I had the pleasure of working with Jon from Sell Inventory to liquidate inventory from select store closures. Over the last year, Overstock.com Inc has hit prices as high as $39.24 and as low as $17.05. B2B Online Sales. The categories of stocks are appliances, automotive, books, cell phone accessories, commercial assets, general merchandise, sporting goods, among others. This handy tip is from retail expert Christine Guillot. We also work directly with businesses in pre-planning of a bankruptcy. Their ability to handle and process large volumes of inventory promptly and accurately, set them apart from the competition. opportunities. Well cover what overstock inventory is, why it can be a problem, what causes it, how to avoid it and how to sell excess items efficiently. Cost is also effectively managed as buyers carry shipping costs but you have to pay 5% transaction fee. Selling on Amazon is becoming more and more difficult. To get started, simply sign up, follow the registration flow, and you could have your first sale today. Promotions subject to approval. Easily expand your customer base With warehouses throughout North America, we have the capability and capacity to liquidate and process inventory of all sizes and complexities. Getting into the e-commerce space is a great way to start to scale your business and make your business more profitable. Disposing of excess inventory is a lose-lose for everyone and should only be considered if you have exhausted all your options. 407 Dominic Court, Franklin Park, IL 60131. But opting out of some of these cookies may have an effect on your browsing experience. Liquidation.com is an online auction marketplace. This can waste financial resources and shelf space, preventing storage from being used for more profitable inventory while creating cash-flow problems. find just what they want for less. By Publisher January 25, 2023 6 Mins Read. If you need cash for your excess inventory quickly, you can avoid the bother of auctions by selling to a surplus inventory liquidator like Merchandise USA. Before you consider selling your excess inventory through a thrift store, look at what they carry first and see if your items are a good fit. This cookie is installed by Google Universal Analytics to restrain request rate and thus limit the collection of data on high traffic sites. Many retailers prefer to sell off their overstock inventory of a particular item in a single transaction to another business. Keep in mind that they are often looking for something specific that they think is going to sell fast. YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data. Register your business name and get started on all the associated paperwork. While each project had its own set of challenges, Jay was able to navigate through intricate networks to achieve successful resolutions. email This tactic can work especially well if the overstock item makes a natural fit for the other item. We invoiced on Tuesday and they wired funds on Wednesday. Encourage clients to purchase multiple pieces at a discount if they have a severe surplus inventory issue. These companies buy a wide range of . We manage the process of liquidation, completing the product cycle while effectively maximizing our clients return. Turn your excess inventory into fast, profitable cash for your company! 2. Ultimately, effective overstock inventory management leads to a smarter, more efficient approach to stocking and selling products. Analytical cookies are used to understand how visitors interact with the website. Automating your inventory tracking can provide you with the data you need to give you an early warning signal before overstock gets out of hand. While some of these channels are best for high volume businesses with lots of excess inventory, others are great for certain niches, or may even allow you to move open or damaged inventory. Increase your brand and product visibility through bulkinventorybuyers.comexcessinventorybuyers.comliquidateinventory.netproductliquidators.combulkcloseouts.com, HOMEWHAT WE DOABOUT USBLOGF.A.Q.CONTACT US. When you cant sell overstock to your regular customers efficiently, there may be another way to unload it. 2.1 The Seller Assembles Their Overstock Into Lots. beautiful eye catching paid ad placements. Because tax regulations governing inventory donations can be somewhat complex, consult your accounting professional for how to apply them. Because our auctions take place entirely online, bidders can participate . Instead of having your own yard or rummage sale that is limited only to the people in your community, consignment marketplaces take your garage sale nationwide. next overstock sale. It contains the domain, initial timestamp (first visit), last timestamp (last visit), current timestamp (this visit), and session number (increments for each subsequent session). content that makes it easy Just Make It Go Away is proud to be an environmental friendly business as we promote reducing waste and making the most out of what we already have! We have a tremendous amount of experience in the manufacturing, retail, and wholesale markets, and understand close-outs, customer returns, surplus, excess stock, salvage, and dwindling and discontinued products better than anyone else in the industry. We will buy your unsold or excess FBA inventory. If they decide to take any of your items, they will either pay you for them upfront or pay you a percentage after the item they accepted sells. Muddassir is a Six Sigma black belt and founded the leading supply chain platform SCMDOJO to enable supply chain professionals andteams to thrive by providing best-in-class knowledge content, tools and access to experts. business online. Transacting with SELLinventory.com was both easy and seamless, which is a testament to their operational dedication, organization, and communication. Left unsold, excess items will need to be returned to the supplier or disposed of in some other way which represents a loss. Like consignment marketplaces, new and used items are usually both accepted (depending on the store of course) and priced accordingly. forward. 