and makes selling your products They even called and ask for our invoice for the sold items so they could pay us. We know that time is money and we get things done fast. comfortable This can waste financial resources and shelf space, preventing storage from being used for more profitable inventory while creating cash-flow problems. Terms and conditions apply. prices. Bulk discounts offer a variation on inventory sales which can serve to move larger amounts of items. Our logistics team will coordinate a pick-up at your warehouse with one of our 53 trailers. 2. When in need of a platform that liquidates inventory on your behalf to its vast 2,500 customers, 360 Components help you liquidate inventory at a fair price that suits you. If youre a retailer looking for unheard of growth and margin, we are the merchandise liquidators you need to call. The more goods are purchased, the larger the discount becomes. Make More Room for Well, here you are. Jay and Jon were fantastic to work with and bring a wealth of knowledge, as well as a large professional network. customers Described as Best of the Web by Forbes magazine; AAA Closeout is one of the best websites for closeouts and liquidation activities. Skip to navigation Skip to content. While this may not be for everyone and can be a significant time commitment as you have to physically be there selling often over the weekend, many sellers actually love it. You may be wondering if selling excess inventory here with us is even possiblechances are, it is! Donating items to local partners, nonprofits and schools can also be an effective way to move overstock and cultivate community relationships. However, they will take the inventory off your hands right away. To sell, all you have to do is to submit an inventory detailing your name, and companys name, email, and location, description of the item and why you want to sell. Increase your brand and product visibility through These cookies will be stored in your browser only with your consent. Finally, in the case of perishable and time-sensitive goods, overstocking means risking expiration and product obsolescence. Sell your damaged, reject and excess products to us and start a partnership with a trustworthy company. To learn more about discovery marketplaces, be sure to check out our post on discovery shopping and what sells best on discovery marketplaces. 2.2 Next, They Sell The Overstocked Merchandise. Get the ball rolling today! SELL inventory has the ability to move inventory discretely offline, without disrupting a clients existing, primary sales channels. 6 Simple ways to Sell Overstock Inventory. For the past 40 years, SELL inventory has been the industry leader for all consumer goods inventory liquidations. Getting rid of unsold stock is never fun, but these guys are fair and honest. promotions, When things don't sell you are tying up valuable capital and space. We'll evaluate your inventory, and then make you a competitive offer. Strategies for managing excess inventory fall into a few general categories, including: With that in mind, here are 12 ways to apply these general strategies: Good inventory management starts with accurate inventory tracking. Overstock inventory refers to the excess goods or merchandise that a retailer has on hand and is unable to sell within a reasonable amount of time. Clearing inventory provides a lot of benefits, from maximizing resources to preventing potential waste. In addition to Amazon fees and storage, sometimes your item is just too slow-moving or the marketplace has become too competitive to make a profit. Other times items may havebecome restricted. options, and enhanced content We purchase excess inventory of nearly all categories of finished products and consumer goods. Our online auctions provide an excellent solution for businesses looking to sell a lot of inventory fast. CALL US! We will buy your unwanted materials and take them off of your hands! reporting Under Internal Revenue Service (IRS) regulations, corporations generally can donate inventory to any qualified charitable organization. Set Up Your Business to Buy and Sell Overstock. your business aligns with Minimize exposure while maximizing return on assets. This same cash can be reinvested into your business in order to enable growth. Call today for a free quote (630) 815-3867 So, if you are looking for a team of professionals to liquidate your inventory, J2 Sourcing has the ability to bring your stock in close contact with a buyer. Regardless of what your excess inventory may entail, the WE BUY EXCESS Team are the best inventory liquidators for you. Fill the form to get started and to receive a no obligation FREEQUOTE! When a vendor or client is walking away from their inventory, or their inventory is being rejected, SELL inventory is ready to buy your products. Don't forget to include . We work with the courts, assignees, and creditors by purchasing a businesss inventory to help aid in paying off remaining debts and creditors. Ship directly to us from any "Fulfillment By Amazon"(FBA) warehouse! By Publisher January 25, 2023 6 Mins Read. Tell us about your business and collect If they pay you upfront, you