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Everyone loves wandering down aisles and aisles of their favorite stores. Or perhaps the ease and comfort of online shopping. So many sizes, colors, and products to choose from! But have you ever wondered what happens to inventory that doesn’t sell in stores or online? Well, it’s commonly known as overstock inventory and it’s actually a big opportunity for resellers.
Overstock inventory is inventory that was not able to sell within an efficient amount of time at the retail locations. These items have never been purchased by a customer, and therefore, are not returns and should not be defective. However, this can be a headache for retailers. Just think, when the supply exceeds demand, what happens? Companies are faced with a loss. Whether this was the result of over-delivery or poor management of stock, it’s usually inevitable.
But the good news is products are then resold to a secondary market. This is where opportunity blossoms! We will go over where this inventory ends up, who can make use of it, and how B-Stock helps buyers get access to overstock inventory.
Categories like apparel, home & garden, furniture, electronics, health & beauty, toys & baby, and more can all be considered overstock. Inventory could be excess stock from shelves and/or warehouses or unused and recently discontinued. Retailers then offload this excess stock by liquidating it. Otherwise, it would collect dust in a warehouse space or end up in landfills.
We go into how B-Stock helps facilitate online auctions for major retailers’ overstock inventory in a bit.
Overstock inventory is great for businesses looking to bulk buy inventory for their brick-and-mortar locations or online reselling businesses. Mom and pop shop owners, flea market vendors, and wholesalers can also benefit from this inventory. Products classified as overstock should come in cartons that are factory sealed. Which is essentially brand new merchandise. Not only that but overstock is typically sold with a full manufacturer’s warranty, too!
Reselling overstock inventory is extremely popular. The truth is, it’s a great way to create a business from the ground up. It’s quick, efficient, and profitable! You can find overstock and liquidation merchandise from all of your favorite brands and retailers, including those big-name department stores. Then you can sell these items on different online marketplaces like Poshmark, eBay, and Amazon. Or if you prefer, your own eCommerce shop or local storefront.
If you want to know more about reselling overstock inventory on Poshmark, head over to this blog!
B-Stock is the bridge that makes it all happen. Our platform allows for small- and medium-sized retailers and resellers to buy overstock inventory in bulk directly from nine of the top 10 U.S. retailers and manufacturers. That’s right! We operate private auction marketplaces for large retailers like Target, Walmart, Amazon, The Home Depot, Best Buy, and Sam’s Club, among others. All that to say, we’re proud to help with their reverse logistics strategy.
Our platform enables these retailers to auction off their excess inventory directly to smaller resellers at a fraction of the manufacturer’s suggested retail price (or MSRP). For example, buyers gain access to liquidation electronics inventory directly from major retailers without the middleman markups of large liquidators. In addition, they can bid on excess inventory with confidence, knowing they are buying directly from the source. Buyers can also see what others are bidding and never pay more than they want.
We help dozens of top retailers and manufacturers across the globe offload their unwanted inventory. Most importantly, you get access to all this inventory and more when you become a registered B-Stock buyer. B-Stock offers huge value for buyers of pallet-sized and bulk lot overstock inventory. We share best practices, reselling trends, marketplace info, and more, right here on the B-Stock blog. If you’re ready to dive right in, there is no better time! Get your reseller’s certificate and start your buying journey today!