1. authorized to outfit U.S. government In the past 39 years, the categories bought and sold include building supplies, clothing and fabric, general merchandise, and so on. Methods for managing overstock range from strategies for preventing overstock from accumulating to tactics for recovering the partial value of overstock. leveraging site wide sales and For whatever reason, you may have an excess inventory and are looking to Sell Surplus Inventory Online; know that we could be your perfect partner in this process. Its categories are all electronic components and excesses. Bing Ads sets this cookie to engage with a user that has previously visited the website. Sincerely. The business which has been in operation for 33years boasts of a vast network of sellers and buyers but the focus is on stocks in new condition. Some of the products which you can put up for sale on the website includes earphones and music accessories, branded shoes, home sound equipment, fashion shoes, mobile accessories, and backpacks. Benefits of selling your waste, overstock, and damaged inventory. With millions of This cookie is set by Segment to count the number of people who visit a certain site by tracking if they have visited before. When this is the case, you may be able to improve your sales by changing elements of your marketing approach, such as which benefits youre emphasizing, who youre selling to or what keywords youre using to reach your buyers. Without any stress or risk involved in a business, you can liquidate inventory from anywhere. To do this without taking a loss, the bonus item should serve to steer sales toward another item to offset its cost. . Contact us about your surplus inventory today. The second, was to turn the remainder of our inventory over to them on a consignment basis. Just be honest about the condition the items are in when you list them, price them accordingly, and watch the sales roll in. Make More Room for make it easy to Their coordination of the entire project was nearly perfect. Overstock's initiatives. It is hard to deal with due to damages, taxation, and insurance. Within 48 hours of reviewing your inventory, youll receive a WBE offer. You can minimize costs, take advantage of consumer trends, and . Sell your damaged, reject and excess products to us and start a partnership with a trustworthy company. Selling Is is also hard to scale. Place ads for your inventory sales at strategic places on your site. Liquidation is the process undertaken by a company that decides to sell its inventory in order to recover a portion of the capital invested in its merchandise. Merchandise USA sells closeouts and liquidate inventory. Also, strategies such as discounts, bundling, liquidation and tax write-offs can salvage at least part of the overstock value. incorporates enhanced product Everything You Need to Know about eBay Managed Payments, Proactive Steps To Protect Your Online Business In The Long Run, discovery shopping and what sells best on discovery marketplaces, eCommerce selling tips for Tradesy, Poshmark and Mercari, Why Cash Conversion Is Key for Amazon Sellers During the Holidays - Random Amazon, Why Cash Conversion Is Key for Amazon Sellers During the Holidays - Random Review. Call SELLING EXCESS INVENTORY for more info. Our easy liquidation process can take some of the stress out of selling your overstock inventory. No need to buy a pallet of junk and sort it yourself, we've done the heavy . LiquidateNow is an online platform with vast specialization in liquidating excess and unneeded inventory. This means you can avoid going out-of-stock and missing out on orders and avoid going overstock and having to sell your products at lower price than anticipated and cutting into your margins. Converting Non-Performing Assets into Cash. Pro Tip: Consignment marketplaces like Poshmark and Mercari allow buyers to make you an offer for less than the amount you asked for. CALL US! Liquidate the overstock by selling it to other companies which purchase surplus inventory at discounted rates. Terms and conditions apply. Thrift and consignment stores range from high end to low end. The process could be Outright purchase or Consignment partnership. Use tab to navigate through the menu items. Especially if it is a small amount of inventory and you are not expecting this to happen again. Save time - We also sell sorted customer returns pallets in over 40 different sorting categories. When discounting prices, make sure you keep your prices high enough to maintain a profit margin. While all orders are self-fulfilled, they make it super easy. This has been the engagement in the past 13 years. All other products, services, and company names are trademarks, registered trademarks or service marks of their respective owners. Use other digital channels such as email marketing, social media profiles and search engine ads to drive traffic to inventory