Are Cell Phone Liquidation Auctions Right For Sourcing Your Stock?

If you run a small business specializing in buying and selling cell phones, you’ll always be on the lookout for new wholesale sources, especially now that more traditional wholesalers aren’t able to offer businesses the low prices they were able to in the past.

Increasingly, small businesses are casting their net wider when it comes to sourcing stock, and one of the places they’re buying merchandise wholesale from is online liquidation marketplaces. It’s not hard to see why. Unlike traditional wholesalers, liquidators such as Direct Liquidation can offer businesses all the stock they need at a price that will leave plenty of room to turn a healthy profit.

So, is sourcing the cell phone stock from liquidation auctions right for your business? Let’s take a look.

How Liquidation Auctions Work

Fire up a top-tier liquidator’s site and you’ll find a huge range of cell phones to choose from. Sold in tested and untested pallets of customer returns, overstock, and closeouts, the cell phones a liquidator has to offer come from some of the biggest names in the business, names such as Apple, Samsung, Huawei, Google and LG.

Pallets (or, indeed, truckloads) of cell phones are put up for liquidation auctions on a liquidator’s site. Navigate to a lot you like the look of – say, a pallet of refurbished iPhone 8s – and you’ll see if the auction has already started (indicated by how many hours, minutes and seconds are left before the hammer falls), or when the auction is due to start.

If the auction is already underway, you can enter bids immediately. If it’s yet to begin, you can set up an email alert which will notify you when the auction is about to begin. When it does, you can, again, start entering bids for the pallet of cell phones you’re interested in purchasing.

Don’t forget to stick to an upper limit when bidding on a pallet of phones. You may be tempted to go higher, but we strongly recommend you don’t. Liquidators provide companies such as Walmart, Best Buy, Target, and Amazon a place to sell their unwanted returns, overstock and closeouts, and with hundreds of new items arriving on a liquidator’s site on a daily basis, you can rest assured another pallet of goods will soon pique your interest if you miss out on being the successful bidder this time around.

If your bid is successful, you can arrange your own shipping from a liquidator’s network of distribution centers (Direct Liquidation’s centers are located next to major highways for ease of access), or you can let the liquidator ship your purchases to a location of your choosing.

Most businesses choose to arrange their own shipping, which is fair enough. However, it’s always advisable to check the shipping calculator that you’ll find on each lot’s page. You may discover it’s cheaper to let the liquidator do the heavy lifting instead.

A Great Range Of Products

Unlike other wholesalers and smaller scale liquidators, online wholesale suppliers such as Direct Liquidation work directly with big-name retailers such as the aforementioned Target and Walmart, providing them with an online space where they can sell their returns, closeouts, and overstock to businesses.

Every year, stores such as Walmart take back thousands of customer returns which they have neither the room nor the inclination to sell in-store. They also over-order stock and hold regular closeout clearances of shelf pulls wholesale to make way for newer stock. Instead of trying to sell these products in store at a discount, big-name retailers turn to top-tier liquidators who provide these retailers with an online space to sell these goods on to businesses.

When it comes to cell phones, this means that you’ll be able to buy pallets of phones in a wide variety of conditions. You’ll find reconditioned phones which have been brought back up to the manufacturer’s original spec; ‘as new’ phones, which are phones which are, for all intents and purposes, brand new; ‘slightly damaged’ phones, which usually have slight scratches on the surface or backs of each phone, very small dents or damage to the box; ‘visibly damaged’, which are phones that show visible damage to both the phone and the box, and ‘tested-not-working’, which are phones that don’t work that can, if your business offers a repair service, be broken up and used for spares and repairs, or to bring phones you buy from a liquidator back up to factory spec, thus increasing their resale value.

Each pallet of liquidated stock you buy will contain a mix of products, and because these phones are coming from major retailers, you’ll have top-end merchandise to sell that’s been made by some of the biggest names in cell phone manufacturing.

Because you’ll be able to buy phones in a wide variety of conditions, you’ll be able to sell to the broadest range of customers on the widest spectrum of budgets. And because you’ll be able to buy pallets of phones from a liquidation business at a much lower price, you’ll be able to offer your customers much more attractive prices which will increase your chances of making return sales, and it will make it harder for your competitors to keep up with you.

Are Liquidation Auctions Right For Your Business?

If you’re in the business of buying and selling cell phones – you’ll know how vitally important it is to source the stock you need from a reliable wholesaler who can sell your business what it needs at the lowest possible price.

Thanks to the unique way liquidators do business, they can ensure you a reliable source of top-quality cell phones from the biggest names in cell phone manufacturing at prices you’ll struggle to find elsewhere. And because they deal in returns, overstock, and closeouts coming from some of the biggest names in US retail, they can also ensure that when you need more products, they’ll have plenty more to sell your cell phone business when needed.

Are liquidation auctions right for your business? Well, if you want a reliable source of cheap wholesale merchandise that you know is the best quality because it comes from retailers such as Walmart, you should look no further than an online liquidation marketplace such as the one operated by Direct Liquidation. You’ll get great stock at great prices that you can sell at a low price to happy customers, and you’ll make a nice tidy profit into the bargain. It couldn’t be easier than that.

Are liquidation auctions right for your business? We certainly think so.

Direct Liquidation is a goTRG company.

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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.