Spring is nearly here, and there is so much to do! Besides preparing for the upcoming busy summer months, there are multiple holidays and events for which to prepare, including Easter, Cinco de Mayo, Mother’s Day, and Memorial Day. Before vendors go crazy trying to restock their products or find new suppliers, why not try sourcing closeout and liquidation merchandise?
Wholesale liquidators are suppliers who have large amounts of surplus wholesale merchandise. Many quality liquidators work with name brand retailers to purchase their extra inventory at low rates. This extra product can be from customer returns, seasonal changes, overstocks, or imperfect qualities. Basically, liquidators handle the items major retailers no longer wish to sell. Closeout suppliers are very similar to liquidation suppliers. They have a limited and large amount of a particular product they are looking to sell at a highly discounted rate. Just like liquidators, closeout merchandise is usually overstock or out of season stock.
Flea market and swap meet vendors can get high quality, brand name merchandise for super cheap when purchasing from closeout and liquidation companies. Your customers will not have to break the bank and you can make a profit. American Merchandiser gathered up a list of reputable suppliers that can offer you the best in electronics, apparel, groceries, toys, health and beauty, and so much more. Take a look:
All Stars offers a vast variety of surplus merchandise, great customer service, and low wholesale prices. Having been in business for over 13 years, this company proudly sells wholesale lots, warehouse stock, salvage merchandise, store liquidations, overstocks, customer returns, shelf pulls, store closeouts, excess inventory, and truckloads of general merchandise that are a perfect fit for any store or booth. All Stars Wholesale has everything you need from health and beauty, jewelry, and home decor to cooking products, candy, and toys. Check out their website, www.allstarswholesale.com, for more information.
This is a great company to get started with sourcing pallets of products. Not only is their website super easy to use, they also have pages upon pages of brand name products from retailers such as Walmart, Lowes, Target, and Amazon. As they have grown and added to their inventory, Direct Liquidation now offers an auction option on their website instead of the traditional “buy now” option for pallets of goods. Depending on the quality of inventory (new, like new, or used), the starting bid is either $40 or $99. If nobody else bids, you get to take it all. To get started now, visit their website at www.directliquidation.com.
SkyGropup is another excellent closeout supplier for sourcing new products. They deal with a variety of national and ecommerce retailers who sell returns by the pallet and truckload. With new loads coming in every day, their inventory changes quite a bit. You can source everything here including apparel, furniture, home goods, food, footwear, and toys, just to name a few. See more of what SkyGroup Closeouts has to offer at www.skygroupcloseouts.com.
Here is where buyers can get the maximum bargain for their money. This locally operated, Christian-based discount supplier was founded by Doug Hipps in 1985. The company offers a wide range of general merchandise, including dollar store items, food goods, health and beauty products, office supplies, pet supplies, toys and more. Some non-closeout items Bargain Max offers are medical supplies including forehead thermometers. To place an order, give them a call at 704-277-8007 or visit their website at www.bargainmaxinc.weebly.com/dollar-items.html.
This is also another easy-to-use online platform for sourcing liquidated merchandise. The homepage offers a list of featured lots from well-known and reliable companies, and if you don’t see anything that catches your eye, you can search for specific products and see if there are any deals going on. Buyers can sign up for a daily alert email to get in on all the lots before anyone else. Get started with sourcing the best deals at www.closeoutcentral.com.