may only get 10-20% of what they plan to try to sell your items for. Contact us about your surplus inventory today. Enjoy dedicated email support and powerful online We pay in full, via wire-transfer, on receipt of goods, at any one of our warehouse locations. Smooth and easy. We use targeted marketing to ensure the right people reach our auctions. We will buy your unsold or excess FBA inventory. If you have friends, family or a nearby shelter that could use your overstocked or damaged goods this may be a good idea. Unfortunately, not all liquidation services are worth your time.) Often when youre in the process of finding the right marketplace and/or strategy to sell your excess inventory, you come across certain items that consistently sell really well on these channels and discover a new stream of income. Due to their unique auction model, products dont get buried in searches and can sell thousands of times a day. Sell online. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. Another tactic is offering giveaways in raffle contests which serve to bring customers into a store, where they may purchase other items. We had a great experience with these guys. Now it's time to break down the best ways to get rid of all that excess inventory. You can minimize costs, take advantage of consumer trends, and . Selling on Amazon is becoming more and more difficult. As your excess inventory buyer, we'll guarantee a fast and simple process. Now that you have a few ideas of places to sell your unsold inventory its time to weigh the pros and cons of each and decide which works best for you and your inventory. This tactic can work especially well if the overstock item makes a natural fit for the other item. Provided by Google Tag Manager to experiment advertisement efficiency of websites using their services. Adjusting your sales strategy offers another way to move excess inventory. We purchase consumer goods products from all types of businesses, including but not limited-to: manufacturers, wholesalers, distributors, retailers, brands, insurers, logistics providers, fulfillment centers, and more. Sometimes you have a surplus of inventory, or you receive reject or damaged materials. When things don't sell you are tying up valuable capital and space. The categories dealt in are electronic components and it has been in the industry for 30 years. bulk commercial and technical If you put the items on sale, though, you will increase attention to the product. You can also make lower offers to Likers or people who have liked your listings that also expire in 24 hours. Once you have a business plan, it's time to make things official. Turn your excess inventory into fast, profitable cash for your company! Submit youre your inventory through our liquidation form with as much detail and information as possible. through Overstock Pro. It is located at 6931 Arlington Road, Bethesda, MD 20814. Our most popular categories include home goods, toys, pet products, beauty, gift sets, and short-dated food. In addition to Tophatter being ideal to sell excess inventory in bulk with its unique auction model, it is also unique in that it is an open marketplace that allows heavily regulated and often banned verticals such as CBD. In order to bid on overstock inventory from major auction sites, you'll need a resale certificate. One, to purchase about 12 of the products we needed to liquidate. Reserved. 3PL Warehouses, Fulfillment Centers, & Cargo Companies, Insurance Salvage Claims, Bankruptcies, & Warehousemans liens. Read our. While we sell overstock inventory and do inventory liquidation, we do not handle clothing, food, toys, kitchen accessories, or other items. Below, the websites links, process, year of expertise, among others are considered. Well cover what overstock inventory is, why it can be a problem, what causes it, how to avoid it and how to sell excess items efficiently. For whatever reason, you may have an excess inventory and are looking to Sell Surplus Inventory Online; know that we could be your perfect partner in this process. There are no monthly fees and it doesnt cost you anything to list your items on consignment marketplaces until they sell. Your brand is everything; treat it as if it is your baby. We will buy your unwanted materials and take them off of your hands! Sellers on local marketplaces really have to hustle to get their items sold which often means numerous back and forth messages, meeting up with buyers and making the final sale in person. While some of these channels are best for high volume businesses with lots of excess inventory, others are great for certain niches, or may even allow you to move open or damaged inventory. If you are looking for a team to execute your liquidation needs with the least amount of stress and demands, I recommend you partner with Sell Inventory. For example, you can run a buy one, get one free sale. You may also be doing your own customer service. They also have fewer regulations on personal health, wellness and sanitation items that marketplaces are currently limiting to a small number of select sellers. Usually, there has to be a form of partnership that shows that until