sell overstock inventory

If you have excess inventory that can be retailed, chances are we're interested and will make you a hassle-free offer. Left unsold, excess items will need to be returned to the supplier or disposed of in some other way which represents a loss. Volume is king at Tophatter. So you are at the mercy of foot traffic and the overall popularity of the flea market. Overstock happens when unsold inventory accumulates in volumes that exceed sales projections. We help you enhance your ISO 14001 waste management by shipping less desirable materials overseas, so you can keep . Unlocking Value with Overstock Inventory Management of Electronic Cash in hand. options, and enhanced content 16 Ways to Reduce Surplus Stock and Sell Overstock Inventory. Under Internal Revenue Service (IRS) regulations, corporations generally can donate inventory to any qualified charitable organization. collect We invoiced on Tuesday and they wired funds on Wednesday. Tophatter is an ideal marketplace to sell excess inventory. Overstock happens when unsold inventory accumulates in volumes that exceed sales projections. By conducting an inventory audit early in the process, you'll know exactly how much additional inventory to order from your suppliers. Bulk discounts offer a variation on inventory sales which can serve to move larger amounts of items. broad Sites such as Liquidation.com help you connect with surplus buyers. Remarket. your business aligns with Especially if it is a small amount of inventory and you are not expecting this to happen again. There are a few ways you can go about this from a business perspective. Sincerely. You have the ability to utilize online marketplaces to sell your excess inventory. For example Amazon FBA will return your inventory or destroy it for you for a cost. 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. Do you have unsold Amazon FBA inventory you want to sell? Subscribe to our Buyers List for Opportunities Today! This is often a welcome break from the isolation that can come from running a business out of your home. through the You then have 24 hours to accept the offer, reject it, or counteroffer. 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. Also, strategies such as discounts, bundling, liquidation and tax write-offs can salvage at least part of the overstock value. You will also find 18 Targeted Inventory Reduction Strategies for Supply Chain Professionals useful in reduction excess and obsolete inventory. reporting We are available by phone or e-mail 24 hours a day, 7 days a week. Within 48 hours of reviewing your inventory, youll receive a WBE offer. Asset Recovery Sell Your New or Used Surplus - Radwell.com 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. Enjoy dedicated email support and powerful online Bulk Inventory Liquidation and Closeout Surplus Buyers The liquidation process does not have to be stressful, and we assure you that with us, it wont be. That compares to a roughly flat result for the S&P 500 . Explore real-time dashboards and comprehensive We are the go-to inventory buyers for Fortune 500 Companies, Manufacturers, Wholesalers, Retailers, and Salvagers. fulfillment, and more on our Ship directly to us from any "Fulfillment By Amazon"(FBA) warehouse! Your overstock items may be high quality, but people are simply not as interested in paying for it. Selling on Amazon is becoming more and more difficult. These companies buy a wide range of . Overstock is dedicated to making beautiful and J2 sourcing is concerned with providing its vast customers with whatever stock they are looking for. These cookies will be stored in your browser only with your consent. Partnering with Overstock means benefiting from 20+ Left unchecked, excess inventory potentially can put you out of business. 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. Note this tactic works especially well to build repeat business relationships with long-term clients who need to buy the same item regularly. 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. Use tab to navigate through the menu items. If they pay after the sale, they will likely pay you 30-50% of what the item sold for. Inaccurate sales forecasts, shipping delays, poor inventory tracking and other factors can cause excess inventory. "Smooth and easy. A lot of people in . We'll Look At Just About Anything That Can Be Retailed, We specialize in wholesale liquidation of Amazon FBA obsolete inventory. If so, developing new products can be a smart way to sell overstock inventory. Sometimes you have a surplus of inventory, or you receive reject or damaged materials. Get the ball rolling today! B2B Online Sales. Wondering who will buy your unsold Amazon FBA stock? Let them know you heard about Tophatter from Payability and receive your first $100 in fees for free! Contact us before your FBA inventory is shipped back to you. Your website provides a ready-made venue for showcasing inventory you want to move and discounts you want to promote. Take advantage of Overstock's While you dont have to accept a lower price, this is a common practice. Get paid via wire transfer, immediately, once your inventory arrives at our warehouses. To sell your inventory is quite easy. Payability, Inc. 2022. We buy all size lots from one case to entire warehouses! When discounting prices, make sure you keep your prices high enough to maintain a profit margin. 