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General Wholesale vs Liquidation Wholesale: Which One Is Better For Your Business?

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Liquidation Wholesale

Selling products wholesale is something that most people have been doing for a long time. Wholesale is now divided into two different types. We now have General wholesale and liquidation wholesale. These concepts are quite simple to understand but have a lot of depth to them. General wholesale is mostly about the unique goals and markets that you target.

For example, General wholesale is mostly done with products such as furniture, clothes, appliances, Hardware, home supplies, etc. These are products that most people buy in their day-to-day lives. On the other hand, liquidation wholesale is a lot more specific.

People buy liquidation wholesale pallets, if they want second-hand, overstock, customer returns, or closeout products.  Sellers don’t usually buy these products directly from the producers. Therefore, these products are a little less costly. If you wish to know which type of wholesale is better for your business, keep reading the article:

  • The target audience of general wholesale vs liquidation wholesale:
  • General wholesale: The target audience of General wholesale is usually the general public. This means that products we see regularly in markets are from general wholesalers. For example, when we go to the supermarket to buy groceries, they are mostly from general wholesalers.

This is mainly because the grocery stores buy these works directly from the producers wholesale to sell them to the general public in the sale. Other than general supplies, many people also sell items that people buy occasionally if not regularly. For example, jewellery, clothes, home appliances, fitness gear, and many other items. Due to such a wide catalogue, the market of general wholesalers is very wide.

  • Liquidation wholesalers: The target market of liquidation wholesalers is usually people who wish to buy high-quality products at a cheap price. Although liquidation products are cheaper, liquidation pallets can give you a lot of different types of products. Most liquidation stores offer second-hand products.

Since these products or not the original products which have come directly from the producer, the price is lesser. Since second-hand products have few damages to them, liquidation wholesalers cannot sell them at the original price. This appears as a great sale to most people who do not wish to spend a lot of money on the brand-new product but also want the same for purchase.

In addition, liquidation wholesalers also upload their products on online retail websites. Websites like eBay, Amazon and Flipkart in India sell a few liquidation products. In this way, liquidation wholesalers can expand the market and reach more people.

  • Advantages:
  • General wholesale: The first advantage of General wholesale is that most of your products will be of great quality. This is mainly because you buy them directly from the main producer. Therefore, all of your products will be new, fresh, relevant and ready for purchasing. In addition, General wholesale products are hardly ever damaged.

In this way, you will not have to face any problems with damage to the products. Since these products are something that most people need to buy, having a higher price on them will not stop people from buying them. Therefore, no matter the MRP, people will buy your products leading to more profit.

  • Liquidation wholesalers: liquidation wholesalers have some amazing advantages. One of these is that you can negotiate the price of your products by yourself. Since you are going to be selling the products regardless of the MRP, you can set a price which you feel is the best.

You can always make some great profit from liquidation wholesale lots. Since your products are cheaper and of high quality, most people will buy your products in the first instance. This means that you will mostly acquire all of your customers and not lose any. Liquidation wholesale is also great as you can promote your products in various ways and grow your brand.

  • Disadvantages:
  • General wholesale: General wholesale has a few disadvantages. Most of these are based on the fact that you will have to charge a greater price than what the original producer gave to you for your product.

This is because, to keep some profit, you will have to increase the price. This may cause a problem for a few people as general supplies should not be as expensive. Even though your market will remain active, your customers may not be the happiest.

  • Liquidation wholesale: liquidation wholesale doesn’t have many disadvantages regarding customer satisfaction. However, many people may find it difficult to carry out a liquidation business due to the damages to a few products. Sometimes, there are also many problems with the packaging of the products. This can lead to a lot of obstacles.

In conclusion, both General wholesale and liquidation wholesale have their pros and cons. Depending upon your needs and expectations, you should figure out which one fits you the best. If you are willing to put an effort and go the extra mile to find high-quality liquidated products, then liquidation wholesalers are for you.

However, if you wish to simply sell ready-made high-quality products, then you should go for general wholesale. We hope that this article could help you understand General wholesale and liquidation wholesale better and could help you choose the best one for your business.

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DSS Accuses Malami, Son of Terrorism Financing in Court

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remand abubakar malami

By Adedapo Adesanya

The Department of State Services (DSS) has arraigned the former Attorney General of the Federation (AGF) and Minister of Justice, Mr Abubakar Malami, and his son, Mr Abudlazizz Malami, on a five-count charge of abetting terrorism financing and illegal possession of firearms.

They were arraigned before Justice Joyce Abdulmalik of the Federal High Court in Abuja, where they pleaded not guilty to the charges.

