Own A Construction Business? Looking For Bulk Tools And Equipment? Here’s How To Buy At Rock Bottom Prices
Last Updated: January 30th, 2020.
Owning a construction business requires you to manage a number of different aspects of the job. These include from getting deals, doing construction to managing workers and providing tooling and materials. Tools are a major point of concern. You must have the tools at the ready at any given moment, and, due to the frequency and nature of use, it is not surprising that you have to buy new sets of tools often.
If you are a builder and have your own set of tools, construction business owners are willing to give you a job. Companies can cut costs employing people with their own tools. This also allows them to direct funds elsewhere instead of buying tools for their workers. And this is justified if you see your workers carelessly tossing around tools simply because they were provided everything and know that once broken the tool kit will be replaced.
In any case, you need a quick solution and a source that will allow you to buy tools at rock bottom prices. Here’s how.
Where to Buy Liquidated Tools?
As a small contractor, you’d probably go to a retailer and buy your tools, piece by piece. As a company you can go to a retailer or a wholesaler because of the volume of tools you require. But there is always a middleman between you and the manufacturer, which would be the cheapest option. Manufacturers usually have very high minimum order requirements and stocking up with tools isn’t really in your business strategy or within your budget.
In order to buy tools at rock bottom prices, you have to look for liquidation platforms where retailers and manufacturers liquidate their merchandise. One of these platforms is Direct Liquidation, which gives these companies the opportunity to sell their returns and overstock quickly, in large volumes. These stock can then be bought by a wider audience online and offer you one of the cheapest sources of tools and hardware.
One such retailer that Direct Liquidation works with is the home improvement specialist Lowe’s. The company is headquartered in Mooresville, North Carolina, but has a vast network of retail stores all over the United States and Canada.
What Gets Liquidated?
Lowe’s is a specialist in home improvement merchandise and the tools that go along with it. Due to the amount of merchandise they work with, it is inevitable that some of it gets returned. The reasons for the merchandise being returned vary and can range from simply wrongly ordered products, the wrong item being sent, or damage during transport. In any case, the merchandise gets returned to the retailer. More than 45% of returns from online sales are of completely unused products, in fully working order. You can buy this type of returned tools and hardware in completely untouched lots. Pallets, and truckloads of returns that have come back into loads, are being sold by Direct Liquidation in completely unsorted lots.
Some returns, however, are sorted. We check through these products, inspecting the condition they are in, and listing the contents. Tools or any other products get inspected for damage, refurbished if necessary, and resold.
Now, customer returns are not the only things that get liquidated. Merchandise like shelf-pulls also get liquidated or overstock merchandise. These are products that were either not sold or never go to the store shelves but only take up space in the warehouse. These products also get liquidated.
Benefits of Buying Lowe’s Liquidated Tools
The most important benefit, and the one you are looking for in the first place, is the price. Liquidated merchandise, in this case tools, gets sold at significantly reduced prices that are well below wholesale. This provides you with a chance to make some serious savings on your next tool purchase.
Additionally, Direct Liquidation and Lowe’s have their distribution centers spread out across the USA and Canada, meaning you can make further savings on the delivery costs.
The third benefit is that there is no limit to the purchases you are making. You can buy by the lot, by the pallet or even by the truckload, depending on your budget and the actual needs.
Does Buying Lowe’s Liquidated Tools Compromise Quality?
This is one of the most frequently asked questions, and not only when it comes to Lowe’s tools, but liquidated merchandise in general. The truth is that liquidated merchandise is often considered a synonym for used, damaged or scrapped items.
Yes, questions remains over the quality of customer returned merchandise, and as noted above, it can be returned for plenty of reasons. Some do come back with faults; others, on the other hand, get returned in their original packaging, brand new. Some items get refurbished and brought back to their original condition, repackaged and liquidated.
There are also items that are not in similar condition, but the benefit of working with, and buying through Direct Liquidation is that you are always provided with a manifest. This is a packing list showing you the type, the quantity and the quality of merchandise in the pallet. This not only means you know what you are buying, but also in what condition the tools are in.
So, next time you or your workers need a new set of tools, or you need home improvement items or appliances, make sure to head up to Direct Liquidation and get your hands on a pallet of merchandise at rock bottom prices.
Direct Liquidation is a goTRG company.
Henley currently works as a sales representative for Direct Liquidation, assisting businesses with product sourcing of liquidated merchandise from the largest retailers in the world. Whether you are looking for a pallet or a truckload Henley is here to help you grow your business.
View Henley’s Bio on YouTube.