We accept just about any type of overstock inventory. While you wont pay marketplace fees on these sales, selling on local marketplaces can be a significant time commitment. For your safety, always meet with buyers in a public place like a coffee shop or shopping mall. During the month of April, Overstock.com Inc's stock price has reached a high of $21.44 and a low of $17.13. Many retailers prefer to sell off their overstock inventory of a particular item in a single transaction to another business. You wont earn as much per unit, but youll sell more items, while building customer relations in the process. Also, strategies such as discounts, bundling, liquidation and tax write-offs can salvage at least part of the overstock value. Finally, in the case of perishable and time-sensitive goods, overstocking means risking expiration and product obsolescence. Apply to get daily payments and capital for your growing business in as fast as one business day. Call Us: (224) 567-6030. . collect products at competitive Overstocking products that are not selling well is a burden for any retailer. 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. 1. By Publisher January 25, 2023 6 Mins Read. Place ads for your inventory sales at strategic places on your site. California, Florida, Illinois, Mississippi, New Jersey, South Carolina, The Only Source of Knowledge, is Experience. Due to their unique auction model, products dont get buried in searches and can sell thousands of times a day. Overstock Government platform. 16 Ways to Reduce Surplus Stock and Sell Overstock Inventory. I got cash back that was tried up in inventory I couldn't sell. by Chris Wackerman | Jun 10, 2020 | Overstock Inventory | 0 comments. Knowing how to sell overstock inventory can keep revenue flowing and prevent cash crunches. Hence, it is also a platform for sellers who are looking for platforms to liquidate inventory. Liquidation.com is an online auction marketplace. No need to buy a pallet of junk and sort it yourself, we've done the heavy . We purchase excess inventory of nearly all categories of finished products and consumer goods. Not only do we understand your products, but we understand your situation, and how to best navigate it while providing the most practical and effective solutions. Sell online. 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. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. Save time - We also sell sorted customer returns pallets in over 40 different sorting categories. Not only would you be getting rid of your products and not making any money, you often have to pay for the disposal. One of our team members will follow-up with an email or phone call to better discuss your inventory. Call us at (646) 494-8675 or email sales@payability.com. The submission will be examined to determine your offer and the price will be fixed once the inventory is examined. We will buy your unwanted materials and take them off of your hands! While flea markets and local marketplaces come free of marketplace fees and buyers pay in cash upfront, they also come with a larger time commitment and sales are limited to the people in your area. 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. This results in us being able to offer you the best price for your goods. Because tax regulations governing inventory donations can be somewhat complex, consult your accounting professional for how to apply them. Managing inventory can be a difficult job. We pay in full, via wire-transfer, on receipt of goods, at any one of our warehouse locations. One option for selling excess inventory is to remarket it. Because our auctions take place entirely online, bidders can participate . These cookies will be stored in your browser only with your consent. 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. that help you optimize marketing and drive business Our motto around here is, we work around the clock so you dont have to. Inventory Management Partners has been adeptly managing clients' Inactive, Excess Obsolete (IOS) material for over 13 years. HubSpot sets this cookie to keep track of the visitors to the website. Like consignment marketplaces, new and used items are usually both accepted (depending on the store of course) and priced accordingly. Work with a liquidation service -Sell overstock inventory to liquidation services as a quick way to free up space. We offer competitive prices for your surplus items, from electronics and hardware and equipment to health and beauty products and other general merchandise. We buy: Apparel including Clothing and Accessories, Beauty including Makeup Cosmetics, Creams, Lotions, Serums, and Soaps, Food Items including Candy, Canned Foods, Cereals, Confectionaries, Chocolate, Condiments, Dressings, Oils and Vinegars, Pasta, Cookies, Beverages, Coffee, Juices, and Snack Foods, Electronics, Detergents, Furniture, Handbags, Luggage, Plastics, Gifts, Pet Supplies, General Merchandise, Craft, Toys, Garden, Sporting Goods, Seasonal, Home Goods, Housewares, Kitchenware and Gadgets, Bed and Bath, Paper Products, Footwear, Hardlines, Softlines, Textiles, Auto; basically anything youd find in your typical big-box Super Center store. 