All other products, services, and company names are trademarks, registered trademarks or service marks of their respective owners. *We do not perform credit checks but will perform a standard background check of public records. Tell us about your business and We buy anything and everything, including [but not limited to] apparel, as seen on tv, bedding, beverages, cosmetics, detergent, food, footwear, general merchandise, hair care, health and beauty aids, housewares, impulse, kitchen, licensed goods, and so on. If you choose a local marketplace it takes time to meetup with someone and to communicate with the customer a time and place. Started. SELL inventory has the ability to move inventory discretely offline, without disrupting a clients existing, primary sales channels. Register your business name and get started on all the associated paperwork. Turn unsalable merchandise into usable money. In addition to Amazon fees and storage, sometimes your item is just too slow-moving or the marketplace has become too competitive to make a profit. Theres no shortage of items we accept if you need to sell your overstock inventory. 2 How to Buy Overstock Items. Get paid via wire transfer, immediately, once your inventory arrives at our warehouses. 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. Submit your inventory, for the most complete, asset recovery solutions around. We will buy your unwanted materials and take them off of your hands! 1. Take the product that you are overstocked on and bundle it together with a product that is selling well. Their professionalism and follow-through in handling the logistics and communication were exceptional! We also use third-party cookies that help us analyze and understand how you use this website. bulk commercial and technical and simple and easy. 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. We are a local Greater Metropolitan ChicagoIL inventory liquidator. When you cant sell overstock to your regular customers efficiently, there may be another way to unload it. Get Excess and Obsolete Inventory Policy, Best Warehouse Assessment & Improvement Tool. bulkinventorybuyers.com | CSR Design Co. Benefits of selling your waste, overstock, and damaged inventory. You get paid for your stock and we take it from there (50% upfront - balance once goods are received). Sellers have the opportunity to register to be a part of the network. 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. The liquidation process does not have to be stressful, and we assure you that with us, it wont be. This means having those items in more places in your shop. The business which has been in operation for 33years boasts of a vast network of sellers and buyers but the focus is on stocks in new condition. We have the ability to move inventory discretely offline, without disrupting a clients existing, primary sales channels. To learn more about discovery marketplaces, be sure to check out our post on discovery shopping and what sells best on discovery marketplaces. We are the go-to inventory buyers for Fortune 500 Companies, Manufacturers, Wholesalers, Retailers, and Salvagers. We Buy Excess has been providing asset recovery and inventory liquidation solutions to small, medium, and large businesses for over the past 30 years. Let us know about the surplus inventory you want to liquidate. At Just Make It Go Away we are theleading recycler of textile waste, building materials, automotive textiles, and more. J2 sourcing is concerned with providing its vast customers with whatever stock they are looking for. This helps keep excess inventory from piling up ahead of sales cycles, reducing storage costs in the process. You will also find 18 Targeted Inventory Reduction Strategies for Supply Chain Professionals useful in reduction excess and obsolete inventory. Overstock inventory can be a serious issue for both small and large businesses. Our past history, prior to 1980, was spent as a manufacturer, wholesaler, and retailer. We have the experience, know-how, and data to assist you in all of your liquidation needs. He is aglobal speaker,vloggerandsupply chain industry expertwith 17 years of experience in the Manufacturing Industry in the UK, Europe, the Middle East and South East Asia in various Supply Chain leadership roles. These companies buy a wide range of . This is a year of inventory rationalization for the industry, something that is taking longer than most expected. It is located at 6931 Arlington Road, Bethesda, MD 20814. Selling on Amazon is becoming more and more difficult. Not all customers will be reliable and some may even think they are interested and change their mind at the last second. While every situation is unique, our guarantee to you will remain the same. Put on a Promotion. We established two contracts with SellInventory.com. It . Online marketplaces already have built in traffic sources. When you take this route you will be able to sell in bulk and make a large chunk of you money back and get these products off of your hands fast. Overstock.com Inc's ( OSTK) price is currently down 0.69% so far this month. Minimize price erosion from markdown inventory, Here are a few reasons why you might chooseSELLING EXCESS INVENTORYas your merchandise liquidation partner. No matter where you are in the world, or what time it is we are here, ready for opportunity! Necessary cookies are absolutely essential for the website to function properly. However, Excess inventory does not have to become a liability. Our easy liquidation process can take some of the stress out of selling your overstock inventory. Fast. First and foremost, make sure any inventory items youre trying to move are visible and not pushed back behind other items. Excess inventory creates a number of problems that can hurt your business: In these various ways, overstock consumes cash and cuts into profits. You can continue to pay the rising FBA fees and discount the price heavily in the hope that the merchandise will sell quickly. Kole imports purchases closeouts in the categories of pet supplies, automotive, toys and many more at a wholesale price to buyers. needs, Overstock 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. Use