The Right New Jersey Liquidation Choice for eCommerce Retailers

Today, there are many businesses across New Jersey that are predominantly ecommerce retailers, although they may also have brick and mortar locations. As a consequence, inventory may be held in 3rd-party warehouses or distribution centers where it is shipped out to customers across the globe. This is especially true for companies that are smaller.
 When these companies either go out of business or need to reduce inventory, it can be a logistically challenging endeavor to handle it on their own. While many will choose among New Jersey liquidators to oversee the process, not all NJ liquidation companies are created equal.

Essentially, there are two challenges that these businesses must confront. The first is the fact that the inventory is warehoused and shipped via a third party can be a good thing or a bad thing when it comes to the liquidation process. The cost of warehousing, inventory management and shipping may have been easily dealt with by the ecommerce business in the course of normal business where it was easily absorbed as a portion of profits directly tied to sales.

When the entire stock must be liquidated or a portion liquidated immediately due to going out of business or stock reduction, the costs of handling that via normal third-party channels may outstrip the returns since the stock will be sold in bulk at a reduced rate. Then there is the cost of warehousing the stock during the transition phase, which may be weeks or even months.

The second challenge and interrelated, is the fact that utilizing your own personnel to handle that process physically is not a viable option because you do not own the warehouse or the inventory management process; the 3rd-party provider does. This is problematic because even if you could have your own people handle the process, the costs of paying them to physically travel to the location and their loss where they would be more needed would be exorbitant.

This is true whether you’re going out of business or just eliminating outdated stock. The fact that you are predominantly an ecommerce retailer means that you likely wouldn’t have the sufficient staff with the right skills to hand the process anyway.

While NJ liquidators generally have the ability to handle the selling of the stock, the assessment and liquidation process can be tricky if they don’t have the means to negotiate with the 3rd party warehousing and shipping company. The cost and logistics of SKU-level inventory analysis can be too much for some NJ liquidation companies. This can be based on their ability to liquidate the inventory at a price that is still profitable for them without undercutting the bid that they provide your business.

At Ideal Trading, we have a vast network of options for liquidating inventory of retailers via auction and online as well as the personnel to effectively work with the business and 3rd party warehousing/shipping providers to successfully assess and complete the process. Consequently, our bid would be among the highest return, thereby providing an ecommerce business with a benchmark for assessing other bids. Ultimately, you have a thorough and verified process that will stand above other New Jersey Liquidation companies, making the choice simple and painless.

Ideal Trading Corp is a liquidation company in New Jersey that offers services for businesses to convert their assets to cash. With extensive experience in commercial liquidation and auctioning, we provide outstanding results for business owners who are going out of business, facing bankruptcy and more. 973.343.6684 – Contact us today!