Liquidated stock, which includes customer returns, is a great way for small businesses to replenish their inventory. Companies that can benefit include retail stores, eBay enthusiasts, and flea market vendors. They purchase this inventory at a fraction of the original retail price with the goal to resell the products to consumers at substantial discounts.
Target returns are often in 'like new' condition. This makes it tough for the consumer to distinguish it from the one on the actual store shelf. Often their returns are those that are the wrong style for the original customer. These items usually cannot be placed back on the shelf due to damaged packaging, removed labels or other minor issues. One of the best times to acquire liquidated stock is after the holidays when retailers receive a surge of customer returns.
The size of liquidation lots can vary from one pallet to an entire truckload of liquidated inventory. This stock can include customer returns, refurbished products (in the case of electronics returns), or discontinued inventory. It’s up to the buyer to decide which lots fit their specific needs.
If you’re looking for inventory at very low prices, Target returns may be a good way to go. However, Target returns and other liquidation inventory tend to circulate around the broker community. This will sometimes mean you are buying from a third party (not Target directly) and you run the risk of these lots being cherry picked for the highest value items. Be very careful when buying from anyone other than the direct source. There are many people out there who will misrepresent product lots.
It is due to this risk that I recommend buyers join the B-Stock Sourcing Network. The process for purchasing inventory from B-Stock Sourcing Network sellers is incredibly easy. The Network provides access to major retailer liquidation inventory directly, including: Walmart returns, Sam's Club returns, Macy's returns and many more. You register with a retailer’s marketplace directly and then browse the manifests of each auction. An accurate manifest is included to give you a detailed description of the lot’s contents. Once you’ve reviewed the shipping and payment terms, you the outbid your competitors to win the lot.
When you work with the B-Stock Sourcing Network, you can be sure that the inventory you’re purchasing is direct from the department store and does not include the typical middleman markups. Avoid the mistakes of inexperienced liquidators by working with a top notch company that shows proven results. After all, there’s a reason their buyers love them.