Buying Lowe’s Returns and Overstock Online

Last Updated: March 8th, 2020

Those interested in becoming online retailers dealing in home improvement merchandise and appliances can go either of two ways: either have it as a full time job or take it as a spare time working providing you with a second stream of income. However, whichever way you choose, you might find it difficult to buy quality merchandise for your online resale business at reasonable prices.

>>Free Registration – Buy Pallets of Lowe’s Returns Online<<

The most traditional and common source is from wholesalers, by either visiting their warehouse or ordering by phone. This option works for many people, you may very well choose to go this way, and acquire quality merchandise through a network of suppliers. However, often retailers experience some problems, such as a drop in merchandise availability and wholesale prices that don’t leave much room for markup. Competition on this market is fierce and it can be very hard to stay afloat with retail prices bordering with wholesale.

In this situation, you may look into the option of buying liquidated merchandise, but you will probably be put off by the fact that the majority of liquidated stock is either used, broken or scrap, which is not the quality you are looking for.

In your search for quality items, you would prefer to buy merchandise from a big reputable company like Lowe’s. Being the second-largest hardware store, not only in the United States, but in the world, the home improvement products and appliances sold by Lowe’s satisfy your quality requirement. But how do you get your hands on Lowe’s merchandise?

Sourcing Lowe’s Merchandise Online

With wholesalers not giving you the deals you need, you will need to look for other sources as buying directly from Lowe’s isn’t really possible.

So what are you left with? If you do some browsing and researching, you’ll find that Lowe’s liquidates its merchandise. This is nothing unusual and presents you with an opportunity. This merchandise is now available to you, in acceptable quantities, through liquidation platforms like Direct Liquidation. At Direct Liquidation’s online platform, a large number of small businesses can easily find Lowe’s merchandise to meet their supply needs. And so know you know where to buy the merchandise you need.

Is Lowe’s Liquidated Merchandise Worth it?

To answer this question there are several things you need to understand. First, the merchandise is liquidated directly and shipped by Lowe’s. This is why Direct Liquidation lists the lots and pallets for sale ‘as is’. What this means is that the merchandise is in virgin condition and has not been cherry-picked by the liquidator. In terms of quality, you have also to know that Lowe’s liquidated merchandise is customer returns and overstock.

Customer returns are, as the name says, products that have been sold and then returned by the customers for some reason. These reasons vary: the product might have been faulty, damaged during transport or the retailer shipped the wrong product. Now, no matter the condition of the returned product, whether it has been used slightly, damaged or even brand new as it was never opened before being returned, these products are often not sold as new or through the regular channels anymore. And in order to free up space in their warehouses, retailers, Lowe’s, in this case, will choose to liquidate such merchandise.

Overstock, on the other hand, is different. It gets its name from the fact that managers or retailers have ordered excess amounts of merchandise, misjudging the actual demand. In these cases, there are pallets of merchandise left in the warehouses that have never seen the shelves. These products are in brand new condition. Because of this, they usually are sold at a higher price point but will also fetch a higher return on resale.

So now, let’s talk about the benefits of buying Lowe’s customer returns and overstock. As an online retailer, quality is a major concern. To provide its customers with high quality service and products, both Direct Liquidation and Lowe’s demand certain standards. Both companies are putting their reputation on the line. Direct Liquidation, as a platform provider, will provide you with a dedicated team that will help you find the merchandise you are looking for and help you arrange delivery schedules as well as direct you to an adequate delivery service.

Another advantage is the fact that you are always able to check what is contained in a pallet that is already listed for liquidation by requesting a manifest. This is a packing list that includes information about the products, including descriptions and quantities.

While overstock means you are buying brand new merchandise, it does not mean that you should completely forget about customer returns. As we are looking at appliances and home improvement merchandise, these usually have an above 70 percent plug and use rate. Also, if you possess the skill, even when you receive a batch of some broken products, you can use a couple of items as donors to assemble a fully functioning product that you can sell at a reasonable price that would still probably cover your entire investment. How is that possible, you may ask? Well, it is because of what is probably the most significant benefit for you: the price.

Customer returns are priced well below overstock and can be worth taking a risk on. If you’d like to avoid the risk, you can pay a bit more for overstock merchandise. But in both cases you will be paying well below the wholesale price, meaning that you can secure a healthy profit margin you can exploit and adjust accordingly to keep earning while staying competitive in any market.

Direct Liquidation is a goTRG company.

Share on social networks

Henley Johnson

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.