Where Can I Buy Liquidated Pallets of Walmart and Target Stock?
Merchandise quality attracts customers and gets them to return for more. If you pair that with good customer service, your business is on the path to success. But getting the right products to list on your online retail business is becoming harder as quality comes at a higher price point, leaving you less room for profit on any e-commerce platform.
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In order to stay competitive in the current market, you have to keep your purchase price well below wholesale. This means that your traditional supply channels will not cut it. No matter how good or diverse your supply network is, and how good the deals are you are getting from your crop of wholesalers, you are still barely scraping any profit to keep your business afloat. And lowering the price will reflect on the quality of the products you are able to get, because the quality is closely related to the price, as we noted above.
Now, your goal is to purchase either merchandise from well-known brands or top retailers like Walmart or Target. These two names on their own provide some security that the merchandise will satisfy a certain quality standard. But buying directly from the retailer’s warehouse is difficult due to several factors, one of them being the wholesalers that show up with their trucks and snap up all the merchandise they can get.
The other factor is related to the first one. Wholesalers buy in such large quantities because the retailers, as well as manufacturers if you thought of going straight to the source, have a high minimum order point. This means that your order has to be substantial for them to even deal with you, and if you resell merchandise online in your spare time, providing a second stream of income, you are less likely to need that much merchandise. In addition, if you run the operation from your home, you don’t have the storage space to dedicate to all that stuff.
But if you are persistent in your quest to buy and resell Walmart and Target stock, what can you do? Well, there is only one road after you have looked at all the options above: liquidation.
Understanding Liquidation Merchandise
Now, when you hear liquidation, you think of used office supplies, bankrupt companies, closed shops that need to get the leftover items out the door and sold to the highest bidder. While this might be the case in some instances, there a number of reasons why merchandise gets liquidated.
Walmart and Target, for example, sell their merchandise through a huge network of their stores as well as online. With the amount of merchandise they dispatch on a daily basis, there are bound to be mistakes or customers that have a change of heart and would like to return their products for a refund. In fact, around 30 percent of all purchases online end up being returned to the seller. You may find that the seller shipped the wrong size of a product, or a wrong color or the buyer thought the item they purchased would be something different. The reasons for the returns are plenty.
In addition, there is some seasonal merchandise, like clothing, that gets displayed on the shelves but does not get sold before the season ends and has to be withdrawn in order to free up shelf space for new incoming collections. The same goes for electronic devices, like smartphones or laptops. As the technology advances, something that was relevant three months ago might not be as relevant today. New models hit the market so often that the retailers discount ‘old’ products just to get them out the door as quickly as possible.
Sometimes products don’t even get the chance to be displayed in the showroom due to excess orders by the store managers who might have misjudged the demand. These products are basically brand new, and also need to be liquidated.
Now, while some of these products are in brand new condition, and others might have been used slightly or damaged, none of them can be advertised as new. This is the reason why retailers want to get them out the door as quickly as possible and recover as much of their investment as they possibly can. This is where the liquidation companies or platforms come in. They help retailers not only reach a wider audience but also get rid of the merchandise in question as quickly as possible.
Where to Buy Walmart and Target Liquidated Stock?
First, when looking for liquidation companies, your goal is to find the most reputable source possible. If you follow the trail of Walmart and Target, you will see that they have both partnered up with Direct Liquidation, a company and a platform that enables the two retail giants the exact thing we just mentioned above, the ability to reach a wider audience faster.
Now, you might have many questions about how and why. So we’ll try to explain as briefly as possible how you get your hands on Walmart and Target liquidated merchandise through Direct Liquidation and what the benefits of that step might be.
As mentioned earlier, buying directly from the retailer is fairly impossible unless you have a huge budget to cover the minimum order requirement. And buying through your wholesaler meant that you have to pay the wholesaler’s markup which left you with a tiny profit margin if any at all. Buying through Direct Liquidation eliminated these two problems: the high minimum order requirement and that wholesaler’s markup.
But there are added benefits to buying through Direct Liquidation. The first benefit is that the merchandise is packed in lots and pallets. This means that this merchandise is now accessible to a wider range of buyers or even end users. The second benefit is that you are eliminating the wholesaler’s markup and are buying merchandise at a price that is well below wholesale, securing yourself the best chance of earning a healthy profit on resale, while staying competitive in any market.
Now, the quality still might remain an issue, as you may think that you don’t know what you are getting in a pallet of liquidated merchandise. Well, you’d be right to think so, but you should also know that through its contracts Direct Liquidation requires a certain quality level for the products liquidated. Now, while Direct Liquidation only serves as a platform, in this case, it will provide you assistance in the form of a dedicated team that will help you choose the right products for your business, arrange delivery schedules and a lot more.
Additionally, you can access a manifest for each pallet listed on the platform, showing you exactly what is in the pallet, the type and the number of products. You will also see that a number of pallets and products are sold ‘as is’. This means that Direct Liquidation did not review the pallets and did not cherry pick the high-quality items out of the pallets so you are getting the products in their virgin condition straight from the retailer.
So there you have it. You can buy Walmart and Target merchandise on a liquidation platform at lower prices than wholesale giving your business the best chance of making a significant profit in rather competitive e-commerce markets.
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.