Posted on October 23rd, 2022.
Ever thought what happens to your items you return? Not everything will be relisted, especially if the user sells only new items. Instead, the warehouse packs the returned items into pallets. They sell these return pallets to clearing dealers such as Bam Warehouse. By 2020, approximately $ 428 billion worth of inventories will be returned, accounting for more than 10% of total US retail. These items are often collectively referred to as clearing stock, along with surplus and sales stock from the closing business. Entrepreneurs and small business owners have taken advantage of this discounted inventory to start their resale businesses.
What Are Liquidation Pallets?
The liquidation process can be difficult because it requires the conversion of excess inventory and obsolete merchandise into cash. For example, these products tend to be more expensive as they lose value with age, occupy warehouse space, and bind capital. As a result, most companies sell these products on marketplaces such as eBay and Amazon, resulting in more sales than occupying virtual space.
Traditional liquidation measures are burdensome and require additional logistical efforts. For this reason, several new online B2B auction marketplaces have emerged in recent years. These make it easy to buy goods online or locally, along with physical clearing stores where you can buy returned inventory. When buying online, shipping can be quite high given the weight of the pallet of the item, but it is often worth it because of the significant discounts you can get for most items.
These additional items are often sold as a whole pallet called a liquidation pallet. The exact description of the pallet is usually a flat structure made of wood or plastic, and in some cases metal or paper, to stabilize a variety of goods / goods while lifting and moving with a forklift or pallet truck. The merchandise/goods are placed on top of the pallet, and usually secured to it by straps or stretch-wrapped plastic film. A pallet is sometimes called a skid. A Standard pallet measures about 40 inches by 48 inches by 5 inches.
Liquidation pallets typically come with a manifest that details what's in the pallet and crate. The manifest is an exact indication of the products contained in the palette. For this reason, the standard palette is sometimes referred to as the manifest palette. It is possible that the contents of a pallet or box may be sold without revealing that it is a complete (or partial) secret.
How To Procure Them
To set up a liquidation company, you need to perform three general steps: 1. Purchase a liquidation pallet to secure inventory. 2. Sort and catalog items. 3 Sell your items online and advertise your business.
There are pallets from different suppliers and markets. However, Amazon's liquidation business model is gaining popularity. A common way to get a pallet of returned Amazon merchandise is to browse the online liquidation marketplace. Websites like Bam Warehouse offer wholesale pallets that you can browse and buy. Depending on where you live, there is a warehouse nearby where you can inquire about selling Amazon pallets.
Contact us with any questions about our liquidation products and services.