sell overstock inventory
6 Simple ways to Sell Overstock Inventory. Trends, seasonality and the stock market can all influence sales. In fact, many times we can make it happen in just a matter of hours. There are a few ways you can go about this from a business perspective. Don't forget to include . We are a local Greater Metropolitan ChicagoIL inventory liquidator. Simply put we are buyers of excess inventory. tools. If our offer is accepted, our freight coordinator will arrange for one of our 53 trailers to pick-up from your warehouse, at no charge to you. The longer you hold on to unsold merchandise, the more it costs your business. Overstock Government platform. WE ARE BUYERS OF ALL TYPES OF SPECIALTY AND GENERAL MERCHANDISE, Our company, Selling Excess Inventory, will always pay you promptly and have been buying and selling closeoutsfor over 35years. Tophatter is a discovery marketplace that provides a shopping experience similar to national discount chains like TJ Maxx, where customers browse and shop for deals as entertainment rather than shopping for something specific. 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. It contains the domain, initial timestamp (first visit), last timestamp (last visit), current timestamp (this visit), and session number (increments for each subsequent session). To do this, send a list of your excesses with numbers, codes and necessary details. Our team is comprised of no-nonsense industry veterans, whom have well over 100 years of experience combined, and billions of dollars of products successfully purchased and liquidated. This cookie is installed by Google Analytics. You can remarket it a . By Publisher January 25, 2023 6 Mins Read. 4 Buying and Selling Overstock- A Great Money Making Idea. J2 sourcing is concerned with providing its vast customers with whatever stock they are looking for. To add urgency, you can promote it as a one-day-only flash sale. This cookie is passed to HubSpot on form submission and used when deduplicating contacts. Subscribe to our Buyers List for Opportunities Today! For example, in the case of excess candy, some products might have to be destroyed after they pass their expiration date. Without any stress or risk involved in a business, you can liquidate inventory from anywhere. training You can also make lower offers to Likers or people who have liked your listings that also expire in 24 hours. For more on fees, items that work best, and how to succeed on consignment marketplaces, check out our post on eCommerce selling tips for Tradesy, Poshmark and Mercari. He is aglobal speaker,vloggerandsupply chain industry expertwith 17 years of experience in the Manufacturing Industry in the UK, Europe, the Middle East and South East Asia in various Supply Chain leadership roles. They even called and ask for our invoice for the sold items so they could pay us. One tactic you can use to try and get rid of your overstocked product is product bundling. One of our team members will follow-up with an email or phone call to better discuss your inventory. Were experts at providing the best liquidation services in the industry, by helping you get the most out of your excess inventory! leveraging site wide sales and Selling on Amazon is becoming more and more difficult. Bundle Overstock Items with Fast-Moving Stock, Sell Overstock Inventory to Increase Your Profit Margins. bulkinventorybuyers.com | CSR Design Co. Overstock's initiatives. collect This handy tip is from retail expert Christine Guillot. 4. It has been in operation for 35 years. All other products, services, and company names are trademarks, registered trademarks or service marks of their respective owners. The categories of stocks are appliances, automotive, books, cell phone accessories, commercial assets, general merchandise, sporting goods, among others. Payability, Inc. 2022. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); leading recycler of textile waste, building materials, automotive textiles, and more. Shopping Cart. They were straightforward from the start, and met all deliverables as promised. 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. SoundPEATS True Wireless Bluetooth Earbuds in-Ear Stereo Bluetooth Headphones Wireless Earphones (Bluetooth 5.0, Built-in Mic, Stereo Calls, Total 15 Hours Playtime). From the initial conversation, Jon was very informative of the services they offered, the steps in the process and expectations. First provide a proposal stating the kind, state, quantity, location of the item and the motive for liquidating. It is located at 6931 Arlington Road, Bethesda, MD 20814. Slow inventory movement may reflect a marketing strategy misaligned with your target market. This platform connects buyers and sellers of surplus inventory, returned merchandise,. California, Florida, Illinois, Mississippi, New Jersey, South Carolina, The Only Source of Knowledge, is Experience. Selling overstock inventory on social media also is a common strategy employed by retailers. Just Make It Go Away can serve as yourinventory Liquidator. We use targeted marketing to ensure the right people reach our auctions. On top of the social aspect, local flea markets give online sellers, they also give sellers the opportunity to unload unsold inventory free of marketplace fees and buyers pay upfront in cash. As brands grapple with supply chain issues and excess inventory, there are creative clearance strategies to dispose of surplus stock that can stabilize backend inventory levels and . Skip to navigation Skip to content. Not all customers will be reliable and some may even think they are interested and change their mind at the last second. SELLING EXCESS INVENTORY is our name andit's our job, so let us help you! These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. While every situation is unique, our guarantee to you will remain the same. Excess inventory creates a number of problems that can hurt your business: In these various ways, overstock consumes cash and cuts into profits. 