Article Copyright -MadeItMyself.com. Because of the overwhelming popularity of ebay, the field is not anything like it used to be.
I originally had bit of aDid you know that a downside to the liquidation industry is that there are also scam artists throughout who will send writees filled with returns or otherwise ‘non working’ items. If you do, when you do find a legit one -hang on to it and run because not many people have the courage to invest, you’ll be rolling in profits, just check out any online feedback available on them or check with the Better Business Bureau. Turn around and sell them to your customers at retail. Remember, you name it -it’s probably being liquidated somewhere. Keep reading! Many businesses try to save the company by turning excess assets into cash they can pay down debts, before they’ve gone as far as bankruptcy. Of course, this is called liquidating assets, and there’s an entire industry built on helping companies liquidate their assets -including vehicles, electronics, household goods and more. The way to make money as a reseller, is to buy up huge most of liquidated assets at about 30 to 40 percent under retail. It’s important to understand the various forms of inventory cutbacks businesses go through, before you get into this business.
Something to keep in mind when you search through these is that just because the auction is for something like a bakery doesn’t mean there won’t be anything useful there.
This is why it’s the best way to get awesome deals -you may be competing with bakery business owners or ol machine shop owners -so when electronics, computers or other items you’re interested in come along, you can bid low and often win.The experience is pretty cool so -it’s like being right there at the auction in person.
These auctions sell off everything the business used -and many times these are items that are not even related to the particular industry.
Here, I am attending a y auction going on in South Dakota.
Buying at antique auctions is a very ‘hitormiss’ activity, and building a business upon your auction purchases takes a great deal of knowledge and lots of luck.
I started getting curious about other ways that it might be possible to earn income from buying and selling items, after being involved in the antiques business for years. At that Business.com page, I found Discount Wholesalers, where you can buy pallets of surplus electronics at 35 discounts or more. Startup costs are high -but your potential profit is tremendous, especially in the area of surplus electronics.
Keep in mind we’re talking pallets and truckloads here.
Online, of course.
These businesses are used to dealing with brick and mortar stores that will buy a truckload of these surplus items at a time -so only take this option if you’re very serious about starting such a business. Essentially, go to the surplus inventory section of Business.com and you’ll find a long list of liquidation companies where you can buy pallets of goods. So here is the question. Where do you find these liquidations? LiveAuctioneers is the next one, and in my opinion it seems to feature more auction listings than most of the others I’ve seen.
There are a couple more sites that also offer live online auctions like this, and by using all of them you’ll increase your chances of finding the going out of business auctions that suit your needs.
Two tips if you decide to try this.
Call the auction house early and register to bid so you’re ready when the auction starts. Second, don’t take your time when bidding starts -bid fast! Considering the above said. Be a courteous online bidder and the auction house will love it when you virtually attend. Write when you sit there thinking, there are people sitting around waiting for you, it gets very annoying for the people who are actually there. You can find closeout auctions here as well, while this particular site is weighted a bit more ward antiques and collectibles.