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

[Bailey9991]

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

 

[Mr D]

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.

 

[Nochexman]

What do you think is the value of the stock you want to sell?

 

[Bailey9991]

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.

 

[Mr D]

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.

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.

 

[Ally Maxwell]

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

 

[crackerjackcommerce]

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

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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.

 

[philipking2019]

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.

 

[Mr D]

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

Neither of those make any sense.

 

[Chris Ashdown]

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

 

[Jacky Nikson]

You can try any marketplace you want. Amazon, eBay. Or your local one.
Plus, try selling on Instagram or Facebook.

 

[Mr D]

You can try any marketplace you want. Amazon, eBay. Or your local one.
Plus, try selling on Instagram or Facebook.

Amazon not great for selling stock in one go. More of a retail environment.

 

[Elle Rish]

Try eBay, or other Social Media platforms where you can find your niche.

 

[stender]

Can you not try a high st party retailer?