Purchasing liquidation merchandise from nationwide big-box retailers allows small and mid-size discount stores the ability to offer a diverse inventory of name brand items at fantastic pricing, but it’s not just store owners who are benefiting from secondary market goods. People interested in operating a part time or full time resell business are purchasing small 2-3 pallet loads of customer returns, shelf pull, and overstock items to resell online.
When people think of small online sales the first thought that comes to mind is eBay or Amazon, but resellers have also been cashing in on Craigslist classifieds and Facebook group sales. I’m sure you’ve heard of Craigslist, the free online classified portal, which allows anyone to list just about anything for sale. Droves of people are making a living selling items on Craigslist, and of those that do, many sellers are also listing items on Facebook.
Facebook For Sale groups are popping up nationwide. While checking out your Facebook page and your friends pages, you might have stumbled across one of these For Sale Groups. Facebook users start Group for sale pages based upon local regions offering items for sale or trade. Most items offered for sale are unwanted slightly used items, but an ever increasing number of sellers are listing items they’ve purchased from wholesale liquidators. Liquidated items such as customer returns, shelf pulled items, or retail overstock items.
The liquidation industry gives small resellers an opportunity to buy name brand merchandise at a fraction of retail or original wholesale pricing. This low cost inventory can then be flipped on Craigslist or through Facebook group sales. Both Facebook and Craigslist provide a no cost method for reselling items to potentially thousands of nearby buyers who visit either site daily looking for deals.
Diversified retail sales are the key to success when sourcing and working with liquidated inventory. Sellers who are willing to sell through multiple venues, i.e. flea markets, garage sales, Craigslist, Facebook, eBay and Amazon are the sellers who are routinely buying pallet after pallet or even truckload after truckload of liquidated goods.
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