As e-commerce evolves, this liquidation process has also moved online. Warehouse liquidation has always been how retailers remove inventory. “Some online marketplaces allow you to buy Amazon returns online- items are not individually packaged but are bundled in huge pallets based on categories. “Turns out there is a multi-million dollar business behind mounting Amazon returns,” reports Yahoo Finance Canada. In the middle of this environmental crisis, is an opportunity for Canadians who want to make money from returns and other liquidated products.
“Optoro, a technology company that specializes in streamlining reverse logistics - the process of sorting through retail returns - estimates that $400 billion US worth of merchandise is returned to all retailers every year…” reports CBC.
#DIRECT LIQUIDATION AMAZON OFFLINE#
Online merchants can see as much as 30 percent of their sales being returned, which is several times more than the average for offline purchases. How big is the opportunity? Returns alone generate enough resale products to keep most sellers in business, primarily due to the huge number of online retail returns. Businesses of all sizes and individual sellers would like to know if they can profit from sourcing these items and just how it all works. Recent news reports covering the lifecycle of returned products from companies like Amazon and Walmart, have inadvertently generated a lot of interest from resellers. Online sellers are always looking for deals on products, be it at the wholesale level, retail arbitrage, or auctions.
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