sold, the ownership title belongs to the seller even though they are physically stored at J2. We manage the process of liquidation, completing the product cycle while effectively maximizing our clients return. This has been the engagement in the past 13 years. First and foremost, make sure any inventory items youre trying to move are visible and not pushed back behind other items. Remarket. DOJO Ventures FZE, Technohub 1 - Dubai. If you sell clothing, shoes, home goods, toys, or anything remotely in those categories, consignment marketplaces such as Tradesy, Poshmark, and Mercari are huge selling opportunities both for your excess inventory or even as an additional selling channel depending what you sell. Challenges and Opportunities, 8 Workplace Trends in 2023 (Plus How to Adapt to Them), 10 Leading Business Trends in 2023 to Watch, Calculate Your Payments and Total Cost of Borrowing, Advice and Answers for Small Business Entrepreneurs, Purchasing inventory that doesnt get sold wastes valuable financial resources, diminishing your, Storing excess inventory wastes space and money, Keeping overstock takes up shelf space which could be used for profitable items, Paying to return excess inventory costs money, Overstocking perishable items risks having to destroy merchandise at a loss, Miscalculations of consumer demand can lead to excess stocking, Changing market conditions or weather may lower consumer demand or alter purchasing habits, Shipment delays may cause items to arrive out of sync with sales demand cycles, Technical issues such as poor inventory tracking systems may make inventory levels difficult to monitor and manage, Returns may cause inventory to accumulate, Better inventory management tracking to keep overstock from accumulating, Adjusting marketing and sales tactics to accelerate sales to customers, Recovering partial value of inventory through liquidation, Disposing of inventory without selling it in ways that indirectly increase revenue or reduce expenses. Not only would you be getting rid of your products and not making any money, you often have to pay for the disposal. Bulk discounts may entice customers to make larger purchases than intended; a great strategy to sell overstock inventory. We help you take away the worries. We're Closeout Buyers ready buy your closeout inventory to cash in your hands right now. We are export-focused, shipping our waste products to mainly international customers, so our products don't compete with your domestic production and supply chain. The heavier the discounts, the more . Overstock.com Inc's ( OSTK) price is currently down 0.69% so far this month. We'll give you a fast, & free quote while saving you money and time. DESIGN BY: CHICAGO SMALL BUSINESS WEB DESIGN. We can help get money back in your pocket to operate your business and purchase inventory that will sell. For over 12 years, LiquidateNow has successfully completed liquidation sales and the recovery achieved has enabled it to maintain sustainable relationships with manufacturers, sellers and buyers alike. As a business, you run into problems with inventory all the time. SELLING EXCESS INVENTORY is our name andit's our job, so let us help you! However, if for some reason you cant turn a profit on your excess inventory, the next best thing is to get the most you can for your unsold inventory freeing up much-needed space for your next round of inventory. Fees are a flat 9% across all categories plus a small fee to get your products a slot in the auctionthink of it like shelf spacethese are called Scheduling Fee Bids (SFBs) in Tophatter lingo. industry-leading e-commerce technology. The process is straightforward. Our policy is simplesupport customers through our three-pronged approach: Regardless of shape, size, or sum, well buy the items from you. Due to the rising costs of warehousing, FBA fees, and storage, it often doesnt make sense to hold on to unsold or seemingly unsellable inventory (i.e. Tom. Whether you have obsolete inventory that no one cares for anymore, or expired and short-dated product that needs to be sold off quick we can help you! Theres no shortage of items we accept if you need to sell your overstock inventory. While some are exclusive to clothing and accessories, others primarily carry furniture and home goods. It is a good way for smaller businesses that want to set up an online presence. To do this without taking a loss, the bonus item should serve to steer sales toward another item to offset its cost. We have full control of our sales channels, meaning if you want to make sure your product stays off the internet, or even away from a certain geographical region it will. Government platform This approach allows the seller to recapture cash much faster than would be possible selling the same items . While the marketplaces connect you to a buyer, they do not charge fees for this service or intermediate payment. According to her, if you're dealing with slow-moving inventory, it's a good idea to double or triple-expose your merchandise. Place ads for your inventory sales at strategic places on your site. This means having those items in more places in your shop. Plus the buyer