2. For the cost of 50 cents each item, Amazon will ship your goods back to you. We also use third-party cookies that help us analyze and understand how you use this website. Buying is our livelihood. We purchase excess inventory of nearly all categories of finished products and consumer goods. Shopping Cart. Government platform Call Us: (224) 567-6030. . 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. 10 strategies to sell excess inventory - GoDaddy Blog Products classified as overstock should come in cartons that are factory sealed. Bulk Inventory Buyers, Inc. is in the business of helping people and companies who have excess inventory or closeout merchandise. Keep in mind that they are often looking for something specific that they think is going to sell fast. For example, you can run a buy one, get one free sale. 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. if It is located at 18 Durham Way, Heathpark, Honiton, Devon, EX 14 1SQ, England. products at competitive Having been in business for over thirty years, its platform remains the best channel to sell any excess domestic item. SCMDOJO aims to help Supply Chain Professionals grow by providing high-quality supply chain on-demand courses, guides, best practices, tools and consulting from industry experts. The warehouse facility of BoxFox is located in Chicago, IL. We buy any size and variety of lot: new, salvage, discontinued, IR. We'll contact you This approach allows the seller to recapture cash much faster than would be possible selling the same items . Our logistics team will coordinate a pick-up at your warehouse with one of our 53 trailers. customers are your future customers. 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. Turn unsalable merchandise into usable money. Why Overstock.com Inc's (OSTK) Stock Is Up 11.40% | AAII . Easily expand your customer base So, if you are looking for a team of professionals to liquidate your inventory, J2 Sourcing has the ability to bring your stock in close contact with a buyer. 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! You will be able to do something good for your community without losing much profit. Our past history, prior to 1980, was spent as a manufacturer, wholesaler, and retailer. There are no monthly fees and it doesnt cost you anything to list your items on consignment marketplaces until they sell. through Overstock Pro. Year to date, Overstock.com Inc's stock is down 65.89%. 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. Increasing your profits and also helping you sell more of your overstocked products. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); leading recycler of textile waste, building materials, automotive textiles, and more. 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! 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. 799 Coliseum Way Midvale, UT 84047 | 1-800-843-2446, Start We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking Accept, you consent to the use of ALL the cookies. Whatever the case is, if your FBA goods aren't moving, it's critical to remove your inventory as soon as possible! You could also schedule a pickup. Overstocking products that are not selling well is a burden for any retailer. These cookies do not store any personal information. It is hard to deal with due to damages, taxation, and insurance. SELL inventory has been providing asset recovery services and reverse logistics since 1980. We purchase overstock or excess inventory from wholesalers, retailers, Liquidators, Amazon FBA sellers, Manufacturers, Distributors, importers & 3 PL Warehousing Facilities. 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. Adjusting your sales strategy offers another way to move excess inventory. No upfront payment, you can get a free inquiry. to Get If your inventory is of interest to us, well send you an offer - and if accepted, a Purchase Order. Better prices than what our competitors offer, Easy process, from upfront payments to full transport provision. orders, You may also be doing your own customer service. Pivot to new products. Save my name, email, and website in this browser for the next time I comment. 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. Were experts at providing the best liquidation services in the industry, by helping you get the most out of your excess inventory! 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. 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. 4. 12 Websites to Liquidate Inventory & Make Money from Excess - SCMDOJO beautiful eye catching paid ad placements. tools. promotions, 6 Simple ways to Sell Overstock Inventory. We had a great experience with these guys. We accept just about any type of overstock inventory. A variation on discounting overstock items is bundling them with other products which are selling better. You can minimize costs, take advantage of consumer trends, and . While this may not be for everyone and can be a significant time commitment as you have to physically be there selling often over the weekend, many sellers actually love it. business online. 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. Here are the 10 best strategies for turning it into real cash flow. 