1. Turning excess stock and overstock into cash
Many businesses time to time end up with overstock, excess stock, excess inventory or materials. For
many this could be a costly problem as this means dead cash. This may include merchandise from
inventory overruns, closeouts, clearances or packaging changes as well as goods from bankruptcies,
liquidations, receiverships and insurance claims.
This stock usually sits in the warehouse until sold, taking up space and losing its value. Stock Clearance is
a process by which companies free up valuable money and space. Reasons leading to stock clearance
could be canceled orders or late deliveries, closing down of business, overproduction, customer returns,
out of season merchandise, frustrated stock, abandoned stock etc.
But where to advertise and sell such stock lots to turn it back into cash so I won’t lose my money ?
This question is asked by many businesses out there. You’re left with few options. You can either
research for a wholesale buying office or a company to buy your stock lot. These are wholesalers buying
bulks, mostly electronics and wholesale clothes and apparel. But generally anything they feel they could
make a good profit on. They make decisions fast, however they completely use your situation and
mostly offer peanuts for your overstock. You either take it or leave it. So at the end of the day, you sold
your excess, but ended up with some lousy cash in your pocket, not really worthy.
Another option is to research for a broker to sell your overstock on your behalf. This could be a little
time consuming and to be perfectly honest, not a lucky solution. Brokers are agents who generally work
on commission bases on behalf of the business wanting to sell the product. They usually have their own
network of buyers they send their actual stock offers to.
Liquidation brokers are people who connect buyers with sources of liquidation merchandise. Dealing
with a liquidation broker is almost like dealing with a stock broker. You're paying them a little extra for
their expertise and to minimize your risks.
To be perfectly honest, brokers are leaches that would do almost anything to get their commission out
of you or their buyer. From my own experience, the cheeky broker will manage to sell your stock,
however you may end up with the complaint or money back request from the buyer as the stock will not
be exactly just like the broker promised. The broker has never seen or even touched the stock he just
sold and of course after the successful sale he puts his hands away. Not a lucky choice either.
“There are so many businesses liquidating their excess and overstocks and so little help.”
TheBiggestClearance.com actually came up with the perfect solution to this issue. An online B2B
marketplace and wholesale, liquidation, overstock and excess trading network that enables businesses
to offer their stock lots and bulks for sale directly. No catches involved.
All you need to do is just to spend few minutes to make an offer or listing and submit it to the
marketplace website. That is really all it takes.

2. The Biggest Clearance works closely with manufacturers, liquidators, wholesalers, distributors and
retailers to help them deal with and sell their excess merchandise of almost any kind and description
that won't or couldn't be sold through the regular retail channels.
Bulk lots are sold by the truckloads, containers, pallets, small or large packages, and conditions range
from new in a box, Grades A, A+ to E, customer returns, used, refurbished and salvage.
Thousands of buyers daily, this is a truly large audience to introduce and offer your wholesale stock lot
to. You are then contacted by the buyers interested in your offer directly and almost immediately so you
can choose the best possible price they have to offer and make much more of your sale.
Whatever option you choose, at the end of the day, you want to make the best out of it in terms of
money and price you’ll get paid. Turning overstock back into cash doesn’t have to necessarily mean an
impossible or a long term problem if you know your options.
By Eric Randolf
Resources:
http://www.thebiggestclearance.com