When it comes to getting rid of unsold stock, there are a number of ways to do it without needing to liquidate wholesale merchandise. Some people choose to sell their extra stock through catalogue houses or other large businesses. Others opt to use dropshipping services which require no upfront cost and have a direct drop ship and deliver system. Whichever way you choose to sell your excess stock, here are some helpful tips for success:
Liquidating wholesale products is not a good idea. Most people look at liquidation as a final chance to get rid of something they no longer need. As well as being financially irresponsible, this approach can be quite hazardous. Most liquidations are planned out well in advance and have carefully planned out time frames for when the order will be received and fulfilled. You may not get this time if you sell online.
The best option available is to hand over the wholesale merchandise to a wholesaler. If you don’t want to liquidate the stock yourself, a good wholesaler will be able to assist you in handing over the inventory. In most cases, a wholesaler will send out the goods directly to your customers, so you won’t even need to know where you are or how to get the items into the hands of interested parties. In addition, most wholesalers offer warranties on the wholesale merchandise they sell, so you will get your money back in most cases if the product is faulty. While liquidating wholesale merchandise is usually a last resort, sometimes it is the only option available.
As well as the financial implications of liquidation wholesale, there are other aspects to consider. If you sell in any other manner than online, such as at an office, there could be legal ramifications with regards to whether or not you are legally allowed to do so. Selling via eBay is also illegal in some countries and at times results in action being taken against you. Finally, the cost involved with liquidating wholesale can be quite high. If you are just getting started with eBay, you may not have enough capital to invest in liquidating the stock yourself. At the very least, you should look into other options, such as renting stock.
When you rent wholesale merchandise, you will pay a rental fee for the space that the merchandise is stored in. You will then be able to resell any products that you buy, as long as they meet the guidelines set out by the wholesaler you are renting from. The benefits of this arrangement are fairly obvious. For one thing, it allows you to start out working in your business without the financial risks that are normally associated with business ownership. Renting wholesale merchandise also enables you to expand your business in ways that would be otherwise impossible.
There are two basic types of liquidation wholesale merchandise that you can choose from. The first type of offering is a general sale offering, which means that you are allowed to buy and sell any product that is not restricted by season or by gender. For example, you could offer to sell holiday decorations at any time of the year. This type of arrangement is more flexible than a ‘seasonal’ sale, but it is by no means impracticable.
The second type of liquidation wholesale merchandise is a seasonal listing, which only lists a select number of products. In particular, you will only be able to list items that are ‘overstock’. This means that they are available in great quantity and that your customers will be eager to purchase them. By selling these types of items, you can earn a significant profit. However, there is a disadvantage – if your stock of overstocks disappears before the expiry date, you will lose money. Fortunately, however, you can keep the merchandise in stock until the expiry date and then you can put the stock on the market.
Some of the most popular liquidation wholesale merchandise include food, clothes, electronic goods and health and beauty products. As you can see, you can find a wide range of merchandise by looking online. You should bear in mind that this type of business is highly competitive, so it pays to have a good website that is easy to navigate and to provide attractive display images. Your website will attract potential buyers and thereby increase your profits.