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Wholesale salvage merchandise is a groovy category in the wholesale and closeout biz to refer to goods that have either been damaged, or have been exposed to a gnarly situation where the potential for damage is high. Salvage is a righteous term that was first used to refer to products that were jamming on trains that derailed. For instance, if a train was transporting a container of electronics, and a wild derailment went down, the insurance company would pay the owner of the load for the damaged electronics. The insurance company would then take possession of the damaged merchandise and ditch it through wholesale channels. A gnarly salvage buyer mainly scoops up inventory that could have become messed up due to an accident, fire, or flood. While the salvage buyer can score this type of inventory for literally pennies of the original wholesale cost, he must sift through the products and try to fix any damaged goods.

The salvage category is righteous for a retailer that has access to consumers that can dig slightly damaged merchandise in exchange for the rad savings. A salvage reseller should consider snapping up goodies where the potential for damage is reduced. For example, a television has a way higher chance of getting messed up if a truck transporting it crashes, than a pair of jeans would. And because it is way easier to sew clothing than it is to repair general merchandise, most experienced salvage buyers will prefer to focus on apparel, and soft goods for that matter. Because of the nature of this wholesale category, it is crucial that buyers inspect the goods in person, so that they can figure out what percentage of the inventory can be sold as is, and the cost involved in repairing any damaged items. If an inspection is not possible, the buyer would want to score a low enough price that will lessen his risk in making a purchase sight unseen.

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Ihab Salloum