sale offers. However, Excess inventory does not have to become a liability. We are fair and honest in liquidating your goods. If you have a local flea or farmers market in your area where you could get a physical storefront cheaply, you may want to consider setting up shop. The categories dealt in are electronic components and it has been in the industry for 30 years. Or maybe marketing costs are too high to get any visibility on Amazon. You wont earn as much per unit, but youll sell more items, while building customer relations in the process. We purchase excess inventory of nearly all categories of finished products and consumer goods. Leveraging an online marketplace can be a great way for you to not only get rid of excess inventory but to also make new customers. All rights reserved. We will buy your unsold or excess FBA inventory. 3. Sell Excess Inventory Online. We pride ourselves on providing a fast, fair, and easy experience. We also provide brand protection services when in need, such as defacing labels and tags, as well as exporting product to other countries and geographical regions. When you are bothered about inventory carrying costs and thinking of liquidating, this website is here for you. Each one has its built in traffic source and if that customer base isnt interested in what you are selling you may have trouble making sales. By clicking Accept, you consent to the use of ALL the cookies. to Easy. Use these methods to help you avoid and reduce overstock losses so you can maintain healthy movement of inventory and sustain profitable sales. Minimize exposure while maximizing return on assets. All rights reserved. Started. Better prices than what our competitors offer, Easy process, from upfront payments to full transport provision. Our most popular categories include home goods, toys, pet products, beauty, gift sets, and short-dated food. Of course, they are always in the demands of different components of electronics. Just Make It Go Away is the top inventory liquidator in the world! Don't pay for shipping twice. An easy way to automate inventory tracking is to use a point-of-sale system with inventory tracking capability, such as Cin7, or an inventory management app that syncs with popular accounting apps, such as Fishbowl. This process is often mistaken as a last resort turned to by failing and bankrupt companies. No matter where you are in the world, or what time it is we are here, ready for opportunity! We accept just about any type of overstock inventory. Enjoy dedicated email support and powerful online Copyright. items that have been returned, opened, tags removed, damaged, regulated, etc.). We'll contact you It would then be marketed to a singular buy-all individual. As your excess inventory buyer, we'll guarantee a fast and simple process. Kole imports purchases closeouts in the categories of pet supplies, automotive, toys and many more at a wholesale price to buyers. Getting rid of unsold stock is never fun, but these guys are fair and honest. You can create an amazon removal order. 4 Buying and Selling Overstock- A Great Money Making Idea. Apply to get daily payments and capital for your growing business in as fast as one business day. prices. Send us your inventory file (preferably a .xls) with as much product details as possible. Our online auctions provide an excellent solution for businesses looking to sell a lot of inventory fast. Save my name, email, and website in this browser for the next time I comment. You will not be disappointed. If you sell clothing, shoes, home goods, toys, or anything remotely in those categories, consignment marketplaces such as Tradesy, Poshmark, and Mercari are huge selling opportunities both for your excess inventory or even as an additional selling channel depending what you sell. To sell your inventory is quite easy. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); leading recycler of textile waste, building materials, automotive textiles, and more. process to set up your account, While this may not be for everyone and can be a significant time commitment as you have to physically be there selling often over the weekend, many sellers actually love it. Buying is our livelihood. confidently 4. If they pay you upfront, you may only get 10-20% of what they plan to try to sell your items for. Tophatter is an ideal marketplace to sell excess inventory. tools. Here are just a few: 2. We purchase overstock or excess inventory from wholesalers, retailers, Liquidators, Amazon FBA sellers, Manufacturers, Distributors, importers & 3 PL Warehousing Facilities. Partnering with an inventory liquidator can be the most beneficial thing you can do to get the most use and profit out of your overstock inventory. These cookies do not store any personal information. First and foremost, make sure any inventory items youre trying to move are visible and not pushed back behind other items. Left unchecked, excess inventory potentially can put you out of business. product assortment, pricing, and through Overstock Pro. Get industry-leading advice to help you make confident decisions. If you've got inventory that "Must Go", please send it ourway. Locate the business today at Albany, NY 12207 to liquidate inventory. Simply put we are buyers of excess inventory. On top of the social aspect, local flea markets give online sellers, they also give sellers the opportunity to unload unsold inventory free of marketplace fees and buyers pay upfront in cash.
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