FAQ
Most frequent questions and answers
Retailers, manufacturers, importers, wholesalers, and anybody else who stocks inventory is always looking to stock their shelves with products that have the highest margins and sell the fastest. Unfortunately, not all products are successful or continue to be successful so when sales or profit margins are not where they need to be then companies are forced to liquidate these products. This usually occurs at a fraction of the retail or wholesale value and may even be sold at a loss to free up the space in the warehouse or in the store for better-performing products. The other large category of items that companies need to liquidate are damaged goods. Damage could be caused during shipment or storage or it could be because the item was purchased by a customer and then returned. Either way companies can’t sell these products at full retail and may be forced to liquidate them. From the company’s point of view regardless of why the product is being liquidated it’s usually considered salvage at this point. This is an important concept to understand and is the reason that liquidation merchandise is usually referred to by the old saying that, “one man’s trash is another man’s treasure.” Companies are not liquidating products just because they are nice people and want resellers to make a lot of money. It’s purely a profit-driven business decision and the goal of the company liquidating the product is to get as much money as possible for what they consider to be junk or salvage product. This means that you will be receiving either damaged items or less-than-desirable items that the company was having a hard time selling or making a profit on. There is a huge demand for these products and successful resellers are able to do what the big box retailers can’t. Which is selling those products at a price that provides a healthy profit margin. It’s common to purchase these at just a fraction of what the companies originally paid for the product and the overhead expenses of a reseller are usually fairly low so for those reasons, it is common for a reseller to be able to offer those products at a very competitive price to drive sales. The other common way that a reseller can turn those products in to cash is by fixing or parting out the damaged items. All successful resellers have one thing in common, they are masters at finding a way to minimize the amount of items that get thrown away and maximizing margins on every item they sell. We supply customers all over the country that range from the average person looking for a side gig who sells a few items on Facebook or Ebay to supplement their income to large multimillion-dollar corporations. So, no matter what your goals are in the business Freedom Wholesale is your sourcing partner for a consistent supply of liquidated inventory.
Yes, it is. When you purchase liquidation merchandise you are absolutely taking a large financial risk. It is imperative that you understand the risks and that you are prepared to accept them before you make a commitment to purchase since all product in this industry is sold as-is with no refunds. If you have questions about the risks involved please ask your salesperson. It is their job to help you choose the right truckload based on your risk tolerance. It is never our intention to sell a “bad” truckload or one that is significantly different than the manifest, however, both of those things happen and you must keep in mind what you are buying is being liquidated because it is damaged or the company that owned it could not make a profit on it. We focus exclusively on direct shipped truckloads and we do not warehouse any of the products that we offer so we don’t see each truckload before it ships. This helps to keep the cost as low as possible by avoiding double and triple shipping and handling of the product. It also helps to avoid the load being “cherry-picked”. While this business model helps to keep costs low and product quality high it also opens up the risk for a load with higher than-expected damage rates, items missing from the manifest, or the wrong type of product being loaded on the truck. Unfortunately getting “bad” truckloads is part of the business and if you buy enough truckloads it is bound to happen at some point. The key to making money in the liquidation industry is understanding that this is a volume-based business and one truckload should never determine your success or failure. It is our goal to work with you to help your business become as profitable as possible so that you can continue to purchase liquidation truckloads from us indefinitely and our acquisitions department focuses exclusively on building strong relationships with suppliers so that we can confidently provide our clients with as much information as possible about each load to help mitigate risk.
We will sell to anyone that would like to buy liquidation or closeout merchandise but some of the types of businesses that we deal with regularly include retail stores, wholesale companies, bin stores, pallet sale warehouses, e-commerce companies, exporters, auction houses, flea markets, and individual resellers.
Liquidation inventory changes very quickly and at any given time we usually have between 300 and 500 different options for liquidation and closet-out truckloads available. Availability and pricing change by the minute and since there is no centralized information system for the liquidation industry it is nearly impossible to provide real-time data publicly. However, we have an administrative team that works exclusively on keeping up to date on the most current pricing and availability of all of our liquidation truckload offerings and ensuring that information is available to our sales team. For that reason we recommend scheduling an introductory meeting with our sales team as early as possible so that they can learn about your business to determine which products will work for you based on your timing, location, budget, risk tolerance, and business model. Once they have obtained that information they can provide you with the most up-to-date information on an ongoing basis about only the particular truckloads that are relevant to your situation. The other factor that affects our ability to provide information publicly about available truckloads of liquidation merchandise is the fact that oftentimes the sources of the product specifically request that the product is not advertised publicly to protect brand integrity and MAP pricing with their authorized resellers.
That’s a difficult question to answer because there are several factors that can affect the price of liquidation truckloads. We have had loads with prices as low as a few thousand dollars up to several hundred thousand dollars or more, however, most truckloads cost between $8,000 and $25,000.
Yes, we are required to collect sales tax on all purchases unless we have proof of your organization’s tax exemption on file.
Generally, the cost of shipping is not included in the quoted price, however, there are exceptions and certain loads do include the freight cost or include the freight cost within a certain distance from the origin. Freight prices on each load can vary significantly depending on the origin and destination of the truckload as well other factors including diesel prices, current supply and demand, weather, the desirability of that particular lane for a truck driver, etc… The national van rates can are published online by several sources including DAT. You can see the current national van rates by clicking HERE.
No, we do not ship internationally. We are happy to work directly with your freight forwarder or customs broker and to help get your product delivered to any domestic U.S. port or crossdock facility. If you don’t already have a freight forwarder that you are working with you can click the link HERE for a directory of freight forwarders and logistics companies.
Some facilities will allow you to pick up your own truckload, but they do require that you have a dock height 53′ dry van or reefer trailer. If you choose to run your own freight you will be responsible for all incurred accessorial charges related to pickup including TONU fees, detention fees, layover fees, etc… even if the issues were caused by the shipping facility.
The first step is to have an introductory meeting with our sales team. You can schedule an online meeting by clicking HERE, giving us a call at 417-361-0880, or coming by our office. After that, your salesperson can provide you with the currently available truckloads that match the criteria for your particular business. Once you have chosen a truckload your salesperson will get a freight quote and if the cost of the load and the freight are within your budget they will send an invoice. After payment is received our administrative team will handle of all of the logistics involved in getting the truck to you. It is your responsibility to unload the truck within 2 hours of arrival without any assistance from the driver. That means that you will need a forklift and/or a loading dock at the receiving facility as well as labor to get the truck unloaded. If you are unable or unwilling to unload the truck when it arrives the trucking company will begin charging accessorial fees such as detention fees, layover fees, driver assist fees, etc… and you will be responsible for any incurred fees so it is imperative that once you order your truck you are prepared to accept it. Refusal to accept a truck at delivery may result in forfeiture of the product with no refunds.
Wire transfer is the industry standard for liquidation merchandise due to the speed of processing. You are also welcome to come to our office and pay with cash or certified funds.
It varies depending on the particular truckload. Some liquidation truckloads ship within 1-2 days and others can take a month or more, however, most truckloads are picked up within 4-10 business days. Transit times will be determined by the distance, how many hours the driver has left after he picks the truckload up, weather, traffic, mechanical issues, weigh station delays, etc… Your salesperson can provide you with an average lead time, but we do not guarantee delivery times since there is a long list of factors that can affect transit times that are out of our control. For this reason, we always recommend that you place orders well in advance of when you will actually need the inventory available for your business. This strategy will help you to avoid having inventory issues if your truckload takes longer than expected to be delivered. Depending on your business model and volume this may require you to keep one or more truckloads in reserve all the time.