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. We dont re-market product directly. Tell us about your business and Contact us before your FBA inventory is shipped back to you. Were not some new pop-up shop; weve been at this for decades.With over 100 years combined in the liquidation industry, theres a good chance weve had product similar to yours (if not exact), and know its true value. find just what they want for less. For international deals, email us at selltous@resapower.com or 408-467-2222. If youre a retailer looking for unheard of growth and margin, we are the merchandise liquidators you need to call. All rights reserved. All rights reserved. Why? Whether youre a big box store, a regional chain, or even a flea marketer looking for an opportunity buy, please e-mail us to be added to our affiliate list! industry-leading e-commerce technology. Were experts at providing the best liquidation services in the industry, by helping you get the most out of your excess inventory! email 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. 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. You can also make lower offers to Likers or people who have liked your listings that also expire in 24 hours. Government platform You can continue to pay the rising FBA fees and discount the price heavily in the hope that the merchandise will sell quickly. If you're a crafty business owner and your product isn't seasonal, you have an advantage here. Rather than incur more inventory carrying cost on excess inventory, there are some practical opportunities to sell and make cash when you liquidate inventory. They were straightforward from the start, and met all deliverables as promised. Stop wasting time, money, and effort on excess or obsolete inventory; let us do that. 3. 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. Liquidate the overstock by selling it to other companies which purchase surplus inventory at discounted rates. Sometimes you have a surplus of inventory, or you receive reject or damaged materials. We buy excess inventory of all kinds. Pivot to new products. Through calls or filling of form on the site, you are good to go. It is hard to deal with due to damages, taxation, and insurance. Year to date, Overstock.com Inc's stock is down 65.89%. So there is no waiting in line to pay for shipping. The categories of stocks are appliances, automotive, books, cell phone accessories, commercial assets, general merchandise, sporting goods, among others. If only all my vendors operated in such a mannerI have never seen so much accomplished in such a short time. 3. Overstock items can serve as bonuses offered as incentives or rewards. 3. Disposing of your products is one of the worst options you could choose. Whatever the case is, if your FBA goods aren't moving, it's critical to remove your inventory as soon as possible! By conducting an inventory audit early in the process, you'll know exactly how much additional inventory to order from your suppliers. The channels are open to both new and used items. revolutionary Started. prices. Our fast, easy process is designed to respect your time and solve your challenging problems. Tophatter is an ideal marketplace to sell excess inventory. This is often a welcome break from the isolation that can come from running a business out of your home. Alternately, consider giving every customer who purchases a high-demand item a bonus. Jay and Jon were fantastic to work with and bring a wealth of knowledge, as well as a large professional network. A variation on discounting overstock items is bundling them with other products which are selling better. After our review, use our Increase your brand and product visibility through Your brand is everything; treat it as if it is your baby. Bing Ads sets this cookie to engage with a user that has previously visited the website. We also work directly with businesses in pre-planning of a bankruptcy. B Stock supply provides an auction platform for reputable sellers and business-oriented prospective buyers. From the initial conversation, Jon was very informative of the services they offered, the steps in the process and expectations. So you are at the mercy of foot traffic and the overall popularity of the flea market. 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 layout of a store can impact how customers encounter (or do not encounter) the items in your inventory. It is located at 18 Durham Way, Heathpark, Honiton, Devon, EX 14 1SQ, England. This means having those items in more places in your shop. broad Overstock happens when unsold inventory accumulates in volumes that exceed sales projections. First provide a proposal stating the kind, state, quantity, location of the item and the motive for liquidating. Payability, Inc. 2022. Selling overstock inventory on social media also is a common strategy employed by retailers. An alternative to selling inventory is to donate it to a charity as a tax write-off. 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. Very professional and accommodating. The point is, you trying to give people incentive to purchase more items from your store at one time. Other times items may havebecome restricted. If you know any other websites to sell excess and obsolete and would like to share? Overstock retail is only accepting applications for areas related to home goods. . The more goods are purchased, the larger the discount becomes. Sell Overstock Inventory to Increase Your Profit Margins. through Overstock Pro. 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. Their coordination of the entire project was nearly perfect. To operate on the platform, you have to register as a buyer while you must apply to sell. simple and easy. The process could be Outright purchase or Consignment partnership. Methods for managing overstock range from strategies for preventing overstock from accumulating to tactics for recovering the partial value of overstock. 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. 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.
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