pays for the shipping, so you dont have to worry about shipping costs. Benefits of selling your waste, overstock, and damaged inventory. Thus, its best to liquidate inventory. operational Customer returns of clothing, shoes, and accessories are at an all-time high: tens of billions of dollars worth of inventory get returned each year, most of which can't go back on store shelves. Merchandise USA sells closeouts and liquidate inventory. Increasing your profits and also helping you sell more of your overstocked products. Methods for managing overstock range from strategies for preventing overstock from accumulating to tactics for recovering the partial value of overstock. Mom and pop shop owners, flea market vendors, and wholesalers can also benefit from this inventory. J2 sourcing is concerned with providing its vast customers with whatever stock they are looking for. Bundle Overstock Items with Fast-Moving Stock, Sell Overstock Inventory to Increase Your Profit Margins. Inventory liquidators will purchase your overstocked inventory at a discounted price and sell it to their own their network. We offer unique, tailored solutions to every client and you can be assured that we do not disrupt or interfere with your current sales channels and marketplaces. Sincerely. merchandising your products. build SKUs, and There are a few ways you can go about this from a business perspective. We will buy your unsold or excess FBA inventory. This category only includes cookies that ensures basic functionalities and security features of the website. The liquidation process does not have to be stressful, and we assure you that with us, it wont be. It . Disposing of your products is one of the worst options you could choose. To add urgency, you can promote it as a one-day-only flash sale. 1. Leveraging an online marketplace can be a great way for you to not only get rid of excess inventory but to also make new customers. Whatever the case is, if your FBA goods aren't moving, it's critical to remove your inventory as soon as possible! Selling overstock inventory on social media also is a common strategy employed by retailers. training Keep in mind that they are often looking for something specific that they think is going to sell fast. We received a quote within 48 hours, their truck had arrived the very next day, and we received payment by the evening. Because our auctions take place entirely online, bidders can participate . So you may want to set your prices a little higher expecting that you will get lower offers or give lower offers. The submission will be examined to determine your offer and the price will be fixed once the inventory is examined. your profits and grow your During the month of April, Overstock.com Inc's stock price has reached a high of $21.44 and a low of $17.13. Your website provides a ready-made venue for showcasing inventory you want to move and discounts you want to promote. Just be honest about the condition the items are in when you list them, price them accordingly, and watch the sales roll in. Even if you can't move all your overstock inventory this way, you'll have a chance to sell some of it without needing to discount it or give it away. Overstock inventory can be a serious issue for both small and large businesses. All you need is to fill out the given form with the required information and let us know in the additional notes about the stock with any restrictions. What Type of Overstock Inventory Does Closeout Express Accept? Overstock Liquidations. With over 20 years of experience, they help you face every excess electronic component in the most professional way. Get paid immediately via Wire, ACH, Check, or Credit Card, once the product arrives to our warehouse. Fast. if subscribers and unique visitors per month, our current Each one has its built in traffic source and if that customer base isnt interested in what you are selling you may have trouble making sales. While you can sell one off items successfully on Tophatter, its best for high volume. Read our Privacy Policy. Here, you sell closeouts with ease by filling a form that includes images of the stocks. Ready Over the last year, Overstock.com Inc has hit prices as high as $39.24 and as low as $17.05. Other times items may havebecome restricted. Excess Inventory, Closeouts, Surplus, Salvage, Customer Returns, Store Closings, Bankruptcies, Expiration and Date Code Issues, Irregulars, Factory Defects, Seconds Not only do we buy it all, but we PAY OUR BILLS IMMEDIATELY. Subscribe to our Buyers List for Opportunities Today! We review the details and make you an offer to purchase your overstock merchandise. Once we receive it, we will be in touch. Dr. Muddassirhas received a PhD inManagement Science from Lancaster University Management School. One option for selling excess inventory is to remarket it. Free up valuable and expensive warehouse space. Once sales and delivery is completed, you get paid as well. fulfillment, and more on our SELLinventory.com has been in the liquidation business for over 40 years. You have the ability to utilize online marketplaces to sell your excess inventory. Our staff will review your submission details