Liquidating excess and obsolete inventory is a common issue in supply chain management. Fortunately, it doesn’t have to be a liability. Instead of letting excess inventory accrue carrying costs, consider taking advantage of practical opportunities to sell and generate cash. With technological advancements, you can sell inventory from anywhere in the world. There are numerous websites that allow you to liquidate inventory quickly and easily with just a few clicks. Regardless of the size or structure of your business, liquidating excess inventory can generate additional income to reinvest in your operations, rather than leaving money tied up in unsold products.
[Read More: Optimizing Inventory and Lead Time Management]
List of 12 Websites to Liquidate Inventory
- LiquidateNow
- Overstock Trader
- SELL Inventory.com
- B Stock Supply
- AAA Closeout Liquidators
- Product Liquidators
- Kole Imports
- Merchandise U.S.A
- BoxFox
- Liquidation.com
- 360 Components
- J2 Sourcing
We will now expand on these twelve websites that can help you liquidate your inventory and convert it into cash effortlessly. We’ll explore each website’s links, process, and years of experience to give you a better understanding of their services.
LiquidateNow
LiquidateNow is an established online platform specializing in liquidating excess and unneeded inventory. If you’re concerned about inventory carrying costs and want to liquidate your products, LiquidateNow is here to help. The website accepts a variety of products, including earphones and music accessories, branded shoes, home sound equipment, fashion shoes, mobile accessories, and backpacks. With over 12 years of experience in completing successful liquidation sales, LiquidateNow has built sustainable relationships with manufacturers, sellers, and buyers.
The process of selling your inventory on LiquidateNow is straightforward. Simply provide a proposal that includes the type, quantity, location, and reason for liquidating your items. If you’re targeting a single buyer, you can either ship the goods to LiquidateNow or keep them in your possession, and they will be marketed to a buyer interested in purchasing everything. Once the sale and delivery are complete, you’ll receive payment. Best of all, there’s no upfront fee required.
Overstock Trader
Overstock Trader is a US-based service provider that specializes in helping businesses liquidate their excess and slow-moving inventory. Overstock Trader aims to get top dollar for the inventory sold by connecting sellers of excess inventory, including overstock, closeouts, surplus, and inventory liquidation, to top buyers and discount retailers. Overstock Trader manages the largest private industry LinkedIn group, with nearly 8,000 members, which gives it a broad reach across most product categories to find top buyers in different industries. Overstock Trader works with both branded and unbranded merchandise and has a network of buyers that includes all the major discount retailers, wholesalers, closeout buyers, and even exporters.
Rather than buying excess inventory for the lowest price, Overstock Trader helps its clients get the highest value for their inventory. Since 2011, hundreds of businesses have relied on Overstock Trader to quickly and discreetly sell their excess inventory. Business owners can take advantage of their experience and huge LinkedIn group to find the best buyers for their excess inventory.
SELL Inventory.com
SELL Inventory’s main goal is to help businesses optimize profits by selling their unwanted inventory to inventory buyers. It’s an easy process that can benefit your business. SELL Inventory has been leading the industry for over 30 years and all you need to do is provide a detailed request that includes your name, company name, phone number, email, inventory quantity (wholesale or retail), and location. The categories of inventory accepted by SELL Inventory are extensive and include food, chocolate, paper products, housewares, electronics, furniture, and more. You can find SELL Inventory at 704 Ginesi Drive, Suite 27, Warehouse #3, Morganville, NJ 07751.
There’s no upfront payment required, and you can submit a free inquiry to get started.
B Stock Supply
B Stock Supply offers an auction platform where reputable sellers can connect with business-oriented buyers. The platform features a wide range of categories, including appliances, automotive, books, cell phone accessories, commercial assets, sporting goods, and more. To participate in the platform, buyers must register, while sellers must apply to sell. Once you have filled out and submitted the form, a representative will contact you to complete the registration process.
AAA Closeout Liquidators
AAA Closeout is a top-rated website for closeouts and liquidation activities and has been recognized as the “Best of the Web” by Forbes Magazine. This platform makes it easy to liquidate inventory by filling out a form that includes images of the stock. There are no commissions charged to buyers or sellers, making it a hassle-free experience. Over the past 39 years, AAA Closeout has bought and sold a variety of categories, including building supplies, clothing and fabric, general merchandise, and more. If you’re looking to liquidate inventory, you can find AAA Closeout located at Albany, NY 12207.
Product Liquidators
Product Liquidators specializes in liquidating wholesale merchandise for companies, providing a hassle-free and low-risk solution for inventory liquidation. You can liquidate inventory from anywhere by simply making a call or filling out a form on their website. To get started, provide brief information about the inventory, upload an image, and state your location. Once your submission is reviewed, you will receive full payment and prepare the items for pick-up. Product Liquidators accepts a wide range of categories, including anything that is retail-ready.
