Liquidating excess inventory
Particularly if your brand is high-end, you may want to use this method to avoid damaging your brand name by offering deep discounts.Do you have any other tips for liquidating your excess inventory? Information may be abridged and therefore incomplete.Turn your unwanted inventory into a “gift with purchase.” If your unwanted inventory could be useful to the majority of your customers, consider offering the surplus product as a free gift for customers who spend more than a certain amount in your store. Online marketplaces, including Ebay and Amazon, provide an ideal way to sell excess merchandise fast.You can either use an auction model, in which you can set the lowest price that you’re willing to accept for the item, or use a set pricing structure.Unless you have specific, written permission to sell, liquidate only goods and assets the business owns outright.The reason is that, in the absence of specific permission, liquidating inventory purchased on credit for which there’s an outstanding balance, business assets used as collateral for a business loan and any leased assets constitutes an act of fraud.One way to do this is by making available our team of professional financial experts who are more than willing to answer all questions and lead you in the right direction.As our client, it is only fair that you get funds from reliable sources.
Liquidation can, for a small business, be a good way to dispose of excess inventory.
Whatever the case may be, you need to liquidate your surplus inventory — fast. Depending on your profit margins, you may want to discount your products by anywhere from 25 to 75 percent, or offer a “buy one, get one free” deal to make the promotion look attractive.
Group marked-down items together for better in-store promotion.
Since our employees are experts in the business industry, we know what is best for you regarding the value of your inventory. Therefore, we help you maximize your inventory returns according to the value of the commodities.
Liquidation process could be a great way to solve your menace of excess inventory but, it still comes with its implications more so if you lack adequate funds to pursue other projects. Now that it is our objective to take care of all your excess stock, we also privilege ourselves by providing you with a slight boost to help you pick up from where you fell off.