Wholesale Liquidation companies are sort of like wholesalers where you can get goods in lots for a much lower rate. This is because of these companies buying the excess inventory from big retailing giants at a lower rate.
What happens is that big retailers like Walmart and Amazon have there own warehouses, where they stockpile products they buy from the manufacturers. This is done to ensure fast shipping of goods.
But sometimes you need to sell off the surplus inventory to make space for new products and this inventory is bought by liquidation companies at a wholesale rate and thus are able to provide these goods at a lower rate to small businesses.
Bulq is a popular US-based Liquidation company. They have a website where one can browse different goods and decide on which to buy. Then one needs to register and make a purchase. Their daily purchase limit is $10,000. Here are a few other Liquidation websites.
QuickLotz.com is the number 1 liquidation company on this list. It is known for providing the top-quality services in this market which is hard to find elsewhere. The company has its headquarters in Rutherford-ton, North Carolina.
For any small business customer support is very important and Quicklotz is able to provide a very decent customer service support. They are also able to offer a very large and complete inventory which can be difficult to get in other places.
They have a different system in which they sell the lots on set prices rather than doing an auction. Small lots also come with free nationwide shipping.
QuickLotz understands that buyers might need to physically experience the items before buying the lot which is why they allow buyers to come and inspect the lot before buying. They have warehouses in Laredo and Arlington TX.
2] 888 Lots
888 Lots is another US-based liquidation company which is present at Linden, New Jersey. They have a wide range of products which vary over 30 categories and have over 100,000 items. They do have a fixed price for the lots but do allow negotiations which one can do with their sales representatives.
To purchase merchandise from 888 Lots one needs to register by filling out a customer form. Valid business registration is needed for people who live outside the US and for the US customers valid resale certificate is required.
They do provide shipping and the cost is calculated automatically when you add items to the cart. But if you want to arrange your own shipping they also provide the option for that. Their pallets come with lots of information from product image to the description to Amazon seller rank to the reviews to the estimated profit.
Liquidation is a Washington-based company. Liquidation.com is a website which is sort of an online business front for the company. They have a wide variety of goods ranging from fashion goods to computers to electronic goods.
They boast a huge clientele and claim to have around 3 million customers in over 200 countries. Unlike many other such companies, Liquidation at its core is a Liquidation company which is why they are able to provide attractive rates to the customers.
The website lets you have two types of bids for the goods. One is an open bid where you have the advantage of seeing what your competitors have bid. The other one is an open bid where one can just bid and hope for the best.
4] Direct Liquidation
Direct Liquidation is a US-based Liquidation company situated in Miami. They provide one of the widest ranges of products which are spread over 100 categories. The goods are marked as end-of-life products or shelf-pulls or overstocks and the price is set based on that category.
They do business with the largest retailers in North America and are also refurbishers as they refurbish certain goods back to industry standards.
Their general purchasing process is an auction. There one needs to submit their highest bid. The system will then calculate and let you know how much you need to bid to become the top bidder.
Some items do have other purchasing options where one do not need to go through auctions. They also provide a 90 days of warranty when it comes to their refurbished products.