Consider this: Americans spent $601.75 billion shopping online with U.S. merchants last year. And a whopping 30% of those purchases will get returned (compared with just 8.9% for in-store purchases). Common reasons online purchases get returned include damage in transit, received the wrong item, the product looked different online, or the item doesn’t fit. So where does all of that returned merchandise go? Unfortunately for retailers most of it cannot be resold on primary shelves, so it gets liquidated. While retailers have always relied on liquidation and wholesale to resell excess inventory and customer returns, the shear rate has skyrocketed, leaving retailers scrambling to keep up. This equals a great opportunity for small businesses looking to buy and resell liquidation pallets
Buying Liquidation Pallets for Your Business
Due to the volume of customer returns and excess inventory, retailers need new solutions to offload all of this merchandise. While many still use traditional liquidators, others are turning to online B2B marketplaces –– allowing buyers to access their top-quality, brand name goods directly at a fraction of the price. And with a wide range of product conditions, shipment size options, and budgets, there is liquidation inventory available to support every business need.
Fortunately, for you, buying liquidation pallets has never been easier! Through online auction platforms, you’re able to maintain inventory of great products for your customers, get deep discounts on top brands, and increase profits. Gone are the days of shady back door deals with less-than-reputable liquidators. Through online liquidation auctions, you gain direct access to retailers, save time, eliminate the middleman, lower risk, make more money, and have a steady supply of inventory.