Conquering the Critter Chaos: Strategies to Sell Excess Pet Products

Do you find yourself swimming in a sea of squeaky toys and overstocked with excess dog leashes and pet products? A warehouse filled with excess pet products, including closeout dog toys, closeout pet beds, abandoned inventory, and overstock leashes and collars, can be a challenge, but it's not an insurmountable one. Here are some strategies to help you effectively sell your excess inventory and reclaim valuable warehouse space.

Step 1: Analyze and Categorize

Before diving headfirst into sales tactics, take a deep breath and meticulously analyze your excess pet products. Categorize them based on:

• Product type: Separate dog toys from leashes, collars, and pet beds.
• Condition: Distinguish between new, slightly used (from returns), or damaged items.
• Age: Identify older inventory that might need steeper discounts.
• Reason for excess: Categorize closeouts, overstock, abandoned inventory, and canceled orders to understand buying trends.

This categorization will help you tailor your selling strategy to each type of excess pet product.

Step 2: Fire Sale! Sell Through Retail Channels

• Retail Sales Events: Organize dedicated in-store or online sales events specifically for excess pet products. Promote these heavily through email marketing, social media campaigns, and eye-catching signage. Consider tiered discounts, offering steeper reductions as the sale progresses, to create a sense of urgency.
• Clearance Sections: Dedicate prominent areas in your store to showcasing closeout pet beds, overstock leashes, and discounted dog toys. Ensure these sections are well-organized and visually appealing to attract customer attention. If you are going out of business it makes it easier to have an inventory liquidation and if you are moving to a smaller warehouse, consider offloading your excess products before making a move.
• Bundle Deals: Create enticing bundle deals that combine excess pet products with your current bestsellers. For example, bundle a discounted dog toy with a full-priced leash and collar set. This incentivizes customers to purchase the less-desired closeout items and unwanted products and boosts overall sales.

Step 3: Rethink and Re purpose - Get Creative!

• Repackaging: Think outside the box! Consider creative repackaging strategies for closeout pet beds and overstock dog leashes. Create themed gift sets combining different overstocked toys or bundle excess stock of leashes and collars with travel water bowls. This can make them more attractive to customers and potentially command a higher price.
• Redesign and Up cycle: For certain dog toys or collars, explore redesigning or up cycling them. This could involve adding new squeakers to toys, changing functionalities of leashes, or embellishing closeout dog collars with personalized touches. Up cycled pet products can be marketed as unique and Eco-friendly, attracting a specific customer segment.

Step 4: Explore Alternative Sales Channels - Cast a Wider Net

• Discount Retailers: Partner with discount retailers who specialize in buying and selling excess inventory, closeouts, and overstock pet products. While the profit margins may be lower, you can clear out a significant amount of inventory quickly.
• Online Marketplaces: Platforms like eBay, Amazon Marketplace, or specialized online pet stores can be excellent avenues to sell excess pet products directly to consumers. Target your listings with relevant keywords to improve search visibility.
• Wholesale Liquidators: Liquidation companies buy large quantities of excess inventory, closeouts, and overstock at a discounted rate and then resell them through their own channels. This is a good option if you need to move a large volume of unwanted pet products quickly. If you are looking to offload excess inventory with a liquidation partner, try a Google search using these search terms: need to move out excess inventory, new seasonal products arriving need to liquidate, shipment at warehouse that is canceled order, company is closing and liquidating, keen to clear stock from warehouse, offloading overstock products, selling closeouts, looking to liquidate stock.

Step 5: Donations and Responsible Disposal - Consider Alternatives

• Charitable Donations:Excess pet products can often be donated to animal shelters or rescue organizations. Donating closeout pet beds, slightly used leashes, and even some dog toys (if in good condition) can be a tax-deductible option while supporting a worthy cause.
• Recycling Programs: For certain types of damaged or unusable overstock pet products, explore recycling programs in your area. This is a more environmentally friendly way to dispose of unwanted inventory, especially for overstock products with recyclable materials like nylon leashes or plastic dog toys.

Remember:

• Promote, Promote, Promote! No matter which strategy you choose, heavily promote your excess pet products. Utilize various marketing channels to reach pet owners and create a sense of urgency to drive sales.
• Data is Key: Track and analyze the results of your sales efforts. See which strategies are most effective in moving different types of excess pet products. This will help you refine your approach over time and identify which channels work best for specific types of inventory (e.g., discounted dog toys might sell better online, while closeout pet beds might move faster through in-store sales).
• Preventative Measures: While clearing out your current inventory backlog is crucial, focus on implementing methods to keep track of things when you are getting rid of inventory and offloading dead stock.

Merchandise USA can buy your stock if you are selling bulk inventory and offloading excess inventory from your warehouse. If you are keen to clear stock from your warehouse and are looking for companies that buy closeouts and excess inventory, we can help. We buy liquidation stock of housewares, closeout pet products, excess inventory of lawn and garden products, closeout tools and hardware, overstock inventory of home accessories and housewares. If you are liquidating overstock inventory and need to offload products from your warehouse we can help. Excess inventory buyers are not all the same; we are one of the oldest and most reliable closeout buyers in our industry. Keen to clear stock? We are a reliable and professional inventory liquidator.