content that makes it easy It is located at 6931 Arlington Road, Bethesda, MD 20814. The merchants who want to sell overstock inventory and other goods online need to learn how to sell on Overstock. The process involves several options. Converting Non-Performing Assets into Cash. By using this site, you agree with our use of cookies Privacy. How to Conduct an Inventory Audit for Your E-commerce Business So there is no waiting to get paid for what you sell. Call today for a free quote (630) 815-3867 Before Amazonfees to ship and warehouse your merchandise become too high for you to make money. However, they will take the inventory off your hands right away. However, they will take the inventory off your hands right away. 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. If so, developing new products can be a smart way to sell overstock inventory. Government platform Cash in hand. Adjusting your sales strategy offers another way to move excess inventory. Contact us before your FBA inventory is shipped back to you. This cookie is installed by Google Analytics. 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. Bulk Inventory Buyers, Inc. is in the business of helping people and companies who have excess inventory or closeout merchandise. This handy tip is from retail expert Christine Guillot. So you may want to set your prices a little higher expecting that you will get lower offers or give lower offers. 3.1 and More. Fast. Well, there is no request for an upfront fee. This same cash can be reinvested into your business in order to enable growth. Free up valuable and expensive warehouse space. We also believe in presenting you a fair and competitive offer for your products . . The bigger your eCommerce business gets, the more excess inventory you are likely to have. Having been in business for over thirty years, its platform remains the best channel to sell any excess domestic item. You will also find 18 Targeted Inventory Reduction Strategies for Supply Chain Professionals useful in reduction excess and obsolete inventory. We help you take away the worries. Selling on Amazon is becoming more and more difficult. if Dr MuddassirAhmedis the Founder & CEO of SCMDOJO. leveraging site wide sales and You could also schedule a pickup. Or maybe marketing costs are too high to get any visibility on Amazon. Overstock Liquidation Buyer | Selling Excess Inventory? | Illinois Get paid upfront for your surplus merchandise! We buy all types of products in small, large or bulk quantities. SELL inventory has been providing asset recovery services and reverse logistics since 1980. orders, We have the experience, know-how, and data to assist you in all of your liquidation needs. Explore real-time dashboards and comprehensive opportunities. make it easy to You can also make lower offers to Likers or people who have liked your listings that also expire in 24 hours. Challenges and Opportunities, 8 Workplace Trends in 2023 (Plus How to Adapt to Them), 10 Leading Business Trends in 2023 to Watch, Calculate Your Payments and Total Cost of Borrowing, Advice and Answers for Small Business Entrepreneurs, Purchasing inventory that doesnt get sold wastes valuable financial resources, diminishing your, Storing excess inventory wastes space and money, Keeping overstock takes up shelf space which could be used for profitable items, Paying to return excess inventory costs money, Overstocking perishable items risks having to destroy merchandise at a loss, Miscalculations of consumer demand can lead to excess stocking, Changing market conditions or weather may lower consumer demand or alter purchasing habits, Shipment delays may cause items to arrive out of sync with sales demand cycles, Technical issues such as poor inventory tracking systems may make inventory levels difficult to monitor and manage, Returns may cause inventory to accumulate, Better inventory management tracking to keep overstock from accumulating, Adjusting marketing and sales tactics to accelerate sales to customers, Recovering partial value of inventory through liquidation, Disposing of inventory without selling it in ways that indirectly increase revenue or reduce expenses. California, Florida, Illinois, Mississippi, New Jersey, South Carolina, The Only Source of Knowledge, is Experience. through the If your inventory is of interest to us, well send you an offer - and if accepted, a Purchase Order. The submission will be examined to determine your offer and the price will be fixed once the inventory is examined. As your excess inventory buyer, we'll guarantee a fast and simple process. This is a year of inventory rationalization for the industry, something that is taking longer than most expected. Promotions and discounts pique people's interest to grab their gaze with a creative and appetizing sale. Qualifications subject to change. We Buy Excess has been providing asset recovery and inventory liquidation solutions to small, medium, and large businesses for over the past 30 years. It is located at 18 Durham Way, Heathpark, Honiton, Devon, EX 14 1SQ, England. Our online auctions provide an excellent solution for businesses looking to sell a lot of inventory fast. We received a quote within 48 hours, their truck had arrived the very next day, and we received payment by the evening. Inside your store, where you place items can help move excess inventory. by Chris Wackerman | Jun 10, 2020 | Overstock Inventory | 0 comments. 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. For example, you can run a buy one, get one free sale. through Overstock Pro. 