In order to be successful when it comes to buying and selling, you’ll not only need to find liquidation products or customer return merchandise, but you also need to find it at the right price. Here you will discover some important information that will point you in the right direction when it comes to obtaining customer returns, and only paying pennies on the dollar. Statistics show 6 out of 10 retail purchases are returned within 30 days of purchase. There are a wide variety of reasons for this, but the bottom line is, these products are now used and cannot be resold as new.
Because they cannot be resold as new, they will have to be put with a wide variety of other products that need to be liquidated. Now, for someone that is getting into buying and selling, this is ultimately a gold mine simply waiting to be taken advantage of. But how do you know how much to spend when it comes to these types of products, or for that fact, where to find them? In order to get the right price, you will need to go to the source. If you aren’t going directly to the source, you are paying a middleman for services rendered which ultimately translates into higher costs.
Department Store Customer Return Merchandise
Almost every type of department store will have some type of customer return merchandise to liquidate, on a consistent basis. Many of the department stores have their own liquidation department that is solely responsible for wholesaling customer returns and shelf pulled items. Some department stores liquidate customer returns using an auction format. In some cases you will have to be a wholesale buyer in order to participate in auctions or bids that pertain to any type of bulk products being sold.
In order to find customer return merchandise, you will need to do a bit of research, looking for direct sources. It’s important to restate the fact that you will only find customer return merchandise for the right price if you know exactly where to look.
Our 2020 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