Online Entrepreneur Ideas: You Need Liquidation Pallets

Last Updated: January 30th, 2020.

If you’re a budding entrepreneur who fancies starting up a new online retail business, one of the first things you will need to decide is what type of merchandise you want to sell and where to find the best, cheapest and most reliable source.

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You might be tempted to invest some of your starting budget into a pallet of wholesale merchandise sourced from a local wholesaler, but is this the best course of action? Unfortunately not. Wholesale prices are rising to the point they’re almost on the same level as retail prices; add to this the wholesaler’s mark up, and the chances of making a profit in goods sourced this way are negligible. So what’s the alternative?

The alternative is to buy liquidation pallets from a top-tier, Better Business Bureau-accredited online liquidation specialist such as Direct Liquidation.

What Is An Online Liquidator?

An online liquidation specialist owns and operates a liquidation website through which resellers, including entrepreneurs looking to start up online retail businesses, can buy liquidation pallets of merchandise sourced from some of the country’s biggest retail names. There are three types of surplus stock these retailers sell. They are:

Customer Returns

By far the largest category of products big-name retailers wish to dispose of is customer returns. Every year, customers across the country return items to stores for a number of reasons; these reasons mainly being that the items are faulty, slightly or visibly damaged or they have been returned because customers have changed their minds about buying them. Whatever the reason, the retailers usually don’t sell these items as brand new stock, even when they are brand new. These returns would soon mount up and take up valuable warehouse shelf space, so to prevent this the retailers sell their returns via online liquidation wholesale marketplaces.

Overstock

Over-ordering stock is common in retail. After all, estimating how much of each item you’re likely to sell is never going to be an exact science, and it’s the reason retailers often find themselves in possession of large amounts of stock they’ve over-ordered and no longer require. Add to that seasonal stock that has become surplus-to-requirements once each season passes and overstock would quickly become a headache for the retailers were liquidators not there to sell it in liquidation pallets.

Closeouts

Closeouts are merchandise that’s coming from stores that are being closed down or restructured. With no room to accommodate this type of merchandise in their other stores, retailers prefer to liquidate these items. Direct Liquidation then sells closeouts in liquidation pallets online to resellers like you.

As well as these categories of surplus merchandise, liquidators also sell liquidation pallets of refurbished products, most often wholesale electronics. Refurbished products have been returned to original manufacturer spec, come with all original accessories or replacement accessories, are in their original or replacement white or brown packaging and come with all original documentation except for the manufacturer’s warranty. In its place, the liquidator supplies its own 90-day warranty for extra peace of mind.

What Can A Liquidator Offer Online Entrepreneurs?

Because liquidators work in partnership with some of the country’s biggest retailers, you’ll find a huge range of top-quality brand name and own-brand products available to buy in liquidation pallets on an online liquidation marketplace.

Take Direct Liquidation, for example. Entrepreneurs looking to stock up on pallets of wholesale merchandise have pretty much every base covered thanks to Direct Liquidation’s partnership agreements with Walmart, Lowe’s Hardware, Amazon and Target. Whatever online retail business you decide to specialize in, you’ll more than likely find the stock you need in this comprehensive list of categories on Direct Liquidation’s website:

Automotive, Baby, Books, Clothing, Shoes & Accessories, Electronics, Fixed Assets, Food, Furniture, General Merchandise, Health & Beauty, Home, Home Improvement, Industrial Supplies, Jewelry, Office, Party & Occasions, Patio & Garden, Pet Toys & Pet Supplies, Sports, Fitness & Outdoors, Toys, Unsorted.

In that list of categories you’ll find a massive range of brand name products from manufacturers such as Apple, Samsung, DeWalt, Beats by Dre, VIZIO, Sony, LEGO, Adidas, Microsoft, Fisher Price, BOSCH, LEGO, Disney, Mattel, Google, HP, to name but a few.

You’ll also find popular own-brand products such as Amazon’s Basics range and Walmart’s discount Mainstays homeware and Blackweb electronics ranges which will suit customers who are looking for great quality products on a tighter budget.

Liquidators have a lot to offer budding entrepreneurs, and because this is merchandise coming from some of the biggest names in US retail, they have something else other types of wholesale suppliers cannot match – the cheapest prices around.

Why Online Entrepreneurs Need Liquidation Pallets

Retailers wish to dispose of their surplus stock in as fast a turnaround time as possible, and that means they’re willing to take a considerable hit when it comes to the price they can expect to get for this type of wholesale merchandise.

That means entrepreneurs will find liquidation pallets of customer returns, overstock and closeouts – and refurbished merchandise – being sold for considerably less than its MSRP value. That means entrepreneurs looking to break into the world of online retail can offer potential customers incredibly low prices right off the bat. Therefore, you’re more likely to attract and keep customers, you’ll keep the competition at bay and, most importantly, you’ll vastly increase your chances of making a healthy profit by sourcing stock this way.

If you’re an entrepreneur who’s looking to get into the exciting world of online retail, it’s vitally important that the stock you buy in bulk for resale is of the best quality bought for the best price.

An online liquidator such as Direct Liquidation can assure you have a steady supply of top-quality stock coming straight from some of the country’s biggest retail names. Buying liquidation pallets from a reputable, Better Business Bureau-accredited top-tier liquidator will guarantee that your new business venture gets off to a flying start and gives you the best chance of making a healthy profit. So why not check out what a liquidator can do for your new business today?

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.