Sell your damaged, reject and excess products to us and start a partnership with a trustworthy company. If your inventory is of interest to us, well send you an offer - and if accepted, a Purchase Order. Sellers on local marketplaces really have to hustle to get their items sold which often means numerous back and forth messages, meeting up with buyers and making the final sale in person. operational 1. Our staff will review your submission details and give you a fair quote within 24 hours. 1. Increase your brands Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Sell off your non-performing and slow-moving inventory in bulk. By clicking Accept, you consent to the use of ALL the cookies. You could keep marking them down, but they still keep competing against your full-price product. To operate on the platform, you have to register as a buyer while you must apply to sell. Regardless of what your excess inventory may entail, the WE BUY EXCESS Team are the best inventory liquidators for you. Reserved. When things don't sell you are tying up valuable capital and space. Whether you need an inventory liquidation due to an oversupply or end-of-life inventory management, well help you sell excess inventory and generate business cash. customers are your future customers. product assortment, pricing, and Jay and Jon were fantastic to work with and bring a wealth of knowledge, as well as a large professional network. 3. Started. 800+ pallets and 40 trailers later our job was done. Very professional and accommodating. . Overstock retail is only accepting applications for areas related to home goods. Buyers of Overstock Inventory. promotions, and Just-in-time (JIT) inventory management leverages automated inventory tracking by combining it with business intelligence to forecast sales demand. Send us your inventory file (preferably a .xls) with as much product details as possible. 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. Simply put we are buyers of excess inventory. 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. We Buy Excess has been providing asset recovery and inventory liquidation solutions to small, medium, and large businesses for over the past 30 years. Overstock items can be defined as unsold products in your inventory in volumes that exceed sales projections. Create a new and exciting way to attract new customers and you will be rewarded with more sales. 16 Ways to Reduce Surplus Stock and Sell Overstock Inventory. This cookie is installed by Google Universal Analytics to restrain request rate and thus limit the collection of data on high traffic sites. 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. An alternative to selling inventory is to donate it to a charity as a tax write-off. Turn your excess inventory into fast, profitable cash for your company! Overstock's initiatives. Read our. The process involves several options. We will buy your unwanted materials and take them off of your hands! All rights reserved. industry-leading e-commerce technology. While the marketplaces connect you to a buyer, they do not charge fees for this service or intermediate payment. Leveraging an online marketplace can be a great way for you to not only get rid of excess inventory but to also make new customers. by Chris Wackerman | Jun 10, 2020 | Overstock Inventory | 0 comments. Inventory Management Partners has been adeptly managing clients' Inactive, Excess Obsolete (IOS) material for over 13 years. There are a lot of websites on which you can liquidate the inventory and you can be assured that it will sell easily and faster within a second click of the button. I had the pleasure of working with Jon from Sell Inventory to liquidate inventory from select store closures. We dont re-market product directly. Methods for managing overstock range from strategies for preventing overstock from accumulating to tactics for recovering the partial value of overstock. Unlike consignment marketplaces where you can list just about anything and the buyer decides to buy it or not, consignment stores may not take all or any of your inventory. makes selling your products Ideal for 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. Pivot to new products. We are a local Greater Metropolitan ChicagoIL inventory liquidator. Of course, there are other websites besides the above but they have been carefully selected because of the user-friendly interface that allows for easy navigation, the process, professional skills and years of expertise. New items selling below retail prices do very well on Tradesy, Poshmark, and Mercari too. 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. merchandising your products. B2B Online Sales. It has been in operation for 35 years. 2.2 Next, They Sell The Overstocked Merchandise. This allows you to recover some of your costs even without selling the item. Just made sense. Now that you have a few ideas of places to sell your unsold inventory its time to weigh the pros and cons of each and decide which works best for you and your inventory. Getting into the e-commerce space is a great way to start to scale your business and make your business more profitable. homes accessible by helping customers easily and Convert misfortune into dollars by selling the rejected or abandoned merchandise. Not all customers will be reliable and some may even think they are interested and change their mind at the last second. Overstock items can serve as bonuses offered as incentives or rewards. Everything from the inventory appraisal, to the freight and logistics, is paid for and provided by WE BUY EXCESS. 