How Liquidation.com Compares...
As you might has guessed, Liquidation.com is all
about buying liquidated products. These are products that usually fit
into a number of categories:
1) Over-supply of new products
2) Shelf products that are being cycled out
3) Refurbished products
4) Surplus products
5) Close-out items
etc. etc. etc.
of these kind of products from from major national retailers, Fortune
500 Companies, Wholesalers, Liquidators, and Mid to Small size
Because of the unpredictible
nature of liquidated products, many are sold in the form of auctions.
And there are plenty of places and websites to buy liquidation items.
Liquidation.com is slightly different than your traditional auction
website (like eBay)...and this is its strengths, too!
most auction sites, your transaction is usually between a person or
business and yourself. At liquidation.com, most of the products are
warehoused and shipped by liquidation.com. Why does this matter?
Simple: Reliability, Security and Dependability
of the biggest concerns about buying anything online is always
reliability! Is the vendor or seller honest? Will I get my products? Is
it safe to give out my credit card to anyone? With liquidation.com, you
buy directly FROM liquidation.com. The product comes directly from them
(in most cases), not the seller. The transaction is usually between you
and liquidation.com. Knowing this will generate a sense of comfort and
assurance that your large transaction purchases are not scams. Also
realize that Liquidation.com is owned by Liquidity Services, Inc., a
publically traded company on the NASDAQ stock exchange (LQDT).
Liquidation.com also has a dispute department for products that are not
received or damaged on delivery.
for number of products, Liquidation.com usually has over 2000 auctions
taking place per week. Both Fixed Price Auctions (similar to the eBay
"Buy it Now" auction) and Standard Auctions are present. The bidding
process is similar to bidding products on eBay, but a little bit
smarter: there is an "anti-bid sniping" mechanism (this means that
there is usually a 1 to 3 minute wait requirement between bids).
about cost? To browse and even sign up for Liquidation.com as a buyer
costs nothing. You only pay when you purchase auction items. The only
additional fees are a 5% buyer's premium (of the product
purchased...this is similar to a handling fee) and the shipping fees.
Note that you can also search Liquidation.com by the location of their
warehouses. If you live local to their warehouse, you may be given the
option for pick-up, which would result in no shipping fees.
that Liquidation.com is NOT a product sourcing solution. For most
eCommerce businesses, having a solid and reliable product supplier is
still necessary (and this is what a product like Worldwide Brands OneSourceis invaluable). Liquidation.com is a great place to find product
specials, free offers and limited-time auction products to supplement
your current product sourcing efforts and website marketing strategies.
Sign up for Liquidation.com (it's free) to
receive their weekly newsletters and product specials (plus, it
prepares you to bid for products when the right one becomes