By using this site, you agree with our use of cookies Privacy. While some are exclusive to clothing and accessories, others primarily carry furniture and home goods. Increasing your profits and also helping you sell more of your overstocked products. All Rights Reserved. How to Manage Surplus and Overstock Inventory | Lightspeed The categories of inventory include food, chocolate, paper products, housewares, electronics, furniture, and many others. Our Principles are based around straight forward trading. If youre selling at a popular flea market on a beautiful afternoon, you may clear out a lot of your excess inventory and come home with cash, but if the market isnt well-attended or gets rained out, you may have to haul all of your unsold inventory home again. Enjoy dedicated email support and powerful online visibility and reach by Over the last year, Overstock.com Inc has hit prices as high as $39.24 and as low as $17.05. It . When a sale is made, the seller is automatically emailed a prepaid shipping label that you can print out, place on the package, and drop off at USPS, UPS, FedEx or the corresponding location. We'll evaluate your inventory, and then make you a competitive offer. We want to buy your reject materials and consumer products and can arrange pickup from any location. Our staff will review your submission details and give you a fair quote within 24 hours. Provided by Google Tag Manager to experiment advertisement efficiency of websites using their services. It is located at 3021 W. 36th Street, Chicago, IL 60632. We already know that there arent enough hours in the day to get everything done, so why get stressed out and prolong the liquidation process. It is hard to deal with due to damages, taxation, and insurance. All other products, services, and company names are trademarks, registered trademarks or service marks of their respective owners. by Chris Wackerman | Jun 10, 2020 | Overstock Inventory | 0 comments. Within 48 hours of reviewing your inventory, youll receive a WBE offer. opportunities. For the cost of 50 cents each item, Amazon will ship your goods back to you. A Poshmark Seller's Guide to Buying Returned and Overstock Apparel If you assemble products in-house, you might have a glut of component pieces. Excess inventory can pile up for a number of reasons: Granted, some of these issues, such as market and weather conditions, lie outside the control of business owners. 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. Keep in mind that they are often looking for something specific that they think is going to sell fast. These platforms also have a social component. Where To Sell Overstock Inventory - Just Make It Go Away We offer competitive prices for your surplus items, from electronics and hardware and equipment to health and beauty products and other general merchandise. You get paid for your stock and we take it from there (50% upfront - balance once goods are received). Your website provides a ready-made venue for showcasing inventory you want to move and discounts you want to promote. Our motto around here is, we work around the clock so you dont have to. Such excess items are unlikely to be sold without adjusting your marketing and sales strategy through methods such as holding discount sales. We have the experience, know-how, and data to assist you in all of your liquidation needs. We're experts at providing the best liquidation services in the industry, by helping you get the most out of your excess inventory! You may also be doing your own customer service. makes selling your products Expand your professional and government customer Each marketplaces has its own set restrictions and fees. find just what they want for less. The warehouse facility of BoxFox is located in Chicago, IL. Other times items may havebecome restricted. This begins to snowball as store owners lack the funds needed to replace overstock goods with new products and prevents new product releases that could be profitable. 1. This means having those items in more places in your shop. When Amazon FBA inventory does not sell, you have a few choices. The categories are clothing and accessories, computers, industrial tools and machinery, housewares, among others. 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. Put on a Promotion. Unfortunately, not all liquidation services are worth your time.) Or maybe marketing costs are too high to get any visibility on Amazon. Below, the websites links, process, year of expertise, among others are considered. Overstock happens when unsold inventory accumulates in volumes that exceed sales projections. The categories of stocks are appliances, automotive, books, cell phone accessories, commercial assets, general merchandise, sporting goods, among others. 6 Simple ways to Sell Overstock Inventory. Amazon Outlet | Overstock Deals These marketplaces allow you to sell inventory online to people in your local area. Ready We work with the courts, assignees, and creditors by purchasing a businesss inventory to help aid in paying off remaining debts and creditors. Copyright. . 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. promotions, Available 24/7, we are always on call. Easy. We Buy Excess has been providing asset recovery and inventory liquidation solutions to small, medium, and large businesses for over the past 30 years. Everything You Need to Know about eBay Managed Payments, Proactive Steps To Protect Your Online Business In The Long Run, discovery shopping and what sells best on discovery marketplaces, eCommerce selling tips for Tradesy, Poshmark and Mercari, Why Cash Conversion Is Key for Amazon Sellers During the Holidays - Random Amazon, Why Cash Conversion Is Key for Amazon Sellers During the Holidays - Random Review. Slow inventory movement may reflect a marketing strategy misaligned with your target market. These cookies track visitors across websites and collect information to provide customized ads. "Smooth and easy. Were experts at providing the best liquidation services in the industry, by helping you get the most out of your excess inventory! 