Office Hours: Mon-Fri 9AM-6PM ET
Blog post by TDW Closeouts on 13-Nov-2023 at 8:44 pm Eastern Time
Everyone who worked in the retail industry is aware of how important inventory management is. Yet, managing inventory is sometimes like playing a lottery. Retailers need to have enough stock to meet their buyers’ demands, but on the other hand, they mustn’t overstock their inventory either.
This might sound easy to do, but it is actually a rather complicated and risky process. Retailers need to consider many factors before they can make a prediction of how many certain products they will need. These predictions will often be wrong.
When these predictions are wrong, retailers either sell out their stock and can’t meet every buyer’s needs, or they are left with excess stock that takes up the inventory space. In the latter case, the retailers need to figure out what to do with the surplus stock.
One of the best ways to get rid of the inventory overflow is through liquidation sales. The retailers group and bundle their excess inventory on pallets, truckloads, or containers and then sell them for discounted prices.
Various types of resellers are interested in these liquidation pallets, containers, and truckloads. If you are one of those resellers and you are dying to know where you can find the best truckload liquidations in 2024, this article is a must-read!
First of all, in order to find the best truckload liquidations, you need to know some standards that all truckload liquidations should fulfill. Of course, these standards might depend on your individual needs and requirements. However, some of the basic requirements that every liquidation should meet are the following:
Of course, one of the most important requirements that every truckload liquidation store or site should meet is stock quality. After all, just because they sell excess inventory and customer returns doesn’t mean that they are allowed to sell garbage and that you should spend your money on broken products.
On the other hand, it is worth noting that these sites and stores don’t check every truckload when they buy it from the original retailer. They aren’t allowed to cherry-pick each item; they can either buy the truckload or leave it to someone else.
And even if they were allowed to go through the contents of each truckload that they are buying, that would be extremely time-consuming. So, how do liquidation companies and resellers ensure the quality of the products that they are reselling?
They buy these truckloads of liquidated products from reputable businesses only. For example, many of these resellers buy their stock directly from companies such as Amazon, Home Depot, Target, and Walmart.
In other words, look for resellers that get their inventory directly from reputable and well-known retailers. Of course, this doesn’t guarantee that every product will be in a pristine condition, but the majority of other products will be.
What is your reason for looking for truckload liquidations? Do you plan to resell products to your friends and acquaintances, or do you have a bigger buyer base? In other words, do you need only one truckload of liquidated products, or do you need several?
Not every store or site that sells truckload liquidations has the same capacities. Some sell only a limited number of truckload liquidations at any given time. If you need to buy more truckloads, such sites and stores might not be the best choice for you.
Instead, look for stores or sites that allow you to buy multiple truckloads. On the other hand, if you only need one or two truckloads, then you can buy from almost every store or site as long as they aren’t fully sold out.
Most individual resellers specialize in selling one product type or category. For example, some resellers specialize in selling clothes. Others work with electronics and appliances, and there are resellers that sell tools.
These are just some examples, as there are many other product categories that resellers might be interested in, and some resellers might even be interested in two or more product categories.
No matter if you specialize in one product category or you are looking for a larger variety of products, you should find a liquidation store/website with diverse products. This way, you can rest assured that you will find products and product categories that you need.
For instance, if you are looking for truckloads full of clothes, you won’t be able to find them at a liquidation store or website that sells tools and electronics only. In order to find what you are looking for, your best bet is to choose stores and sites that sell diverse liquidation truckloads.
Stores and sites that sell truckloads of liquidated goods certainly profit from these sales. This means that they sell these truckloads at higher prices than they bought them. However, they can still set their prices to be affordable, and you should look for resellers with such prices.
If you are uncertain whether a certain store offers reasonable prices or not, compare them with similar stores and their prices. This is a great way to determine what the fair price is for a liquidation truckload.
Also, before you make the purchase, don’t forget to check for any additional or hidden fees. You don’t want to be surprised with the final invoice, so make sure to check every potential cost.
If you don’t have a truck to pick up what you purchased, you will need to figure out the delivery. Most stores that resell liquidated truckloads also offer delivery to your doorstep or any other address that you provide.
However, don’t just assume that the store offers delivery. Ask them about delivery options and whether the delivery is free or there is a fee you will need to pay. The fee might depend on how far away you live and whether you are in the same state as the store you chose.
