Around Rs.440 billion worth of merchandise is the return to retailers each year, most of which don’t go back on store shelves and ultimately cover liquidation. But the headache of a company is an opportunity, and for small businesses, has never been a better time for additional business to return to the source and the secondary market. So, a buyer, you successfully navigate to the secondary market through the bad and the ugly for good? It should be pointed out five things about the customer’s sourcing and excess inventory:
It’s best to buy directly from the source.
By purchasing directly from the retailer or manufacturer, you can assume no middleman involvement and no price mark up. Historically, it has been difficult for small to medium-sized buyers to buy excess inventory directly from large retailers and manufacturers. Today, new, efficient systems automate the manual work otherwise required for them to sell to larger buyer groups. One such tool site online auction market. These markets provide equal opportunity to compete for all buyers list, and they enable direct connection with the source through a transparent platform. Because they eliminate all negotiation over price, it is just as easy to have thousands of buyers sell to only a handful manually.
These online auction liquidation can be a great, cost effective way to secure the purchase inventory through the marketplace because you see that other people are bidding on what and do not pay more than you want.
Understand what you are purchasing
It always pays to be detail-oriented, especially when secondary sourcing market. The key is to make sure you have as much detail on the product(s) as possible before you buy, including a thorough description, actual image(s) of the inventory, shipping dimensions and costs, condition codes, and technical information applicable.
Know your condition codes
Product brand boxes that are sold on the secondary market may be new to use light to salvage the situation. Because it can classify materials usually “as is” sale, make sure to familiarize each vendor own range, keeping in mind that different vendor different inventory. With customer-return lots, this is especially important. Make sure you know as much as possible about each item’s condition in the lot, and when that information is not available, bid accordingly.
Make sure you have access to a constant supply of the product.
It’s essential to have enough product(s) to satisfy the needs of your customers. Make sure that you are increasing the sources of your inventory. The best way to do this is by purchasing through an online marketplace with a constant, dependable flow of stock and regularly adding new retailers and manufacturers. By purchasing through these online auction marketplaces, you are guarantee to continuously increase your breadth and depth of supply to keep your customers happy.
Understand the Terms of Purchase
Do your research. Know absolute what you are buying and from whom you are buying, and specific policies. A credible seller will provide thorough product descriptions, images, valid condition codes, quality customer service, and, most importantly, visibility into the terms of purchase.