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. No one moves faster than us; Submit an inquiry, receive an offer, have one of our 53 trailers pick-up the inventory, and get paid in-full, all within 24 hours. These platforms also have a social component. Alternately, consider giving every customer who purchases a high-demand item a bonus. Turn your excess inventory into fast, profitable cash for your company! Stop wasting time, money, and effort on excess or obsolete inventory; let us do that. Under Internal Revenue Service (IRS) regulations, corporations generally can donate inventory to any qualified charitable organization. The second, was to turn the remainder of our inventory over to them on a consignment basis. We help you enhance your ISO 14001 waste management by shipping less desirable materials overseas, so you can keep . In todays economy, liquidating inventory is a necessity to survive. They were very easy to work with. Transacting with SELLinventory.com was both easy and seamless, which is a testament to their operational dedication, organization, and communication. Other times items may havebecome restricted. According to her, if you're dealing with slow-moving inventory, it's a good idea to double or triple-expose your merchandise. By using this site, you agree with our use of cookies Privacy. Bulk discounts may entice customers to make larger purchases than intended; a great strategy to sell overstock inventory. Free up valuable and expensive warehouse space. Having filled the form and submitted, a representative will contact you to complete the process. When things don't sell you are tying up valuable capital and space. That compares to a roughly flat result for the S&P 500 . Of course, there are other websites besides the above but they have been carefully selected because of the user-friendly interface that allows for easy navigation, the process, professional skills and years of expertise. The submission will be examined to determine your offer and the price will be fixed once the inventory is examined. While you can sell one off items successfully on Tophatter, its best for high volume. customers are your future customers. Get Excess and Obsolete Inventory Policy, Best Warehouse Assessment & Improvement Tool. We'll evaluate your inventory, and then make you a competitive offer. Buying is our livelihood. Rest assured knowing that well work with you the entire way, providing defacing, repackaging, and other at-risk solutions to secure your inventory in an antonymous outlet. These cookies will be stored in your browser only with your consent. What matters most is that customers feel as if they are getting value or found a bargain. . to Get They made the process of selling our overstock very easy. Good deal. You can reach us by E-mail, Phone, LiveChat, or WhatsApp, 24 hours a day, 7 days a week. bulk commercial and technical Leveraging an online marketplace can be a great way for you to not only get rid of excess inventory but to . Bulk discounts offer a variation on inventory sales which can serve to move larger amounts of items. Having been in business for over thirty years, its platform remains the best channel to sell any excess domestic item. While you wont earn as much per unit as you would from selling to customers, you may be able to salvage part of the value of your inventory which you would otherwise lose. Lots of Auctions helps businesses turn overstock, excess, and outdated inventory into profit. Or problems selling Amazon inventory? Cost is also effectively managed as buyers carry shipping costs but you have to pay 5% transaction fee. To operate on the platform, you have to register as a buyer while you must apply to sell. Liquidate the overstock by selling it to other companies which purchase surplus inventory at discounted rates. As with bonuses, giveaways of overstock items can steer sales toward other items. Rather than incur more inventory carrying cost on excess inventory, there are some practical opportunities to sell and make cash when you liquidate inventory. The warehouse facility of BoxFox is located in Chicago, IL. 3 How to Sell Overstock Items. Call SELLING EXCESS INVENTORY for more info. competitive payment terms that (But make sure to compare your options and check reviews. Overstock retail is only accepting applications for areas related to home goods. To showcase sales items, make the most of end caps, displays and checkout line shelves. 800+ pallets and 40 trailers later our job was done. The business which has been in operation for 33years boasts of a vast network of sellers and buyers but the focus is on stocks in new condition. If they decide to take any of your items, they will either pay you for them upfront or pay you a percentage after the item they accepted sells. if This same cash can be reinvested into your business in order to enable growth. 407 Dominic Court, Franklin Park, IL 60131. If you know any other websites to sell excess and obsolete and would like to share? Performing Products, 3. Excess & Obsolete inventory is the most common problem in supply chain. One option for selling excess inventory is to remarket it. We work with many wholesale resellers, each having their own specialty. 