunately, it can be extremely difficult for retailers to predict how much product they need. Change in demand can occur at any time, and products can quickly go in and out of style. When retailers order too much inventory, it can lead to major storage problems.
Overstock products are generally brand-new products or display models that the retailer no longer needs. Like customer returns, large retailers offer loads of overstock products to liquidation specialists.
When stores close or restructure, they’re often left with a lot of inventory. Depending on the circumstances, the store may need to get rid of this inventory very fast. Many retailers will offer their closeouts to liquidation suppliers, like Discount Truckloads. These closeouts are brand new product. Resellers can make significant revenue offering closeouts for sale.
Liquidation merchandise provides an affordable way for resellers to obtain high quality merchandise at deeply discounted prices. However, it’s important that resellers take their time to locate a respected and experienced liquidation supplier. This ensures the greatest chance of success.
Looking for a lot of inventory at deeply discounted prices? Discount Truckloads can help. Please contact us for information about our liquidation pallets and liquidation truckloads.