“Inventory is money sitting around in a different form,” writes Rhonda Abrams in, “The Rhonda Report.” And unless you can sell it, excess inventory can be a huge drain on your profits. This includes the cost of storing the stuff and the decreasing value of merchandise that’s perishable or becoming dated.

Here’s how to make the most of your excess inventory.

Sell it to an inventory liquidator

An inventory liquidator will buy your excess merchandise and re-sell it, oftentimes at a discount. There are several things to keep in mind if you decide to go with this option. First, make sure you know what the value is of your merchandise and how much you are asking for before entering into any negotiations.

If your inventory is particularly brand sensitive or includes other factors, then you also need to establish that going into the deal. “Even if the buyer gives you the highest price upfront, if they put your brand in jeopardy or compromise your current sales channels then you still end up losing,” warns InventoryBuyer.Net. Consider the cost of delivering your inventory to the buyer as well. If you need cash quickly, inventory liquidators can be helpful, but be aware of the risks.

Sell it online 

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