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Blog post by TDW Closeouts on 13-Sep-2023 at 11:41 am Eastern Time
Have you ever wondered what companies do with excess inventory? Well, they don’t just hold on to it. It’s important for them to make room for new products. This leads to the liquidation sale process. Although the products they have left over don’t sell in store, they sell it to liquidation companies who then sell the products to other retailers.
If you’re a retailer, e-commerce business, or individual entrepreneur looking to expand your inventory at a fraction of the cost, buying these containers of merchandise from liquidation companies can be an excellent strategy.
However, there are some things you should look out for. With that being said we are going to dive into the benefits of buying containers of merchandise, things you should be aware of, and lastly the very best place to buy them (with the process).
If done the right way, buying containers of merchandise could benefit your business in many ways. Here are those benefits.
When you buy in bulk the price of the individual items come down significantly. This is because of the low packaging and shipping costs. Because of this cost advantage, it allows you to increase your profit margins.
The great part about purchasing containers of merchandise is that it allows you to buy a variety of different products in one shipment. When you buy a bunch of different products , it allows you to experiment as well as diversify your inventory, which can be particularly beneficial for attracting and retaining customers.
If you work with a good liquidation company, the products they get will often be brand name products. This is solely because of the fact that people trust established brands making it more likely they will buy the products.
By purchasing containers of merchandise through liquidation companies, this will lessen your reliance on your regular suppliers. This is because liquidation sales are usually ready for immediate shipments. Sometimes suppliers could take a while to get you the goods you need.
Purchasing liquidation merchandise contributes to sustainability by preventing these products from going to waste, which can be a strong selling point for environmentally conscious consumers. Sustainability is a growing concern for many individuals and people are starting to base their buying decisions on sustainability practices.
Unfortunately, there are a lot of scams when it comes to liquidation sales. The valuable things could sometimes get picked through and then when you get the box you could be left with nothing. That could lead to you spending a whole lot of money for no reason at all. The whole point is to increase your profit margins by buying these containers and if you don’t do it the right way you could end up with a significant loss instead. To avoid such pitfalls, here are some crucial things to look out for when buying containers of merchandise from liquidation sales:
You want to buy your containers of merchandise from companies. Many scammers reside on online marketplaces like Ebay, Craigslist, Facebook marketplace, and more. Some scammers even go as far as creating fake websites. You need to make sure the company you have has an address so you could make sure they are legit. If there’s limited contact information be sure to stay away. Lastly, avoid making purchases on social media by all means. On social media you could be dealing with anybody and it’s difficult to verify the authenticity of the seller or the quality of the merchandise.
Some companies will buy whatever they can in order to make a sale. This includes items that are damaged. You want to choose a company that really focuses on getting quality products and vets their inventory carefully. It’s essential to partner with a liquidation company that prioritizes the condition and usability of the products they sell.
Ensure the liquidator has a policy against cherry-picking, where the best items are removed and sold separately, leaving lower-value items in the bulk sale. A good liquidator sells the container as they receive it from the retailer.
You want to make sure the products you choose have a good chance to sell. There are a couple of different ways you could do this.
The first way you want to go about it is by checking Google Trends. This is a great way to gauge how interest is trending for the specific products within the container.
Another way is checking sites like Ebay and other marketplaces to see how they have sold there. This will tell you how much you’d be able to get for those products.
Lastly, you want to take your existing customer bases buying patterns into consideration. See if they have bought similar products in the past. This will give you a good idea of whether or not the products will be successful in your store. Analyzing your own sales data can provide valuable insights into what your customers prefer and are more likely to purchase.
You want to also make sure you have enough storage space for the items you’re buying. You don’t want to have too much product to the point of where it doesn’t sell and you have room for new inventory. Overstocking can lead to increased storage costs, potential damage to products, and cash flow issues.
Lastly, you want to be prepared to invest time in processing the merchandise. When you get your container, you have to go through everything, make sure it isn’t damaged, and list each item for sale. This process can be time-consuming but is crucial for maintaining quality control and ensuring customer satisfaction.
Now that we went over the benefits of buying containers of merchandise as well as the things you should look out for, let’s talk about the very best place to get containers from.
Since 1991, we have been a key player in the wholesale liquidation market. We’re based in Sunrise, Florida, and we’re all about offering great products at unbeatable prices. Our specialty is providing bulk merchandise in truckloads, containers, or pallets, serving a wide range of customers. Whether you’re a retailer, wholesaler, auctioneer, or running a non-profit, we’ve got something for you.
Our mission is simple: it is to provide you with the best deals and service in the wholesale liquidation world. We understand your needs and are here to help you find the perfect products for your business.
We specialize in delivering bulk wholesale merchandise globally. Not only do we offer a wide range of goods from various stores and in different volumes but also assist customers with shipping and customs clearance, making sure your experience is seamless from the beginning to the end.
One of our biggest strengths is the fact we have partnerships with over 100 premier department stores across.America. This allows us to offer a wide variety of products. This includes items from categories like clothing, shoes, jewelry, home goods, and more, sourced from top retailers like Target, Walmart.com, Amazon.com, and others, providing an excellent opportunity to diversify your inventory.
At TDW, we know the last thing you want to do is waste money on unsellable products. Our extensive selection of merchandise, including closeouts, surplus stock, department store returns, and bulk shipments, are priced at a fraction of the wholesale cost, offering value that you can’t find anywhere else.
As we mentioned above, cherry picking is the process of boxes getting picked through before being sold. We ship you everything we get from the department store shipment.
Communication is essential when it comes to buying containers of merchandise. We have a strong customer service to account for this.
We have nothing to hide. If you’re in the Florida area and want to come take a look at our warehouse, you are welcomed at any time.
The process for getting started with us is simple.
The very first thing you need to do is sign up here. You have to enter in your name, phone number, email address, your country, and lastly type of business.
Once you’re signed up and accepted by us, you will have the ability to go through our lists of sales. We have plenty of different options with the three main liquidation sizes (containers, truckloads, and pallets) depending on the amount of inventory you need. So if you’re looking to stock a small boutique or fill a large warehouse, we have you covered either way.
It’s that simple.
So what are you waiting for? Sign up on our site now and start reaping the benefits of access to a diverse range of high-quality, affordable merchandise. With us, you’re not just buying products; you’re increasing the chances of growth within your business.