Kole Imports
Kole Imports is a wholesale buyer that purchases closeouts in various categories, including pet supplies, automotive, toys, and more. With over thirty years of experience, Kole Imports is the best platform for selling any excess domestic item. Located at 24600 Main Street in Carson, CA 90745, their platform offers competitive wholesale prices to buyers.
Merchandise U.S.A
Merchandise USA has been liquidating excess inventory and selling closeouts for 35 years. To sell your inventory, simply provide a detailed list including your name, company name, email, location, item description, and reason for selling. The categories of items that Merchandise USA purchases include giftware, home decor, handbags, and sporting goods. Their location is at 3021 W. 36th Street, Chicago, IL 60632.
BoxFox
BoxFox is a solution for those seeking to liquidate inventory in a fast, one-time transaction. The company, with over 33 years of experience, has built an extensive network of sellers and buyers, and is particularly interested in new condition stock. Buyers pay shipping costs, while sellers are charged a 5% transaction fee, making cost management a priority. The BoxFox warehouse is located in Chicago, IL.
Liquidation.com
Liquidation is a premier online platform for auctioning off inventory. With a wide range of categories including clothing and accessories, computers, industrial tools and machinery, housewares, and many others, Liquidation provides an effective way to liquidate inventory. Sellers can easily register to be part of the network. Liquidation is located at 6931 Arlington Road, Bethesda, MD 20814.
360 Components
360 Components is the perfect solution for those seeking a platform to liquidate inventory to its extensive network of 2,500 customers at a fair price. With over 30 years of experience in the electronic components industry, all you need to do is complete an online form with your name, email, address, phone number, product, manufacturer’s ID, and quantity. 360 Components accepts a variety of electronic components and is based in Ho Chi Minh City, Vietnam at NO: 0508, Block T4 Diamond Island Building, Dist 2.
J2 Sourcing
J2 Sourcing is a reliable platform that caters to the needs of its customers by providing a wide range of stocks. It is also a perfect place for sellers who want to liquidate inventory. J2 Sourcing has a team of professionals who can help you find buyers for your stock. The platform specializes in different types of electronic components and has been in the business for 13 years. To partner with J2, the seller maintains the ownership title of their inventory until it is sold, even if it is stored physically at J2. The business is located at Kantyxegatan 29, SE-21376 Malmo, Sweden.
Liquidate Your Inventory and Reinvest in Your Business
Don’t let excess inventory weigh you down – it’s time to take control and turn it into cash! By leveraging the power of online websites specialized in helping you liquidate inventory, you can quickly sell your unwanted products and reinvest the profits back into your business. With user-friendly interfaces and professional expertise, the above websites are a surefire way to streamline the liquidation process and maximize your profits. Don’t waste money on warehousing and maintenance costs – start liquidating your inventory online today and watch your business thrive!
FAQs
What does it mean to liquidate inventory?
To liquidate inventory means to sell off excess or unwanted goods quickly in order to convert them into cash. This process is typically used by businesses to free up space, reduce carrying costs, and improve cash flow. Liquidating inventory can be done through various channels such as auctions, online marketplaces, or through third-party liquidation companies. By liquidating inventory, businesses can avoid the costs associated with storing and maintaining excess goods while generating immediate cash to reinvest in the business.
Why liquidate inventory?
As mentioned before, businesses choose to liquidate inventory for various reasons such as overstocking, discontinuation of products, change in season or trend, or simply to reduce costs. By liquidating inventory, businesses can avoid the high cost of storing, maintaining, and insuring excess inventory, and turn their dead stock into cash which can be used to invest in other areas of the business. Additionally, liquidating inventory also helps prevent waste and minimize losses due to obsolescence or damage.
How do I liquidate my inventory?
If you want to liquidate inventory, there are several ways to do it. One option is to sell your excess inventory to a liquidation company that specializes in purchasing and reselling overstocked or discontinued items. You can consider using any one of the 12 websites we have featured above.
Another option is to host a clearance sale or offer discounts to customers to move the products out of your inventory quickly. You can also consider selling your inventory on online marketplaces or through social media platforms.
When choosing a method to liquidate inventory, consider the cost of each option, the time it takes to complete the process, and the potential return on investment.
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About the Author – Dr Muddassir Ahmed
Dr MuddassirAhmed is the Founder & CEO of SCMDOJO. He is a global speaker, vlogger and supply chain industry expert with 17 years of experience in the Manufacturing Industry in the UK, Europe, the Middle East and South East Asia in various Supply Chain leadership roles. Dr. Muddassir has received a PhD in Management Science from Lancaster University Management School. Muddassir is a Six Sigma black belt and founded the leading supply chain platform SCMDOJO to enable supply chain professionals and teams to thrive by providing best-in-class knowledge content, tools and access to experts.
You can follow him on LinkedIn, Facebook, Twitter or Instagram.
