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.
New to our website? Be sure to check out the following:Looking For Direct wholesale Liquidation Sources? - My revised and updated 2014 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 my success, as well as the mistakes I've made within the wholesale liquidation industry. If you are thinking about buying from a wholesale liquidator, broker, or direct....you need to check out The Liquidators Guide.
Stay in Contact - We send out a newsletter every now and then offering FREE liquidation supplier sources along with other valuable product sourcing topics. We never spam, nor do we share email contact information. We are only interested in staying in contact with those who resell products on eBay, Amazon, or through some other venue (retail store, auction houses, exporters, etc.). If this describes you, please sign up here.
Popular Posts From 2013:
Buying Pallets of Macy’s Clothing – This post delves into the basics of purchasing jobout merchandise including customer returns and shelf pulled items. Yes, they offer a liquidation program.
Buying Victoria’s Secret Liquidation Clothing – Only second to Macy’s, this stock is creating a lot of successful eBay sellers.