Retail Liquidation Consulting And Advisory Services
Michaels Global Trading partners with some of the top buyers and sellers in North America, connecting our clients to the best possible resources for resale and liquidation efforts. When you work with one of our professional advisors, you gain years of experience and an entire network of support.
Working with retailers throughout a variety of niches and industries, Michaels Global Trading can help you determine the best course of action for your merchandise based on deadline, budget, and your current financial situation. Our job is helping you succeed, whatever your final goal may be.
Learn More About Liquidation Sales
If you browse the extensive listings on the liquidation sites we’ve introduced you to, you’ll be sure to find incredible bargains in a near-limitless number of categories.
As long as you are prepared to shop around on a few different sites, you will easily be able to find much better deals than you can in regular stores. Just bear in mind that you are unlikely to find the latest and newest gadgets after all, these are liquidation sales.
Image Credit: Vadim Vasenin/DepositPhotos
Wholesale Closeouts Liquidators Surplus Merchandise Of Department Store Products
Welcome to CloseoutsLiquidators.com!
We are a below-wholesale distributor and exporter of goods and liquidation merchandise. We offer a complete range of products to choose from. Everything you find in a department store, office supply store, or hardware store, we have available!
Read more about us or use the sidebar to browse items, quantities, and prices. Questions? Contact us from the Web site, send us an email, or simply call us at the #1-800-336-9133.
Liquidation goods focus in liquidation wholesale products, overstock lots, closeout brand name clothing, shelf-pull jewelry, used footwear and apparel, and more surplus goods from most department stores in the United States. Our center of attention is on clothes, cosmetics, bulk electronics, liquidation tools, brand name toys, clearance handbags, wholesale perfumes, and more. Choose from pallets, lots, or truckloads for cheap prices on the wholesale dollar!
If you are looking for flea market items, major appliances, dollar store merchandise lots, or merchandise from Amazon …. We are your source for quality affordable products! We welcome visitors to stop by without an appointment!
Find the merchandise you need for your business – prepared to ship anywhere in the United States. One of our sales representatives will be glad to help you. We ensure delivery will be quick and easy. Call or email us to learn more!
Here are our latest listings.
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Tips For Buying From Liquidation And Clearance Websites
So what is the best way to maximize your chances of making a profit when buying clearance or liquidation stock?
Weve covered this in detail in Sourcing Products from Liquidation Companies: The Essential Guide, and here are the headlines:
- Get a resale certificate most US liquidation companies require one before you buy from them.
- Analyze the manifest get as much detail about what you are buying as you can.
- Understand manifest variance you could be entitled to some money back if the goods vary significantly from the manifest.
- Know all your costs liquidation stock can be very time consuming to process and can tie up money for long periods of time.
- Consider quality and grading there might be little detail on the goods quality in the manifest, so get to know the company and their grading specifics before buying a lot of stock.
- Plan the logistics shipping costs can vary widely, and you might be tied to using the companys own logistics provider.
- Specialize build up your knowledge and expertise in a specific product category.
- Watch out for expiration dates clearance products can be in the supply chain for a long time.
- Build up slowly dont spend your full working capital at once. Take small risks and build up your knowledge slowly but surely.
Get the process right, and there is a huge amount of money to be made. Get it wrong, and it could ruin you.
This article was first published in November 2018 and last updated in July 2021.
Why Source From Direct Liquidation
- More profit Bulk buy inventory and save big. We have 6 convenient warehouse locations to ship from allowing you to reduce your freight costs by shipping from a location close to you
- No middle man We are the direct liquidation agent for top national retailers and manufacturers. Buy direct from the source and cut out the middle man. We sell virgin loads that are not cherry picked.
- Large volume We can provide you with access to inventory quantities as large as truckloads across over 100 different product categories whether you need untouched General Merchandise, Apparel or sorted Customer Returns. Spend less time sourcing and more time selling.
- Less risk All of our lots are fully manifested **. You can see what you are buying before you actually bid.
- High quality inventory Our lots consist primarily of retail returns often in the original packaging. Brand new overstock and unsold inventory is available as well.
- Save time We also sell sorted customer returns pallets in over 40 different sorting categories. No need to buy a pallet of junk and sort it yourself, weve done the heavy lifting for you already.
- Steady supplier We receive a steady stream of new inventory by the truckload to make sure you stay in stock.
