The basics of making money have always been, “buy low, sell high.” One of the fastest ways people today are doing so is through their e-commerce store. Selling online is a challenging, but very gratifying endeavor if you have the right merchandise at the right price. Which supplier you choose for your business is a crucial component of being successful online.
To achieve higher profit margins, then it is worthwhile to consider sourcing inventory through liquidation stock. Liquidations can have a bad rap as “scrap,” but a reputable supplier will have in-demand products that are in up to a certain standard. Amazon returns, and overstock are two great ways to ensure quality and a decent price.
What Are Amazon Returns and Overstock?
Amazon returns are merchandise returned by customers for reasons such as the product not matching its description, the product is damaged upon arrival, or the merchant shipped the wrong item. Sometimes, it is as simple as the customer decided they didn’t want the item anymore or need what they ordered.
Overstock, on the other hand, is a little different. The merchandise has never reached a customer’s hands. It is just a situation where a retailer has more goods in stock than they have demand for. Therefore, the item is brand-new, unused, and unopened in its original packaging.
Where to Buy Amazon Returns and Overstock Online
Suppliers are the recipe for your e-commerce success. If you are not profiting as much as you would like from the deals you’re getting from your current wholesaler, then it may be time to find someone new. There are plenty of reliable and experienced suppliers with the means to help you procure fantastic selection of Amazon or Walmart returns and overstock items at very reasonable prices.
Direct Liquidation is one of the top, reliable sources for Amazon returns and overstock deals. The wholesale liquidator enables you to cut out the markup and instead, obtain items below the wholesale price. Other reliable options include American Merchandise Liquidators, GENCO, Via Trading, etc.
How Does It Work?
Most wholesale liquidators and wholesalers have websites where they advertise returns, closeouts, and excessive stock, which are usually sold in pallets. These pallets are sold either individually or in large trucks through auctions.
Buyers looking to purchase returned merchandise have to register with their choice liquidator to be able to bid on pallets and truckloads of inventory. After user accounts are created and approved, the users will be able to log in to their accounts and put an offer down on products. Or, users can buy pallets upfront. This will depend on the liquidator with which they are registered. After the sale is complete, the buyer can arrange the delivery of their items.
Important Things to Keep in Mind
It is essential to keep in mind that most of these products are returned merchandise, meaning they might be damaged or not function at all. So it is crucial that you consider the quality of the merchandise you are buying carefully.
Since the sellers buy and sell these products ‘as is,’ they do not take any responsibility for the condition of the merchandise or provide a warranty of any kind. Also, you should carefully go through the pallet’s packing list before buying to be sure you are buying the things you want.
Overstock can be a safer option because they are unused and in their original packaging. Although, overstock will come with a higher price tag than customer returns. That means choosing- price or peace of mind?
Luckily, with Direct Liquidation, there is a merchandise standard that must be met. Direct Liquidation only partners with reputable retailers and top-tier companies. Also, account managers will help you navigate purchasing and finding the merchandise that best suits your needs at a the right price. They are a liquidator that is on your team.
Sources:
https://www.directliquidation.com/liquidation-102/buying-amazon-returns-overstock-online/