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. We also use third-party cookies that help us analyze and understand how you use this website. The process could be Outright purchase or Consignment partnership. Our experienced team helps us analyze and evaluate inventory opportunities day-and-night, so we can move as quickly as you need us to. A lot of people in . streamlined onboarding merchandising your products. Advantages and Disadvantages of Reverse Logistics, The Advantages and Disadvantages of Excess Inventory. When you take this route you will be able to sell in bulk and make a large chunk of you money back and get these products off of your hands fast. These cookies track visitors across websites and collect information to provide customized ads. While the marketplaces connect you to a buyer, they do not charge fees for this service or intermediate payment. With millions of I work with many vendors in my position, and it was refreshing to work with someone who made things so easy. We will buy your unwanted materials and take them off of your hands! Read our Privacy Policy. Like consignment marketplaces, new and used items are usually both accepted (depending on the store of course) and priced accordingly. Overstock.com (OSTK 1.14%) Q1 2023 Earnings Call . We buy from all over the US as well as internationally. Your brand is everything; treat it as if it is your baby. Shop online deals and find low prices on markdowns and overstocks for items such as electronics, home decor, clothing, kitchen gadgets, and more all year round. Muddassir is a Six Sigma black belt and founded the leading supply chain platform SCMDOJO to enable supply chain professionals andteams to thrive by providing best-in-class knowledge content, tools and access to experts. For example Amazon FBA will return your inventory or destroy it for you for a cost. build SKUs, and For example you can offer 10% off on your order with purchases over $50 or you can offer free shipping on purchases over $50. Left unsold, excess items will need to be returned to the supplier or disposed of in some other way which represents a loss. Available 24/7, we are always on call. potential Overstock is dedicated to making beautiful and There are many reasons why a business might want to find a buyer for their, Helps you turn bad inventory into good money, Here are a few reasons why you might choose. Inside your store, where you place items can help move excess inventory. Due to their unique auction model, products dont get buried in searches and can sell thousands of times a day. Disposing of excess inventory is a lose-lose for everyone and should only be considered if you have exhausted all your options. Create a new and exciting way to attract new customers and you will be rewarded with more sales. SELL inventory has the ability to move inventory discretely offline, without disrupting a clients existing, primary sales channels. 1. We know that time is money and we get things done fast. Why? 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. Contact us, You get paid for your stock and we take it from there, (50% upfront - balance once goods are received), Managing inventory can be a difficult job. Explore real-time dashboards and comprehensive Tell us about your business and If you assemble products in-house, you might have a glut of component pieces. business online. forward. Cash in hand. As your excess inventory buyer, we'll guarantee a fast and simple process. If its not worth it to you to put in the work and set up an online marketplace or sell to an inventory liquidator it may be a good plan to donate excess inventory and just move on. Ship directly to us from any "Fulfillment By Amazon"(FBA) warehouse! Work with a liquidation service -Sell overstock inventory to liquidation services as a quick way to free up space. By clicking Accept, you consent to the use of ALL the cookies. Looking up for an easy operation? SELL inventory has been providing asset recovery services and reverse logistics since 1980. Just Make It Go Away is the top inventory liquidator in the world! Let us know how we can help you liquidate overstock merchandise. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Don't pay for shipping twice. If you need to sell overstock inventory, we're the people to call! LiquidateNow is an online platform with vast specialization in liquidating excess and unneeded inventory. base Bad Credit Business Loans: 5 Best Options, How to Communicate a Price Increase to Customers, 13 Small Business Goals to Implement This Year, How to Create a Business Plan to Succeed in 2023, Build a Small Business Emergency Fund in 8 Steps, Best Ways to Use a Business Loan to Boost Growth, Loans & Grants for Hispanic-Owned Businesses, Inventory Costing Methods: Our Guide of Best Practices, Is the Trucking Business Profitable? Here, you sell closeouts with ease by filling a form that includes images of the stocks. You wont earn as much per unit, but youll sell more items, while building customer relations in the process. When Amazon FBA inventory does not sell, you have a few choices. A simple way to do this is lowering prices on overstock by holding an inventory clearance sale. For the cost of 50 cents each item, Amazon will ship your goods back to you. However, they will take the inventory off your hands right away. Sites such as Liquidation.com help you connect with surplus buyers. The categories are clothing and accessories, computers, industrial tools and machinery, housewares, among others. If you put the items on sale, though, you will increase attention to the product. Benefits of selling your waste, overstock, and damaged inventory. Just made sense. First and foremost, if you aren't already selling your products online, having excess inventory is a great motivator to set up an online store. Managing inventory can be a difficult job. Irrespective of your business structure and size, you can turn sales of excess inventory into a way of generating some income to put back into your business, which is otherwise money stuck in the shape of the product. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. years of You could keep marking them down, but they still keep competing against your full-price product. Expand your professional and government customer We purchase excess inventory of nearly all categories of finished products and consumer goods. 