When looking to source merchandise in Texas at a lower cost, resellers should consider liquidation pallets. Throughout this article, you will learn what liquidation pallets are, what items they contain, how to add value to liquidation, and where to purchase them.
What Are Liquidation Pallets?
Pallets of liquidation merchandise are surplus items from major retailers and vendors that must be turned into cash as quickly as possible. Typically, liquidation pallets consist of overstock merchandise or items that a customer returns.
There are several reasons why consumers return products to retailers, the most common reasons are:
- The products the customers received looked different from what they had seen online.
- The customers receive damaged goods.
- The customers receive incorrect products.
- The customers returned a product for other reasons, including changing their minds about their purchases.
Additionally, retailers dealing with overstocks and obsolete products are common in the industry. It is common to have brand new items that have never been purchased by a customer. They may have been over-ordered, replaced by modern models, or be seasonal in nature. These products require a lot of storage space, so retailers are motivated to resell them quickly.
Texas has a high demand for liquidation merchandise. The state of Texas ranked second among the US states in terms of population and size in 2021, with a gross domestic product of $2 trillion. A state with a large market is an advantage for any retail business.
Buying Liquidation Pallets In Texas:
Register Your Business and Obtain a Texas Sales Tax Permit
The first step in setting up your new business is registering it with the state. It is crucial to get legal advice before starting a business so that you adhere to all legal requirements.
In order to guide you through the registration process, the Office of the Governor has created a variety of templates and videos.
When the liquidation pallets are purchased from a retailer who accepts the completed Texas Sales and Use Tax Resale Certificate (Form 01-339), no sales tax will be charged.
Bidding or Buying
In most cases, liquidation platforms offer auction-style listings. This means you’ll have to compete with other bidders with the highest bid winning the inventory. A few sites, such as Boswell Data Systems TX, offer buy-now options for businesses that don’t have the time to bid, but these are less common than auctions.
Sourcing Liquidation Pallets in Texas with Boswell Data Systems TX
BDSTX Wholesale Liquidation is a marketplace where you can purchase liquidation merchandise directly from the nation’s largest retailers without having to deal with middlemen or brokers. Check out our current liquidation pallets and truckloads available for sale from our Cedar Park, Texas warehouse location.