** Untouched GM and Apparel loads are not manifested. Sample manifests for these load types are available upon request.
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How Can I Find Liquidators In Canada
There are a surprising number of liquidators in Canada, along with liquidators in other countries that ship here. You can arm yourself with a spreadsheet and start searching online or in business directories . If youre lucky, youll find one close enough to you for pickup, thus avoiding shipping costs. You can also hire a reputable broker to help you find more options and negotiate deals.
Research product sales and popularity, as you would for any product or category before you buy it. Search the larger marketplaces and try tools like to increase your chances of ending up in the black.
Dont be afraid to approach manufacturers and local retailers directly, because you can make even more money by skipping the middleman. The same goes for local auctions, like annual police or government surplus sales. Larger retailers may liquidate their own products too, offering a wholesale-like arrangement for registered businesses only. Tradeshows can be a wealth of information and connections. Theres a good listing of Canadian tradeshows at 10Times.
Carefully read the description and manifest before ordering or bidding, as well as the terms of sale and FAQs. When dealing with new companies, place a smaller order so you can determine the quality you can expect and how the business performs. Recommendations from other sellers are golden, but often they dont want to share their suppliers with other sellers.
Following are a few liquidators that were familiar with:
Common Problems Buying And Selling Liquidation Stock
Selling liquidation stock is a popular but challenging business model. Rookie sellers often believe they can make huge profits by buying cheap inventory and selling it at the full retail price. But profit margins often fall far shorter than planned.
A common problem with buying liquidation stock is it is often difficult to know exactly what you are going to get. The condition of the items makes a huge difference to the value. Products can be faulty or broken, or might need repackaging or repairing. Even goods categorized as new in box might have dirty packaging from being on shelves for a long time. You can get good pallets and bad pallets, and its not always possible to know which it is going to be just from studying the manifest.
Many liquidation sellers will include in their manifest an indication of MSRP , which can make potential profit margins look appealing. But the true value of a product is the price that its selling for now, not the suggested retail price. By the time that products hit the liquidation channel, the current price will often be way below the MSRP.
Detailed and accurate manifests are very important. However, be aware that the more detail in the manifest, the higher the liquidation companys processing costs and therefore the higher their mark-up. You have to find a combination that works for you in terms of risk, investment and profit potential.
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Off Price & Discount Retailers
If you need wholesale bulk merchandise to stock your off-price retail store or chain then we are your one stop shop. Countless discount and off price retailers source their inventory with us.
We carry a huge selection of retail returns, shelf pulls, overstock and end of life products in addition to our own in house refurbished consumer electronics inventory. Whatever inventory you may need you can bet we have it by the carton, pallet, LTL or truckload.
A Guide To Online Liquidation Sites
Weve all heard it liquidation has gone online. But where exactly? There are quite a few online liquidation sites to choose from, but not every marketplace operates the same or will fulfill your business needs. In this post, well break down a few different websites to help you find the best liquidation site for your inventory needs.
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Get Started On An Online Liquidation Site
There are quite a few options available when it comes to buying liquidation and wholesale inventory. And there is even more to consider when you go on to resell said inventory. Luckily, B-Stock is with you every step of the way. There is a starting place for every buyer on our site, starting with B-Stock Supply to all 65+ of our private marketplaces. The most important thing is to find a reliable source to fit your business inventory needs. A great way to begin is by browsing through current auctions and the merchandise available to see if its a match. Wed love for you to start your buying journey with us on B-Stock. Check out all of our live listings now!
How To Buy Liquidation Pallets By Store
Consider this: Consumers spent$861.12 billion online with U.S. merchants in 2020. And a whopping 30% of those purchases will get returned . There are a few reasons why online purchases get returned maybe the item was damaged in transit, looked different online, doesnt fit, or was sent the wrong item. But 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. In fact, many resellers are making money from home online this way!
The best part is almost every retailer you know and love liquidates. Meaning, you can find inventory across the broad retail spectrum. From apparel and health & beauty to home & garden and consumer electronics, any consumer product you can find on shelves can ultimately end up on the secondary market. Were going over how buyers like yourself can buy liquidation pallets by store.
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Wholesale Inventory For Any Sales Channel
Direct Liquidation is your #1 source for liquidations, closeouts, retail returns and refurbished inventory. In the past, large retailers and manufacturers simply didnt have the proper channels to offload their unsold and returned merchandise.
