Liquidation
Auctions Tips and Resources
Buy, Sell Online at
Business, Police, and Government Liquidation Auctions
Online liquidation auctions are great deals for
buyers and sellers. Buyers get an opportunity to buy cheap and in
bulk. Liquidation auctions allow businesses to sell inventory fast
versus selling inventory one item at a time. Tim Gilberg's article
below, How To Buy and Sell at Top Liquidation Web Sites,
provides great tips on liquidation auctions.
How To Buy and Sell at Top Liquidation Web
Sites
By Tim
Gilberg |
I became one of the top volume sellers at the
major business liquidation website in 2003, having sold over
$250,000 in auctions.
The positive aspects of selling on large business auction
portals are as follows:
1. Their members are looking for products to resell. Your website
audience is targeted correctly and you will receive many page views
of your listings.
2. It is a very effective way to sell large quantities of the
exact same product.
Example: If I had 100 DVD players,of the exact same make and
model, it would not make sense to list them all at the same time on
eBay. It would flood the market which lowers the pricing and
bids.
3. The sales price for each of the 100 DVD players sold in a
single lot on LCOM is almost identical of the single DVD player
being sold on eBay. (This allows you to move quantity shipments,
which in turn allows the purchase of more product).
4. Having an auction venue which allows a seller to move a large
load of inventory quickly to cover the cost of the purchase also
allows the seller to bid more aggressively from the wholesale
sources.
The negative aspects of selling on LCOM are:
1. If a dispute arises for any reason, payment is held at LCOM.
Dispute results are heavily leaned toward the buyer.
Example: I had an action clearly listing used items that were
scratched and dented, but fully usable. Even though the items were
sent back and found to be fully functional, I was charged fees and
lost time in the relisting.
2. If a buyer's dispute is upheld, the seller is charged shipping
both ways and LCOM will receive the full 15% commission. This can be
very expensive! Avoid disputes at all costs!
3. Fees are higher than eBay. The minimum listing fee is $250 or
15% of the auctions final bid.
4. There is no contact with the customer. This limits your
ability to build a relationship with them. Having to go through a
third party adds about 7 to 10 days for any completed auction. When
an eBay auction closes, you receive payment and the product is
shipped the same day.
LCOM uses a different approach to online auctions than eBay. eBay
allows the buyer and seller of the items to have complete contact
with each, either via email or phone.
LCOM's method is to act as the agent for both the buyer and the
seller.
They will forward questions to the seller from potential buyers
in which the seller responds in the question and answer section. On
the Liquidation.com website LCOM also accepts payment, arranges
shipping, and handles any disputes that might arise.
The auctions duration ranges from 3 to 10 days. LCOM does not
allow sniping. Bidding is extended every 3 minutes until no more
bids are placed in that time frame.
Tim Gilberg is able to provide information and insight from a
unique perspective - that of someone who is actually doing what
others just talk about. Ebay Power Seller Platinum Status was
Attained by Tim Gilberg, which is one of the highest sales levels
attained selling on eBay. Tim is active on Ebay and liquidation.com
as well as consulting and working with other Top ebay Power Seller's
to give you real life in use insight, not theories. Visit Tim
Gilberg at his website Make Money on eBay.
Article Source: http://EzineArticles.com/?expert=Tim_Gilberg
Liquidation Auctions Links: Buy Wholesale | Liquidators
| Dropshippers
| Industrial
Supplies | Auctions - Sell | Auctions
- Buy | Online
Store
Back To Top: Liquidation
Auctions | 