and give you a fair quote within 24 hours. When using them in the right way you will be able to leverage these marketplaces and build a income source out of your overstocked products or reject materials. Once an offer is accepted, you get paid and we handle the rest. Performing Products, 3. This is a year of inventory rationalization for the industry, something that is taking longer than most expected. While every situation is unique, our guarantee to you will remain the same. online sales experience, excellent customer service, Pro Tip: Consignment marketplaces like Poshmark and Mercari allow buyers to make you an offer for less than the amount you asked for. We'll pick up the inventory or have it shipped directly to our facility - while paying you upfront. We work with many wholesale resellers, each having their own specialty. Without any stress or risk involved in a business, you can liquidate inventory from anywhere. It is located at 3021 W. 36th Street, Chicago, IL 60632. If you need to sell overstock inventory, we're the people to call! Payability Instant Access (next-day payouts) and Instant Advance (lump sum of growth capital based on future sales) are both available on Tophatter and serve as tools you can use to increase your selling volume even more. The categories of stocks are appliances, automotive, books, cell phone accessories, commercial assets, general merchandise, sporting goods, among others. Selling No need to buy a pallet of junk and sort it yourself, we've done the heavy . An easy way to automate inventory tracking is to use a point-of-sale system with inventory tracking capability, such as Cin7, or an inventory management app that syncs with popular accounting apps, such as Fishbowl. Overstock items can serve as bonuses offered as incentives or rewards. One of our team members will follow-up with an email or phone call to better discuss your inventory. Online marketplaces already have built in traffic sources. To showcase sales items, make the most of end caps, displays and checkout line shelves. Service Details i-bidder.com is a portal for online trade auctions, covering a range of discounted new . Or maybe marketing costs are too high to get any visibility on Amazon. The process could be Outright purchase or Consignment partnership. When a business no longer has the means or time to sell through their excess inventory, and theyve exhausted all their outlets and resources, they come to us. First provide a proposal stating the kind, state, quantity, location of the item and the motive for liquidating. authorized to outfit U.S. government Take advantage of Overstock's It contains the domain, initial timestamp (first visit), last timestamp (last visit), current timestamp (this visit), and session number (increments for each subsequent session). you'll manage Leveraging an online marketplace can be a great way for you to not only get rid of excess inventory but to . With fees on consignment marketplaces often capping out at 20% with the seller netting 80% of the sale, you do take home less if you sell your unsold inventory to a consignment store. Don't pay for shipping twice. years of Copyright 2023 SCMDOJO, All Rights Just get in touch with us. Liquidation.com is an online auction marketplace. Provide brief information about the inventory, upload image, state your location, wait for its reviewing and receive your full payment as soon as possible and prepare the items for pick-up. The best way to get rid of your excess inventory is to do it in way where its: The only option that checks all the boxes for figuring out where to sell overstock inventory is partnering with us! 2 How to Buy Overstock Items. The categories include anything retail-ready. You will also find 18 Targeted Inventory Reduction Strategies for Supply Chain Professionals useful in reduction excess and obsolete inventory. We buy new and surplus automation equipment from all over the world and Radwell's Asset Recovery Service always provides a FREE freight service for your surplus stock. Tophatter is an ideal marketplace to sell excess inventory. When discounting prices, make sure you keep your prices high enough to maintain a profit margin. After our review, use our Liquidation is the process undertaken by a company that decides to sell its inventory in order to recover a portion of the capital invested in its merchandise. When you run into problems like this you begin to ask yourself where to sell overstock inventory?. Unlike consignment marketplaces where you can list just about anything and the buyer decides to buy it or not, consignment stores may not take all or any of your inventory. These marketplaces allow you to sell inventory online to people in your local area. Just Make It Go Away can serve as yourinventory Liquidator. Well, that is why Computer components are here. Inside your store, where you place items can help move excess inventory. Like consignment marketplaces, new and used items are usually both accepted (depending on the store of course) and priced accordingly. There's no shortage of items we accept if you need to sell your overstock inventory.

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