Today, this inventory is packaged into wholesale lots on marketplaces like DirectLiquidation.com and sold off to the highest bidder who then resells the merchandise for a profit via their own sales channels.
No matter what channel you use to sell from we have high quality merchandise available below wholesale prices that you can turn into profits for your business.
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.
And fortunately, buying liquidation pallets has never been easier! Throughretailersofficial liquidation marketplaces, youre able to maintain an 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.
What do we mean when we say a wide range of product conditions, you might ask? Well, exactly that. You can source brand new, good/fair, like new, mixed, salvage, grades A-E , scratch & dent, refurbished, and just about any other inventory type under the sun!
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How Do Clearance And Liquidation Websites Work
Retailers liquidate stock, meaning they sell it off cheaply and in bulk, because they cant sell it at full value through their brick-and-mortar stores or their websites.
Why cant they sell it at full value? Well, liquidation stock might include customer returns, that take a lot of manual work to check over, and even then cant be repackaged in exactly the same way as when they were new. Or it might simply be overstock the retailer bought too much of a particular product and has been unable to sell it all. When new products come along that will sell better, they need to make room in their warehouses and on their store shelves.
To clear this stock quickly, retailers often sell it to specialist liquidation companies very cheaply and in very large volumes. This gives them a quick return and minimizes the time they have to spend examining and cataloging the stock.
The liquidation companies then process the inventory item-by-item, package it into boxes or pallets, set the price, and sell it on to smaller businesses and marketplace sellers. The majority of websites listed here work in this way.
Some clearance and liquidation auction sites, like BoxFox and B-Stock, connect buyers and sellers directly, as an online marketplace, rather than buying the stock themselves.
Risks Of Selling Liquidated Products
Its important to begin with your eyes wide open. Research everything from the liquidators terms and conditions to the average resale price of each item. Most sales are final and there is always a certain level of risk involved.
Case in point, Roy Dirnbeck, a Canadian liquidator, told CBC the pallets are packed to sell, which usually means displaying popular products on the outside and hiding less desirable products deep in the pallet.
There is less risk involved with new or like new stock, such as products from retailers who are going out of business or clearing stock for whatever reason. However, many of the best deals come from customer returns. They can be unsorted, as is items, or they might be sorted by condition or graded. If you can repair broken products you could enjoy even higher profit margins, as is the case with cleaning up items from insurance claims. Regardless of which condition you go for, expect up to 30% will be unsalvagable and factor that into your projected profitability. If you do better, its a bonus.
Speaking of profitability, budgeting for this business model can be difficult, mainly because youll have no idea what youre buying or how much you can sell it for. The cost of shipping, storage and other costs can seriously impact profitability. Additionally, youll have to factor in the cost of your website, marketplace fees and any marketing you have to do.
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Here Are Some Truckload Liquidation Tricks You Need To Know To Soar
The location should be the first in your scheme of things before setting up your business. This will determine a whole lot about the turn which the merchandise will take.
You will most definitely be in need of a warehouse to store your products if you plan on operating a physical store. You will also need to have a workable budget plan.
If youre considering an online store, then the concerns and key factors to putting into consideration will take a turn and the game will change.
Depending on your choices and preferences, the decisions, you make will serve as a large determinant of your success and recorded a profit. Getting the name of your store in the faces of the masses is of utmost importance. This is to ensure that the efforts of purchasing your liquidated merchandise will be well effected.
Provide Extra Services
It is not enough to go low and sell low you need a dose of the right stuff which will serve as the âextraâ and attractive ingredient for profit booming. Through the right tactics you might gain some loyal customers, it is important that you keep them and put forth measures to gain more. Incorporating little fixes and repairs can be that big deal that will attract so many customers. You need to work with this extra edge.
Social Media Presence
This can also assist you in giving your customers ahead upon any form of inventory that is received.
Special Offers on Occasion
Discounted prices work like magic! Try it and feed us back as soon as possible.
What Is The Quality Of Closeout Liquidations By The Truckload
We would not do a thorough job without talking about the quality of closeout liquidations. Depending on the methodology employed in obtaining the merchandise, the quality can vary from low to high. The merchandise falls into one of two categories:
- The ones which are not new but in perfect working condition.
The ones which are not new are often purchased at reduced prices than other liquidated goods.
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