5 Things You Must Do Now To Liquidate Your 3PL Warehouse.
If you have overstock inventory and other closeouts sitting in a 3PL warehouse gathering dust, it may be time to consider getting rid of all your old stock and replenishing it with new merchandise. A simple Google search for sell excess inventory or get rid of inventory will result in finding surplus liquidators and closeout brokers who can help you clean out the warehouse.
3PL warehouses have become very popular in recent years because there is so much excess inventory in the market and business owners need space to store dead stock. There is no doubt they can be a great way for businesses to manage excess inventory that is dead stock sitting idle in the warehouse. But when you have excess closeout merchandise or old surplus inventory that is no longer selling, it is important to get rid of this dead stock so you don’t continue paying storage fees and long term Amazon FBA storage. There are overstock inventory companies that only buy closeouts and excess inventory and they can help you with this problem. In fact, there is an entire inventory of businesses that buy excess merchandise at your disposal. These merchandise liquidators are located all over the country and some buy small size lots of closeouts while other closeout brokers handle large deals.
You will need to take some steps to accomplish this goal, but in the end it will be worth it because you can save yourself a lot of money on dead stock. First you must get a handle on the merchandise that is no longer profitable; basically any closeout merchandise you want to get rid of to surplus liquidators. To do this you can run sales reports and flag any items that are either slow moving inventory or have not been selling at all. These are the items that are likely sitting in your warehouse or being charged long terms storage fees at Amazon FBA. They are products that no longer generate profits, and you will want to contact excess inventory buyers to see if they would be interested in buying closeouts similar to what you have.
Once you identify the items or excess inventory to get rid of, you will want to get an accurate count of what you have. Surplus liquidators and excess inventory buyers will all ask you pretty much the same questions, and one of the first will be what your quantities are. It is not uncommon for a company to have more liquidation merchandise than they originally thought, because when old inventory sits in the warehouse for a long time it is often overlooked. Once you put your mind to identifying this overstock merchandise you may find more than you think and there are a lot of companies you can contact who will buy liquidation stock. But this should not be a problem because companies that buy excess inventory and discontinued products are accustomed to buying closeouts in very large quantities.
After you complete your inventory you will want to take pictures of all your closeouts. When you contact various liquidation companies who are buying closeouts, they will likely all ask you some of the same questions. You will find that any excess inventory buyer will ask you for product descriptions of all the closeout merchandise you are wanting to sell, quantities available, case pack information and pictures of all the overstock inventory. Some may also want to know where the inventory is located and how many pallets it will be. Because shipping has become so expensive through the Pandemic, closeout brokers and surplus liquidators must factor the cost of shipping into any offers they are willing to make for your closeouts. In the past, it may not have mattered how much shipping was because liquidation products were cheap enough that the freight cost was a small fraction of the cost. But with freight rates up more than 100%, your closeouts may not be as good anymore to these companies that buy closeouts.
Your final step in this process will be to do research on companies that buy liquidation stock. There are some inventory liquidators that specialize in specific categories, while other companies that buy closeouts take a more general approach when buying closeouts. There are a lot of excess inventory buyers in the United States, so you should search online as well as talk with friends and business associates who have already had experience selling excess inventory. It is possible you already know someone who can buy excess stock or refer you to other closeout merchandise buyers. Once you have a number of viable liquidation buyers, you can begin calling each of them to find out what there level of interest may be for your closeouts.. It shouldn’t take long before you find someone who can make you an offer.
Buying overstock items does not have to be a stressful experience. Getting rid of old inventory is easy once you identify the right companies who can help. Product liquidation companies exist in all shapes and sizes so your job is to find the best one, or ones, to help with your particular situation. Take some time and review your different options when you have liquidation inventory for sale.
Merchandise USA buys closeouts and excess inventory of toys, sporting goods, lawn and garden, home décor, housewares and all consumer closeouts. We have been an inventory liquidator since 1984.