these methods to help you avoid and reduce overstock losses so you can maintain healthy movement of inventory and sustain profitable sales. Disposing of your products is one of the worst options you could choose. If you're a crafty business owner and your product isn't seasonal, you have an advantage here. Meanwhile, flexibility and comfort are two factors that cannot be taken for granted when talking about liquidating inventory via online websites. incorporates enhanced product The process involves several options. According to her, if you're dealing with slow-moving inventory, it's a good idea to double or triple-expose your merchandise. While the marketplaces connect you to a buyer, they do not charge fees for this service or intermediate payment. To do this, send a list of your excesses with numbers, codes and necessary details. Managing inventory can be a difficult job. This platform connects buyers and sellers of surplus inventory, returned merchandise,. In the past 39 years, the categories bought and sold include building supplies, clothing and fabric, general merchandise, and so on. This approach allows the seller to recapture cash much faster than would be possible selling the same items . Getting into the e-commerce space is a great way to start to scale your business and make your business more profitable. We are able to easily take your excess inventory off of your hands and put it to good use! BY Editorial Team. By Publisher January 25, 2023 6 Mins Read. B Stock supply provides an auction platform for reputable sellers and business-oriented prospective buyers. Overstock inventory is great for businesses looking to bulk buy inventory for their brick-and-mortar locations or online reselling businesses. Sometimes market conditions change and products just do not move as predicted. With over one-hundred years of experience combined dealing with Overstock Inventory, We Buy Excess strives to be the industry leader for all types of inventory liquidation. Lots of Auctions helps businesses turn overstock, excess, and outdated inventory into profit. Contact us about your surplus inventory today. Is is also hard to scale. Pivot to new products. Good deal. 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. In case you are worried about payment. Other times items may havebecome restricted. Remarket. The warehouse facility of BoxFox is located in Chicago, IL. Our experienced team helps us analyze and evaluate inventory opportunities day-and-night, so we can move as quickly as you need us to. In todays economy, liquidating inventory is a necessity to survive. Read how Althea Suite helps you get rid of over stock inventory. Having been in business for over thirty years, its platform remains the best channel to sell any excess domestic item. To showcase sales items, make the most of end caps, displays and checkout line shelves. Strategies for managing excess inventory fall into a few general categories, including: With that in mind, here are 12 ways to apply these general strategies: Good inventory management starts with accurate inventory tracking. visibility and reach by When things don't sell you are tying up valuable capital and space. We offer competitive prices for your surplus items, from electronics and hardware and equipment to health and beauty products and other general merchandise. Plus the buyer pays for the shipping, so you dont have to worry about shipping costs. We purchase small to large volumes of surplus and end-of-life inventory! sell You may also be doing your own customer service. Sell Excess Inventory Online. Overstock Government platform. fulfillment, and more on our We're Closeout Buyers ready buy your closeout inventory to cash in your hands right now. Just be sure to make it clear that the item is new so buyers immediately recognize the value they are getting. Many online sellers clear out their excess inventory on local marketplaces such as Facebook Marketplace, OfferUp, and Letgo just to name a few. When a business no longer has the means or time to sell through their excess inventory, and theyve exhausted all their outlets and resources, they come to us. 2. The challenge with this is again you are having to handle the direct to consumer customer service issues and small quantities. We buy all types of products in small, large or bulk quantities. In fact, many times we can make it happen in just a matter of hours. Good deal. When faced with what to do with these items, the ideal scenario is to do what you do best sell them at a profit. Selling Well, that is why Computer components are here. Well cover what overstock inventory is, why it can be a problem, what causes it, how to avoid it and how to sell excess items efficiently. through Overstock Pro. If they decide to take any of your items, they will either pay you for them upfront or pay you a percentage after the item they accepted sells. makes selling your products However, they will take the inventory off your hands right away. Rather than incur more inventory carrying cost on excess inventory, there are some practical opportunities to sell and make cash when you liquidate inventory. We are export-focused, shipping our waste products to mainly international customers, so our products don't compete with your domestic production and supply chain. We had a great experience with these guys. Sites such as Liquidation.com help you connect with surplus buyers. However, if for some reason you cant turn a profit on your excess inventory, the next best thing is to get the most you can for your unsold inventory freeing up much-needed space for your next round of inventory. This is a great time to look for overstock deals now that the holidays and main retail selling season are over with. Jay and Jon were fantastic to work with and bring a wealth of knowledge, as well as a large professional network. leveraging site wide sales and Ready Transacting with SELLinventory.com was both easy and seamless, which is a testament to their operational dedication, organization, and communication. Our policy is simplesupport customers through our three-pronged approach: Regardless of shape, size, or