So you’ve decided to get into the business of reselling returned merchandise. It’s an exciting and profitable idea that many resellers enjoy. But what types of products should you buy and which stores’ returns will give you the best bang for your buck? Here are seven of our top picks.
One of our favorite retailers to purchase returns from is Amazon. The sheer number of products they carry and the volume of business they do means they have a huge selection of returns available at all times. Also, because of the nature of online shopping, a great number of Amazon’s returns have nothing to do with product defects or other product issues. Instead, many are because the purchaser changed their mind or the item looked different than it did online. Amazon’s generous return policies and simple processes allow far more returns than many other online retailers. It’s easy to understand why resellers would choose to continue purchasing merchandise from Amazon.
It’s no secret that home appliances have large price tags and therefore make them an ideal choice for resale. Reselling appliances is a smart choice because these big-ticket items are both high in demand and usually sell to consumers in “new” or “like-new” conditions. However, resellers need to keep in mind that shipping these large appliances will be more difficult than other small items—and will be more costly. But, if you’re up for the task, there’s a great deal of money to be made in this industry. If this is your first attempt at purchasing and reselling home appliances, make sure to do your research and learn all you can about buying liquidation appliances ahead of time. Leveraging a company like Best Buy who offers wholesale appliance returns for resellers is a great place to start. Best Buy is home to many well-known brands like Whirlpool, Frigidaire, LG, Samsung, and many more.
For those looking to get into the home improvement resale space, Lowe’s Liquidation is a great place to start. You may be picturing boxes of bathroom tiles and tools, but Lowe’s store returns are so much more than that! Imagine reselling a truck full of stainless-steel refrigerators, dishwashers, and ranges. Or maybe gardening is more your speed and you’d like to resell lawnmowers, hedge trimmers, and garden tools. It’s easy to forget how much variety Lowe’s has if you haven’t shopped there lately, but they have plenty of options for returns resellers.
If you’d like to get into the world of clothing resale, Nordstrom Rack is a wonderful place to start. Their liquidation marketplace sells designer and luxury returns, shelf pulls, and more. They break these items down into men’s, women’s, and children’s clothing and footwear lots, and then sell directly to qualified resellers online. Through their official B2B marketplace, Nordstrom Rack sells directly to small business owners like you. Additionally, by purchasing through their official liquidation channel, resellers can take advantage of shipping help with reputable freight companies.
Target store returns offer a wide range of trendy products for resale. Housewares, apparel, electronics, toys, and even mixed lots are available. This means you’ll find a wealth of great products to suit just about any reselling site you may be considering. Most of the returns from Target fall into the “like-new” condition, which means you’ll have an easier time reselling than items with obvious wear or tear. The important thing to remember is that you want to purchase these lots from a reputable liquidator. It’s not uncommon for some liquidation companies to purchase a returns lot, take the best items out, and then resell the rest as if it was a direct liquidation lot. Obviously, anyone who then purchases the remainder of the lot will likely be disappointed. This is one of many reasons it’s ideal to purchase directly from retailers yourself through the B-Stock network.
Walmart is known for its vast inventory and low prices. Walmart’s liquidation auctions are no different. You’ll find toys, sporting goods, furniture, clothing, electronics, appliances, and all sorts of other items available for very reasonable prices. Auction lots range from a pallet or two up to a full truckload, depending on the supply of returns in a given category. As with any returns or other liquidation auction, be sure to read the manifest carefully and do your research before bidding. If you follow best practices, Walmart returns can be a profitable investment for resellers.
If home decor and furniture are your chosen niche to resell, Wayfair returns may be the best option for your reselling needs. Often sold by the full truckload, these liquidation auctions offer the latest trends in housewares and much more. You’ll find mattresses, upholstery, kitchen and dining accessories, furniture, outdoor decor, and more, in lots that may include more than $50,000 (MSRP) worth of products. For this type of liquidation, you’ll need to have plenty of warehouse space to sort and store your haul. If you have the capacity, Wayfair returns are an excellent option.
Check out all that B-Stock has to offer to suit your reselling needs. B-Stock builds retailers and manufacturers their own auction platform to sell returns, overstock, and other liquidated assets directly to business buyers. We have dozens of private retailer marketplaces in a multitude of categories and conditions to suit your business inventory needs.