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? The more goods are purchased, the larger the discount becomes. You can bank on the busts of retailers and . Read our Privacy Policy. Bulk discounts may entice customers to make larger purchases than intended; a great strategy to sell overstock inventory. that help you optimize marketing and drive business Other times items may havebecome restricted. 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. While every situation is unique, our guarantee to you will remain the same. Promotions subject to approval. Thanks to consistent technological advancement, it is now possible to sell any inventory from any part of the world. Overstock Liquidations. This has been the engagement in the past 13 years. you'll manage We can help get money back in your pocket to operate your business and purchase inventory that will sell. 2. Disposing of your products is one of the worst options you could choose. Necessary cookies are absolutely essential for the website to function properly. 12 Ways to Sell Overstock Inventory | Fast Capital 360 Inventory Reduction - LotsofAuctions.com Get the ball rolling today! First provide a proposal stating the kind, state, quantity, location of the item and the motive for liquidating. Copyright 2023 SCMDOJO, All Rights Easily expand your customer base Overstock, Excess, Obsolete Inventory Buyers - WeBuyExcess Get industry-leading advice to help you make confident decisions. Overstock items can be defined as unsold products in your inventory in volumes that exceed sales projections. Before you consider selling your excess inventory through a thrift store, look at what they carry first and see if your items are a good fit. This way the high-demand item then can drive sales of the overstock item, which is included with it at a reduced price but still high enough to turn a profit. Adjust the way you showcase and price your overstock inventory. 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. Our most popular categories include home goods, toys, pet products, beauty, gift sets, and short-dated food. What Type of Overstock Inventory Does Closeout Express Accept? Contact us before your FBA inventory is shipped back to you. customers are your future customers. . if We are always looking to expand our network and outlets every way possible. These cookies do not store any personal information. Subscribe to our Buyers List for Opportunities Today! Whether you need an inventory liquidation due to an oversupply or end-of-life inventory management, well help you sell excess inventory and generate business cash. Submit youre your inventory through our liquidation form with as much detail and information as possible. Overstock.com Inc's ( OSTK) price is currently down 0.69% so far this month. As a business, you run into problems with inventory all the time. What Is Overstocking? 7 Causes and Consequences - Shopify Top Liquidation and Clearance Websites for eBay and Amazon Sellers. broad Unlike selling online where anyone can see your listing regardless of where they live, local flea markets only allow you to sell to people in your area who show up at the flea market. We will buy your unwanted materials and take them off of your hands! Some of the products which you can put up for sale on the website includes earphones and music accessories, branded shoes, home sound equipment, fashion shoes, mobile accessories, and backpacks. Save my name, email, and website in this browser for the next time I comment. One tactic you can use to try and get rid of your overstocked product is product bundling. Ship directly to us from any "Fulfillment By Amazon"(FBA) warehouse! If you have a local flea or farmers market in your area where you could get a physical storefront cheaply, you may want to consider setting up shop. J2 sourcing is concerned with providing its vast customers with whatever stock they are looking for. Where to Sell Your Unsold Inventory - Payability With the inventory carrying costs that may eat up the capital gain of every business, no one likes the burden of excess inventory. If youre a good fit, the next step is usually to bring your items to the shop in person for them to look at and decide what they want. Tell us about your business and We have a tremendous amount of experience in the manufacturing, retail, and wholesale markets, and understand close-outs, customer returns, surplus, excess stock, salvage, and dwindling and discontinued products better than anyone else in the industry. Promotions and discounts pique people's interest to grab their gaze with a creative and appetizing sale. Our past history, prior to 1980, was spent as a manufacturer, wholesaler, and retailer. Selling on Amazon is becoming more and more difficult. Their ability to handle and process large volumes of inventory promptly and accurately, set them apart from the competition. For your safety, always meet with buyers in a public place like a coffee shop or shopping mall. This approach allows the seller to recapture cash much faster than would be possible selling the same items . Running or starting a new promotion where you showcase your a new product or your overstocked product can be a great way to improve sales store wide. Fast!". 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. Simply put we are buyers of excess inventory. This is a tactic many companies use to help market a slow moving product and get it into the hands of more customers. We will buy your unsold or excess FBA inventory. All rights reserved. If you need cash for your excess inventory quickly, you can avoid the bother of auctions by selling to a surplus inventory liquidator like Merchandise USA. Turn your excess inventory into fast, profitable cash for your company! If only all my vendors operated in such a mannerI have never seen so much accomplished in such a short time. 