What is Liquidation
Simply put, liquidation the end of the product life cycle. For our purposes, this term is part of the reverse logistics industry. Normally, items meet the end of life cycle due to poor sales performance, change in product, or customer returns. If this product is not bought by liquidators, then the result becomes environmental distress. Each retailer, manufacturer, and brand have their own criteria and thresholds for deciding when their inventory is liquidated. For this reason, there can be a large variance in lot sizes, merchandise quality and category names from source to source. There’s a lot of special lingo in our industry, so we’ve put together a small glossary of terms to help you navigate the sea of merchandise that awaits. Getting familiar with these terms will be key in becoming a savvy liquidator!
Wholesale Liquidation Start Guide
The liquidation industry is daunting for a beginner starting a business. Below is a step by step guide on how to lay the foundation for a successful business. Only after doing the basics can you start to ask questions and refine your business model. Please read below and have fun!
Resell Merchandise Pallets
Buying in bulk and reselling liquidated items is a foreign language. Oftentimes, the terms used are specific to logistics. Additionally, setting a store is daunting. So, if you are new to the industry, check out the below articles to help with your education: