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March 21, 2023 1:48 pm
Some categories are easier to resell and earn a profit from than others. For example, categories like toys or apparel are easier to flip with little to no prior knowledge about reselling. But when it comes to appliances, you need to do some preparation and research. These items are bigger in terms of size and price, but you can make a bigger profit by selling them. Read below to find all you need to know about buying and reselling appliances and tips on how to make a good profit from it.
When talking about appliances, they can be either big: washing machines & dryers, dishwashers, refrigerators & freezers, and ovens, stoves and cooktops, or small kitchen appliances.
Liquidation appliances come from overstock or returns. While overstock items are in perfectly new condition, returned items are often perfectly functional and may only have small cosmetic damages (scratch and dent) or damaged packaging. Selling appliances is a profitable business even when they are scratch and dent because often you can buy these items deeply discounted. These scratches and dents only affect the aesthetics of the product, but not the overall functionality. About 80% of appliance purchases are replacement purchases. This means shoppers are looking for a unit to quickly replace their broken one, usually in the next 24-48 hours. So if you have the inventory available, you can make the sale.
Tips on how to sell liquidated appliances for profit
1. Have a physical store
It’s important to set up a showroom for your customers to come in, look and test items in person. It gives them the confidence to buy the product and bring it home quickly. The advantage is that you also avoid dealing with shipping big, bulky inventory.
2. Make necessary repairs
Look for available appliance technicians near you or make the repairs yourself. Making repairs goes a long way and will allow you to sell used appliances for a higher profit!
3. Always test appliances
Test the appliances to make sure they work properly before selling them to your customers. Part of selling used appliances means also that you may have to find certain missing accessories.
4. Check which appliances sell faster
Usually laundry units are in higher demand in the market than kitchen appliances. Also laundry units generate the highest secondary appliance market pricing, with refrigerators following in second. For business owners, this means that washers and dryers tend to sell faster allowing you to move inventory quickly.
It is also worth considering that because laundry units are not out in the open for everyone to see, consumers are less concerned with minor scratches. On the other hand, a dented fridge would be more noticeable and might drive customers to look for the new condition.
5. Follow retailers’ promotional trends
Big buying holidays like Christmas, Black Friday etc. are good times to stock up on discounted inventory and keep around when promos are over. Customer returns also trend upwards when those holiday promotions are over as well. The non-holiday time frames are better for secondary market selling as customers are still looking for a good deal and can come to you for inventory.
6. Use add-ons to attract customers
As you continue to sell used appliances, consider how you can include extra value-adds like carting away customer’s old appliances. For many people, this can be a huge hassle that they don’t want to deal with and you can profit from!
ARLL Group of Companies offers the best quality services in Europe and you can be assured of consistent inventory and fast shipping. We can handle large quantities of liquidated appliances and we have the best client service.
ARLL is here to help you choose the right appliances inventory and navigate your new business, so you can start making profit quickly. To learn more and receive a personalized offer, please contact our sales team. You can now buy entire stock lots directly from our website.