BUYING Overstock Pallets of Merchandise

BUYING Overstock Pallets of Merchandise: What You Need To Know.

With an increase in your online resale business, meeting the demand can at times be challenging.  This makes it harder for you to be able to stay in the competition and being able to adequately stock. With the trend in your business, you need to find ways of being in a position to stock up and be able to purchase cheaper products, without having to compromise on its quality.

Purchasing overstock pallets of merchandise is one way that you can be able to meet up with your demand. In order for you to take full advantage of overstock pallet, you need to know where to make your purchase and understand what it is.

What is Overstock Merchandise?

When it comes to overstock merchandise, there are two types:

• Purchasing of excess amounts of goods without considering the demand in most cases. The merchandise will therefore remain on the shelves or warehouse for a good while before selling them. Retailers can get money from this merchandise by putting them as an overstock pallet, which is usually sold at 50% or 25% less than its wholesale price.
• Seasonal merchandise is another type of overstock merchandise; here we will use an example of clothing stores. In the event that a store has a lot of unsold winter clothes by the end of the winter season, packing of the merchandise in an overstock pallet is done. The merchandise will later be sold at a discount to give way for the incoming winter collection.

Where to Purchase Overstock Merchandise

When it comes to purchasing your merchandise, you might think that going to your wholesale supplier is the best means of getting your merchandise. This is usually due to the fact that they purchase truckloads of overstock merchandise, which they resell in smaller overstock pallets. Wholesalers purchase overstock merchandise and ensure that they sell the merchandise at a profit. They give you flexible shipping, payment terms and lower prices in order to reward you for your loyalty.

With the tightening market, single items being sold in places like Amazon, hinders you from progressing and consuming your profit margin. This is because there prices will be close to the wholesale price, therefore hindering wholesalers from giving you prices that are able to give you a bigger profit margin. Look for places like closeout liquidation companies, in order for you to secure a larger profit margin.

Closeout liquidation companies, have the ability of providing you with overstock pallets of merchandise at lower prices below the wholesale price. Liquidators do not buy the merchandise; instead they are a platform for the manufacturers and retailers. They are to liquidate the overstock merchandise through reaching the buyers in big numbers. This can be done by buying online or visiting liquidators’ warehouse.

You can be able to test liquidators by looking for an overstock pallet manifest. This is a list that has information on type, quality and quantity of the merchandise available on the overstock pallet. In case you have a seller who is not willing to disclose this information, it’s essential that you turn the other way.