Liquidating business inventory
Thousands of resellers love the B-Stock Sourcing Network because we provide them direct access to retailers and overstock inventory that they were never previously able to buy without middleman mark ups.
Keep in mind that the higher the recovery you expect, the longer it may take to get rid of all the inventory if you’re selling items piece by piece.Thankfully, there are lots of opportunities to find other businesses who are looking to cash out and unload inventory at pennies on the dollar. First, check out the Internet for websites that will lead you to reputable liquidation wholesalers.A simple Internet search will yield dozens of websites that promise daily auctions of liquidation merchandise at deep discounts, but the most important thing in choosing your supplier is to make sure it’s reputable.Whatever you do, the most important thing to do is to create a plan and conduct a detailed inventory of all the assets you want to liquidate. You could try to sell everything yourself, which means that it would take much longer and would require a great deal of effort on your part.If you work with a liquidation company, you don’t have to deal with all that hassle.Are they correctly representing the merchandise they’re selling? Total cost is important, too; you should find out the cost of the merchandise itself, as well as “hidden” costs like shipping, that can impact your profit margin. It is typical to work with a receiver who deals with large quantities of liquidated goods. Figure up the total cost to determine the amount of profit you expect to make.
Don’t limit your search to one website or one vendor; check out similar products being sold by other vendors, either online or in your neighborhood. It’s important to understand who – and why – they are selling, so that you know what you’re dealing with. Make sure that the goods you are buying have a ready market that you can turn quickly.
Closing your business and getting rid of equipment and inventory can seem a little overwhelming.
There are a few ways to go about selling off everything, depending on how much time and effort you want to put into it.
If there are items that may not be worth much in the secondary retail market, then it could be in your best interest to donate them for tax benefits.
Clean up or repair any items to maximize sale prices.
They will be your partner in marketing, selling, and getting as much money for all the excess inventory and business equipment.