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. The challenge with this is again you are having to handle the direct to consumer customer service issues and small quantities. What matters most is that customers feel as if they are getting value or found a bargain. Your brand is everything; treat it as if it is your baby. Keep in mind that they are often looking for something specific that they think is going to sell fast. 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. Sell nonperforming stock, excess inventory, deadstock overstock, and obsolete products in one shot, immediately. Kole imports is located at 24600 Main Street Carson, CA 90745. partner platform, which Kole imports is located at 24600 Main Street Carson, CA 90745. SoundPEATS True Wireless Bluetooth Earbuds in-Ear Stereo Bluetooth Headphones Wireless Earphones (Bluetooth 5.0, Built-in Mic, Stereo Calls, Total 15 Hours Playtime). If you put the items on sale, though, you will increase attention to the product. Save time - We also sell sorted customer returns pallets in over 40 different sorting categories. Why Overstock.com Inc's (OSTK) Stock Is Up 11.40% | AAII Performing Products, 3. DOJO Ventures FZE, Technohub 1 - Dubai. The process is straightforward. We can help get money back in your pocket to operate your business and purchase inventory that will sell. Today. 407 Dominic Court, Franklin Park, IL 60131. Product expiration. Now that you have a few ideas of places to sell your unsold inventory its time to weigh the pros and cons of each and decide which works best for you and your inventory. Now it's time to break down the best ways to get rid of all that excess inventory. prices. You wont earn as much per unit, but youll sell more items, while building customer relations in the process. You can bank on the busts of retailers and . One, to purchase about 12 of the products we needed to liquidate. Our past history, prior to 1980, was spent as a manufacturer, wholesaler, and retailer. Usually, there has to be a form of partnership that shows that until sold, the ownership title belongs to the seller even though they are physically stored at J2. 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. Address If you know any other websites to sell excess and obsolete and would like to share? They also have fewer regulations on personal health, wellness and sanitation items that marketplaces are currently limiting to a small number of select sellers. 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. 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. 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. Slow inventory movement may reflect a marketing strategy misaligned with your target market. You may also be doing your own customer service. Rather than incur more inventory carrying cost on excess inventory, there are some practical opportunities to sell and make cash when you liquidate inventory. B Stock supply provides an auction platform for reputable sellers and business-oriented prospective buyers. Looking up for an easy operation? B2B Online Sales. How to Sell on Overstock and Its Sub-Platform For Small - Medium process to set up your account, Encourage clients to purchase multiple pieces at a discount if they have a severe surplus inventory issue. We Buy Excess has been providing asset recovery and inventory liquidation solutions to small, medium, and large businesses for over the past 30 years. Liquidating Old and Surplus Inventory: 11 Smart Ways to Get Rid of Top Liquidation and Clearance Websites for eBay and Amazon Sellers. Thrift and consignment stores range from high end to low end. Let us consider 12 websites in which you can liquidate the inventory and turn it into cash without stress. When you run into problems like this you begin to ask yourself where to sell overstock inventory?. 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. With millions of This can waste financial resources and shelf space, preventing storage from being used for more profitable inventory while creating cash-flow problems. Sell Your Overstock and Excess Inventory Don't forget to include . By conducting an inventory audit early in the process, you'll know exactly how much additional inventory to order from your suppliers. We have full control of our sales channels, meaning if you want to make sure your product stays off the internet, or even away from a certain geographical region it will. Tell us about your business and 10 strategies to sell excess inventory - GoDaddy Blog We buy all size lots from one case to entire warehouses! We invoiced on Tuesday and they wired funds on Wednesday. One tactic you can use to try and get rid of your overstocked product is product bundling. First and foremost, make sure any inventory items youre trying to move are visible and not pushed back behind other items. 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. No matter where you are in the world, or what time it is we are here, ready for opportunity! Inventory Reduction - LotsofAuctions.com You get paid for your stock and we take it from there (50% upfront - balance once goods are received). Our logistics team will coordinate a pick-up at your warehouse with one of our 53 trailers. SELL inventory has the ability to move inventory discretely offline, without disrupting a clients existing, primary sales channels. You will be able to do something good for your community without losing much profit. Copyright 2023 SCMDOJO, All Rights business online. Advantages and Disadvantages of Reverse Logistics, The Advantages and Disadvantages of Excess Inventory. We offer competitive prices for your surplus items, from electronics and hardware and equipment to health and beauty products and other general merchandise. DESIGN BY: CHICAGO SMALL BUSINESS WEB DESIGN. Inventory liquidators will purchase your overstocked inventory at a discounted price and sell it to their own their network. There's no shortage of items we accept if you need to sell your overstock inventory. With warehouses throughout North America, we have the capability and capacity to liquidate and process inventory of all sizes and complexities. They were very easy to work with. Thanks to consistent technological advancement, it is now possible to sell any inventory from any part of the world. Take the product that you are overstocked on and bundle it together with a product that is selling well. 