Asset Liquidation

Cash in on your surplus or closeout inventory with a liquidation sale

There are many reasons you might seek asset liquidation, such as a store closure or surplus inventory of discontinued merchandise or overstocked items. Whatever the reason, a liquidation sale is your opportunity to collect revenue for "extra" merchandise. There are several companies in the liquidation business that can help you with the logistics of a liquidation.

The attraction to the public of liquidation closeouts rises in tough economic times as people try to get more for their money. When conditions are right for you to sell off your inventory, contact a liquidation provider that can help you with a sales plan, time line and marketing. Remember that if you are closing a store or stores, you'll need to decide whether store fixtures are part of the liquidation sale. As you look for a liquidator, keep the following things in mind:

1. Your stock will generally fall into one or more of three categories: products replaced by newer versions, products that have outlived their shelf lives, and returned products.

2. If your closeout sale is large, it is key to get the information out to the public.

3. You can manage a liquidation sale on the premises or online.

 

Plan your liquidation sale with a liquidation business

Find liquidation experts online. Share information about your merchandise and pricing and request a proposal of services. Make sure the timing and pricing meet your expectations.
Try: A plan and consultation from Liquidity Services will help you liquidate your assets or sell your surplus goods. Liquidation.com provides a step-by-step guide for sellers of surplus and closeout items.

Get your liquidation information out to the broadest network possible

If your business is local, you can post signs in stores and advertise in the local paper. For liquidations across a broad geographic area, online notices and specialized communications work best.
Try: Whether your store is going out of business of selling surplus items, you might want to advertise in the Closeout News. For a quick presence on the Internet, post your company's closeout inventory on Wholesale EZ.

Choose an online auction to liquidate your assets

If you don't have the time and patience for in-store closeouts, liquidate your goods through online sales and auctions. You can turn management over to a liquidation company and you won't be troubled with physical inventory in your store. You will have to ship your merchandise to a warehouse for the sale or auction.
Try: At Overstock.com you benefit from the advertising power of the Overstock name. United Auction is a liquidation business. They can manage the auction online or send auctioneers to your places of business.

 

• If time is of the essence, consider selling your inventory to a wholesaler. You will probably receive less for your merchandise but can move the stock quickly and complete your liquidation in a timely manner.

Copyright © 2011 Business.com, Inc. All Rights Reserved.

---