7 Ways For Surplus Inventory Liquidation Sales

1. 7 Ways For Surplus Inventory Liquidation Sales What are Surplus Inventory Liquidation sales? A lot of businesses face the problem of overstock or surplus inventory. It is a common phenomenon that sometimes the projections made about the demand of a product are not met. This is a regular problem faced by businesses these days as due to the pandemic the demand for certain products is at an all-time low. In such situations, firms need to clear out the unsold stock to create space for new stock. The surplus creates the problem of warehousing and takes up all the space in the company. This calls for an inventory Liquidation Auction Sites India. Liquidated Goods For Sale of inventory means getting cash in return for your overstock or surplus. Excess inventory sale can help curb the problems faced due

2. to such a surplus. There are different ways in which a business can deal with the problem of overstock. Here are a few methods to tackle the problem of overstock. 1) Discounts: The best way to clear old stock and make a way for the updated stock is to sell off the old at a lower profit. The price should be such that you earn a good profit yet it catches the attention of the buyers. We have all witnessed stock clearance sales at our favourite outlets and this is one of the quickest ways to capture inventory liquidated goods for sale. 2) Re-market your overstock: Sometimes the reason some of the stock does not sell is the wrong marketing techniques used for its promotion. If a brand studies the marketing trends and uses them effectively around a certain group of overstock, then it could change the fate of the product in the market. This method could help in the excess inventory sale. 3) Grouping: Next to discounts, this method can prove profitable for the sale of surplus stock. Grouping means stacking related products together and putting a lower price for them to generate more sales. This can help in attracting a set of customers interested in the group of products and in turn get you more sales for some products. 4) Freebies and giveaways: even though this technique tends to work for a low- priced item, it can drive sales for other items as well in your Excess Inventory Sales. You can offer these as a giveaway for an email subscription or add them as a gift for a purchase up to a certain amount. This method would drive customers not only for excess inventory sales but for other products as well. 5) Donate: You always have the option to donate your overstock if it is a product that could be used by someone in need. This can provide you with the dual benefit of maintaining an ethical image of the business amongst the customers. 6) Third-party platforms: You can try selling off these surplus products through third-party sellers like eBay. Amazon, Etsy, and various other platforms or local sellers. Even though they have a wide market, their commission on sales might be a problem for certain products. 7) B2B liquidation companies or sellers: The best and most viable option would be to sell off the surplus through a B2B liquidation service provider. For instance, excess2sell is a company that deals with the needs of businesses to sell off their

3. excess inventory. It provides a B2B platform where the companies with Wholesale Mobile Phones can list their products and find wholesale buyers in the form of other businesses who need the overstock. Exces2sell deals with the problem of excess inventory sales. It focuses on creating a bridge between a company with overstock and another company that needs the Bulk Order Stationery at a discounted and wholesale price. It provides two plans, one for the buyers and one for the sellers and makes the jobs of both ends easy.