I’ve taken a short break from the blog because we moved to a new house across town, but I’m back in the saddle now looking forward to posting my thoughts about the liquidation industry. I also wanted to let our readers know that I’m getting ready to take a road trip down to Via Trading within the next few months. I’m going to do a company tour taking lots of photos and video for our readers…stay tuned!
In the process of moving, I’ve taken several trips to our local Walmart to pickup various items needed for our new place. While shopping one day, I snapped a photo of the boxes within this post because it gives the wholesale buyer a glimpse of why the liquidation industry exists.
There is an abundance of unsold, shelf pulled, and excess merchandise that Walmart, and other big box retailers, must deal with daily. Anyone can walk into a large retailer and begin to see the process of reverse logistics put into motion (I fully explain forward and reverse logistics within the Liquidators Guide).
Where does this excess stock go once it leaves the store?
Most of it ends up at a central redistribution point point where it is returned to the original vendor for retailer credit. Some items are tagged for liquidation, and at this point, becomes available for purchase through a company called Jacobs Trading. Jacobs Trading is operated by Liquidity Services, or better known as, Liquidation.com.
Our 2015 Liquidators Guide chronicles 12 years of wholesale product sourcing experience and includes my personal black book of direct source contacts! As an industry expert, I'll share the success I've enjoyed along with the mistakes I've made buying and reselling liquidation merchandise.
If you are thinking about buying pallets of liquidation merchandise from a liquidator, broker, or direct from department stores, you need to check out The Liquidators Guide