Buying Truckloads and Pallets of Liquidated Electronics
Some markets require a lot of additional work in terms of marketing while in other markets products don’t need that much advertisement. Among the latter are electronic devices. These products dominate our everyday lives as we’ve not only grown accustomed to them but have in many ways become dependent on these devices.
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All this generates high demand in all of the segments of the electronics market, be it smartphones, tablets or laptops, or any other gadget. As a result of the high demand, the competition is fierce. Unlike some other markets that allow the seller, especially a newcomer to the market, to settle into running their business, inexperienced sellers have very little chance of surviving, unless they can either bring something radically new or simply a lower price without reducing the quality of the products.
However, your traditional ways of securing merchandise won’t work. You should forget about your wholesale suppliers and focus on a new source: liquidators. While the word liquidation was for a long time understood as a synonym for scrap, used and broken products, things have changed recently. You can now find higher quality products as well as top-tier retailers opting to liquidate their closeout, overstock or customer returns through liquidation platforms, in order to expedite the process and free up space on their shelves and in their warehouses.
Where to Buy Truckloads and Pallets of Liquidated Electronics?
As we said, buying pallets and truckloads of liquidated electronics from your wholesale suppliers will not give you the price/quality balance that would also provide you with a reasonable profit margin. Usually, buying cheaper products means you will be buying lower quality products, meaning you can’t compete in the market the way you want.
This is why your best option is to turn to reputable liquidation companies such as Direct Liquidation. There are several reasons why liquidators, and especially Direct Liquidation, are your best source of electronics merchandise.
It is usually said that if you are just starting a business, it is best if you looked for a niche market where the demand outweighs the supply in order to give yourself time to build a customer base, create a name for yourself in the business, and gain valuable experience in running the business before branching out into a more competitive market. However, one of the positives of choosing to buy through liquidation companies or a liquidation platform such as Direct Liquidation is the ability to dive into a competitive market and keep up with the established sellers by offering the same quality for lower prices.
Price is one of the reasons why Direct Liquidation is the perfect source. As you can see if you go through the listings, prices are well below wholesale. And this is very important since the prices of single items at e-commerce websites like Amazon are bordering with wholesale prices, leaving you little room for profit if you procure merchandise through your traditional channels.
The second reason is the quality you desire to provide to your potential clients. Direct Liquidation looks after its reputation, and so requires a higher quality of merchandise to be liquidated by retailers who use it as a platform. In addition, the merchandise that is liquidated directly by the company gets reviewed and if refurbished, you are getting a 90-day warranty added on your purchase.
Also, every pallet you purchase comes with a manifest. This is essentially a packing list showing you the quantity, the type of merchandise in a pallet as well as its condition. Still, the majority of merchandise being liquidated is customer returns and the manifest gives allows you to pick and choose the merchandise you purchase.
If you are technically savvy and don’t mind taking a few risks, some of the merchandise is graded as unsorted customer returns. In terms of electronics, these devices have a 70 percent plug and play rate. This means that, due to the reduced price of these types of pallets, you could get a return on your investment by selling one single item that might have been returned unopened. In addition, you could potentially combine two non-functioning items to make one that works perfectly.
On top of it all, top retailers like Target and Walmart chose Direct Liquidation as their liquidation platform, which is a guarantee of quality in itself.
How to Buy Walmart and Target Liquidated Electronics?
Buying at Direct Liquidation couldn’t be easier. Both Walmart and Target have opened a storefront on Direct Liquidation’s website. Why, you might ask? Well, this way, both retailers don’t have to stage closeout sales or have to worry about liquidating the merchandise. Instead, they just ready their closeouts, overstock or customer returns and list it on Direct Liquidation. This way they offer their merchandise to a global market. One of the benefits for you as a buyer is that you can get ahead of wholesalers who would traditionally move in with their trucks and snatch everything they could, leaving you with nothing, and no way of competing with their buying power, especially if you are a small buyer.
It has to be noted that all the merchandise is listed on Direct Liquidation as being sold ‘as is’. This means that the pallets have been prepared by the retailers, and you don’t need to worry about cherry-picking by the liquidator. The pallets or truckloads of the electronics you eventually buy are being shipped by the retailer directly.
We’ve mentioned closeouts, overstock and customer returns several times above, but you are probably wondering what these terms mean exactly. Customer returns are merchandise that for one reason or another has been returned by the customer. You may find slightly used items, new unopened items or damaged and faulty items in there, but compared to closeouts and overstock, these come at a lower price point.
Closeouts are different. These are often brand new items that have been displayed in the store but never sold. For example, a new model of a popular smartphone arrives and the retailer wants to display it at the store. In order to free up shelf space they will reduce the price of an older model or completely remove it from the store for liquidation.
Overstock is pretty similar. The only difference is that this merchandise never got to the store shelves and was stuck in the warehouse. As the retailer needs warehouse space for new merchandise, the old unsold merchandise gets liquidated.
And looking at the technology, a year old model is ancient, due to the pace of development. But in reality, these devices are still desirable and well capable of performing any task. Do note that these come at a higher price, but have a higher resale value as well.
So if you are looking for truckloads and pallets of liquidated electronics, look no further than Direct Liquidation.
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.