The popularity of eBay
has spawned many different industries, and liquidators have drawn inspiration from that model as well. You’ll find that liquidation auctions allow you to bid and get the best deal possible on lots of all sizes, from a handful of cartons to entire pallets. The process is simple – you register with the site, provide your payment details, and then start bidding. Each individual auction provides you with the necessary details, including the type of merchandise in the lot, the number of pieces and the size of the lot, the MSRP for the lot, the remaining time on the auction, and the highest current bid.
This information allows you to do several things. First, it allows you to sort your options and find exactly what you want, in the quantity you need, very quickly. Second, it allows you to see how much the street value of the merchandise is, and then compare that with the highest bid. You’ll also want to compare that with your budget. If the situation is right, you bid on the lot. If you win, you ship (or have the liquidation company ship) the merchandise to your desired location. It’s that simple.
As you can see, liquidation is a breath of fresh air in an industry that is long overdue for change.