Thursday, January 24, 2019

How To Acquire Holiday Returns

January 9, 2019 by krystinam  
Filed under How-To Zone

For consumers, the end of the holidays means they get to finally take a break. The gift-buying frenzy has died down, they no longer have to rush here and there, and they can finally relax. But for business owners, your year is just getting started. The new year brings many new opportunities for your business, and one of them is customer returns. Believe it or not, you can actually benefit from consumers everywhere returning their merchandise to big box retailers such as Target and Walmart.

Are you ready to get some great deals on bulk product orders? This is where Closeout and Liquidation companies come into play. Making online purchases is the new norm nowadays because they are easy, convenient, and quick. But unfortunately nothing is that simple and it comes with a price, and that price is customer returns. According to Direct Liquidation, 30 percent of all online purchases get returned. This doesn’t mean the products are ineffective or damaged, in fact most of the time the products come back still in the original packaging, but these returned items can’t be put back on the market as new, so most sellers end up liquidating their customer returns and companies like Direct Liquidation and Skygroup Closeouts buy the products at extreme discounts.

SkyGroup Closeouts deals with a variety of national and ecommerce retailers who sell returns by the pallet and truckload, according to Andy Burton, VP of Business Development at the company. With new loads coming in every day, their inventory changes quite a bit and they get a wide variety of merchandise such as apparel, furniture, home goods, food, footwear, and toys, just to name a few. Once the company turns those products around and gets them ready to be sold again, you can then buy pallets at super mark-downs and be able to sell good-as-new products to your customers, still offering a solid discount off of regular retail pricing.

“90 percent of the products will come with tags still on them,” Burton said. “Returns can come in as a customer just opened a box and then brought it back. Some also come with no boxes, but are still in good shape. It varies from category to category.”

Direct Liquidation is another company that offers customer returns pallets from online retailers such as Amazon and Walmart. Not only can you buy Amazon customer returns right on Direct Liquidation’s website, you can also search through the Walmart liquidated merchandise. This makes it easier for retailers to get rid of their unwanted merchandise and recover a portion of the cost, and allows you to get premium access to these products at super cheap prices.

“We process returns from major retailers and it goes through an inspection to see if the products are in good condition and can be sold for profit,” Michael Lawrence, Director of Ecommerce B2B at Direct Liquidation, said. “The other products that aren’t profitable, end up on pallets and get liquidated.”

So unlike the retailers who may give you junk within the customer returns, Direct Liquidation makes sure you’re getting only the best merchandise on the pallets that you buy. They do all the hard work for you! But not all companies are like Direct Liquidation and SkyGroup Closeouts, which is why it’s important to do your research on a company before doing business with them. Otherwise you could end up with pallets of cheap junk that may come at a low price, but they also have no value.

Once you’ve done your research and found a reputable company, now all you have to do is look for the type of merchandise you would like to resell, and purchase the pallets. With most companies such as Direct Liquidation and SkyGroup Closeouts, you can simply order the merchandise online. Direct Liquidation offers pick-up availability so if you’re located close to one of their facilities, you can skip the shipping fees and pick up your pallets yourself. Purchasing customer returns isn’t as scary as it may seem, and it can be very profitable for your business in the long run.

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