Subscriptions weren’t popular a decade ago. Nowadays? They are booming and transforming how businesses access products and services. Not only as an additional option but also as the main way to get the most out of what a business offers.
How does this translate into the surplus liquidation market?
This evolution has given rise to Surplus-as-a-Service (SaaS) platforms in particular. These work as subscription models that grant buyers exclusive, tiered access to premium inventory.
In other words, you can get amazing surplus goods, but the subscription models increase the chances of getting more for less. This is a great option to streamline quality and ensure you get the best for resale or your own use.
Coastal Surplus Solutions offers innovation, and we are always working at the forefront of new approaches. We offer tiered membership, like “Priority Access” to high-demand lots. This helps resellers and buyers secure the best surplus goods efficiently.
Since we connect you to surplus goods in all categories, you can get access to the best in record time. any good and from any industry:
- Drywall, concrete, safety gear, or tiles for n
- Packaging and book special editions for bookstores.
- Clothing sets and pieces for clothing stores.
- And much more.
But why is this new system or option viable? And how did it become the best option for bulk buyers?
The Rise of Subscription Models in Business
Subscriptions are not new, but the pandemic and how many changes that took place with it have revolutionized this model.
It is all because of how it provides predictable revenue streams and enhances customer loyalty.
Unlike traditional one-time purchases, subscriptions offer ongoing value, convenience, and flexibility. However, this also depends on who is offering the services and going for a fair subscription system.
As noted by industry experts like Energy Monitor, subscription services help companies differentiate themselves. They build long-term relationships and connect more suppliers and buyers.
It creates a win-win scenario for both providers and customers, as the latter gets to access more benefits.
SaaS, in particular, is more of a long-term investment.
Users pay for continuous access to the latest features without large upfront costs.
Doing this expands and increases the opportunity to get physical goods without worrying about others getting them first.
While it started in software and services, such as Microsoft Office and similar options, it has been moving to physical items. This includes surplus liquidation inventory.
What Is Surplus-as-a-Service (SaaS) in Detail?
This model and platform operate on a subscription basis as well.
They grant members access to curated surplus inventory pools. Also, they offer the opportunity to gain an advantage over other sellers.
Instead of bidding or buying ad hoc, or having to wait for more goods to be released, subscribers enjoy benefits. The main one is drifting away from the hassle of waiting or spending more.
Most Surplus-as-a-Service platforms work on the same principles:
- Tiered memberships: This implements the different levels mechanic. The common names are around “Priority Access” and “Elite,” which vary in what they offer and if products are high-demand or exclusive lots.
- Predictable costs: Buyers don’t have to deal with extra expenses or purchases. Instead, the subscription model offers a fixed monthly or annual fee that differs from the usual “unexpected” fees.
- Early access: This is what makes most people get the subscription. Since priority members receive a first-pick advantage, it drives their business’s cash flow up.
- Curated selections: Inventory is specifically vetted for industries, and depending on the buyer. This reduces search time, risk, and offers comfort.
It is an incentive system. While it feels like suppliers get the most out of it, it is a balanced system for both.
Suppliers get recurring income and profits, but buyers get the most for their businesses or personal use. It is efficient and maintains both sides running.
How Coastal Surplus Solutions Implements Tiered Memberships
At Coastal Surplus Solutions, we offer a tailored system designed to meet diverse buyer needs.
While the SaaS follows the same principles, every tiered membership and type is completely different from the others.
We follow three main options:
- Standard membership that gives access to a broad range of surplus inventory with regular updates.
- Priority access for early notifications and first rights to premium and high-demand goods.
- Elite tier for tailored deals and dedicated account management.
While we have extra benefits for the tiered membership, keep in mind that we support everything.
We can be your dedicated sourcing partner and tailor everything for you. It will depend on your request, but the membership option is not entirely necessary for our bulk buyers.
Feel free to contact us to understand how this is curated and how we help with our basic services, yet complete options.
Energy Monitor’s research shows that subscription models generate recurring revenue for everyone. You can either utilize the system or offer it to your clients. The key factor is using it in the pursuit of bringing business growth.
We help you regardless of the approach and can provide surplus goods to sustain your specific demands.
