Wholesale Liquidator

What You Need to Know Before You Use an Inventory Liquidator

Surplus inventory can break a business. If you have found yourself in this position, you are not alone and you do have options.

Find out what you need to know when working with a Wholesale Inventory Liquidator.

The following 7 Inventory liquidation tips will help you get a fair and accurate return while avoiding common pitfalls.

7 Tips to Liquidate Inventory Quickly and Effectively

1. Find a company who can handle your entire inventory.
   Breaking up your inventory and selling it in lots is an option but it takes more time and resources to line up multiple buyers. This is also the case with auctions as well. Even if one company offers a bit lower price for the entire inventory, it still may give you a higher return when it’s all said and done. Review your options carefully.
2. Understand how long it will take until you receive the final payment.
   Some companies may give you what seems like a great rate, but they may not pay you until they have lined up a buyer on their end. If this is the case, make sure you establish deadlines so that you aren’t just wasting time. Remember, time is money and the longer they take, the more your business may suffer and the higher the risk is for the deal. The best case scenario is to find a liquidator that doesn't ask for terms. Finding a cash buyer is optimal, but just be sure that they have a proven track record when it comes to the other services involved. The inventory removal, logistics, and controlled distribution of your inventory plays as big a role in the financials as the return itself.
3. What channels of distribution are the Wholesale Liquidators using?
   If this product or inventory is still in your distribution channels, it is important to understand how the buyer plans to sell it. If your only sales channels are brick and mortar and they are selling online that may work well but if they end up selling the stock to your competitor around the corner, that can hurt your brand and your bottom line.
4. Which geographic regions will they be targeting?
   If the liquidator can sell most of the stock outside of your key geographic areas or if they can sell it for direct use, you are in good shape! Most liquidators cannot guarantee this but you should definitely ask!
5. Has the liquidator agreed not to go through your existing sales channels?
   This is a bit of an obvious one but you would be surprised at how many companies forget to bring this up.
6. Does your company have inventory that needs to be liquidated often?
   Wholesale liquidators are often looking for a reliable source of new inventory and if you can provide this, you can often negotiate better options in the contract.
7. Confirm the date of inventory pick up.
   Excess inventory can gobble up valuable space in your warehouse. Make sure you understand when the inventory will be picked up, how soon it will be removed and how quickly you can free up the space.

The economic climate can be dangerous for many companies, shrinking orders and a faltering customer base can leave you with excess inventory. That's where a Wholesale Liquidator can help.

This article was created by http://www.probleminventories.com/ if you have questions about finding the right inventory liquidator, or would like a FREE quote for your inventory liquidation, please call 1-800-245-5924. No terms required. (We pay cash up front) We also offer brand and channel control, FREE inventory removal, and FREE shipping.

In this economic climate old inventories can be turned into much needed cash. Don't wait until it is too late.