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. Use tab to navigate through the menu items. Where to Sell Your Unsold Inventory - Payability Overstock's initiatives. Excess & Obsolete inventory is the most common problem in supply chain. Brand new overstock and unsold inventory is available as well. If you are looking for a team to execute your liquidation needs with the least amount of stress and demands, I recommend you partner with Sell Inventory. Overstock inventory is great for businesses looking to bulk buy inventory for their brick-and-mortar locations or online reselling businesses. As your excess inventory buyer, well guarantee a fast and simple process. streamlined onboarding Not only would you be getting rid of your products and not making any money, you often have to pay for the disposal. This is often a welcome break from the isolation that can come from running a business out of your home. The longer you hold on to unsold merchandise, the more it costs your business. 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. 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. 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. SoundPEATS True Wireless Bluetooth Earbuds in-Ear Stereo Bluetooth Headphones Wireless Earphones (Bluetooth 5.0, Built-in Mic, Stereo Calls, Total 15 Hours Playtime). The liquidation process does not have to be stressful, and we assure you that with us, it wont be. Locate the business today at Albany, NY 12207 to liquidate inventory. To add urgency, you can promote it as a one-day-only flash sale. We'll give you a fast, & free quote while saving you money and time. Minimize exposure while maximizing return on assets. SCMDOJO aims to help Supply Chain Professionals grow by providing high-quality supply chain on-demand courses, guides, best practices, tools and consulting from industry experts. If you choose a local marketplace it takes time to meetup with someone and to communicate with the customer a time and place. The best way to get rid of your excess inventory is to do it in way where its: The only option that checks all the boxes for figuring out where to sell overstock inventory is partnering with us! Save my name, email, and website in this browser for the next time I comment. Ship directly to us from any "Fulfillment By Amazon"(FBA) warehouse! 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. While some are exclusive to clothing and accessories, others primarily carry furniture and home goods. merchandising your products. 3. 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. Overstock Inventory: 16 Data-Driven Ways to Sell Stock & Seasonal Inventory Well, here you are. 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. Were experts at providing the best liquidation services in the industry, by helping you get the most out of your excess inventory! When you partner with an inventory liquidator you will be able to create a strong relationship with each other and be able to create the best deal possible. For example, a company that buys too much candy for Valentines Day may have extra candy left over after the holiday. Available 24/7, we are always on call. What Your Business Can Do With Excess Inventory This allows you to recover some of your costs even without selling the item. 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! that help you optimize marketing and drive business A broad mix of categories perform well, from home to health and beauty to electronics to consumables, the list goes on. Apply to get daily payments and capital for your growing business in as fast as one business day. bulkinventorybuyers.com | CSR Design Co. For whatever reason, you may have an excess inventory and are looking to Sell Surplus Inventory Online; know that we could be your perfect partner in this process. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. While discovery and consignment marketplaces like Tophatter and Poshmark charge less in fees than thrift shops, they require you to manage your own listings, take your own pictures and fulfill your own orders. While the marketplaces connect you to a buyer, they do not charge fees for this service or intermediate payment. Copyright 2022 Fast Capital 360. Submit youre your inventory through our liquidation form with as much detail and information as possible. High quality inventory - Our lots consist primarily of retail returns often in the original packaging. Easy. I work with many vendors in my position, and it was refreshing to work with someone who made things so easy. Methods for managing overstock range from strategies for preventing overstock from accumulating to tactics for recovering the partial value of overstock. Asset Recovery Sell Your New or Used Surplus - Radwell.com Get paid via wire transfer, immediately, once your inventory arrives at our warehouses. 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! Impressive. 799 Coliseum Way Midvale, UT 84047 | 1-800-843-2446, Start 2.2 Next, They Sell The Overstocked Merchandise. We established two contracts with SellInventory.com. We are fair and honest in liquidating your goods. One of our team members will follow-up with an email or phone call to better discuss your inventory. Excess inventory creates a number of problems that can hurt your business: In these various ways, overstock consumes cash and cuts into profits. 