Obtaining closeout and liquidation merchandise can play a huge part in keeping your business running. In order to fully understand and take advantage of this process, it’s important to take a step back and know how everything is processed and sold. Closeout merchandise consists of customer returns, floor damages, and samples that are sold in bulk for below wholesale prices.
Wholesale liquidators are suppliers who buy and sell large amounts of surplus closeout merchandise, buying the items from major retailers, and selling to other resellers. Retailers, flea market and swap meet vendors, and other small businesses can buy closeout products from wholesale liquidators in bulk, usually in cases, pallets, or truckloads so the liquidators can pass on the low prices. Direct Liquidation, a closeout and liquidation company, simplifies this process for their customers and gives them an opportunity to get even more products at extremely low prices.
Customer returns play a huge role in the liquidation process. Even though many products are returned to the original seller unopened, many online retailers and Amazon sellers cannot list returned merchandise back for sale as new. Instead of listing the items as used and making a smaller profit, they liquidate it, selling to wholesale liquidators. Michael Lawrence, Director of Ecommerce B2B at Direct Liquidation LLP, says the company has a special process when handling returns from large retailers such as Walmart, Target, Lowe’s, and Amazon.
The company acquires returned stock, and from there, must decide if the merchandise is too damaged to resell or if it can be refurbished and resold to others. If the product can be refurbished, Direct Liquidations takes the merchandise down a path where it is handled and processed by their team. An inspection is done on all goods to make sure products are working properly and then can be packed for sale on pallets.
Now You Can Get the Goods
Direct Liquidation has a new easier and money-saving technique to get you liquidated merchandise. As they have grown and added a lot more variety of products, the company has added an auction option to their website instead of the traditional “buy now” option for pallets of goods. Depending on the quality of inventory (new, like new, used), the starting bid is either $40 or $99. If nobody else bids, you get to take it all, and there are no reserve prices on auctions.
Closeout and liquidation merchandise is a great option for flea market and swap meet sellers, and with Direct Liquidation’s auction option, you’re paying only $40 or $99 for thousands of dollars worth of merchandise, if priced at retail values. Direct Liquidation also has local pick-up facilities, so if you are buying pallets and are located near one of their facilities, you can drive to the warehouse and load your vehicle, skipping any shipping fees. With so many different products to choose from including general merchandise and housewares, this is an absolute steal for your business.
Deals like these from Direct Liquidation are an important part in deciding where to get your discounted merchandise. Now that you have the basics, you can choose a closeout and liquidation company that works for you to not only make a great profit, but to also give your customers a more broad selection of products and establish a relationship with different companies. Be sure to visit the Direct Liquidation website, and happy selling!