12 Feb

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Selling Off Your Assets: Auction Vs Whole Lot Purchase

Asset Liquidation Options

When looking to sell liquidation assets or turn overstock, surplus, or obsolete merchandise into cash, there are a few liquidation options available to you, including whole lot purchases and auctions. Knowing the difference between these two types of sales can help you make the right decision for disposing your company assets depending on your needs. Whole Lot Purchase For manufacturers and large retailers, holding onto excess or obsolete inventory can be costly because the items continue to depreciate with age, they tie up capital, and they take up valuable space in the warehouse. If they want to relocate or close their business, they may also…

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05 Feb

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Protecting Your Brand While Exporting Overstock

3 Tips To Start Exporting Your Surplus Inventory

The growth of the online marketplace has created many new opportunities for both individuals and companies to sell all kinds of merchandise. Import and export businesses now have low-cost, direct access to customers around the world through their own websites and other online marketplaces like Amazon, eBay, and Alibaba. When exporting store returns and/or overstock…

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24 Jan

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How To Avoid Bankruptcy

How To Avoid Bankruptcy

While some people view filing for bankruptcy as the quickest way to get out of debt and start anew, the process is not nearly as smooth and hassle-free as you might think. Though some of your debts will be discharged, the incident will appear in your credit report for at least the next seven years,…

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24 Jan

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How To Choose A Company To Help Liquidate Your Assets

How To Choose A Company To Help Liquidate Your Assets

Making the decision to liquidate your business assets, whether to downsize or get out of debt, is not an easy decision. With that being said, it may be the quickest way to raise the much needed capital or avoid total loss from salvage merchandise – floor damages, customer returns, and samples. The key to a…

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24 Jan

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Why Liquidation Companies Get A Bad Rap

Why Liquidation Companies Get A Bad Rap

Business liquidation should be seen as a fast way for converting surplus inventory into working capital, or a solution to sell off business assets to pay off debt, avoid bankruptcy and start fresh. Typically liquidation companies would be considered heroes who aid businesses to achieve their goals. Sometimes this isn’t always the case. There is…

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Michaels Global Trading

114 - 65 Shuter Street, Toronto, Ontario, M5B 1B2, Canada

sales@michaelsglobaltrading.com
647-821-9961