Overstock Liquidations. authorized to outfit U.S. government We can help get money back in your pocket to operate your business and purchase inventory that will sell. We invoiced on Tuesday and they wired funds on Wednesday. But opting out of some of these cookies may have an effect on your browsing experience. 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. We pay up front AND pick it up. and 2 How to Buy Overstock Items. With millions of Clearing inventory provides a lot of benefits, from maximizing resources to preventing potential waste. With millions of email subscribers and unique visitors per month, our current customers are your future customers. All other products, services, and company names are trademarks, registered trademarks or service marks of their respective owners. SELL inventory has been providing asset recovery services and reverse logistics since 1980. So if you are having issues selling inventory in categories that are highly regulated or completely banned on other marketplaces, Tophatter could be the place to sell them. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Liquidation is the process undertaken by a company that decides to sell its inventory in order to recover a portion of the capital invested in its merchandise. This cookie is set by Segment to count the number of people who visit a certain site by tracking if they have visited before. For over 30 years, We Buy Excess has been the go-to inventory buyer for many of the worlds most reputable companies and name brands. items that have been returned, opened, tags removed, damaged, regulated, etc.). From the initial conversation, Jon was very informative of the services they offered, the steps in the process and expectations. In addition to Tophatter being ideal to sell excess inventory in bulk with its unique auction model, it is also unique in that it is an open marketplace that allows heavily regulated and often banned verticals such as CBD. reporting suite of fast freight and consignment services. 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. One of our team members will follow-up with an email or phone call to better discuss your inventory. 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. Once sales and delivery is completed, you get paid as well. During the month of April, Overstock.com Inc's stock price has reached a high of $21.44 and a low of $17.13. Excess inventory creates a number of problems that can hurt your business: In these various ways, overstock consumes cash and cuts into profits. California, Florida, Illinois, Mississippi, New Jersey, South Carolina, The Only Source of Knowledge, is Experience. Before you consider selling your excess inventory through a thrift store, look at what they carry first and see if your items are a good fit. Trends, seasonality and the stock market can all influence sales. 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! Take advantage of Overstock's First provide a proposal stating the kind, state, quantity, location of the item and the motive for liquidating. For example, a company that buys too much candy for Valentines Day may have extra candy left over after the holiday. Pivot to new products. Shop online deals and find low prices on markdowns and overstocks for items such as electronics, home decor, clothing, kitchen gadgets, and more all year round. Thrift and consignment stores range from high end to low end. 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 you're a crafty business owner and your product isn't seasonal, you have an advantage here. Excess inventory can pile up for a number of reasons: Granted, some of these issues, such as market and weather conditions, lie outside the control of business owners. 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. The categories of stocks are appliances, automotive, books, cell phone accessories, commercial assets, general merchandise, sporting goods, among others. Once you have a business plan, it's time to make things official. 799 Coliseum Way Midvale, UT 84047 | 1-800-843-2446, Start Converting Non-Performing Assets into Cash. Sometimes market conditions change and products just do not move as predicted. If you are running out of options you may start to look into donating your excess inventory. Even if you can't move all your overstock inventory this way, you'll have a chance to sell some of it without needing to discount it or give it away. Analytical cookies are used to understand how visitors interact with the website. Their professionalism and follow-through in handling the logistics and communication were exceptional! We'll evaluate your inventory, and then make you a competitive offer. Enjoy dedicated email support and powerful online broad The categories dealt in are electronic components and it has been in the industry for 30 years. A variation on discounting overstock items is bundling them with other products which are selling better. Get industry-leading advice to help you make confident decisions. Contact us before your FBA inventory is shipped back to you. 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. Your brand is everything; treat it as if it is your baby. Reserved. A simple way to do this is lowering prices on overstock by holding an inventory clearance sale. Get the ball rolling today! Not only do we understand your products, but we understand your situation, and how to best navigate it while providing the most practical and effective solutions. . J2 sourcing is concerned with providing its vast customers with whatever stock they are looking for. 