sum, well buy the items from you. Inventory Management Partners has been adeptly managing clients' Inactive, Excess Obsolete (IOS) material for over 13 years. Now it's time to break down the best ways to get rid of all that excess inventory. You could also schedule a pickup. Left unsold, excess items will need to be returned to the supplier or disposed of in some other way which represents a loss. SELLING EXCESS INVENTORY is our name andit's our job, so let us help you! streamlined onboarding Looking up for an easy operation? They were straightforward from the start, and met all deliverables as promised. Over the last year, Overstock.com Inc has hit prices as high as $39.24 and as low as $17.05. This tactic can work especially well if the overstock item makes a natural fit for the other item. We have the capital, capacity, and capability to purchase inventory of any size, whether it be a single pallet one-time deal, or a multi-year take-all corporate contract with thousands of truckloads of product annually. Why? Top Liquidation and Clearance Websites for eBay and Amazon Sellers. Inaccurate sales forecasts, shipping delays, poor inventory tracking and other factors can cause excess inventory. We work with the courts, assignees, and creditors by purchasing a businesss inventory to help aid in paying off remaining debts and creditors. Here are the 10 best strategies for turning it into real cash flow. We manage the process of liquidation, completing the product cycle while effectively maximizing our clients return. Bad Credit Business Loans: 5 Best Options, How to Communicate a Price Increase to Customers, 13 Small Business Goals to Implement This Year, How to Create a Business Plan to Succeed in 2023, Build a Small Business Emergency Fund in 8 Steps, Best Ways to Use a Business Loan to Boost Growth, Loans & Grants for Hispanic-Owned Businesses, Inventory Costing Methods: Our Guide of Best Practices, Is the Trucking Business Profitable? Buying is our livelihood. The categories dealt in are electronic components and it has been in the industry for 30 years. 1. A simple way to do this is lowering prices on overstock by holding an inventory clearance sale. If you put the items on sale, though, you will increase attention to the product. Once our agreements were signed, our only responsibility was to palletize our products using their guidelines and load them on trucks provided by them. Sometimes you have a surplus of inventory, or you receive reject or damaged materials. Unlike selling online where anyone can see your listing regardless of where they live, local flea markets only allow you to sell to people in your area who show up at the flea market. So you may want to set your prices a little higher expecting that you will get lower offers or give lower offers. Knowing how to sell overstock inventory can keep revenue flowing and prevent cash crunches. If you know any other websites to sell excess and obsolete and would like to share? If you are running out of options you may start to look into donating your excess inventory. YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data. This same cash can be reinvested into your business in order to enable growth. Such excess items are unlikely to be sold without adjusting your marketing and sales strategy through methods such as holding discount sales. potential We can provide turnkey solutions to assist your business in lowering operating costs while recovering lost profits from customer returns. Just-in-time (JIT) inventory management leverages automated inventory tracking by combining it with business intelligence to forecast sales demand. Call today for a free quote (630) 815-3867 What Type of Overstock Inventory Does Closeout Express Accept? base You can remarket it a . An alternative to selling inventory is to donate it to a charity as a tax write-off. Save my name, email, and website in this browser for the next time I comment. Cost is also effectively managed as buyers carry shipping costs but you have to pay 5% transaction fee. Dr MuddassirAhmedis the Founder & CEO of SCMDOJO. While some are exclusive to clothing and accessories, others primarily carry furniture and home goods. Easy call, quick response. confidently Before Amazonfees to ship and warehouse your merchandise become too high for you to make money. Tophatter is a discovery marketplace that provides a shopping experience similar to national discount chains like TJ Maxx, where customers browse and shop for deals as entertainment rather than shopping for something specific. Its categories are all electronic components and excesses. We make liquidation painless and easy by providing a complete A-to-Z service. 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. 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. 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. reporting Also, strategies such as discounts, bundling, liquidation and tax write-offs can salvage at least part of the overstock value. Here are 12 ways to move excess items. Liquidate the overstock by selling it to other companies which purchase surplus inventory at discounted rates. Get paid immediately via Wire, ACH, Check, or Credit Card, once the product arrives to our warehouse. For example, you can run a buy one, get one free sale. The second, was to turn the remainder of our inventory over to them on a consignment basis. Excess inventory, also known as overstock, consists of products that haven't sold yet and you're not anticipating they'll sell anytime soon. Easily expand your customer base To add urgency, you can promote it as a one-day-only flash sale. Liquidation.com is an online auction marketplace. 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. Selling Excess Inventory can help you solve the challenges of Fulfillment By Amazon. This cookie is set by Segment to help track visitor usage, events, target marketing, and also measure application performance and stability. 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. Save time - We also sell sorted customer returns pallets in over 40 different sorting categories. items that have been returned, opened, tags removed, damaged, regulated, etc.). 