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. Theres no shortage of items we accept if you need to sell your overstock inventory. Once you have a business plan, it's time to make things official. The challenge with this is again you are having to handle the direct to consumer customer service issues and small quantities. Get paid immediately via Wire, ACH, Check, or Credit Card, once the product arrives to our warehouse. 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. Described as Best of the Web by Forbes magazine; AAA Closeout is one of the best websites for closeouts and liquidation activities. First provide a proposal stating the kind, state, quantity, location of the item and the motive for liquidating. We don't re-market product directly. Encourage clients to purchase multiple pieces at a discount if they have a severe surplus inventory issue. The categories include anything retail-ready. Why? 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. Sell Your Overstock and Excess Inventory Excess inventory, also known as overstock, consists of products that haven't sold yet and you're not anticipating they'll sell anytime soon. What to Do With Leftover Inventory | by Kaleb Stropkovics | Small We help you take away the worries. 6 Simple ways to Sell Overstock Inventory | AltheaSuite For your safety, always meet with buyers in a public place like a coffee shop or shopping mall. Today. It is a good way for smaller businesses that want to set up an online presence. Sell Inventory is located at 704, Ginesi Drive, Suite 27 Warehouse #3 Morganville, NJ07751. As brands grapple with supply chain issues and excess inventory, there are creative clearance strategies to dispose of surplus stock that can stabilize backend inventory levels and . These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Our motto around here is, we work around the clock so you dont have to. This handy tip is from retail expert Christine Guillot. Let us know about the surplus inventory you want to liquidate. This is a year of inventory rationalization for the industry, something that is taking longer than most expected. Amazon Outlet | Overstock Deals As your excess inventory buyer, we'll guarantee a fast and simple process. When this is the case, you may be able to improve your sales by changing elements of your marketing approach, such as which benefits youre emphasizing, who youre selling to or what keywords youre using to reach your buyers. Get industry-leading advice to help you make confident decisions. Overstock inventory refers to the excess goods or merchandise that a retailer has on hand and is unable to sell within a reasonable amount of time. I got cash back that was tried up in inventory I couldn't sell. 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. Bundle Overstock Items with Fast-Moving Stock, Sell Overstock Inventory to Increase Your Profit Margins. You wont earn as much per unit, but youll sell more items, while building customer relations in the process. Read how Althea Suite helps you get rid of over stock inventory. 407 Dominic Court, Franklin Park, IL 60131. At Just Make It Go Away we are theleading recycler of textile waste, building materials, automotive textiles, and more. How to Sell Overstock Inventory | RepurposedMATERIALS . If youre a good fit, the next step is usually to bring your items to the shop in person for them to look at and decide what they want. What Type of Overstock Inventory Does Closeout Express Accept? Leveraging an online marketplace can be a great way for you to not only get rid of excess inventory but to . *We do not perform credit checks but will perform a standard background check of public records. Due to the rising costs of warehousing, FBA fees, and storage, it often doesnt make sense to hold on to unsold or seemingly unsellable inventory (i.e. Of course, they are always in the demands of different components of electronics. While all orders are self-fulfilled, they make it super easy. Create a new and exciting way to attract new customers and you will be rewarded with more sales. The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. 3. Work with a liquidation service -Sell overstock inventory to liquidation services as a quick way to free up space. 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. BoxFox serves the need of those who want to clear excess inventory in a one-time quick transaction. Partnering with an inventory liquidator can be the most beneficial thing you can do to get the most use and profit out of your overstock inventory. Overstock, Excess, Obsolete Inventory Buyers - WeBuyExcess 7 Steps to Buy Overstock Items from Department Stores Create an employee sale -Discount select overstock items and hold a special employee-only warehouse sale. prices. They were straightforward from the start, and met all deliverables as promised. It is located at J2 Sourcing AB, Kantyxegatan 29, SE-21376 Malmo, Sweden. streamlined onboarding We were paid both accurately and promptly, and would recommend Jay and his team to anyone who requires their services. that help you optimize marketing and drive business We pay up front AND pick it up. If you are running out of options you may start to look into donating your excess inventory.