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. When in need of a platform that liquidates inventory on your behalf to its vast 2,500 customers, 360 Components help you liquidate inventory at a fair price that suits you. Contact us, You get paid for your stock and we take it from there, (50% upfront - balance once goods are received), Managing inventory can be a difficult job. Our easy liquidation process can take some of the stress out of selling your overstock inventory. To sell, all you have to do is to submit an inventory detailing your name, and companys name, email, and location, description of the item and why you want to sell. Make More Room for bulk commercial and technical This cookie is passed to HubSpot on form submission and used when deduplicating contacts. There's no shortage of items we accept if you need to sell your overstock inventory. Instead of having your own yard or rummage sale that is limited only to the people in your community, consignment marketplaces take your garage sale nationwide. High quality inventory - Our lots consist primarily of retail returns often in the original packaging. If they pay after the sale, they will likely pay you 30-50% of what the item sold for. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Easy call, quick response. We will buy your unwanted materials and take them off of your hands! operational Overstock's initiatives. 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. 1. We established two contracts with SellInventory.com. competitive payment terms that Liquidation.com. This means a higher recovery on your inventory, and more money for you. Roy is a respected, published author on topics including business coaching, small business management and business automation as well as an expert business plan writer and strategist. Overstock.com Inc's ( OSTK) price is currently down 0.69% so far this month. It is hard to deal with due to damages, taxation, and insurance. How to Sell Excess Inventory Fast: 12 Ways to Clear Overstock, 6. For example Amazon FBA will return your inventory or destroy it for you for a cost. Easily expand your customer base While you dont have to accept a lower price, this is a common practice. Left unsold, excess items will need to be returned to the supplier or disposed of in some other way which represents a loss. 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. We make liquidation painless and easy by providing a complete A-to-Z service. Call Us: (224) 567-6030. . Government platform If you have excess inventory that can be retailed, chances are we're interested and will make you a hassle-free offer. We buy: Apparel including Clothing and Accessories, Beauty including Makeup Cosmetics, Creams, Lotions, Serums, and Soaps, Food Items including Candy, Canned Foods, Cereals, Confectionaries, Chocolate, Condiments, Dressings, Oils and Vinegars, Pasta, Cookies, Beverages, Coffee, Juices, and Snack Foods, Electronics, Detergents, Furniture, Handbags, Luggage, Plastics, Gifts, Pet Supplies, General Merchandise, Craft, Toys, Garden, Sporting Goods, Seasonal, Home Goods, Housewares, Kitchenware and Gadgets, Bed and Bath, Paper Products, Footwear, Hardlines, Softlines, Textiles, Auto; basically anything youd find in your typical big-box Super Center store. 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. To get started, simply sign up, follow the registration flow, and you could have your first sale today. We are fair and honest in liquidating your goods. Looking up for an easy operation? We offer unique, tailored solutions to every client and you can be assured that we do not disrupt or interfere with your current sales channels and marketplaces. 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! Lots of Auctions helps businesses turn overstock, excess, and outdated inventory into profit. Send us your inventory file (preferably a .xls) with as much product details as possible. The point is, you trying to give people incentive to purchase more items from your store at one time. Once our agreements were signed, our only responsibility was to palletize our products using their guidelines and load them on trucks provided by them. Register your business name and get started on all the associated paperwork. if Irrespective of your business structure and size, you can turn sales of excess inventory into a way of generating some income to put back into your business, which is otherwise money stuck in the shape of the product. HubSpot sets this cookie to keep track of the visitors to the website. Selling on Amazon is becoming more and more difficult. You could keep marking them down, but they still keep competing against your full-price product. 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. It would then be marketed to a singular buy-all individual. Disposing of excess inventory is a lose-lose for everyone and should only be considered if you have exhausted all your options. tools. We'll give you a fast, & free quote while saving you money and time. needs, Overstock We are a local Greater Metropolitan ChicagoIL inventory liquidator. Inventory clearance sale ideas include holidays, business events such as new location openings and cultural events such as sports championships. Such excess items are unlikely to be sold without adjusting your marketing and sales strategy through methods such as holding discount sales. Take the product that you are overstocked on and bundle it together with a product that is selling well. Your overstock items may be high quality, but people are simply not as interested in paying for it. On top of the social aspect, local flea markets give online sellers, they also give sellers the opportunity to unload unsold inventory free of marketplace fees and buyers pay upfront in cash. Ideal for 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. If you need cash for your excess inventory quickly, you can avoid the bother of auctions by selling to a surplus inventory liquidator like Merchandise USA.