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. We make liquidation painless and easy by providing a complete A-to-Z service. years of 3.1 and More. Disposing of your products is one of the worst options you could choose. Whether youre a big box store, a regional chain, or even a flea marketer looking for an opportunity buy, please e-mail us to be added to our affiliate list! Within 48 hours of reviewing your inventory, youll receive a WBE offer. Create an employee sale -Discount select overstock items and hold a special employee-only warehouse sale. Because tax regulations governing inventory donations can be somewhat complex, consult your accounting professional for how to apply them. capabilities. If youre selling at a popular flea market on a beautiful afternoon, you may clear out a lot of your excess inventory and come home with cash, but if the market isnt well-attended or gets rained out, you may have to haul all of your unsold inventory home again. While all orders are self-fulfilled, they make it super easy. competitive payment terms that However, most of these factors can be managed to at least some degree to avoid and mitigate overstock issues. You could keep marking them down, but they still keep competing against your full-price product. Fast!MIKE L. California, USA. They were straightforward from the start, and met all deliverables as promised. 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! While you wont earn as much per unit as you would from selling to customers, you may be able to salvage part of the value of your inventory which you would otherwise lose. Or maybe marketing costs are too high to get any visibility on Amazon. Transacting with SELLinventory.com was both easy and seamless, which is a testament to their operational dedication, organization, and communication. The bigger your eCommerce business gets, the more excess inventory you are likely to have. Selling on Amazon is becoming more and more difficult. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. This results in us being able to offer you the best price for your goods. Address *We do not perform credit checks but will perform a standard background check of public records. We work with many wholesale resellers, each having their own specialty. When you run into problems like this you begin to ask yourself where to sell overstock inventory?. J2 sourcing is concerned with providing its vast customers with whatever stock they are looking for. We invoiced on Tuesday and they wired funds on Wednesday. Dr MuddassirAhmedis the Founder & CEO of SCMDOJO. To justify lowering your price, you can tell customers youre holding an inventory clearance sale or you can come up with other reasons for holding a sale. This cookie is set by Segment to help track visitor usage, events, target marketing, and also measure application performance and stability. Let us know how we can help you liquidate overstock merchandise. We purchase overstock or excess inventory from wholesalers, retailers, Liquidators, Amazon FBA sellers, Manufacturers, Distributors, importers & 3 PL Warehousing Facilities. Cash in hand. When Amazon FBA inventory does not sell, you have a few choices. authorized to outfit U.S. government Easy. This can waste financial resources and shelf space, preventing storage from being used for more profitable inventory while creating cash-flow problems. High quality inventory - Our lots consist primarily of retail returns often in the original packaging. visibility and reach by First and foremost, make sure any inventory items youre trying to move are visible and not pushed back behind other items. You will also find 18 Targeted Inventory Reduction Strategies for Supply Chain Professionals useful in reduction excess and obsolete inventory. We were paid both accurately and promptly, and would recommend Jay and his team to anyone who requires their services. Get paid via wire transfer, immediately, once your inventory arrives at our warehouses. DOJO Ventures FZE, Technohub 1 - Dubai. This platform connects buyers and sellers of surplus inventory, returned merchandise,. For more on fees, items that work best, and how to succeed on consignment marketplaces, check out our post on eCommerce selling tips for Tradesy, Poshmark and Mercari. 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. Don't pay for shipping twice. First and foremost, if you aren't already selling your products online, having excess inventory is a great motivator to set up an online store. Brand new overstock and unsold inventory is available as well. One option for selling excess inventory is to remarket it. We purchase consumer goods products from all types of businesses, including but not limited-to: manufacturers, wholesalers, distributors, retailers, brands, insurers, logistics providers, fulfillment centers, and more. We're Closeout Buyers ready buy your closeout inventory to cash in your hands right now. Sometimes you have a surplus of inventory, or you receive reject or damaged materials. Cost is also effectively managed as buyers carry shipping costs but you have to pay 5% transaction fee. This is the main cookie set by Hubspot, for tracking visitors. Inventory management software such as TRXio can help you implement JIT methods. We have