Four days ago, my wife and I purchased five pallets of Sears National Brand apparel and apparel related accessories. I cannot tell you how many of these loads we have bought within the last several years, but I can tell you that from each load we are able to make a handsome profit.
We really enjoy buying and processing these loads because each offers a different array of merchandise. Our last load contained a stock lot of Levi’s, seventeen leather coats, and a big assortment of other apparel. In addition to clothing, these loads are filled with jewelry, domestics, and various table top gift items.
Damages found within this load are minimal, but we always expect to receive items that cannot be resold. Our last load had about a foot of merchandise that was damaged by a lotion bottle that had been cracked open, perhaps during delivery. My wife was able to salvage most of the items, but we still ended up throwing away about six pieces of clothing that were stained beyond cleaning.
In anticipation of our pallets due tomorrow, we have reserved a large space within our warehouse for processing. Within this area we have a few folding banquet tables set up to inspect merchandise piece by piece. The inspection and processing of pallet merchandise can take all day for a small load of 4-5 pallets, but even though it’s hard work, we thoroughly enjoy it!
When we process a new load, we are sorting out damages and deciding how merchandise will be resold. We sell our inventory using several different markets including eBay, Craigslist, and through our discount store. In addition to retailing we maintain several contacts throughout the Country that buy small wholesale lots from us. If we receive a large quantity of any one item, I can pickup the phone and call one of our larger wholesale buyers, who will take merchandise off of our hands.
We have had great luck purchasing Sears National Brands and the Softgoods category they offer, both are filled with clothing. The National Brands, or “N” load, as you would guess, are filled with well-known branded items perfect for eBay. The “Softgoods” category is Sears exclusive merchandise, and works especially well for flea market or discount store sales.
Our 2017 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