Before You Buy A Liquidation Truckload. What You Need To Know.

excess inventory buyers, sell overstock inventory, too much inventory in warehouse, clear stock from warehouse, closeouts, closeout buyers, sell excess inventory, buying liquidated merchandise, overstock liquidators

Liquidation truckloads of closeouts, overstock inventory, excess inventory, and liquidation stock can be a great way to save money on merchandise for your business. However, it's important to know what you're getting into before you buy.

What is liquidation stock? Liquidation stock is merchandise that is being sold at a discounted price because the business that owns it no longer needs it.There are many reasons why businesses may liquidate their stock, sell excess inventory, and offload closeouts that are no longer selling and taking up warehouse space. But at the end of the day, it doesn’t matter what the reason is for getting rid of dead stock. When old merchandise stops selling you have to clear stock from the warehouse and liquidate.

  • Selling Overstock: The business has too much excess inventory and needs to reduce its stock levels and make room in the warehouse for new products arriving.
  • Going out of business: The business is closing down and needs to sell off its remaining inventory because it is either downsizing warehouses or shutting down operations. In either case, the business needs to sell excess inventory, liquidate overstock products and clear stock from the warehouse.
  • Discontinued Products: The business is no longer selling a particular product line and needs to get rid of the remaining inventory. This happens to most business during some cycle due to having too much unsold inventory, canceled orders, or just excess inventory and closeouts from slow sales.
  • Damaged merchandise: The business has merchandise that has been damaged and cannot be sold at full price. Damaged inventory may happen in the import containers when goods get packed overseas.

Sometime the product is fragile and not packed properly creating closeouts that need to be sold off at discounts, or excess inventory because the products cannot be sold to regular customers.

Where to buy liquidation truckloads. There are a number of places where you can buy liquidation truckloads, including:

  • Liquidation companies: Liquidation companies specialize in buying and selling closeouts, dead stock, slow moving inventory and excess inventory. They typically have large warehouses full of merchandise that they are selling at discounted prices. Overstock liquidation buyers of this nature buy closeout pet products, closeout housewares, overstock of home décor and lawn and garden products, and other liquidation stock to re-sell to closeout buyers and closeout websites.
  • Online liquidators: There are a number of online liquidators that sell merchandise in bulk. You can typically find a wide variety of products on these websites, including clothing, electronics, home goods, and more. The liquidation process often involves the seller submitting spreadsheets and pictures of the closeout inventory for sale so the overstock buyers can review and assess the scope of the liquidation stock. Often, they will make an offer to buy closeouts and sometimes it will be one offer to take everything and clear all stock from the warehouse in one fell swoop.
  • Retail stores: Some retail stores may also liquidate their closeouts, overstock products and excess inventory. This is especially common during the end of the season or when a businesses either downsizing it’s 3PL warehouse or moving warehouses. There may also be a complete inventory liquidation sale when the companies is closing it’s doors and shutting down operations.

What to look for when buying liquidation truckloads When you're buying liquidation truckloads, it's important to keep the following things in mind:

  • The condition of the merchandise: Liquidation stock can be in a variety of conditions, from new and unused to damaged or defective. It's important to inspect the merchandise carefully before you buy it. Just because a company is disposing of liquidation stock does not mean it is okay for it to be damaged. Excess inventory buyers expect first quality inventory whether it be obsolete inventory that needs to be liquidated due to high expenses and slow sales, or if the company is selling overstock inventory to make room in the warehouse for new products arriving.
  • The type of merchandise: Liquidation stock and closeout inventory can include a wide variety of closeout products. It's important to make sure that you're buying the type of merchandise that you can sell. Closeouts of housewares and home décor are popular, as is liquidation stock of pet products and other inventory liquidations.
  • The price: Closeouts, overstock inventory and liquidation stock is typically sold at a discounted price, but it's important to make sure that you're getting a good deal. Compare prices from different liquidators before you buy. You can find closeout buyers online and search closeout websites for the best deals. If you are having trouble finding a reliable liquidation company, try a simple Google search using terms like these: reliable closeout liquidators, sell overstock inventory, where to sell excess inventory, where to get rid of liquidation stock, clear stock from warehouse, overstock merchandise for sale, company liquidating, companies in liquidation for sale, liquidation products for sale, buyers for closeouts and excess inventory.

How to sell liquidation stock. Once you've bought closeouts and liquidation stock, you need to figure out how to sell it. There are a number of ways to sell overstock inventory, liquidation stock, closeouts and all other distressed liquidation products.

  • Online: You can sell liquidation stock on your own website or on online marketplaces such as eBay and Amazon. Closeout websites have become a popular way to liquidate old inventory and Amazon liquidations. Customers are always looking for closeout products and overstock inventory to compliment their existing line of products.
  • Brick-and-mortar store: If you have a brick-and-mortar store, you can sell closeouts, discontinued inventory and liquidation stock there. When companies are liquidating inventory they are always looking for good closeout partners. This is the case whether the business has closed and needs to empty out the warehouse, if they are downsizing warehouses and moving to a smaller warehouse, or if they going out of business and no longer selling merchandise.
  • Wholesale: You can sell liquidation stock to other businesses at a wholesale price.

Tips for success. Here are some tips for success when buying and selling liquidation truckloads:

  • Do your research: Before you buy any liquidation stock, research the liquidator and the type of closeout merchandise that they sell. Make sure that you're buying from a reputable liquidator and that the merchandise is of good quality. Just because a business has excess stock in a warehouse does not mean it has to be damaged or worn out. Your can buy perfect merchandise as closeouts from companies that need to clear out warehouse space for new products or move out excess inventory to move in new products. Closeouts, overstock inventory and liquidation stock can be first quality.
  • Inspect the merchandise carefully: Before you buy any liquidation stock, inspect it carefully to make sure that it's in the condition that you expect. If a business is keen to liquidate overstocked goods they should be willing to make you a good offer, especially if they are downsizing and need to liquidate inventory.
  • Negotiate on price: Closeout sellers and liquidation sellers are typically willing to negotiate on price, so don't be afraid to ask for a discount.
  • Have a plan for selling the merchandise: Before you buy any liquidation stock, have a plan for how you're going to sell it. This will help you to avoid getting stuck with inventory that you can't sell.
  • Merchandise USA can help you understand the closeout process and liquidation process. We are a reliable closeout partner in business more than 38 years. We can help if you are shutting down operations or if you are downsizing warehouses or closing your 3PL warehouse. We specialize in closeout pet products, closeout housewares, overstock lawn and garden products, overstock home décor and excess inventory of hardware, home goods and stationery.