Open air and ecommerce sellers are often surprised by the high cost of keeping their shelves stocked. In order to save money, these resellers may purchase liquidation name brand product by the pallet. Buying pallets of liquidation merchandise allows resellers to keep their shelves fully stocked, for a fraction of the cost of buying direct from the manufacturer.
What is Liquidation?
Liquidation refers to customer returns, overstock, and shelf pulls. When retailers need to make room for new product, they sell their liquidation by the pallet or truckload to liquidation suppliers. It is then sold to resellers and open-air market vendors.
Buying Liquidation Pallets Through Online Auction
While many resellers choose to partner with an experienced liquidation supplier to purchase pallets of merchandise, this isn’t the only option. Resellers can also purchase pallets of liquidation through online auction platforms like Lots of Auctions.
Buying liquidation pallets through online auction typically costs less than purchasing pallets of merchandise directly from a liquidation supplier. Bidding typically starts low, and many pallets sell for well under their MSRP value.
Is Buying Through Online Auction Right For Me?
While purchasing pallets through online auction allows resellers to get lots of merchandise for less, resellers do not get to find out what’s in the pallet before the auction. These pallets are generally sold AS IS and returns are not possible. It’s important to understand the terms of the auction before bidding.
Pallet Auctions in Denton, TX
Lots of Auctions offers pallet auctions weekly. Bidding takes place entirely online and winning bidders can pick-up their items at our Denton, Texas warehouse. We also offer shipping within the United States.
Our pallet auction is made possible through our partnership with Discount Truckloads. Resellers and open-air market vendors looking to purchase manifested pallets or truckloads can view available product on Discount Truckload’s website. Please click here to view our pallet auction.