Introduction Liquidation merchandise is an incredible way for both beginners and seasoned resellers to get their hands on products at a fraction of their retail price. So, if you’re a veteran reseller or just starting out, knowing how to efficiently buy and sell liquidation inventory will enable you to maximize profits. We created this guide to teach you everything you need to know to make your mark in this industry.

What is Liquidation Merchandise?

Liquidation merchandise is the stock that retailers, manufacturers, or wholesalers sell at much lower-than-average prices. These items can be overstock, customer returns, shelf-pulls, or closeout inventory. Companies dispose of their stock for many reasons: to make room for new products, to go out of business, or to minimize losses on stock that just didn’t sell.

How to Purchase Liquidation Merchandise

There are multiple ways to source the best liquidation deals in Canada. Here are the most popular ones discussed below:

1. Marketplace for Online Liquidation

Liquidation Deals, B-Stock, Liquidation.com, Direct Liquidation, and BULQ all specialize in different kinds of liquidation goods: from electronics and apparel to tools and home goods. The platforms offer auctions as well as fixed-price listings, so buyers have options when it comes to the purchase.

2. Retailer Liquidation Programs

Many major retailers have their own liquidation programs, and they sell excess inventory and returns directly to resellers; among those retailers are Walmart, Target, and Amazon.

3. Wholesalers and Suppliers 

Well, there are suppliers that end up buying liquidation inventory and then they sell those goods in smaller quantities to other businesses. However, purchasing from them may be more expensive but usually you will get more reliable conditions and support.

4. Local Liquidation Warehouse and Auctions

Local liquidation stores, warehouses, and live auctions also allow you to check out merchandise prior to buying it, minimizing the risks of unseen purchases.

Tips for Buying Liquidation Merchandise

1. Research the Supplier

Not every liquidation source is reputable. Prior to purchasing, review customer feedback, Better Business Bureau ratings, and reviews from other resellers. Trust a reliable platform for high-quality Liquidation pallets in Canada. 

2. Know the Product Conditions

Liquidation products, also known as returns, are sold in one of three conditions:

New: Have never been used, generally from overstock.

Like New: Opened items in excellent condition.

Refurbished: Products that have been repaired, tested and resold.

Used: Returns from customers that might be slightly worn.

Salvage: Damaged but too good to be scrapped; only good for parts and/or repairs.

3. Estimate Expenses and Possible Earnings

Take into account shipping fees, taxes, storage costs, and potential refurbishment costs in order to make sure you’re making a prosperous investment.

How to Sell Liquidation Merchandise

• Find the Right Selling Platform: You can resell items at online platforms, flea markets, and garage sales. If you purchase in bulk, sell off smaller lots to other resale businesses.

• Listings Optimization for Maximum Sales: Provide clear photos, write full descriptions, and price your products competitively to attract buyers.
• Offer Great Customer Service: Excellent customer service can also create repeat business and word-of-mouth referrals, which can further contribute to sales in the long run.

Liquidations Deals is a trusted liquidation store in Canada where you can get the best deals.