Buying Surplus Inventory Online in the US
Every year, the retail industry in the United States holds an eye-watering $250 billion in surplus inventory that it needs to dispose of. This staggering sum has the potential to cost retailers huge losses unless they are able to both remove it from valuable shelf space and claw some of the costs of this surplus back. In the case of larger scale retailers, they can’t simply give over large areas of their retail space to selling discounted goods. So what do they do instead?
A popular way to dispose of the mountains of surplus inventory retailers build up year on year is to sell it via online liquidation marketplaces direct to businesses at a considerable discount. In the following article, we explain how this system works, what a business can expect from an online liquidation wholesale marketplace and why buying surplus merchandise from a liquidator is a cost-effective way to supply your business with top-quality stock that won’t cost you the earth and will increase the likelihood of your business making a profit.
What Is An Online Liquidation Marketplace?
As has already been mentioned, every year, retailers up and down the land end up with huge quantities of surplus inventory for a number of reasons. By far the largest quantity of surplus inventory is customer returns. These are items that are brought back to retailers for reasons such as the items being faulty, the items being damaged or the customer changing their minds about their purchases.
Other types of surplus inventory include overstock and closeouts, which are terms respectively applied to over-ordered and surplus stock (such as seasonal stock) and inventory that has become surplus to requirements, mostly thanks to a retailer closing or reorganizing a particular store.
All of this surplus inventory must be disposed of quickly so it does not clog up valuable warehouse space, and that’s where a liquidator steps in. Liquidators – in particular top tier liquidators such as Direct Liquidation – offer retailers vendor landing pages on their online liquidation marketplaces through which they can sell their unwanted surplus inventory directly to reselling businesses, usually via live liquidations auctions.
An online liquidation marketplace is, therefore, a one-stop-shop where businesses looking for boxes, pallets or truckloads of surplus inventory can find exactly what they need, buying or bidding for wholesale merchandise at prices they simply won’t be able to find anywhere else.
A Huge Range Of Surplus Inventory
On an online liquidation marketplace, you’ll find a huge range of surplus inventory that will satisfy the vast majority of resellers’ needs. On Direct Liquidation’s online sales platform, for example you’ll find surplus inventory being sold by some of the country’s biggest retailers such as Walmart, Amazon liquidations, Lowe’s Hardware and Target in the following categories:
Adult, Automotive, Baby, Books, Clothing, Shoes & Accessories, Electronics, Fixed Assets, Food, Furniture, General Merchandise, Health & Beauty, Home, Home Improvement, Industrial Supplies, Jewelry, Movies & TV Media, Office, Parties & Occasions, Patio & Garden, Pet Toys & Pet Supplies, Sports, Fitness & Outdoors, Toys and Unsorted.
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As you can see, that’s a pretty comprehensive list. You’ll find a massive range of surplus inventory from global brands such as Apple, Samsung, Black & Decker, Sony, Fisher Price, Disney, LEGO, Microsoft, Google, DeWalt and HP. And because Direct Liquidation works with retailers such as Walmart and Target, you’ll also find boxes, pallets and truckloads of well-respected own brand products from lines such as Mainstays and Blackweb.
So, if your business specializes in selling surplus wholesale electronics, for example, an online liquidator such as Direct Liquidation can supply your business with everything from high-end consoles, games and peripherals, PCs, monitors and laptops, to the latest smartphones and tablets including the highly-regarded and much sought-after iPhone and iPad models.
Why Sourcing Surplus Merchandise This Way Makes Sense
Sourcing surplus wholesale liquidation inventory from a top tier liquidator is a much more cost-effective way of acquiring top quality stock from some of the world’s leading manufacturers and national retailers. Because the retailers wish to dispose of this type of stock in as fast a turnaround time as possible to make way for new stock that they can sell full price, they’re happy to take a considerable hit on the price of the surplus they’re disposing of via an online liquidation marketplace. Therefore, the prices resellers pay for surplus inventory are always well below typical MSRP value.
The low prices your business pays the liquidator for national retailers’ surplus stock can therefore be sold at a very attractive price while still leaving plenty of room for your business to make a profit. Sourcing surplus inventory also means you’ll keep one step ahead of the competition – something that’s vitally important in today’s highly challenging retail environment where competition has never been fiercer.
Buying Surplus Inventory Online
If you’re looking to buy surplus inventory online, then you should look no further than Direct Liquidation. With over a decade of experience at the top of the liquidation industry, Direct Liquidation is trusted by some of the country’s biggest retailers to sell surplus inventory on their behalf.
Usually sold via live liquidation auctions which take place on Direct Liquidation’s online sales platform on a daily basis, surplus inventory can be bid for by the pallet or by the truckload depending on how much stock your business requires. For smaller businesses, flea marketers and startups, surplus inventory can even be bought by the boxload. This means you won’t have to break the bank buying too much stock or upgrade your storage capacity when you’re not yet ready to do so.
If bidding on surplus inventory via online liquidation auction isn’t for you, there is quite often the option to buy the wholesale merchandise you’re interested in for a fixed price that will still be fantastic value for money and will still be well below each boxload, pallet or truckload’s worth. Look out for a ‘Buy it Now’ button on the lot you’re interested in. If it’s there, it can be purchased straight away without the need to wait for it to come up for auction.
Once you’ve bought a boxload, pallet or truckload of surplus inventory, it’s then simply a matter of arranging the shipping and Direct Liquidation will ensure it gets to your door in as fast a turnaround time as possible thanks to their network of distribution centers being located close to their retail partners’ warehouses. Then it’s just a matter of selling the surplus inventory to your customers at attractive prices that will both keep your customers happy and you competitors at bay, as well as increasing your business’s potential to make a profit by sourcing wholesale merchandise this way.
Buying surplus inventory in the US is simple, affordable and quick thanks to top-tier liquidators such as Direct Liquidation, so why not check out what they can offer your business today? We guarantee you won’t be disappointed!
Direct Liquidation is a goTRG company.
Kersten works as a sales representative for Direct Liquidation helping businesses to source liquidation inventory from the world’s top retailers and manufacturers. Kersten works with single pallet, LTL and truckload buyers hand in hand to ensure their businesses stay stocked up with the highest quality merchandise year round.
Schedule a sales callback with Kersten right now and find out how he can help your business profit with liquidation merchandise.