In the charge, the former AGF was accused of knowingly abetting terrorism financing by refusing to prosecute terrorism financiers whose case files were brought to his office as the AGF in the last administration for prosecution.

Recall that the secret police had arrested Mr Malami, shortly after his release from Kuje prison in Abuja more than two weeks ago after Justice Emeka Nwite of the Federal High Court in Abuja granted him and two others bail in the sum of N500 million in another case involving the Economic and Financial Crimes Commission (EFCC).

Mr Malami and his son are also accused by the DSS of engaging in conduct in preparation to commit act of terrorism by having in their possession and without licence, a Sturm Magnum 17-0101 firearm, 16 Redstar AAA 5’20 live rounds of Cartridges and 27 expended Redstar AAA 5’20 Cartridges.

His arrest in January followed weeks of reports of surveillance by the secret police in front of the prison facility since the time Mr Malami, his wife and son were remanded there over the money laundering charges.

As per reports, Mr Malami had gathered that he would be picked up upon regaining his temporary freedom and so decided to wait out the DSS. However, after his eventual emergence, the operatives took the ex-AGF into detention again.

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Lagos Launches Coastal Community Responder Programme for Waterways Safety

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waterways fatalities

By Adedapo Adesanya

The Lagos State Waterways Authority (LASWA) has initiated an inter-agency partnership with the Centre for Rural Development (CERUD) to establish the Coastal Community First Responder Programme (CCFRP).

The first responder programme is aimed at promoting safe and secure transportation across Lagos waterways.

The initiative was unveiled during a meeting between a LASWA delegation and officials of the Ministry of Local Government, Chieftaincy Affairs and Rural Development at the secretariat in Alausa.

Leading the LASWA team, Mr Olademeji Shittu said the programme is designed to reduce fatalities and material losses on Lagos waterways, particularly in hard-to-reach coastal communities.

According to Mr Shittu, the CCFRP will focus on empowering community volunteers through targeted capacity building for sustainable rural development, while also equipping them with relevant skills that can enhance employability within the maritime sector.

He noted that trained volunteers will serve as community-based first responders, working in close collaboration with LASWA to strengthen search and rescue operations.

Providing the rationale for the programme, Mr Shittu highlighted the recurring cases of marine incidents and fatalities on Lagos waterways, often worsened by delayed emergency response in remote coastal areas.

He explained that residents of these communities are usually the first on the scene during accidents, making it necessary to formalise their role through structured training and partnerships.

He added that the collaboration with CERUD will help create a sustainable framework that aligns community development with safety and emergency response, while fostering a sense of ownership and responsibility among coastal residents.

According to a statement, the Coastal Community First Responder Programme is expected to enhance emergency preparedness on Lagos waterways, improve response times during marine incidents, and contribute to safer water transportation across the state.

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NLC, TUC Suspend Planned Protest, Ask FCTA Workers to Resume

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wike FCTA workers

By Adedapo Adesanya

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have suspended their planned protest in the Federal Capital Territory and instructed workers under the Federal Capital Territory Administration (FCTA) to return to their duties with immediate effect.

The directive followed an overnight engagement involving labour leaders, the Minister of the FCT, Mr Nyesom Wike, and members of the Senate Committee on the FCT.

The meeting, which began late on Monday, stretched into the early hours of Tuesday, culminating in an agreement that led to the unions’ decision to halt the protest action and restore normal activities across FCTA offices.

This comes after Justice Emmanuel Subilim of the National Industrial Court issued an interim order restraining the NLC, TUC, and three others from embarking on any form of industrial action or protest.

Ruling on an ex-parte application filed by the Minister of the FCT and the FCT Administration, Justice Subilim granted an interim order restraining the 1st to 5th respondents and their privies or agents from embarking on strike pending the hearing of the motion on notice, also ordering the 5th-9th defendants who are security agencies to ensure no break down of law and order.

The ex-parte motion, which was filed by the counsel to Mr Wike and the FCTA, Ogwu Onoja, submitted that the Chairman of the FCT council had sent a message of mobilization to members and affiliated unions for a mass protest scheduled for February 3.

This move, he noted, was in violation of the orders of court, adding that after the ruling of the court on January 27, the order of the court was served on the defendants, same day the NLC and TUC issued a statement to all affiliated unions to intensify and sustain the strike.

The statement jointly signed by both unions directed that the striking workers should resume the strike as the unions’ counsel, Mr Femi Falana, has filed an appeal against the interlocutory ruling.

He further pointed out that With the statement, JUAC issued a circular directing all employees to continue the strike.

This position they say is aimed at causing break down of law and order in the Nations capital.

The court subsequently adjourned the case until February 10 for hearing.

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