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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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Nigeria-China Strategic Partnership to Deepen Economic Ties

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Nigeria-China Strategic Partnership NCSP

By Adedapo Adesanya

The Director-General of the Nigeria-China Strategic Partnership (NCSP), Mr Joseph Tegbe, is currently visiting China to bolster China-Nigeria relations and foster economic and sustainable development between both countries.

The DG, with the Nigerian delegation, on Monday was at the headquarters of the National Development and Reform Commission (NDRC) of the People’s Republic of China where the NDRC Deputy Chairman received them, Mr. Zhao Chenxin, and other top officials, as well as the Nigerian diplomatic community and the Chinese Business Community.

Mr Tegbe is expected to cement strategic agreements in line with President Tinubu’s vision, with China for national growth and in vital sectors of the economy such as agriculture, to boost food security, alternative energy for developing renewable energy sources, healthcare, mining for harnessing Nigeria’s mineral resources to drive economic growth, education to strengthen Nigeria institutions and promote cultural exchange.

Other areas include technology, to foster innovation and advancement, and the support initiative of China’s Belt and Road Initiative (BRI).

The visit of the NCSP ‘s DG underscores the federal government’s commitment to establishing strong bilateral relations and supporting Nigeria’s economic diversification plans, infrastructure development, technology transfer, and job creation to foster mutually beneficial collaboration between the two nations.

Through this initiative, Nigeria can leverage its resources and human capital to develop key industries, bolster infrastructure, and enhance youth capacity through skills acquisition programmes.

On Monday, the DG NCSP and his team visited the CCECC Head Office, had dinner with the CHEC, and will on Tuesday, visit the Governor of the Central Development Bank, the Ministry of Foreign Affairs, and the China Export, Import Bank, as well as the China Development Bank. They also met with Power China Representatives.

They will on Wednesday, visit the Chief Harbour, the CHEC, CNCEC, and the CCECC Chairman, before moving to the CSCS Haishen Medical on Thursday, the CCECC, the China Building Materials, amongst others.

They will on Monday, 20th January, visit the Consulate General/Trade Mission Office, the Yang Shang Deep Sea Port, and Danghai Bridge (Sea).

The team is also expected at Huawei, before going to the CEC/ Long UAV, for a meeting with Diana Chen on Saturday, before returning to Nigeria.

This initiative comes on the heels of President Bola Tinubu’s official visit to China before the 2024 Forum on China-Africa Cooperation (FOCAC), where he had talks with China’s President Xi Jinping on improved economic cooperation, with the latter pledging 360 Billion Yuan, (about $51 billion), financing to African nations in the next three years, and support for 30 infrastructure projects to boost connectivity across the continent.

Last week, Chinese Foreign Minister Wang Yi visited Nigeria to reinforce the growing partnership between China and Africa, especially Nigeria, with discussions on strengthening economic ties, enhancing security cooperation and mutual developmental goals.

As Nigeria, Africa’s largest economy, seeks to become a net exporter to China in the next five years, the consolidated partnership is aimed at playing a crucial role in achieving this goal.

The country also remains China’s major partner on the continent for trade and technology investments.

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Adelabu Claims Power Generation Rose 30% in 2024

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Adebayo Adelabu

By Adedapo Adesanya

The Minister of Power, Mr Adebayo Adelabu, said power generation in the country increased by about 30 per cent in 2024, but missed crucial targets in the review year.

Mr Adelabu made the disclosure during his ministry’s 2025 budget defence before the Senate Committee on Power at the National Assembly complex on Monday.

He said that when he assumed the leadership of the ministry in 2023, he met an average of 4,100 megawatts of power generation.

“I can tell you authoritatively that by the end of 2024, we had a peak generation of 5,528 megawatts of power from 4,100 megawatts that we met on ground and the reason for this is not far-fetched. We added a new hydroelectric power dam, Zungeru, with 700 megawatts.

“There was also a tremendous increase in the generation lines by other existing generation companies,” he said.

The Minister said that the target for power generation was 6,000 megawatts, adding, however, that due to the challenges experienced toward the end of 2024 in terms of grid collapses, the ministry missed the target by a minimal margin.

He further said that apart from energy access expansion, the sector had plans to stabilise the grid and other transmission infrastructure.

“I’m happy to also inform you that out of the eight collapses of the national grid that we experienced during 2024, five were full collapses, while three were partial collapses.

“Out of the five full collapses, three were actually due to generation problems. So, as against the 12 collapse that were publicised, it was just about eight collapses.

“We have been trying very hard to ensure that we manage the grid that was inherited.

“Unfortunately, it is still very old. It is dilapidated. And we are just managing it until we are able to fix it permanently.

“This is the focus of the Presidential Power Initiative, to ensure that the entire grid is revamped so that we won’t be having all this vandalism.

“So these are the summaries of our activities. And we are proud to say that we almost met all our targets for 2024.

“Our hope is that 2025 will be a better year for us, and we will be able to address all the existing issues in the sector,” he said.

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Sanwo-Olu Denies Involvement in Obasa’s Removal as Lagos Speaker

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sanwo-olu Obasa

By Dipo Olowookere

The governor of Lagos State, Mr Babajide Sanwo-Olu, has refuted claims that he was involved in the removal of Mr Mudashiru Obasa as the Speaker of the Lagos State House of Assembly.

Mr Obasa was impeached on Monday after being on the seat since 2015 by 32 of the 40-member state parliament for alleged gross misconduct.

The action was carried out while the Speaker was away in the United States, with Mrs Mojisola Meranda elected as his replacement, becoming the first female to occupy the position.

It happened a few weeks after Mr Obasa said during the presentation of the 2025 budget by Mr Sanwo-Olu that he was qualified to be the governor of the state and even better than those who have occupied the position.

This statement by the former Speaker was seen as an affront on the previous governors of the state, including President Bola Tinubu, who governed Lagos between 1999 and 2007.

It has been speculated that Mr Obasa kept Governor Sanwo-Olu waiting for long during the budget presentation last month. It was claimed that this action infuriated the governor and leaders of the ruling All Progressives Congress (APC).

Yesterday, members of the parliament in Lagos said they had had enough of Mr Obasa, moving to remove him from office.

As this happened, there were claims that Mr Sanwo-Olu instigated members of the Lagos State House of Assembly to impeach the former Speaker.

But the governor, through his Special Adviser on Media and Publicity, Mr Gboyega Akosile, distanced himself from the impeachment, emphasising that it was purely a decision of the legislative arm of government.

“This is a legislative matter, and the Assembly handled it as they saw fit. The governor has no involvement,” Mr Akosile, who once served as the Chief Press Secretary (CPS) of Mr Sanwo-Olu, said in an interview, noting that his principal does not interfere in the other arms of government.

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