Top Article Submission DirectoryTop Article Submission Site – New Articles Submitted Daily

Purchasing inventory from liquidation auctions and reselling them is not an easy feat! If you have decided to enter this business, it’s something you must celebrate. However, many such businesses fail within the first few years of starting and you would not want to be that. So, here are a few useful tips that may help your liquidation business grow and succeed.

Tips to Buy Liquidation Stock

• Certain products are seasonal and you must look at the seasonal trends before buying your stock. Keep an eye on new trends and new releases to avoid depreciation quickly.
• If you are buying from liquidation auctions, keep track of the bids and act accordingly. Go through the images and videos of the available stocks and buy only the items that you can sell with profit.
• Know what type of stock it is, whether it is customer returns, outdated, overstock, or defected. Accordingly, you will have to price your products.

Tips to Ship Liquidation Stock

• Depending on the size and nature of the stock, you will need to choose the best option for shipping.
• Consider consolidation shipping in which you can combine multiple shipments into one truckload. With this, you can save time and money on shipping.
• If your liquidator allows buyer-arranged shipping and if you have a truck of your own, use it. Equip it with manpower and proper loading and unloading equipment and save big.

Tips to Manage Inventory

• Make use of inventory tracking and organization tools with which you can track inventory that you have purchased, sold, and shipped.
• Keep your storage workspace organized, whether you keep your liquidation stock in a stockroom, warehouse, storage unit, garage, or home office. Consider installing proper shelves and racks to sort and organize your stock.
• Stay vigilant about customer demands and refill inventory before running out, especially your bestsellers.

Tips to Resell Purchased Stock

• Before you put up your inventory for sale, test all units and ensure that they are in good saleable condition.
• Expand your selling platform over social media, local markets, and online websites and auctions.
• Hire employees to do administrative work, do the listings, receive shipments, organize inventories, and also marketing.
• Provide good customer service to build a reputation and attract more customers by word of mouth.

Marketing Tips

• Attract customers with buyer discount codes, first-time buyers, special offers, festive offers, etc. Promo offers from time to time also entice customers and encourage them to spend time in your store or site.
• Price your products well as per the reselling platform rules while keeping a balance between your profits and competition.
• Use a nice camera and professional lighting tools to click realistic photos of the products.
• Encourage your customers to leave reviews and give feedback so that you can improve.

Join the Merchandise USA Network

Merchandise USA has a network of marketplaces where we source bulk merchandise of overstock and returned merchandise Ranging from apparel and electronics to furniture and beauty products, we thrive to make your journey through liquidation sales online streamlined and successful.