If you’re a small business owner who typically purchases returned, excess, or refurbished inventory from a third party liquidator (or maybe you’ve been considering it), there has never been a better opportunity for you to ditch the middleman and purchase directly from the source. Why? Third party liquidators typically mark up the goods they are selling in order to cover the cost of shipping, and to make a profit. They also have the opportunity to see the items before passing them onto to you; possibly keeping the highest quality items to sell on their own.
Buy direct from the source
But times are changing – many of today’s top retailers – including Walmart, Amazon, Best Buy and Home Depot, among others, sell liquidation inventory via their own B2B marketplaces that are built and powered by B-Stock. For example through Walmart Liquidation Auctions you are buying returned, excess and liquidation inventory directly from Walmart.
Learn more about why sourcing goods directly through a retailer’s online liquidation platform is best and most cost effective way to purchase returned items by the pallet or truckload directly from Walmart and other top retailers.
How to get started buying pallets of returns from Walmart Liquidation Auctions
To buy inventory from Walmart Liquidation Auctions, you will need a resale certificate which allows you, the reseller, to purchase the goods tax free (read more on resale certificates). After you have your resale certificate, you’ll need to apply to the Walmart Marketplace. Tip: Check out our Buying Basics Series, starting with How to Become a B-Stock Buyer).
How to source Walmart’s returned products
Walmart Liquidation Auctions will show you what bulk purchases are currently available. For instance, if Walmart currently has a large lot of items it is liquidating, it will likely be sold by the truckload. You will be able to see what types of items, like sporting goods, and baby products, are included in the auction lot by reading the manifest.
The size of the auction lot up for bid can range from a pallet, a half truckload to a truckload, or even a small quantity of refurbished electronics like TVs, high-end headphones or earbuds or laptop computers.
Buying liquidation from the source’s online auction marketplace will help ensure you get high-quality merchandise for fair market value (read: no product poaching or markups from liquidators). This will enable you to still provide your customers a good discount, while helping you turn a higher profit margin. Buying Walmart liquidated merchandise direct from Walmart Liquidation Auctions provides that opportunity.
B-Stock is the world’s largest online marketplace for returned, excess and other liquidation merchandise. Our customers range from SMB to the world’s largest brands and retailers (including nine of the top 10 U.S. retailers). Led by eBay veterans, B-Stock completes over 150,000 transactions per year, selling 70 million items annually. The amount of inventory that is returned or unsold each year is growing rapidly. In 2018, the value of this merchandise was estimated at $500 billion. Much of it ends up being liquidated for pennies on the dollar; some of it is even destroyed or landfilled. We believe there is tremendous value in and demand for this inventory – no matter the category, condition or location. The B-Stock platform gives buyers a simple and direct way to buy valuable products, and offers sellers a trusted replacement for traditional liquidation and a critical boost in operational efficiency.