a tremendous amount of experience in the manufacturing, retail, and wholesale markets, and understand close-outs, customer returns, surplus, excess stock, salvage, and dwindling and discontinued products better than anyone else in the industry. The liquidation process does not have to be stressful, and we assure you that with us, it wont be. 4 Buying and Selling Overstock- A Great Money Making Idea. 1. You can reach us by E-mail, Phone, LiveChat, or WhatsApp, 24 hours a day, 7 days a week. Rather than incur more inventory carrying cost on excess inventory, there are some practical opportunities to sell and make cash when you liquidate inventory. content that makes it easy In order to bid on overstock inventory from major auction sites, you'll need a resale certificate. Just Make It Go Away is the top inventory liquidator in the world! We are available by phone or e-mail 24 hours a day, 7 days a week. Let them know you heard about Tophatter from Payability and receive your first $100 in fees for free! Save time - We also sell sorted customer returns pallets in over 40 different sorting categories. These marketplaces allow you to sell inventory online to people in your local area. We service all industries, including manufacturers, wholesalers, retailers, service industries, and more. We know that time is money and we get things done fast. 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. Contact us before your FBA inventory is shipped back to you. 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. Good deal. Of course, they are always in the demands of different components of electronics. There are many reasons why a business might want to find a buyer for their overstock merchandise especially when you are competing online. SELL inventory has been providing asset recovery services and reverse logistics since 1980. Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. bulkinventorybuyers.com | CSR Design Co. 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. Payability Instant Access (next-day payouts) and Instant Advance (lump sum of growth capital based on future sales) are both available on Tophatter and serve as tools you can use to increase your selling volume even more. Get paid immediately via Wire, ACH, Check, or Credit Card, once the product arrives to our warehouse. We can provide turnkey solutions to assist your business in lowering operating costs while recovering lost profits from customer returns. Necessary cookies are absolutely essential for the website to function properly. Better prices than what our competitors offer, Easy process, from upfront payments to full transport provision. While each project had its own set of challenges, Jay was able to navigate through intricate networks to achieve successful resolutions. Shopping Cart. Excess inventory, also known as overstock, consists of products that haven't sold yet and you're not anticipating they'll sell anytime soon. We buy all size lots from one case to entire warehouses! 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? Once your products are on site, Kole imports is located at 24600 Main Street Carson, CA 90745. Our past history, prior to 1980, was spent as a manufacturer, wholesaler, and retailer. Use these methods to help you avoid and reduce overstock losses so you can maintain healthy movement of inventory and sustain profitable sales. I got cash back that was tried up in inventory I couldn't sell. BoxFox serves the need of those who want to clear excess inventory in a one-time quick transaction. If you're a crafty business owner and your product isn't seasonal, you have an advantage here. The heavier the discounts, the more . 799 Coliseum Way Midvale, UT 84047 | 1-800-843-2446, Start 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. Other times items may havebecome restricted. find just what they want for less. We are always looking to expand our network and outlets every way possible. If you've got inventory that "Must Go", please send it ourway. We pay up front AND pick it up. We manage the process of liquidation, completing the product cycle while effectively maximizing our clients return. customers Keep in mind that they are often looking for something specific that they think is going to sell fast. Stop wasting time, money, and effort on excess or obsolete inventory; let us do that. Or maybe marketing costs are too high to get any visibility on Amazon. When faced with what to do with these items, the ideal scenario is to do what you do best sell them at a profit. HubSpot sets this cookie to keep track of the visitors to the website. 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. 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. Under Internal Revenue Service (IRS) regulations, corporations generally can donate inventory to any qualified charitable organization. For example, if you are targeting one buyer, you either ship the goods to LiquidateNow or keep them in your custody. Download our Sell to Radwell form here, list the equipment you wish to sell, email your complete list sellto@radwell.com. