When it comes to liquidation merchandise, there are several different categories of products that you may encounter. Each category represents a different type of product and has its own unique characteristics. Understanding these categories can help you make informed purchasing decisions and increase your chances of success when reselling the products.
- Customer Returns: These are products that were purchased by customers but then returned to the retailer for various reasons. They may be in new or used condition and can include a wide variety of items such as electronics, clothing, and household goods. One of the benefits of buying customer returns is that they often come with a lower price point than new items, but there are also risks involved, like missing parts or damages.
- Shelf Pulls: Shelf pulls are products that were removed from the sales floor of a store, typically due to changes in inventory or product discontinuation. They may be new or lightly used and can include items such as clothing, toys, and small appliances. The benefit of buying shelf pulls is that the products are often in good condition and can be resold at a higher price point than customer returns.
- Overstock: Overstock items are products that were ordered by a retailer in excess of what was sold. They may be new or lightly used and can include a wide variety of products such as furniture, home goods, and sporting goods. The benefit of buying overstock items is that they are often in new condition and can be resold at a higher price point than customer returns or shelf pulls.
- Salvage goods: Salvage goods is a broad category that refers to products that have been damaged, refurbished or otherwise deemed unsellable by the original retailer. These products are usually sold at a deep discount and can include items such as electronics, appliances, and tools. The benefit of buying salvage goods is that they can be resold at a low price point, but the risk is that they may be in poor condition and may require additional work to be functional.
When buying and reselling liquidation merchandise, it is important to understand the different categories of products available and the characteristics of each. By identifying the right category of product for your business, you can increase your chances of success and make more informed purchasing decisions.