When we see a great deal, we often wonder if it’s too good to be true. Many people avoid the liquidation industry because they don’t want to get stuck with cheap or used products that aren’t worth their salt and ultimately won’t help them turn a profit. That’s why it is so important to understand where liquidated inventory is coming from before you buy it. If you’ve ever wondered where liquidation pallets come from, we’re here to answer that question today.
Liquidators do not acquire their products from cheap manufacturers overseas - rather, they obtain their goods from big-name retailers that you already know and trust. Here at Nice Find Wholesale, we are selective when it comes to which brands we partner with because we want to deliver"quality inventory" to small business owners in the Midwest. Some of the brands that we work with include:
- Amazon
- Walmart
- Home Depot
- Wayfair
- Target
- CVS Pharmacy
- Walgreens
- Costco
- Sam’s Club
Why are these major retailers willing to partner with a midwestern small business like ourselves? Because we function as a middleman to help them with a major pain point in their business: reverse logistics.
Reverse logistics is the process by which products and goods are moved from their final destination back to the distributor, into a landfill, or into another part of the supply chain. Retailers don’t want to lose money - which means they are eager to offload their unwanted goods for a profit. Nice Find Wholesale, along with other businesses in the liquidation industry, offers these businesses a way to seamlessly eliminate unwanted inventory while turning a profit.
Why do these businesses want to get rid of their products? Keep reading to find out.
Liquidation Pallets Bring Overstocked Items To Your Business
Many large retailers routinely overstock goods to avoid selling out. Sometimes this happens because a retailer majorly overestimates how many sales they will make, and other times this occurs as a result of the discounts they acquire when they buy their products in bulk.
There comes a time when these retailers must either dispose of or sell those goods to make room for new products. Unwanted inventory is not worth keeping - it must be stored somewhere, and that storage costs money and wastes space. All that unwanted inventory is either going into a landfill or into the hands of a qualified bidder who will purchase them by the truckload.
That’s exactly what we do at Nice Find Wholesale. We build relationships with these retailers - and when they have too much overstock on their hands, we buy that inventory from them at a discount. Then, we organize those goods and sell them back in boxes, pallets, and truckloads to small businesses that need quality merchandise for their customers.
The Best Way To Stock Up On Seasonal Goods
Another reason retailers need to offload products is due to seasonal changes. Seasonal goods are a necessary asset to every major retailer - but they also have a limited selling period. Once Christmas is over and Walmart is ready to ditch all of its Santa-themed products, where do they go? Once again, this is where liquidators come in. We happily buy these products at a discounted rate and offer them to businesses who are ready to provide great deals to their communities.
Oftentimes, seasonal goods are still available to liquidators during their ideal selling period. But since most major retailers start selling for any given holiday months before it arrives, they generally start offloading some of these products before the season is over. This is not always the case, but when it happens, we are eager to snatch up these goods and get them into the hands of bin store owners, pallet flippers, and flea market flippers alike.
Choosing A Trustworthy Liquidator Makes All The Difference
So are liquidation pallets always worth it? I’ll be honest - no, they aren’t. Not every liquidator is going to be selective with their purchases. Additionally, not every retailer sends goods in the best condition. Some loads will include returns, damaged goods, and low-value items that didn’t sell for a good reason. This is why you must find a trustworthy liquidator who does their research, builds relationships with their suppliers, and operates with transparency.
We try to do exactly that at Nice Find Wholesale. We have learned to get all the information possible before buying from a retailer - and we’ve built relationships with our suppliers, so we know what we’re getting (even if we don’t know exactly what we’re getting). Additionally, we evaluate every shipment that we receive and we don’t sell anything to you that we wouldn’t put on the floor back in our bin store owner days.
Most importantly - we believe in full transparency. You are welcome to visit our warehouse, see our inventory, and make an educated decision for yourself about what you’re ready to buy. We are a friendly, local midwestern business and we intentionally build relationships with all of our clients. For us, this business is only a success when we see our clients and their customers happy.
Have any questions? Schedule a visit - you can get them answered in person and see the liquidation pallets we currently have on hand.
