sell overstock inventory sell overstock inventory

This tactic can work especially well if the overstock item makes a natural fit for the other item. We are able to easily take your excess inventory off of your hands and put it to good use! 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. Showcase Excess Inventory on Your Shelves, 7. Copyright 2023 SCMDOJO, All Rights With warehouses throughout North America, we have the capability and capacity to liquidate and process inventory of all sizes and complexities. You will be able to do something good for your community without losing much profit. It is a good way for smaller businesses that want to set up an online presence. Their professionalism and follow-through in handling the logistics and communication were exceptional! All other products, services, and company names are trademarks, registered trademarks or service marks of their respective owners. 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. Is is also hard to scale. Don't pay for shipping twice. through Overstock Pro. Reserved. One of the goals of SELL Inventory is to help businesses optimize profit by selling off unwanted inventory to inventory buyers. Well, that is why Computer components are here. Another tactic is offering giveaways in raffle contests which serve to bring customers into a store, where they may purchase other items. BoxFox serves the need of those who want to clear excess inventory in a one-time quick transaction. Read our Privacy Policy. 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. We help you enhance your ISO 14001 waste management by shipping less desirable materials overseas, so you can keep . Partnering with Overstock means benefiting from 20+ Overstock is dedicated to making beautiful and comfortable homes accessible by helping customers easily and confidently find just what they want for less. If you have excess inventory that can be retailed, chances are we're interested and will make you a hassle-free offer. Our policy is simplesupport customers through our three-pronged approach: Regardless of shape, size, or sum, well buy the items from you. 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. We'll Look At Just About Anything That Can Be Retailed, We specialize in wholesale liquidation of Amazon FBA obsolete inventory. Once an offer is accepted, you get paid and we handle the rest. Here are 12 ways to move excess items. comfortable Today. We dont re-market product directly. BY Editorial Team. We manage the process of liquidation, completing the product cycle while effectively maximizing our clients return. Get industry-leading advice to help you make confident decisions. Managing inventory can be a difficult job. to Get Provided by Google Tag Manager to experiment advertisement efficiency of websites using their services. Trends, seasonality and the stock market can all influence sales. email Increase your brands Use other digital channels such as email marketing, social media profiles and search engine ads to drive traffic to inventory sale offers. Instead of having your own yard or rummage sale that is limited only to the people in your community, consignment marketplaces take your garage sale nationwide. Just be honest about the condition the items are in when you list them, price them accordingly, and watch the sales roll in. Each marketplaces has its own set restrictions and fees. LiquidateNow is an online platform with vast specialization in liquidating excess and unneeded inventory. Minimize price erosion from markdown inventory, Here are a few reasons why you might chooseSELLING EXCESS INVENTORYas your merchandise liquidation partner. HubSpot sets this cookie to keep track of the visitors to the website. Better prices than what our competitors offer, Easy process, from upfront payments to full transport provision. Adjusting your sales strategy offers another way to move excess inventory. You can minimize costs, take advantage of consumer trends, and . 407 Dominic Court, Franklin Park, IL 60131. options, and enhanced content If your inventory is of interest to us, well send you an offer - and if accepted, a Purchase Order. The categories dealt in are electronic components and it has been in the industry for 30 years. 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. 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. 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. 16 Ways to Reduce Surplus Stock and Sell Overstock Inventory. Overstock inventory is great for businesses looking to bulk buy inventory for their brick-and-mortar locations or online reselling businesses. 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. One, to purchase about 12 of the products we needed to liquidate. This website uses cookies to improve your experience while you navigate through the website. 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. We will buy your unwanted materials and take them off of your hands! If they pay after the sale, they will likely pay you 30-50% of what the item sold for. This helps keep excess inventory from piling up ahead of sales cycles, reducing storage costs in the process. I got cash back that was tried up in inventory I couldn't sell. The second, was to turn the remainder of our inventory over to them on a consignment basis. You have the ability to utilize online marketplaces to sell your excess inventory. In fact, many times we can make it happen in just a matter of hours. 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 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. You can follow him onLinkedIn,Facebook,TwitterorInstagram. streamlined onboarding B2B Online Sales. We can help get money back in your pocket to operate your business and purchase inventory that will sell. For your safety, always meet with buyers in a public place like a coffee shop or shopping mall. Here, you sell closeouts with ease by filling a form that includes images of the stocks. Take the product that you are overstocked on and bundle it together with a product that is selling well. 2. 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. build SKUs, and This way the buyers get great deals on branded products and the retail companies earn some cash to pay off creditors. flexible options and They also have fewer regulations on personal health, wellness and sanitation items that marketplaces are currently limiting to a small number of select sellers. Left unsold, excess items will need to be returned to the supplier or disposed of in some other way which represents a loss. makes selling your products Disposing of your products is one of the worst options you could choose. Kole imports purchases closeouts in the categories of pet supplies, automotive, toys and many more at a wholesale price to buyers. Selling overstock inventory on social media also is a common strategy employed by retailers. Address 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 can remarket it a . Overstock items can serve as bonuses offered as incentives or rewards. An alternative to selling inventory is to donate it to a charity as a tax write-off. Our past history, prior to 1980, was spent as a manufacturer, wholesaler, and retailer. 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. We help you take away the worries. 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! We work with many wholesale resellers, each having their own specialty. Unfortunately, not all liquidation services are worth your time.) 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. When discounting prices, make sure you keep your prices high enough to maintain a profit margin. All Rights Reserved. The longer you hold on to unsold merchandise, the more it costs your business. 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. Of course, they are always in the demands of different components of electronics. partner platform, which We pay up front AND pick it up. It is hard to deal with due to damages, taxation, and insurance. We use targeted marketing to ensure the right people reach our auctions. Once sales and delivery is completed, you get paid as well. 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. . training prices. Described as Best of the Web by Forbes magazine; AAA Closeout is one of the best websites for closeouts and liquidation activities. We service all industries, including manufacturers, wholesalers, retailers, service industries, and more. You could keep marking them down, but they still keep competing against your full-price product. 2. Having filled the form and submitted, a representative will contact you to complete the process. 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. (But make sure to compare your options and check reviews. 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 heavier the discounts, the more . Overstock Liquidations. We'll evaluate your inventory, and then make you a competitive offer. While you wont pay marketplace fees on these sales, selling on local marketplaces can be a significant time commitment. J2 sourcing is concerned with providing its vast customers with whatever stock they are looking for. To sell your inventory is quite easy. To do this without taking a loss, the bonus item should serve to steer sales toward another item to offset its cost. We purchase excess inventory of nearly all categories of finished products and consumer goods. This is a tactic many companies use to help market a slow moving product and get it into the hands of more customers. When things don't sell you are tying up valuable capital and space. Send us your inventory file (preferably a .xls) with as much product details as possible. If only all my vendors operated in such a mannerI have never seen so much accomplished in such a short time. You have excess inventory, and we have the capital, the know-how, and the ability to discretely dissolve through it. Converting Non-Performing Assets into Cash. We received a quote within 48 hours, their truck had arrived the very next day, and we received payment by the evening. Download our Sell to Radwell form here, list the equipment you wish to sell, email your complete list sellto@radwell.com. These cookies do not store any personal information. One of our team members will follow-up with an email or phone call to better discuss your inventory. fulfillment, and more on our Explore real-time dashboards and comprehensive