Before we move on to the best places to buy truckload liquidations, let’s first see which retailers these truckload liquidations come from. No matter how big or small a retail company is, it will occasionally end up with excess inventory.
However, large retailers are more likely to end up with large quantities of excess stock, which makes them more likely to sell liquidated overstock. Some of these retailers are:
As you can see, different retailers sell different types of products, which also influences their truckload liquidations. So, if you want to find a liquidated truckload with a specific product, ensure that you buy from a proper retailer.
For example, if you want to buy and resell liquidated trucks with clothes and shoes, Home Depot or Lowes truckloads aren’t good choices. however, if you want to buy and resell tools and gardening supplies, then truckloads full of Home Depot or Lowes products are the way to go.
Now that you know all about specific retailers and their truckload liquidations, it is time to see where you can buy the best truckload liquidations in 2024. You can choose between two options: doing it in person or choosing to buy online.
If you decide to buy truckload liquidations in person, your best choice is physical stores near you. Of course, before you step inside any of those stores, you should research them first. Just because they are close to you doesn’t mean that they will fit your other, more important requirements that we explained above.
If, on the other side, you decide to buy your truckloads online, you don’t have to worry about the distance between your warehouse and their warehouse as long as you have enough delivery options. Still, you need to remember the requirements we spoke about earlier and make sure that this online store meets those requirements.
So, let’s see one of the best online sites to buy truckload liquidations:
TDW Warehouse is a company that specializes in selling liquidation truckloads, pallets, and containers from different retailers, including Amazon, Walmart, Lowes, Home Depot, Kmart, JC Penny, Sears, and Target.
Some of the product categories that you can find on this online liquidation store are clothes, accessories, sports and bike equipment, tools, makeup and other drugstore goods, footwear, electronics, food, snacks, and even groceries.
As you can see, TDW Warehouse offers liquidated goods of various volumes, categories, and different retailers and brands. This company also offers the option to deliver the goods worldwide, which means you don’t have to worry even if you live somewhere abroad.
Even though TDW Warehouse is basically an intermediary between retail companies and you, their prices are affordable. Many businesses buy their inventory from TDW because this company simply has no competition among liquidation brokers and other similar resellers.
Another place you can check out is the official Walmart liquidation marketplace. Here, you can find many different liquidated truckloads of Walmart goods, and you can buy them directly from Walmart instead of a third party.
However, this also means that on this website, you can only buy Walmart’s products. Obviously, if you are looking for other companies’ products, you will need to look somewhere else.
This webpage is mostly focused on selling individual liquidated items instead of pallets or truckloads. So, if you want to buy bulks of products, this might be the wrong place to do it. However, buying individual furniture pieces and reselling them can be quite profitable, so it’s worth checking it out.
Amazon is one of the companies with the most diverse products, probably because many brands and sellers decide to sell their merchandise on Amazon. This means that Amazon also has rather versatile truckload liquidations, and you can find them here.
However, there are certain limitations to how many loads you can get in one order. The ordered truckloads are usually delivered in 14 days, but Amazon doesn’t guarantee that it will deliver the goods within that timeframe.
A: Yes, buying and reselling liquidation truckloads can be profitable, depending on how you approach it. If you know which product category you can sell, and if you manage to build a loyal buyer base, you can make a decent living out of truckload liquidation.
A: When a retail company wants to liquidate its excess inventory, it groups these products according to their category and places them on pallets. Then, company packs several pallets together in a single lot, and that is a truckload.
A: You can visit Amazon’s official page, write them an email found on that page, and then wait for their offer. Or you can simply visit the TDW Warehouse website, send them a request, and then make a purchase.
Truckload liquidations have proved to be a great way to make money in 2023, and 2024 will be no different. If you are new to the liquidation world, don’t be afraid. Follow the tips from this article, and you will easily find the best truckload liquidations in 2024.
One of the best places to do so is TDW Warehouse, a company that sells liquidation truckloads to many businesses and individual resellers across the country. Its success is hardly surprising since this company offers many benefits, including but not limited to versatile and high-quality truckloads and fast delivery.
So, if you want to start earning money from reselling liquidated products, go to TDW Warehouse, and your journey to success can start!
