TURN YOUR SURPLUS PACKAGING INTO CASH

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How To Find Surplus Packaging Buyers: A Complete Guide

Posted on by Packaging Buyer

It may happen that you’ve some extra stock of inventory that’s unnecessarily occupying a lot of space. The best option in such a circumstance is to find buyers who’ll not only ease your burden of cleaning and storage but will also provide you with a decent income.

There’re a lot of companies who will willingly buy your excess inventory, but getting a perfect deal is what matters the most. However, the fact of the matter is, most people end up getting less than they deserve. The primary reason behind this is that sellers often tend to deal with companies who pay less and are always seeking opportunities to exploit the sellers.

In this blog, we’ve provided a detailed guide on finding the best surplus packaging buyers. So, let’s dig deep!

5 Exciting Tips to Find the Best Surplus Packaging Buyers

Examine the Quality of the Goods – Needless to mention that the current condition of your inventory is the key to strike a handsome deal. Your merchandise’s physical condition is directly proportional to the buyers’ purchasing decision and the final price that they’re willing to pay. Examining the quality of the goods and then repairing the damage, if any, will lead to higher prices. Once you repair the good, bid for higher prices.

Do a Thorough Research on the Market Expectations – The market has a broad spectrum of needs, and customers will never be the same. So, it’s best to understand the needs/ requirements of the industry. Experts are of the view that this is a stepping stone to strike a good deal effectively. It’s evident that buyers only buy goods that they need. So, have a clear idea about their likes and dislikes. Now that you’ve a fair idea, get in touch with surplus package buyers who pay a good price for the product.

Thoroughly Examine the Prices – You must not forget to consider the price that the company is offering, as it’ll determine what you’ll earn post the sales. It’s always advisable to ensure that the price they’re offering is not way below the product’s actual price. The goal is to make sure that the price meets your objective while ensuring it’s not too high for the company to pay.

Know the Possible Market Prices – Prices play a determining role as they may lead to fast sales or no sales at all. The price they’re offering must be reasonable and according to the market rates. Try to have an idea about the price the other surplus packaging buyers offer for the same product.

Check for Market Reputation – Before selling, always check for the market reputation of the buyers. A reputable packaging buyer will always offer you the best deals when compared to the new entrants.

The idle becomes a liability as it tends to consume a lot of space. Without any doubt, the best strategy is to dispose them of as early as possible to ensure that your home/ storeroom never feels cluttered. The mentioned-above strategies will help you find the best surplus packaging buyers. Put them into consideration before making a final decision.

How to Optimize Warehouse Space: 5-Step Guide

Posted on by Packaging Buyer

There’s no denying the fact that warehouses are expensive to operate. The cost of labor, occupancy, storage and material handling often becomes difficult for businesses to manage.

Most importantly, cost of warehouse space is at a premium these days, and under-utilizing space considerably naturally increases overall cost. So, to help businesses best manage space, we have provided a list of 5 awesome tips. Let’s delve deep!

 

Use vertical space

Ensure you’re using all the vertical spaces available as it helps save a lot of ground space. Try to analyze all storage units to understand the span height. Make sure to have a clear idea about how much vertical space is not being used.

Going forward, try to understand the existing design pattern and how the new design would impact your sprinkler design and fire code. That way, you’ll be able to optimize a considerable portion of the ground space of your warehouse.

 

Use containers that fit the stored item

Unpackaged goods are often placed in storage containers and stored on racks or shelves. Mostly, warehouses use containers of the same size, rather than buying containers of different sizes.

When stored on the rack, these containers occupy a lot of space, which otherwise could have been saved had there been containers of different sizes. So, the best approach is to sort the unpackaged items according to their size and buy containers accordingly. The next step is to store those containers on racks in an ascending/descending order based on their sizes.

 

Sell surplus packaging

This is a great strategy to maximize warehouse space. No matter how strategically a business owner plans the purchasing and production cycles, she/he will end up with excess inventory. Simply throwing those away or dumping them in a landfill is not only a threat to the environment but also incurs unnecessary costs.

On the contrary, if you consider selling the surplus packaging, it’ll help liquidate excess packaging. All that need to do is, consulting an experienced surplus packaging buyer.

A trusted surplus buying company will help you free up valuable warehouse space while also contributing to recover capital. Most importantly, business owners will be able to focus on their critical business operations (as they won’t have to worry about excess inventory) and seek opportunities to take it to the next level.

 

Minimize your aisle widths

Decreasing the width of the aisles between the racks is a time-tested strategy to clear warehouse space. According to veteran interior designers, it boosts the available warehouse storage.

The optimum space between the aisles should always be a notch higher than the length of the taller one. Once you have an idea about the minimum aisle width, try adjusting the aisles’ position or reduce the width by adding more racks.

 

Clean Up the Floor

Any warehouse’s floor space is extremely valuable as it’s one of the most accessible locations. Cleaning the floors daily and removing the waste to designated trash locations frees up a lot of space. And if you’ve any unused equipment occupying space in your warehouse, evaluate its condition and determine whether it can be sold. If the equipment can be used at a later date, but not useful currently, try storing it in another location.

So, here was our 5 step guide to optimize warehouse space. Let us know what you think in the comment section. Also, share the strategy you think would best suit your needs.