How to Grab Surplus Deals in India

If you are looking for surplus deals in India, you are at the right place. Being a retailer it’s important that one has access to surplus stock to meet the rising customer demands. It’s not always beneficial to buy in bulk from regular sources as you never know when the trend would deviate and the surplus can turn into a burden. Therefore, it’s advisable to look for surplus deals that are not heavy on the pocket. That being said let’s see the reasons resulting in surplus.  

Overproduction: Manufacturers always ensure that they produce a little more than the ordered quantity to cover for defects during manufacturing process. Once the shipment is done, what’s left is called surplus. 

Quality Issues: If the quality of the product is not up to the mark, buyers would often reject it. Thus, these rejected items result in stock lot.

Shipment Rejection: A shipment delay or manufacturer’s inability to meet the demand on time can lead to rejection of the lot. 

These and several other reasons lead to piles of surplus garments. This tends to be a plus point for someone looking for surplus deals in India as the manufacturers try to get rid if this excess lot and that too at unbelievable low prices. Instead of bearing the loss, they cover the manufacturing cost by selling the surplus stock at discounted price.

It’s actually a win-win situation for both suppliers and customers. Customers get superior quality branded products at dirt cheap prices and the manufacturer can still profit from the leftover stock. However, there are somethings everyone in this line of business should consider in order to grab surplus deals in India.  

Identify your Competition: This being an era of cut-throat competition, its imperative that you watch the moves of your competitors. To gain an edge your product must be unique and different from other sellers which defines your USP. 

Identify Market Gaps: To be successful, one needs to identify the gaps in the market that have been left untapped or unsolved. Visit the website or webpage of the company or government agency or the surplus stock liquidation company that sells the stock lot. 

Look through Classifieds: Look through classified business section of the newspaper or refer the Yellow Pages. You will come across companies that may have listed their offering of surplus inventory in the classified section. Similarly, look for the word ‘Surplus’ or ‘Surplus Inventory’ in Yellow Pages to look for companies under those categories.

Direct Approach: Contact the manufacturer of the product directly. Possibility is, manufacturers may have surplus stock of the product in their warehouse that they wish to sell at a discount. Reach out to the manufacturer and enquire about surplus inventory that they want to get rid of to make space for new inventory. 

Contact Liquidating Agencies: One can also reach out to liquidating companies that specialize in selling overseas markets and can offer excess inventory at bargain prices. These companies/ agencies have contacts and can help to get lucrative deals.

Factory Closeouts: To make room for new inventory businesses need to get rid of excess inventory and therefore sell their products at dirt cheap prices. Keep a lookout for such factory closeouts and you can land a great bargain. 

Keeping an eye for the aforementioned ways can help you grab surplus deals. Make a well thought game plan and do the necessary research, you will find that your decision to but surplus inventory can be a game changing approach to finding quality products at highly discounted prices.