1)
Identify sort by
grade/value: Cheap or obviously damaged items are either sent to a local
discount store partner or disposed of.
2) Online Resale: Items are tested and sorted for Amazon FBA,
FBM, eBay, and any other online platforms we choose (such as Facebook, TikTok,
Whatnot, etc) for individual or small lot sales. Our business never lists items
as "New" on Amazon, and all sales are conducted through our online
store accounts.
3)
Some items, especially
case-packed new inventory, are offered to select wholesale buyers if there is
serious interest.
4) On a regular basis, any remaining items are gradually sent
to our partner discount store. The partner discount store may either pay
outright for the items or utilize a bin store model where the price is not
fixed; instead, the price decreases every day until the items are sold (like a reverse
auction).
1) Client reaches out to SSO and shares what they desire
to liquidate, including ASINs, quantities, locations, and any available
pallet-level details.
2) SSO sends an information packet and either approve
clients we believe we can assist or provide alternative recommendations.
3) Client creates an online account on our website and may
be asked to connect their Amazon account to our software. Clients may also gain
access to a shared Google Doc for additional record-keeping purposes.
4) Client fills out the Consignment Agreement via
DocuSign.
5) Client shares Payment Info.
6) Client receives the necessary information to ship
the products from either Amazon's warehouse, their own warehouse, or their
3PL's warehouse.
7) Client can send their products at any time or
establish a regular shipping schedule from Amazon.
8) Client will receive monthly statements detailing all
items sold and applicable fees. They will also receive payments through PayPal
or wire transfer.
We do not guarantee specific payouts for items sent to us in the Consignment Program. There are many ways to liquidate items, but we have found and will continue
to refine the one that balances maximizing payouts with speed of resale. Either way, items are sold over weeks to months.
Our consignment fee structure and business is built to help
sellers capture more money for the more valuable items while allowing us as a
company to cover the higher costs of selling cheaper products.
Here are some key factors that will affect the outcome of liquidating
your items with us:
1)
Returns vs. Excess Product: Returns generally
contain a mix of conditions and values. We can predict with some regularity that
the best items above $30 in retail value will often pay out well while all
other returns tend to sell for much less through local channels.
Excess products, on the other hand, are
typically liquidated due to slow online sales. Their value depends more on
local demand and the liquidation market.
2)
Category and Specificity: Highly niche items can
be consistently resold back online as “used” under the Amazon listing if they
are above $30 in retail value and in good enough condition. However, they
generally demand less in local sales compared to everyday items leading to low
sell through and low prices.
Some categories (like clothing) are also sold
for much less on the secondary market because other retailers (like Target or Walmart)
have flooded the liquidation industry with their excess inventory.
3)
Retail Value, Size, and Value Density: Bulky
items may incur high shipping costs to our facility, making it impractical for
clients to recover the costs. Focus on shipping high-value, desirable items
that are smaller to reduce per-unit shipping costs. Efficient pallet packing or
direct shipment from Amazon's warehouses can yield the lowest shipping cost.
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Higher Payout than using Amazon's Liquidations Alone
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