How To Buy Liquidation Pallets To Make Money Online
If you already buy wholesale merchandise and sell it to customers online or you’re thinking of doing so, what’s the best, most reliable and – most importantly – cheapest source out there? While it used to be the case that most retailers could rely on local wholesalers who offered good enough prices even after adding their own markups, this is no longer the case.
You may have noticed a worrying trend of late, and that’s wholesale prices veering ever closer to retail prices. As this has happened, the chances of making a profit have decreased and decreased to the point that there’s hardly any money to be made sourcing stock this way at all. Truly a worrying development for any online retail business.
Luckily, there’s a simple way to combat this growing trend of ever-increasing wholesale prices, and that’s to switch to buying liquidation pallets from a top-tier, Better Business Bureau-accredited liquidation specialist like Direct Liquidation.
What Is A Liquidation Specialist?
Unlike those aforementioned traditional wholesalers, a liquidation specialist operates in an entirely different way that means customers who buy from them can still enjoy the sorts of prices it’s now virtually impossible to find anywhere else.
Liquidators like Direct Liquidation form partnerships with some of the country’s biggest retailers, offering them spaces on their online liquidation wholesale marketplaces through which the retailers can sell their unwanted customer returns, overstock and closeouts directly to businesses either via live liquidation pallet auctions or for a fixed or negotiated price. Here’s how it works.
Every year, retailers such as Walmart and Target find themselves in possession of large quantities of surplus stock that they must dispose of in as short a time as possible to prevent this stock taking up valuable warehouse space that should be used to house new products. But why do they find themselves overloaded with so much surplus stock? It’s very simple.
Every year, the big-name retailers take back huge quantities of customer returns. Customers bring back products to stores for a number of reasons ranging from the products being faulty to customers changing their minds. Whatever the reason, this stock can no longer be classed as new – even when it is – and therefore it loses its value to retailers who are not discounters. Reluctant to devote store space to discounted goods, the retailers instead look to sell on their unwanted returns, and they turn to liquidations specialists to sell it on their behalf.
As well as customer returns, retailers also look to dispose of large amounts of overstock, as well as closeouts. Overstock is merchandise that the retailers have either over-ordered, or it’s seasonal stock that’s failed to sell after each season comes to a close. Closeouts is the term applied to stock coming from closing stores that’s surplus to a retailer’s requirements.
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Liquidators take all this surplus stock and sell it by the pallet direct to businesses on their retail partners’ behalf, thus freeing up valuable warehouse space for the retailers while offering huge discounts on top-quality wholesale liquidation merchandise to business clients looking to reduce their purchasing costs.
What Can A Liquidator Do For Your Business?
Because liquidators sell pallets of merchandise on behalf of some of the country’s biggest retail names, you’ll find an enormous range of top-quality brand name and own brand liquidated stock on sale on a liquidator’s online liquidation website.
Let’s take a look at what Direct Liquidation can offer your business. Direct Liquidation has partnership agreements in place with four of the country’s biggest retail names – Walmart, Amazon, Target and Lowe’s Hardware. That means retailers specializing in pretty much anything you care to mention are catered for when on the hunt for top-quality stock that won’t cost the earth.
Direct Liquidation sells liquidation pallets in the following categories:
Automotive, Baby, Books, Clothing, Shoes & Accessories, Electronics, Fixed Assets, Food, Furniture, General Merchandise, Health & Beauty, Home, Home Improvement, Industrial Supplies, Jewelry, Office, Party & Occasions, Patio & Garden, Pet Toys & Pet Supplies, Sports, Fitness & Outdoors, Toys, Unsorted.
That’s pretty much every base covered. Among those categories you’ll find a huge range of products sold in a variety of conditions to suit a wide range of customers and budgets. On Direct Liquidation’s online liquidation marketplace you’ll find wholesale merchandise being sold on Amazon, Walmart, Lowe’s and Target’s behalf from manufacturers such as LEGO, Sony, FUTURO, Hyper Tough, Apple, Black & Decker, Disney, Fruit of the Loom, Marvel, Samsung, DeWalt, Activision, Electronic Arts, Microsoft, Fisher Price and many, many more. You’ll also find the retailers’ tried and trusted own brand products such as Amazon’s Basics range and Walmart’s Mainstays and Blackweb ranges.
This means your business can always rely on a steady supply of cheap, top-quality merchandise as and when required when you switch to sourcing stock from a liquidation sales specialist. Great news for any business looking to cut down costs while still maintaining a stock of great products to entice customers and increase profits.
How To Buy Liquidation Pallets To Make Money Online
Buying liquidation pallets couldn’t be easier. If you choose to purchase wholesale merchandise from Direct Liquidation, you’ll first need to sign up for a free account. This will require the production of a valid reseller’s license.
Once you’ve signed up, you can browse the aforementioned category list or Amazon, Lowe’s, Target and Walmart’s dedicated vendor pages until you find the pallet of liquidated stock that’s right for your business. Most pallets Direct Liquidation sells on its retail partners’ behalf are sold via online liquidation auctions. If you wish to take part in an auction, you can sign up for an email notification on the pallet you’re interested in buying which will notify you when the auction is about to start. Once it does, all you have to do is enter bids up to a predetermined maximum bid level and wait to see if you’re the successful bidder. If you are, all that you’ll have left to do is pay for your successful bid and then arrange shipping.
If you don’t have the time or the inclination to bid for liquidation pallets at auction, most pallets can also be bought for a fixed price. If you see a ‘Buy it Now’ button next to a lot, you can buy that pallet straightaway. Again, all you’ll then have to do is pay and arrange your shipping. Finally, you can approach the liquidator with your own price offer. If the liquidator thinks what you’re offering is fair, that’s the price you’ll pay.
However you choose to purchase liquidation pallets from a top-tier liquidation specialist, you can rest assured you’re buying top-quality brand name and own brand products direct from some of the country’s biggest retailers for well below those products’ MSRP value. This means you’ll save money on your purchases, you’ll be able to offer you customers fantastic low prices, you’ll keep one step ahead of the competition and, crucially, you’ll make a healthy profit on stock purchased this way.
It’s easy to make money online if you know the best place to source wholesale merchandise. That place is an online liquidation marketplace. So why not check out what a liquidator can do for your business today?
Direct Liquidation is a goTRG company.
Jordan currently works as a sales representative for Direct Liquidation, assisting businesses with product sourcing of liquidated merchandise from the largest retailers in the world. Whether you are looking for a pallet or a truckload Jordan is here to help you grow your business.
View Jordan’s Bio on YouTube.
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