2. within a few weeks B2B Online Sales. Also, strategies such as discounts, bundling, liquidation and tax write-offs can salvage at least part of the overstock value. We make liquidation painless and easy by providing a complete A-to-Z service. your business aligns with Promotions subject to approval. We also provide brand protection services when in need, such as defacing labels and tags, as well as exporting product to other countries and geographical regions. Increase your brands As a business, you run into problems with inventory all the time. In case you are worried about payment. Overstock is dedicated to making beautiful and comfortable homes accessible by helping customers easily and confidently find just what they want for less. To do this without taking a loss, the bonus item should serve to steer sales toward another item to offset its cost. Our easy liquidation process can take some of the stress out of selling your overstock inventory. If you are running out of options you may start to look into donating your excess inventory. High quality inventory - Our lots consist primarily of retail returns often in the original packaging. Your website provides a ready-made venue for showcasing inventory you want to move and discounts you want to promote. Encourage clients to purchase multiple pieces at a discount if they have a severe surplus inventory issue. 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. No matter where you are in the world, or what time it is we are here, ready for opportunity! We were paid both accurately and promptly, and would recommend Jay and his team to anyone who requires their services. Online marketplaces already have built in traffic sources. through Overstock Pro. Liquidation sites sell the products through online auctions or by putting a fixed price on the collection. BY Editorial Team. Selling at a flea market gives online sellers the chance to get out from behind their computers and actually talk to the people buying their products. subscribers and unique visitors per month, our current Whatever the case is, if your FBA goods aren't moving, it's critical to remove your inventory as soon as possible! Let them know you heard about Tophatter from Payability and receive your first $100 in fees for free! Get paid immediately via Wire, ACH, Check, or Credit Card, once the product arrives to our warehouse. We have the ability to move inventory discretely offline, without disrupting a clients existing, primary sales channels. Overstocking products that are not selling well is a burden for any retailer. SoundPEATS True Wireless Bluetooth Earbuds in-Ear Stereo Bluetooth Headphones Wireless Earphones (Bluetooth 5.0, Built-in Mic, Stereo Calls, Total 15 Hours Playtime). This means you can avoid going out-of-stock and missing out on orders and avoid going overstock and having to sell your products at lower price than anticipated and cutting into your margins. Keep in mind that they are often looking for something specific that they think is going to sell fast. Over the last year, Overstock.com Inc has hit prices as high as $39.24 and as low as $17.05. This results in us being able to offer you the best price for your goods. Product liquidators specialize in liquidating all kinds of wholesale merchandise for companies. Well, that is why Computer components are here. While each project had its own set of challenges, Jay was able to navigate through intricate networks to achieve successful resolutions. 1. 3PL Warehouses, Fulfillment Centers, & Cargo Companies, Insurance Salvage Claims, Bankruptcies, & Warehousemans liens. 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. It is hard to deal with due to damages, taxation, and insurance. Use your market research data to help you identify ways you might adjust your selling angle to move more inventory. Read our. When faced with what to do with these items, the ideal scenario is to do what you do best sell them at a profit. This website uses cookies to improve your experience while you navigate through the website. Overstock items can be defined as unsold products in your inventory in volumes that exceed sales projections. The merchants who want to sell overstock inventory and other goods online need to learn how to sell on Overstock. Better prices than what our competitors offer, Easy process, from upfront payments to full transport provision. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. Meanwhile, flexibility and comfort are two factors that cannot be taken for granted when talking about liquidating inventory via online websites. You have the ability to utilize online marketplaces to sell your excess inventory. 1. Disposing of your products is also not environmentally friendly. Sell your damaged, reject and excess products to us and start a partnership with a trustworthy company. Create an employee sale -Discount select overstock items and hold a special employee-only warehouse sale. Get the ball rolling today! We'll give you a fast, & free quote while saving you money and time. 2.2 Next, They Sell The Overstocked Merchandise. That feeling of value doesnt have to hurt seller margins though; Tophatter has a suite of tools and a team of specialists to help sellers get the most out of the auctions. Simple and efficient. With millions of email subscribers and unique visitors per month, our current customers are your future customers. Tophatter is an ideal marketplace to sell excess inventory. begin Started. This process is often mistaken as a last resort turned to by failing and bankrupt companies. Because tax regulations governing inventory donations can be somewhat complex, consult your accounting professional for how to apply them. There are many reasons why a business might want to find a buyer for their overstock merchandise especially when you are competing online. If they pay you upfront, you may only get 10-20% of what they plan to try to sell your items for. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Call today for a free quote (630) 815-3867 and Reserved. You can create an amazon removal order. sell The bigger your eCommerce business gets, the more excess inventory you are likely to have. We are always looking to expand our network and outlets every way possible.
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