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. 3. We have the ability to move inventory discretely offline, without disrupting a clients existing, primary sales channels. We pay in full, via wire-transfer, on receipt of goods, at any one of our warehouse locations. How to Sell Overstock Inventory | RepurposedMATERIALS We purchase overstock or excess inventory from wholesalers, retailers, Liquidators, Amazon FBA sellers, Manufacturers, Distributors, importers & 3 PL Warehousing Facilities. This approach allows the seller to recapture cash much faster than would be possible selling the same items . While you wont pay marketplace fees on these sales, selling on local marketplaces can be a significant time commitment. Whatever the case is, if your FBA goods aren't moving, it's critical to remove your inventory as soon as possible! 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. 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. Overstock.com (OSTK) Q1 2023 Earnings Call Transcript 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. Read our Privacy Policy. Liquidate the overstock by selling it to other companies which purchase surplus inventory at discounted rates. We manage the process of liquidation, completing the product cycle while effectively maximizing our clients return. Within 48 hours of reviewing your inventory, youll receive a WBE offer. Once we receive it, we will be in touch. 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. Just Make It Go Away is the top inventory liquidator in the world! Sell online. Very professional and accommodating. Read our. This can be a great way to get rid of your excess products, reject materials, damaged materials, waste in a very simple and effective way. Selling Unlike consignment marketplaces where you can list just about anything and the buyer decides to buy it or not, consignment stores may not take all or any of your inventory. Overstock retail is only accepting applications for areas related to home goods. This process is often mistaken as a last resort turned to by failing and bankrupt companies. The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. flexible options and Good deal. 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. Plus the buyer pays for the shipping, so you dont have to worry about shipping costs. within a few weeks Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. 2.1 The Seller Assembles Their Overstock Into Lots. Once our agreements were signed, our only responsibility was to palletize our products using their guidelines and load them on trucks provided by them. Read our Privacy Policy. You can remarket it a . Overstock items can be defined as unsold products in your inventory in volumes that exceed sales projections. Payability, Inc. 2022. You also have the option to opt-out of these cookies. Inventory into Capital, quickly and hassle-free. Sell Excess Inventory Online. Rather than incur costs on warehousing, space issues and maintenance, get started and see how easy it has become to liquidate the inventory and turn it into cash online. This cookie is set by Segment to help track visitor usage, events, target marketing, and also measure application performance and stability. 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. SELL inventory has been leading the industry for over 30 years and all you have to do is to submit a detailed request of your name, name of company, phone number and email, the quantity of inventory (wholesale or retail) and the location. build SKUs, and Inventory clearance sale ideas include holidays, business events such as new location openings and cultural events such as sports championships. J2 sourcing is concerned with providing its vast customers with whatever stock they are looking for. Provided by Google Tag Manager to experiment advertisement efficiency of websites using their services. Volume is king at Tophatter. Once your products are on site, Our past history, prior to 1980 . If you need to sell overstock inventory, we're the people to call! A variation on discounting overstock items is bundling them with other products which are selling better. SELL inventory has been providing asset recovery services and reverse logistics since 1980. CALL US! Put on a Promotion. to Get We also work directly with businesses in pre-planning of a bankruptcy. Get the ball rolling today! eCommerce businesses of all shapes, sizes and niches have two things in common: the need for quick capital to jump on big opportunities and unsold inventory that they are looking to get off their hands. Stop wasting time, money, and effort on excess or obsolete inventory; let us do that. Bulk discounts may entice customers to make larger purchases than intended; a great strategy to sell overstock inventory. While some of these channels are best for high volume businesses with lots of excess inventory, others are great for certain niches, or may even allow you to move open or damaged inventory. We'll give you a fast, & free quote while saving you money and time. makes selling your products While we sell overstock inventory and do inventory liquidation, we do not handle clothing, food, toys, kitchen accessories, or other items. Place ads for your inventory sales at strategic places on your site. Fill the form to get started and to receive a no obligation FREEQUOTE! Under Internal Revenue Service (IRS) regulations, corporations generally can donate inventory to any qualified charitable organization.
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