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. Trends, seasonality and the stock market can all influence sales. 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. Copyright 2022 Fast Capital 360. Were not some new pop-up shop; weve been at this for decades.With over 100 years combined in the liquidation industry, theres a good chance weve had product similar to yours (if not exact), and know its true value. Liquidation sites sell the products through online auctions or by putting a fixed price on the collection. If you have a local flea or farmers market in your area where you could get a physical storefront cheaply, you may want to consider setting up shop. Described as Best of the Web by Forbes magazine; AAA Closeout is one of the best websites for closeouts and liquidation activities. operational All you have to do is submit a form online stating your name, email, address, phone number, product and manufacturers ID and quantity. We dont re-market product directly. If they pay after the sale, they will likely pay you 30-50% of what the item sold for. tools. You will not be disappointed. Minimize exposure while maximizing return on assets. We'll give you a fast, & free quote while saving you money and time. 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! LiquidateNow is an online platform with vast specialization in liquidating excess and unneeded inventory. bulkinventorybuyers.comexcessinventorybuyers.comliquidateinventory.netproductliquidators.combulkcloseouts.com, HOMEWHAT WE DOABOUT USBLOGF.A.Q.CONTACT US. Create an employee sale -Discount select overstock items and hold a special employee-only warehouse sale. Donating items to local partners, nonprofits and schools can also be an effective way to move overstock and cultivate community relationships. Due to their unique auction model, products dont get buried in searches and can sell thousands of times a day. Converting Non-Performing Assets into Cash. The process could be Outright purchase or Consignment partnership. 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. Encourage clients to purchase multiple pieces at a discount if they have a severe surplus inventory issue. Tom. Orders to restock inventory then can be placed automatically when your monitoring system indicates stocks are below projected demand so that new inventory ships and arrives close to the time when it is needed for sale and in the appropriate volume. An easy way to automate inventory tracking is to use a point-of-sale system with inventory tracking capability, such as Cin7, or an inventory management app that syncs with popular accounting apps, such as Fishbowl. We'll contact you However, most of these factors can be managed to at least some degree to avoid and mitigate overstock issues. As your excess inventory buyer, we'll guarantee a fast and simple process. Place ads for your inventory sales at strategic places on your site. 16 Ways to Reduce Surplus Stock and Sell Overstock Inventory. For example, a company that buys too much candy for Valentines Day may have extra candy left over after the holiday. process to set up your account, You have excess inventory, and we have the capital, the know-how, and the ability to discretely dissolve through it. Well, there is no request for an upfront fee. 4. make it easy to Whether you have excess inventory, overstock, underperforming goods, damaged returns, obsolete merchandise, or short dated products - we can buy it - and unlock capital from your problematic inventory immediately! Overstock items can serve as bonuses offered as incentives or rewards. When you are bothered about inventory carrying costs and thinking of liquidating, this website is here for you. Bulk discounts offer a variation on inventory sales which can serve to move larger amounts of items. . First provide a proposal stating the kind, state, quantity, location of the item and the motive for liquidating. years of revolutionary AtSELL inventory,our mission is to help businesses maximize profit by clearing out unwanted stock. We are always looking to expand our network and outlets every way possible. Within 48 hours of reviewing your inventory, youll receive a WBE offer. Work with a liquidation service -Sell overstock inventory to liquidation services as a quick way to free up space. 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. 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. If our offer is accepted, our freight coordinator will arrange for one of our 53 trailers to pick-up from your warehouse, at no charge to you. Overstock.com (OSTK 1.14%) Q1 2023 Earnings Call . While flea markets and local marketplaces come free of marketplace fees and buyers pay in cash upfront, they also come with a larger time commitment and sales are limited to the people in your area. 4 Buying and Selling Overstock- A Great Money Making Idea. When RESA bids on material, the price of the material is determined by RESA's current inventory levels and the market availability of the material. Asset Recovery Solutions and Going Out of Business GOB Management. There's no shortage of items we accept if you need to sell your overstock inventory. We'll give you a fast, & free quote while saving you money and time. (But make sure to compare your options and check reviews. They even called and ask for our invoice for the sold items so they could pay us. Just Make It Go Away is proud to be an environmental friendly business as we promote reducing waste and making the most out of what we already have! When using them in the right way you will be able to leverage these marketplaces and build a income source out of your overstocked products or reject materials. Clearing inventory provides a lot of benefits, from maximizing resources to preventing potential waste. Methods for managing overstock range from strategies for preventing overstock from accumulating to tactics for recovering the partial value of overstock. To sell your inventory is quite easy. We Buy Excess has been providing asset recovery and inventory liquidation solutions to small, medium, and large businesses for over the past 30 years. 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.