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Work with a liquidation service -Sell overstock inventory to liquidation services as a quick way to free up space. Here are 12 ways to move excess items. For example you can offer 10% off on your order with purchases over $50 or you can offer free shipping on purchases over $50. The more goods are purchased, the larger the discount becomes. Everything from several containers, to just a few boxes of surplus stock. Overstock.com (OSTK 1.14%) Q1 2023 Earnings Call . Once our agreements were signed, our only responsibility was to palletize our products using their guidelines and load them on trucks provided by them. You get paid for your stock and we take it from there (50% upfront - balance once goods are received). we'll review your Looking up for an easy operation? Service Details i-bidder.com is a portal for online trade auctions, covering a range of discounted new . Promotions and discounts pique people's interest to grab their gaze with a creative and appetizing sale. With over 20 years of experience, they help you face every excess electronic component in the most professional way. Trends, seasonality and the stock market can all influence sales. business online. We work with the courts, assignees, and creditors by purchasing a businesss inventory to help aid in paying off remaining debts and creditors. We buy any size and variety of lot: new, salvage, discontinued, IR. Read our Privacy Policy. By conducting an inventory audit early in the process, you'll know exactly how much additional inventory to order from your suppliers. Especially if it is a small amount of inventory and you are not expecting this to happen again. The categories of stocks are appliances, automotive, books, cell phone accessories, commercial assets, general merchandise, sporting goods, among others. suite of fast freight and consignment services. 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. 3. Call Us: (224) 567-6030. . Ship directly to us from any "Fulfillment By Amazon"(FBA) warehouse! within a few weeks Just be sure to make it clear that the item is new so buyers immediately recognize the value they are getting. B Stock supply provides an auction platform for reputable sellers and business-oriented prospective buyers. We buy all types of products in small, large or bulk quantities. Subscribe to our Buyers List for Opportunities Today! If you sell clothing, shoes, home goods, toys, or anything remotely in those categories, consignment marketplaces such as Tradesy, Poshmark, and Mercari are huge selling opportunities both for your excess inventory or even as an additional selling channel depending what you sell. The best way to get rid of your excess inventory is to do it in way where its: The only option that checks all the boxes for figuring out where to sell overstock inventory is partnering with us! Due to their unique auction model, products dont get buried in searches and can sell thousands of times a day. We pay in full, via wire-transfer, on receipt of goods, at any one of our warehouse locations. 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. Our past history, prior to 1980 . Without any stress or risk involved in a business, you can liquidate inventory from anywhere. Having filled the form and submitted, a representative will contact you to complete the process. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. customers every month. Another tactic is offering giveaways in raffle contests which serve to bring customers into a store, where they may purchase other items. We help you take away the worries. Tophatter is an ideal marketplace to sell excess inventory. . Set Up Your Business to Buy and Sell Overstock. Copyright 2022 Fast Capital 360. We'll Look At Just About Anything That Can Be Retailed, We specialize in wholesale liquidation of Amazon FBA obsolete inventory. Partnering with Overstock means benefiting from 20+ Well, that is why Computer components are here. We work with many wholesale resellers, each having their own specialty. How to Sell Excess Inventory Fast: 12 Ways to Clear Overstock, 6. While some of these channels are best for high volume businesses with lots of excess inventory, others are great for certain niches, or may even allow you to move open or damaged inventory. SoundPEATS True Wireless Bluetooth Earbuds in-Ear Stereo Bluetooth Headphones Wireless Earphones (Bluetooth 5.0, Built-in Mic, Stereo Calls, Total 15 Hours Playtime). The categories of inventory include food, chocolate, paper products, housewares, electronics, furniture, and many others. To showcase sales items, make the most of end caps, displays and checkout line shelves. So, this includes surplus inventory, customer returns, overstock, and shelf pulls. 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. Overstock Government platform. Left unchecked, excess inventory potentially can put you out of business. This means having those items in more places in your shop. Maximize shipping speeds and minimize cost with a Once sales and delivery is completed, you get paid as well. Product liquidators specialize in liquidating all kinds of wholesale merchandise for companies. So there is no waiting in line to pay for shipping. Asset Recovery Solutions and Going Out of Business GOB Management. orders, I work with many vendors in my position, and it was refreshing to work with someone who made things so easy. You can liquidate inventory fast and make cash on the right websites. advertising 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. These cookies track visitors across websites and collect information to provide customized ads. Kole imports purchases closeouts in the categories of pet supplies, automotive, toys and many more at a wholesale price to buyers.