Closing my ecommerce site, where can I sell my unsold stock?

Discussion in 'Ecommerce Forum' started by Bailey9991, Aug 20, 2019.

  1. Bailey9991

    Bailey9991 UKBF Newcomer Free Member

    6 1
    Hi all I have closed my online business and am left with loads of stock (high end party supplies such as Meri Meri, Ginger Ray etc)

    I would prefer to sell it in one go as I do not have the time to advertise things individually, does anyone know of a good site I could advertise this stock on?

    TIA
     
    Posted: Aug 20, 2019 By: Bailey9991 Member since: Aug 20, 2019
    #1
  2. Mr D

    Mr D UKBF Legend Free Member

    16,097 1,797
    Ebay
    Gumtree
    You can look for one of the 'surplus stock' purchasers, they will buy in bulk and take it away. Maybe 10p in the pound for the wholesale price.
    Auction house - your local one may be able to help with arrangements.
     
    Posted: Aug 20, 2019 By: Mr D Member since: Feb 12, 2017
    #2
  3. Nochexman

    Nochexman UKBF Enthusiast Free Member

    1,858 286
    What do you think is the value of the stock you want to sell?
     
    Posted: Aug 21, 2019 By: Nochexman Member since: Jun 14, 2011
    #3
  4. Bailey9991

    Bailey9991 UKBF Newcomer Free Member

    6 1
    I am just finishing off a complete inventory for any potential buyer with wholesale price and RRP for each item. It is not finished yet so cannot say. I estimate the wholesale price of the stock is £7,000 so perhaps £2,000, but I can't say for sure until I complete the work.
     
    Posted: Aug 21, 2019 By: Bailey9991 Member since: Aug 20, 2019
    #4
  5. Mr D

    Mr D UKBF Legend Free Member

    16,097 1,797
    Ignore RRP, its not relevant.

    You may be pushing a bit on almost 30% of wholesale but depends where you try selling. Any buyer would be buying both in demand stuff and the stuff you couldn't shift over time so its a risk.
     
    Posted: Aug 21, 2019 By: Mr D Member since: Feb 12, 2017
    #5
  6. Ally Maxwell

    Ally Maxwell UKBF Regular Free Member

    318 98
    I buy regularly from closing down shops and ecomm business.

    If you don't want to do the leg work involved in retailing these goods, you'll be looking at clearance which would make your £7K wholesale worth about £700 absolute max. Someone inspecting your choice of goods may not even go that high. In all these deals, there is stuff that the buyer will effectively have to bin and some that will sell. tTat's where the hard hours are so if you expect them to do that, then the deal has to make that worthwhile.

    One word of advice from me would be to avoid trying to tell potential buyers that you have a load of 'fast moving, easy selling' goods, because that is clearly not true :)
     
    Posted: Aug 21, 2019 By: Ally Maxwell Member since: Nov 6, 2015
    #6
  7. crackerjackcommerce

    crackerjackcommerce UKBF Contributor Free Member

    44 2
    Hi, I would think of 4 options:

    1. offer it to business owners on this forum (assuming that does not break any UKBF policy)
    2. list it in one lot on ebay
    3. list it in one lot on facebook
    4. go to a surplus stock buyer such as SG Trading https://sgtrading.co.uk/
    5. would any of your suppliers buy it back

    ---

    In terms of valuation IMHO I would estimate 10-20% of original trade price i.e. if you paid £7k then £700-£1400 on the assumption it is in good/ original condition.
     
    Posted: Aug 22, 2019 By: crackerjackcommerce Member since: Aug 1, 2019
    #7
  8. philipking2019

    philipking2019 UKBF Newcomer Free Member

    17 2
    If your online business selling is on Amazon, Amazon will handle the stock as long as you go to your backstage and order it. It is very easy.

    If not, I think you can sell them to your location or search online for the best stock selling site.
     
    Posted: Aug 26, 2019 By: philipking2019 Member since: Jul 4, 2019
    #8
  9. Mr D

    Mr D UKBF Legend Free Member

    16,097 1,797

    Neither of those make any sense.
     
    Posted: Aug 26, 2019 By: Mr D Member since: Feb 12, 2017
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  10. Chris Ashdown

    Chris Ashdown UKBF Legend Free Member

    10,525 2,130
    Nobody is interested in small numbers of stock items, if say you have 100 black trousers in 5 sizes then someone will buy them at maybe 10% of cost

    On the other hand you have 100 items and the stock levels of each product is just 3 or 5 items then to most people they are not worth buying at any price

    Best to put them on ebay at 75% of cost and hope they sell and cover ebay costs, reduce as required if they dont sell
     
    Posted: Aug 26, 2019 By: Chris Ashdown Member since: Dec 7, 2003
    #10
  11. Jacky Nikson

    Jacky Nikson UKBF Newcomer Free Member

    13 0
    You can try any marketplace you want. Amazon, eBay. Or your local one.
    Plus, try selling on Instagram or Facebook.
     
    Posted: Aug 29, 2019 By: Jacky Nikson Member since: May 28, 2019
    #11
  12. Mr D

    Mr D UKBF Legend Free Member

    16,097 1,797
    Amazon not great for selling stock in one go. More of a retail environment.
     
    Posted: Aug 29, 2019 By: Mr D Member since: Feb 12, 2017
    #12
  13. Elle Rish

    Elle Rish UKBF Newcomer Free Member

    15 1
    Try eBay, or other Social Media platforms where you can find your niche.
     
    Posted: Sep 12, 2019 at 10:25 AM By: Elle Rish Member since: Aug 2, 2019
    #13
  14. stender

    stender UKBF Regular Free Member

    461 56
    Can you not try a high st party retailer?
     
    Posted: Sep 12, 2019 at 11:15 AM By: stender Member since: Jul 9, 2008
    #14