If you run a small boutique or an online resale shop, you know just how difficult it can be to get good amounts of products from top retailers. Finding the right distributors takes time, and getting first pick of their inventory is tricky, to say the least. One of the best ways to make sure you’re always stocked with the items your customers want is buy purchasing liquidation pallets. So how do you go about it?
The distribution networks
As mentioned, building up your distribution network, especially if you’re a newer reseller or have recently opened up shop, is a daunting task. Many top-tier retailers only work through pre-approved distributors and don’t allow shops to order merchandise directly. Others will turn you away if you’re not large enough or can’t handle certain volumes of product. Auctions are a great place to find heavily discounted merchandise but probably shouldn’t be your first choice when stocking your business.
If you’re lucky, you’ll find a manufacturer who will work with you directly to fulfill orders and give you access to their liquidated products. If they’re not willing to do that, you might have a better chance at finding out who their distributors are. Keep in mind that the top distributors are typically closer to the top of the list. Start there and work your way down until you find the right combination of well-respected and accessible.
Do it digitally
If going straight to the source isn’t your forte, it’s time to turn to your computer. Plenty of reputable online distributors are respected throughout the industry for their professionalism, and many of them even offer shipping and quality guarantees for the liquidated merchandise they’re helping to distribute.
Many online distributors are the preferred digital distributors for several of the nation’s top retailers. For example, if you’re looking to get your hands on a few Walmart pallets so you can stock customer favorites and seasonal items, only a handful of online distributors are approved to sell their liquidated products. When purchasing liquidation stock digitally, always look for preferred distributors, prioritize those that offer quality guarantees, and look for quick shipping speeds, especially if you’re purchasing seasonal products that have limited sale windows and need faster-than-average turnarounds.
What about auctions?
Many a killer deal has been found at the auction houses, both online and off. It’s also a trickier process than your average eBay bidding war. You must have a sharp eye out for the products you need and must be ready to strike while the iron’s hot. Otherwise, you risk missing out on the purchase of a lifetime because you didn’t refresh a webpage quickly enough. Don’t forget that a lot of online liquidation auctions (and some in-person ones) mean that you’re buying products sight unseen. If you’re not purchasing with an added quality guarantee, you might end up with damaged stock that you’re unable to sell.
A great way to avoid many of the common pitfalls of the auction process is by relying on auctions hosted by the retailers themselves. These auctions are primarily digital, through the retailer’s website. Finding these sponsored auctions is commonly as simple as conducting your basic Google search but for some, you’ll need to reach out to the manufacturer for an invitation or further instructions.
A solid investment
Purchasing liquidation merchandise is a great option for businesses that specialize in resale merchandise. Not only are you able to acquire quality products for a fraction of their original sale price, you’re able to quickly make a profit off them if you’re a savvy seller. While finding your ideal distribution network might seem daunting when you first get started, if you’re a motivated entrepreneur, you’ll be buying liquidation stock in no time.