If you’re a reseller specializing in selling furniture or you’re considering getting into the business, where is the best online outlet that can supply you with pallets of discounted furniture and will leave you with the best chance at profiting? The answer is to buy furniture liquidation pallets from Direct Liquidation.
When it comes to the secondary furniture market, the global market is set to grow to be worth a whopping $16.55 billion by 2025, with living room furniture occupying a 30.4% share. Why such a huge growth in a global market that was worth $9.96 billion in 2017? Well, there are several factors at play. Statista conducted a survey in 2019 asking Americans if they prefer to buy new or used furniture with 50% of respondents saying they preferred to buy new.
Money also plays a factor, especially now that many who faced economic hardships during the height of the pandemic are still rebounding in its aftermath. There are also environmental concerns to take into account. Many consumers are realizing that buying anything new comes with an environmental cost, and are choosing to buy used over new as they try to play their part in saving the future for their kids and grandkids.
These factors are all contributing to a growing secondary market, and that includes increased customer interest in liquidated furniture such as customer returns and overstock.
Whatever the reason for the return, the result is the same - the retailer is left with large items it sometimes can’t reintroduce to a store, even when the furniture is returned basically brand new. So what do retailers do with this returned merchandise?
Typically, retailers will liquidate this furniture by the truckload to a reseller who will in turn sell the items at a discounted price to retail customers. Since retailers need to liquidate their returns quickly, liquidators buy these returns at vastly reduced prices and then pass those savings on to their customers.
The Advantages Of Buying Furniture Liquidation Pallets From Direct Liquidation
- A wide variety of furniture to choose from.
- Furniture sourced from the biggest retailers in the United States.
- Furniture available to buy from live auctions or for a fixed price well below Manufacturer Suggested Retail Price (MSRP).
The 2021 U.S. New And Used Furniture Market
The amount spent on furniture per person in the United States has risen steadily since 2015. Across the States, monthly spending on furniture has been between $8.2 and $11.2 billion since January 2017. It seems the appetite for new furniture hasn’t been slowed by a global pandemic, with the average American spending $521 a year on new furniture.
When it comes to the secondary furniture market, the global market is set to grow to be worth a whopping $16.55 billion by 2025, with living room furniture occupying a 30.4% share. Why such a huge growth in a global market that was worth $9.96 billion in 2017? Well, there are several factors at play. Statista conducted a survey in 2019 asking Americans if they prefer to buy new or used furniture with 50% of respondents saying they preferred to buy new.
Money also plays a factor, especially now that many who faced economic hardships during the height of the pandemic are still rebounding in its aftermath. There are also environmental concerns to take into account. Many consumers are realizing that buying anything new comes with an environmental cost, and are choosing to buy used over new as they try to play their part in saving the future for their kids and grandkids.
These factors are all contributing to a growing secondary market, and that includes increased customer interest in liquidated furniture such as customer returns and overstock.
What Are Customer Returns and Overstock?
Below we offer a breakdown of the different categories of furniture you’ll find on Direct Liquidation’s online live auction marketplace:Customer Returns
By far the biggest category of furniture we sell here at Direct Liquidation is customer returns. Every year across the country, customers return items of furniture bought from physical stores and online stores for a variety of reasons. These reasons range from the furniture not turning out to be the right color (a problem faced by many online retailers), the furniture not blending in to a customer’s home surroundings in the way they’d hoped, the furniture being found to be faulty or damaged in some way or the furniture simply being returned because a customer changes his or her mind and sends back brand new, unused furniture to the retailer. Customers also now find it much easier to return items thanks to retailers offering much more forgiving returns policies.
Whatever the reason for the return, the result is the same - the retailer is left with large items it sometimes can’t reintroduce to a store, even when the furniture is returned basically brand new. So what do retailers do with this returned merchandise?
Typically, retailers will liquidate this furniture by the truckload to a reseller who will in turn sell the items at a discounted price to retail customers. Since retailers need to liquidate their returns quickly, liquidators buy these returns at vastly reduced prices and then pass those savings on to their customers.
Overstock
Overstock furniture comes from stores that have excess inventory they need to liquidate. Overstock furniture is in brand new condition and can be sold at a higher price than customer returns.Wide Range Of Liquidation Furniture
You’ll find a wide range of customer returns and overstock to choose from at Direct Liquidation. We sell furniture in the following categories:- Bedroom
- Dining Room & Kitchen
- Kids
- Office
- Patio
- TV Stands, Wall Mounts & Entertainment Centers.
Buying Furniture Liquidation Pallets
Pallets of liquidation furniture are sold via live auctions which take place on our marketplace daily. Bidding on pallets of furniture is easy. Simply identify the pallet of liquidation furniture you wish to buy, sign up for a free account here and then enter bids on the pallet while it’s live on the site. Once the auction comes to an end, we’ll notify you if you’re the successful bidder; if you are, all that’s left to do is pay for your goods and arrange shipping. Of course, not all resellers have the time to participate in auctions. For those customers, Direct Liquidation offers the option to buy pallets of liquidated furniture for a fixed price. If a pallet on our site has a ‘Buy it Now’ button, it means it can be bought instantly without having to participate in an auction. Simply click on the button and you’ll be redirected to the checkout.