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 you have friends, family or a nearby shelter that could use your overstocked or damaged goods this may be a good idea. Your brand is everything; treat it as if it is your baby. Sell your damaged, reject and excess products to us and start a partnership with a trustworthy company. One of the goals of SELL Inventory is to help businesses optimize profit by selling off unwanted inventory to inventory buyers. Automating your inventory tracking can provide you with the data you need to give you an early warning signal before overstock gets out of hand. When you run into problems like this you begin to ask yourself where to sell overstock inventory?. Started. collect years of 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. Skip to navigation Skip to content. Very professional and accommodating. Buying is our livelihood. Buyers of Overstock Inventory. Save time - We also sell sorted customer returns pallets in over 40 different sorting categories. That compares to a roughly flat result for the S&P 500 . When this is the case, you may be able to improve your sales by changing elements of your marketing approach, such as which benefits youre emphasizing, who youre selling to or what keywords youre using to reach your buyers. We make liquidation painless and easy by providing a complete A-to-Z service. Inventory into Capital, quickly and hassle-free. prices. subscribers and unique visitors per month, our current Use other digital channels such as email marketing, social media profiles and search engine ads to drive traffic to inventory sale offers. While every situation is unique, our guarantee to you will remain the same. If you put the items on sale, though, you will increase attention to the product. Kole imports purchases closeouts in the categories of pet supplies, automotive, toys and many more at a wholesale price to buyers. Converting Non-Performing Assets into Cash. operational tools. For example Amazon FBA will return your inventory or destroy it for you for a cost. However, even if your business is booming and operations are running smoothly, liquidation is . The process is straightforward. 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. This is one of the fastest and most effective ways to figuring out where to sell overstock inventory. Place ads for your inventory sales at strategic places on your site. needs, Overstock Overstock.com, Inc. (NASDAQ:NASDAQ:OSTK) Q1 2023 Earnings Conference Call April 27, 2023 8:30 AM ETCompany ParticipantsLavesh Hemnani - Head of Investor RelationsJonathan Johnson - Chief. Why? All rights reserved. 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. next overstock sale. You could keep marking them down, but they still keep competing against your full-price product. Pro Tip: Consignment marketplaces like Poshmark and Mercari allow buyers to make you an offer for less than the amount you asked for. Jay and Jon were fantastic to work with and bring a wealth of knowledge, as well as a large professional network. Managing inventory can be a difficult job. Our policy is simplesupport customers through our three-pronged approach: Regardless of shape, size, or sum, well buy the items from you. We know that time is money and we get things done fast. Liquidating Old and Surplus Inventory: 11 Smart Ways to Get Rid of As your excess inventory buyer, well guarantee a fast and simple process. Try to select a place close to your home that you can get to and from quickly so you dont have to go so far out of your way should a buyer decide not to buy at the last minute or fails to show up. The categories dealt in are electronic components and it has been in the industry for 30 years. If you are running out of options you may start to look into donating your excess inventory. I got cash back that was tried up in inventory I couldn't sell. Overstock's initiatives. It would then be marketed to a singular buy-all individual. The liquidation process does not have to be stressful, and we assure you that with us, it wont be. While we sell overstock inventory and do inventory liquidation, we do not handle clothing, food, toys, kitchen accessories, or other items. When things don't sell you are tying up valuable capital and space. The merchants who want to sell overstock inventory and other goods online need to learn how to sell on Overstock. Meanwhile, flexibility and comfort are two factors that cannot be taken for granted when talking about liquidating inventory via online websites. partner platform, which For international deals, email us at selltous@resapower.com or 408-467-2222. 3 How to Sell Overstock Items. We'll give you a fast, & free quote while saving you money and time. Get paid upfront for your surplus merchandise! This website uses cookies to improve your experience while you navigate through the website. Sell Your Overstock and Excess Inventory Apply to get daily payments and capital for your growing business in as fast as one business day. LiquidateNow is an online platform with vast specialization in liquidating excess and unneeded inventory. 2 How to Buy Overstock Items. Merchandise USA sells closeouts and liquidate inventory. beautiful eye catching paid ad placements. 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. Asset Management - Solving Excess, Obsolete, Slow Moving Inventories training Sell online. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); leading recycler of textile waste, building materials, automotive textiles, and more. make it easy to Hence, it is also a platform for sellers who are looking for platforms to liquidate inventory. 