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Source Your Inventory From Top Retailers With BULQ

 

BULQ is disrupting the liquidation industry by offering a manifest guarantee, flat-rate shipping and the ability to source on the go.

BULQ is striving to disrupt the liquidation space. They’re a sourcing solution that is committed to providing resellers with the best possible buying experience. Because BULQ’s founders have experienced, first-hand, the challenges to sourcing, they have created a sourcing platform that offers a more modern and accessible approach to the liquidation industry.

What Sets BULQ A Part From Their Competitors?

What really sets BULQ a part from its competitors is ‘The BULQ Promise.’ The three main pillars of this promise include a manifest guarantee, flat-rate shipping, and dedicated support.

BULQ’s founders understand that a major pain point for customers is wasting money on lots that don’t match the manifest, they decided to implement a manifest guarantee. If the manifest is off by more than 2% in terms of condition and quantity, customers can make a claim for reimbursement.

Another frustration in the industry has been around high and unpredictable shipping costs. BULQ has made the shipping process super simple, offering flat-rate shipping. Shipping  is $30 per case and $200 per pallet. Inventory can also be shipped directly to a buyer’s door, no lift-gate required.

The final part of the BULQ Promise is the brand’s dedicated customer care team. Agents are available 6 days a week to answer questions and or provide other assistance either over the phone or via email.

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A GUIDE TO BUYING RETURNED AND EXCESS MERCHANDISE

What to look for when sourcing returned an excess merchandise.

(aka: how small store owners and resellers can bank on the busts of retailers and manufacturers)

Around $440 billion worth of merchandise is returned each year – a lot of which can’t go back on the shelves. But one retailer’s headache is another’s opportunity, and for online sellers, independent retailers and resellers, there has never been a better time to source returned and excess merchandise on the secondary market.

So, how do you navigate the secondary market to successfully sift through the bad and the ugly to get to the good? Here are some tips on what sellers should look out for when sourcing customer returns and excess merchandise:

 

It’s best to buy directly from the source

By purchasing directly from the retailer or manufacturer you can assume that there is no middleman involvement and no price mark up. Historically, it has been difficult for small to medium sized buyers to buy excess inventory directly from large retailers and manufacturers; however, today there are new, efficient systems that automate the manual work otherwise required for them to sell to larger buyer groups.  One such tool is an online auction marketplace platform. These marketplaces provide a level playing field for all buyers to compete for the inventory, and they enable a direct relationship with the source via a transparent platform. Because they eliminate all negotiation over price, it is just as easy to have thousands of buyers involved as it is to manually sell to just a handful.

 

Source online from reputable sellers

Independent retailers, online sellers and resellers can often source inventory more affordably and efficiently by tapping into online auction marketplaces that sell returned and excess merchandise. There are numerous benefits to sourcing this type of product online including: greater product availability, detailed product descriptions, bulk quantities at your fingertips, shipping options, and a quick sales cycle. The key is to make sure you are buying from a known brand: many top retailers like Wal-Mart, Target, Costco and Best Buy have their own liquidation marketplaces while others leverage multi-seller marketplaces like B-Stock Supply or Liquidation.com. In the case of multi-seller marketplaces, be sure to use one that has a seller rating system, so you know you are buying from a reputable seller.

 

Purchasing inventory via these online-auction liquidation marketplaces can be a great way to secure inventory at an affordable, in some cases rock-bottom price, ensuring a better profit margin for you.

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Over 40 years of success, Jacobs Trading Company

Jacobs Trading Company is located in Hopkins Minnesota, for over 40 years they have successfully solved excess inventory and customer returns challenges for American manufacturers and retailers. As a marketplace of Liquidity Services (NASDAQ: LQDT), JTC leverages a network of sales channels that serve 7 of the top 10 retailers in the world.

JTC offers closeout prices on buy-backs, over-stocks, shelf-pulls, excess inventories and damaged goods purchased direct from retail vendors and manufacturers. Single category loads consist of “as is” products no longer sold at retail. A load generally consists of one of the following categories

Furniture
Domestics
Tools/Hardware
Apparel
Cookware/Bakeware

  Electronics
Rugs
Appliances
Power Wheels
Seasonal Specials

JacobsTruck

JTC also offers loads of Sporting Goods, Furniture and Toys. They supply a variety of outlets to include flea markets, surplus stores and auctioneers.

By visiting their website you can locate their distribution facilities strategically placed across the country. Whether you would like to purchase general merchandise loads or single category loads; a truckload a month or twenty loads a week, Jacobs Trading Company can accommodate your needs.

For more information about Jacobs Trading or for any other questions you might have, give them a call. You can CALL AND ASK FOR OUR THEIR SALES DEPARTMENT AT (763) 843-2000