Regardless of whether you own an eCommerce site, a brick-and-mortar retail store, or a small booth at your local flea market, buying the goods you sell in bulk is perhaps at the heart of your business model. Buying all sorts of products in bulk means that you can receive these items at a price either at or well below market value. In exchange, you can sell these products at a higher price, with a respectable margin, and finally, make a profit.
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So, if you run a retail business of any kind, do you know that perhaps the best way to source your inventory is through wholesale liquidation sales? There are several vendors on wholesale platforms like SeeBiz that put out amazing liquidation sales. You can easily find bargain deals on items you need and sell them for considerable profits through this type of sale. Below, in this informative article, we’ll go over wholesale liquidation, how your retail business can benefit from it, and help you take your company to the next level.
What Is Wholesale Liquidation?
In a nutshell, wholesale liquidation is when you purchase large quantities of clearance or liquidation merchandise in order to increase your business’s profit margins and save time. Whether you own a small apparel shop in your neighborhood or you run an eCommerce shop on an online marketplace like Amazon or eBay, wholesale liquidation sales can keep your inventory full at all times. But, what exactly are wholesale liquidation sales?
Liquidation sales usually occur when a retail establishment or a business closes its doors and is left with tons of inventory. Nevertheless, this doesn’t necessarily mean that the given company is going out of business. Sometimes, a company liquidates its inventory because they’re moving locations and don’t want to deal with transporting and safeguarding vast amounts of perfectly usable stock. Liquidated goods usually come in brand-new condition in their original packages and with their original price tags.
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Clearance sales, or overstock sales, on the other hand, are products that need to be cleared out to make room for new inventory in stores. This type of sale can also pop up when businesses receive too much merchandise and need to sell it to get their money back.
Shoulder to shoulder, however, liquidation wholesalers are often the better deals for your business. This is because when companies liquidate their inventory, every last item must go, so they are ready to drop their prices just to clear up their shelves significantly.
Moreover, many gigantic corporation retailers, like Target, Walmart, Big Lots, and more, are known for their liquidation and clearance sales, so keep your eye out for Target’s truckloads or Walmart’s liquidation merchandise to bring in some big bucks to your business.
How Can Your Business Benefit From Wholesale Liquidations?
As you can guess, there are numerous reasons why you might want to purchase wholesale liquidation merchandise to fuel your retail business. Some of the top advantages of wholesale liquidation items include the following:
Higher Profit Margins
The most significant benefit of purchasing wholesale merchandise is that it can undoubtedly help you increase your profit margins. When you are buying a truckload of liquidation merchandise, you’re practically sourcing inventory directly from a merchandiser who offers more considerable savings when compared to buying a pallet or two of goods.
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Lowered Shipping Costs
Another cost-saving advantage of wholesale liquidations is that you can also considerably lower your shipping costs. This way, if you source directly from a major retailer, you can get entire truckloads of inventory. And when a truck is fully loaded with products, it means that all the merchandise ships simultaneously, which is way more cost-efficient than purchasing a single pallet from multiple retailers.
You’ll Get Exclusive Untouched Merchandise
Customers usually don’t want to buy used, previously opened, or damaged goods. As a retail businessman yourself, you should know that you can get brand-new goods at a fraction of their regular purchasing cost when you source your products through wholesale liquidation deals. In addition, you won’t have to worry about a prospective middleman cherry-picking through the products and reducing their original value.
Top Quality Merchandise
And since wholesale liquidation goods always come untouched, they maintain their top-quality and brand-new charm. You can have peace of mind knowing that the wholesale goods you buy from these businesses are always in excellent condition because there are no intermediaries going through the merchandise before you.
If done correctly, wholesale liquidation deals can be extremely rewarding and profitable. As there are tons of benefits to purchasing wholesale goods for your retail business, source your next inventory batch from a renowned wholesaler and increase your profits and success.