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. Their professionalism and follow-through in handling the logistics and communication were exceptional! Ultimately, effective overstock inventory management leads to a smarter, more efficient approach to stocking and selling products. The bigger your eCommerce business gets, the more excess inventory you are likely to have. revolutionary forward. Product Liquidators is an experienced and reliable company that helps people and companies who have excess bulk inventory, overstock items, or closeout merchandise to sell. SELLinventory.com has been in the liquidation business for over 40 years. Sincerely. Sell Your Excess Inventory & Merchandise - Bulk Inventory Buyers 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. HubSpot sets this cookie to keep track of sessions and to determine if HubSpot should increment the session number and timestamps in the __hstc cookie. You may be wondering if selling excess inventory here with us is even possiblechances are, it is! We work with many wholesale resellers, each having their own specialty. Our fast, easy process is designed to respect your time and solve your challenging problems. Excess inventory creates a number of problems that can hurt your business: In these various ways, overstock consumes cash and cuts into profits. 407 Dominic Court, Franklin Park, IL 60131. The longer you hold on to unsold merchandise, the more it costs your business. 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. Reserved. Let us consider 12 websites in which you can liquidate the inventory and turn it into cash without stress. How to Liquidate Amazon FBA | Selling Excess Inventory You will not be disappointed. We buy anything and everything, including [but not limited to] apparel, as seen on tv, bedding, beverages, cosmetics, detergent, food, footwear, general merchandise, hair care, health and beauty aids, housewares, impulse, kitchen, licensed goods, and so on. Getting into the e-commerce space is a great way to start to scale your business and make your business more profitable. Is is also hard to scale. 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. 3.1 and More. begin Smooth and easy. bulkinventorybuyers.comexcessinventorybuyers.comliquidateinventory.netproductliquidators.combulkcloseouts.com, HOMEWHAT WE DOABOUT USBLOGF.A.Q.CONTACT US. SELL inventory has been providing asset recovery services and reverse logistics since 1980. If you choose a local marketplace it takes time to meetup with someone and to communicate with the customer a time and place. Don't pay for shipping twice. While you dont have to accept a lower price, this is a common practice. Many retailers prefer to sell off their overstock inventory of a particular item in a single transaction to another business. Just Make It Go Away is proud to be an environmental friendly business as we promote reducing waste and making the most out of what we already have! Bundle Overstock Items with Fast-Moving Stock, Sell Overstock Inventory to Increase Your Profit Margins. 3PL Warehouses, Fulfillment Centers, & Cargo Companies, Insurance Salvage Claims, Bankruptcies, & Warehousemans liens. Encourage clients to purchase multiple pieces at a discount if they have a severe surplus inventory issue. You can liquidate inventory fast and make cash on the right websites. SoundPEATS True Wireless Bluetooth Earbuds in-Ear Stereo Bluetooth Headphones Wireless Earphones (Bluetooth 5.0, Built-in Mic, Stereo Calls, Total 15 Hours Playtime). We are able to easily take your excess inventory off of your hands and put it to good use! Looking up for an easy operation? Create a new and exciting way to attract new customers and you will be rewarded with more sales. through the They made the process of selling our overstock very easy. 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. A broad mix of categories perform well, from home to health and beauty to electronics to consumables, the list goes on. You will be able to do something good for your community without losing much profit. Under Internal Revenue Service (IRS) regulations, corporations generally can donate inventory to any qualified charitable organization. When you are looking for a way to liquidate inventory via auction, Liquidation is the place to be. Payability, Inc. 2022. Call Us: (224) 567-6030. . Qualifications subject to change. Just be sure to make it clear that the item is new so buyers immediately recognize the value they are getting. Four Ways to Sell Overstock Inventory | ZhenHub Call SELLING EXCESS INVENTORY for more info. Partnering with an inventory liquidator can be the most beneficial thing you can do to get the most use and profit out of your overstock inventory. bulk commercial and technical We service all industries, including manufacturers, wholesalers, retailers, service industries, and more. So there is no waiting to get paid for what you sell. We will buy your unwanted materials and take them off of your hands! To operate on the platform, you have to register as a buyer while you must apply to sell. Before Amazonfees to ship and warehouse your merchandise become too high for you to make money. Selling overstock inventory on social media also is a common strategy employed by retailers. You also have the option to opt-out of these cookies. 3. HubSpot sets this cookie to keep track of the visitors to the website. Make More Room for 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 the past 40 years, SELL inventory has been the industry leader for all consumer goods inventory liquidations. The problem of slow-moving and excess inventory happens with most of the retailers. 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. This process is often mistaken as a last resort turned to by failing and bankrupt companies. So if you have a toy, for example, that was returned with the packaging open or damaged, shoes that are missing the box or clothing thats missing the tags, they are fair game to list on these marketplaces. Let them know you heard about Tophatter from Payability and receive your first $100 in fees for free! customers If youre not sure what works best for you or your inventory, but have a bunch of excess items you are looking to move, give two or more of these a try until you find what works for you. 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. Overstock.com, Inc. (OSTK) Q1 2023 Earnings Call Transcript Below we will explore some key places eCommerce businesses have successfully sold their excess inventory. 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.