If you’re a reseller looking for a large volume of liquidation merchandise, you should consider buying customer returns and overstock truckloads.
What are Liquidation Truckloads?
Liquidation truckloads are semi trailer sized loads of merchandise packed onto 26 standard 40×48” pallets with a gross weight of 45,000lbs or less. Liquidation merchandise is typically from a retailer or manufacturer and may consist of customer returns, overstock, shelf pulls or end of life products.
Why Buy Liquidation Truckloads?
- An estimated $428bn worth of merchandise was returned to retailers in 2020, up from $351 billion in 2017. This year-on-year increase means retailers have much more excess inventory they need to unload creating more opportunity for resellers.
- Liquidation truckloads contain inventory from the largest retailers in the US. Buying truckloads of this merchandise means you’re buying the same items these retailers sell so you know there is demand for the product.
- Buying by the truckload reduces your per-pallet and per-item shipping costs.
- Buying liquidation truckloads from a well known retailer mitigates the danger of buying counterfeit goods from unscrupulous online suppliers.
- Buying by the truckload rather than by the pallet splits your risk over 26 pallets rather than a single pallet, giving you much more opportunity to profit.
Common Types of Liquidation Merchandise
Customer Returns
Customer returns consist of merchandise returned to the retailer including in store or online purchases. This merchandise may be returned in various forms and doesn’t always consist of faulty products. In fact, only a minority of products are returned because they don’t work.
In 2017, customers in the United States returned about $351bn worth of products to retailers. By 2020, this figure had increased to nearly $450 billion. When a retailer receives a customer return and can’t resell it on their shelves or online they bundle this merchandise onto pallets and liquidate it by the truckload.
Overstock
Overstock merchandise is brand new, never purchased stock that is surplus inventory for a retailer. This typically consists of non performing or underperforming inventory that the retailer needs to move to clear out warehouse space to make room for different products.
Manifested Truckloads
Manifested truckloads include an itemized list of all the items that are in the load, often as a downloadable spreadsheet. Within this spreadsheet you will find line items for each of the products included in the load along with key information about each product such as; model numbers, upc codes, retail price, quantity, product category, manufacturer and product condition.
Manifested loads are useful for you as a reseller, as you’ll already have an idea what you’re buying which allows you to target pallets that contain more of the types of products you are hoping to sell.
Unmanifested Truckloads
With unmanifested truckloads you will know how many pallets (usually 26) of merchandise are included in the load without any further details on the contents or the condition of the merchandise. Unmanifested truckloads will generally sell for less than a manifested truckload since you are basically buying the load blind increasing your risk.
Buying unmanifested loads can be a great way to lower your acquisition costs if you can stomach the risk associated with not knowing the load contents. If that doesn’t sit comfortably with you then consider paying a little more to acquire manifested loads.
Storage
Making sure you have adequate storage space is also something to bear in mind before purchasing truckloads of liquidation pallets or merchandise. Do you have sufficient space to receive and store 26 full pallets of inventory? If the answer is no, it’s time to seek out a storage facility of sufficient size, whether that’s by renting or buying warehouse space.
Why Buy from Truckload Liquidation Auctions on Direct Liquidation?
Thanks to the large quantities of customer returns and overstock that PROSPERION sources from big name retailers, you’ll find a huge array of merchandise on our marketplace available to buy in truckload format.
We sell both manifested and unmanifested loads to meet the needs of all buyers.
We have multiple warehouse locations worldwide, allowing you to source merchandise from the one closest to you – allowing you to cut down on shipping costs.
In Conclusion
If you’re on the lookout for merchandise you can buy in bulk, while still not breaking the bank, you need to explore buying liquidation pallet truckloads. Sourcing from Prosperion can be a great way to acquire a steady stream of quality merchandise for your resale business at an attractive price.