To do this, send a list of your excesses with numbers, codes and necessary details. Overstock, Excess, Obsolete Inventory Buyers - WeBuyExcess Why? reporting Strategies for managing excess inventory fall into a few general categories, including: With that in mind, here are 12 ways to apply these general strategies: Good inventory management starts with accurate inventory tracking. If so, developing new products can be a smart way to sell overstock inventory. Overstock happens when unsold inventory accumulates in volumes that exceed sales projections. Alternately, consider giving every customer who purchases a high-demand item a bonus. Trends, seasonality and the stock market can all influence sales. While the marketplaces connect you to a buyer, they do not charge fees for this service or intermediate payment. Good deal. Adjusting your sales strategy offers another way to move excess inventory. If they pay after the sale, they will likely pay you 30-50% of what the item sold for. You can reach us by E-mail, Phone, LiveChat, or WhatsApp, 24 hours a day, 7 days a week. We manage the process of liquidation, completing the product cycle while effectively maximizing our clients return. A broad mix of categories perform well, from home to health and beauty to electronics to consumables, the list goes on. 799 Coliseum Way Midvale, UT 84047 | 1-800-843-2446, Start Overstock happens when unsold inventory accumulates in volumes that exceed sales projections. It is located at 6931 Arlington Road, Bethesda, MD 20814. We also work directly with businesses in pre-planning of a bankruptcy. We don't re-market product directly. Get industry-leading advice to help you make confident decisions. This way the high-demand item then can drive sales of the overstock item, which is included with it at a reduced price but still high enough to turn a profit. Adjust the way you showcase and price your overstock inventory. While this may not be for everyone and can be a significant time commitment as you have to physically be there selling often over the weekend, many sellers actually love it. In addition to Amazon fees and storage, sometimes your item is just too slow-moving or the marketplace has become too competitive to make a profit. Over the last year, Overstock.com Inc has hit prices as high as $39.24 and as low as $17.05. If our offer is accepted, our freight coordinator will arrange for one of our 53 trailers to pick-up from your warehouse, at no charge to you. 407 Dominic Court, Franklin Park, IL 60131. Benefits of selling your waste, overstock, and damaged inventory. We dont re-market product directly. Easy call, quick response. This category only includes cookies that ensures basic functionalities and security features of the website. First and foremost, if you aren't already selling your products online, having excess inventory is a great motivator to set up an online store. simple and easy. No need to buy a pallet of junk and sort it yourself, we've done the heavy . These cookies track visitors across websites and collect information to provide customized ads. By conducting an inventory audit early in the process, you'll know exactly how much additional inventory to order from your suppliers. That feeling of value doesnt have to hurt seller margins though; Tophatter has a suite of tools and a team of specialists to help sellers get the most out of the auctions. 16 Ways to Reduce Surplus Stock and Sell Overstock Inventory. capabilities. For more on fees, items that work best, and how to succeed on consignment marketplaces, check out our post on eCommerce selling tips for Tradesy, Poshmark and Mercari. Contact us, You get paid for your stock and we take it from there, (50% upfront - balance once goods are received), Managing inventory can be a difficult job. It is hard to deal with due to damages, taxation, and insurance.
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