Wholesale Liquidators - Know What You're Buying Before You Buy
Wholesale liquidators sell bulk inventory liquidation merchandise at a fraction of the retail value. These items are then bought by retailers for reselling purposes on ebay, at flea markets, trade shows, garage sales, auctions and in retail stores. If you are interested in buying liquidation items to resell, you will need to know what kind of merchandise you will be buying. Find out below what types of products are offered by liquidators and what it all means.
Liquidation merchandise is categorized by its history in the retail world. Below are the terms that you will see when buying from liquidators:
- Overstock
- Returns
- Refurbished
- Shelf Pulls
- Used
- Salvage
Overstocks - These are new items that have never been on store shelves. They are in their original package and all of the instructions and accessories, etc...are still intact.
Returns - These are items that were originally sold to a customer and either brought back to the store or mailed back to the returns facility. These products may be in perfect useable condition and only returned because of wrong size, wrong color, not needed or wrong item. However many of these items are not working correctly, have cosmetic damage or have a noticeable amount of use and wear. Most of these items will not come with the original packaging, instructions or accessories.
Refurbished - These are previously used items that have been restored to full working condition. They have been inspected and tested after being fixed to ensure that they do work. They most likely will not be in their original package or contain instructions or accessories. Because they have been used in the past, they will most likely have some cosmetic damage including dents, scratches and signs of use and wear.
Shelf Pulls - This is merchandise that has been for sale in a store, but never sold. These items will usually have several markdown stickers and price tags on them. Since they have been on retail store shelves, they will show signs of customer handling.
Used - Used items have been previously sold and then used by the purchaser. They will have noticeable cosmetic defects including dents, scratches and signs of use and wear. They rarely come in the original packaging or contain instructions or accessories. They may or may not be in top working condition as they are only slightly tested and thus may require some additional repair.
Salvage - These items are defective for whatever reason that can include their working condition or their appearance. These items are used for parts only because they do not work.
Purchasing liquidation items can be very profitable for your business, but it is important that you know exactly what you'll be buying. Compare prices from several different companies to get the best deal that you can and you will be on your way to being a successful seller.
Do you want to learn more about liquidators and where to find wholesale products? Visit Online Wholesale Companies for up to date information on legitimate sources for products.
