Liquidation Buying Tips Feed

Walmart smartphone trade-in program

The announcement of Wamart's new smartphone trade-in program is huge. This is a clear indication that competition is going to continue to heat up in this lucrative market. It is also going to have implications on secondary market pricing for both retail and B2B purchases.

Walmart's backend provider for the program is a company called CExchange.  They will be taking all inbound units and processing them for resale or recycling. CExchange sells phones in a couple of ways: one is directly to consumers via their eBay store and the other is to resellers, in bulk, via their private liquidation marketplace, under the name AllTechWholesale and powered by  B-Stock Solutions.

The proliferation of trade-in programs is certainly going to impact the market over time. I believe the increased awareness of these programs will serve to pull tens of thousands of additional units into the resale market every month that would otherwise have simply aged in consumers drawers and garages. This should prove a boon for consumers as prices will ultimately have to decline to clear the market.

The great thing about these programs, however, is that the price paid to consumers for their phones changes every day based on the retail market prices of the devices.  This virtually ensures it will be a money maker for the folks involved.

So, for all of you resellers (or would be resellers) now is a great time to get registered and approved in their liquidation marketplace so you can jump on these lots when they start flowing. And, don't forget, B-Stock also already runs a similar marketplace for GameStop, so you should check that one out too.


Walmart liquidation TVs and other consumer electronics are back

After a brief pause, it appears that Walmart is again liquidating TV's, Home Entertainment and other consumer electronics on https://liquidations.walmart.com.

They are now requiring any interested buyer to sign up with an R2 or eSteward certified e-waste provider to ensure proper handling of the scrap.  You will find a simple agreement right on the site.  It can be signed in under one minute and you can be on your way to bidding.

New lots have ranged from full truckloads down to a few pallets.


Want to buy liquidation electronics? Get environmentally compliant first.

One of the most attractive corners of the liquidation market for buyers can be consumer electronics. Although it can be extremely competitive, the higher average price point versus other product verticals, like apparel, mean there is the potential to make more absolute profit per transaction.  For example, if you can squeeze out 5% profit on a $500 item (or $25), it is considerably more than making a 50% profit on a $10 item ($5).  If the time required to sell, pick, pack and ship doesn't change, you'd be better off making $25 for that effort vs. $5.

Other factors that make consumer electronics a compelling secondary market category include the depth of demand for these products worldwide and the limited sku breadth.  Clearly, the demand for certain products is off the charts.  For example, if you can get your hands on resellable tablets, you will have no problem selling them very quickly.  And, while there are different brands, models and configurations, it isn't like apparel where you might have 6 colors and 10 sizes and 4 widths for each model shoe. This promotes capital efficiency in terms of the required inventory you have to hold. 

So, what is the downside in the consumer electronics liquidation market? Primarily it revolves around environmental compliance. There is considerable concern among reputable retailers about where their returned e-waste winds up. No longer is this considered OK:

Roadside-e-waste-dump-in-lagos-nigeria-basel-action-network-sml

It is becoming more and more important to be able to demonstrate that you will responsibly dispose of any e-waste you acquire when buying liquidation inventory.  It is inevitable that you will wind up with some units that are either irreparable or cannot be economically refurbished.  You can't simply throw this e-waste in the dumpster out back.

In order to get approved to purchase these products from some retailers, it is becoming more important that you be able to demonstrate that you have a relationship with a certified e-waste recyler.  There are two primary certifications for these companies:  R2 and e-Steward.  Both are considered top notch certifications and suit the needs of most retailers and manufacturers.

By entering into an agreement with any one of the hundreds of companies certified by these two groups, you will put yourself in the upper echelon of liquidation buyers in terms of compliance and this will make you a more attractive buyer to those large companies worried about their inventory winding up in that roadside dump in Nigeria. 

 


Truckloads of salvage inventory

For some unique buyers, 'salvage' goods are just what they are looking for.  This is definitely not an area for the novice to play with.  To most people, salvage inventory is garbage.  For example, it can include left over parts after a lot of laptops is stripped of anything remotely valuable.  Usually, it is junk.

In some cases, however, there is gold to be mined from those lots of apparent garbage.  Sometimes, the products in a salvage lot are worth more to  a recyler or a scrap yard than to a potential reseller.

To those buyers who know how to recoup value out of salvage lots, these lots are a goldmine.  The great thing for them is that they sell at huge discounts off of retail value.  When you are able to buy low and sell 'not-so-low', you can build a business.

If you are interested in salvage truckloads, check out both BStockSupply.com and Essexb2b.com for frequent (and relatively high quality) truckloads of returns.  Just be careful and don't start bidding/buying until you have some experience with this type of merchandise.


Home Depot liquidation of dryer vents - in huge quantity

This is an interesting liquidation lot available now from The Home Depot's Liquidation site. Starting bid on this lot is only $5,000.  That is only 1.3% of the original retail value!

280 Pallets of Dryer Vents, Almost all new in packaging! 58,850 Units, Original Retail $386,696, Plainfield, IN

Homedepot dryer vents

 

 


10,000+ iPhones available right now!

Wow!  GameStop is moving an incredible number of iPhones.  They currently have millions of dollars worth of iPhone inventory listed in their liquidation marketplace.

These are iPhones traded-in to them in their stores by customers seeking store credit.

Be sure to read the manifests/descriptions carefully to understand the condition of each iPhone lot.  If you are looking for secondary market iPhones you have to check this out.


Philips Saeco Liquidation Inventory

There are some really nice, refurbished Saeco Espresso machines being liquidated by Philips on B-Stock Supply right now.  The current lot closes on July 19th, but they have been listing lots for a while.

These are fantastic high end machines that sell for hundreds of dollars at retail. Opening bid on 25 units is $100!

Here are some specifics on the machines currently listed:

Features & Functionality of the Refurbished Saeco Vienna Plus

  • Removable brew group and water tank
  • Adjustable dosage (6-9 grams) and water volume settings
  • Instant hot water for tea 
  • Panarello wand for quick and easy milk steaming
  • Built-in conical burr grinder and bean hopper 
  • Pre-infusion system for perfectly extracted espresso shots

 

Product Specifications:

  • Manufacturer: Saeco
  • Dimensions (W x D x H inches): 13.9 in x 12.25 x 15
  • Watts: 1250W
  • Volts: 120V
  • Case Material: Plastic
  • Water Reservoir Size: 57 oz.
  • Bean Hopper Capacity: 12 oz.
  • Boiler Material: Stainless Steel

 


Boost Your Business Through Liquidation Sourcing

Often, retailers will advertise a “special shipment sale” which may consist of merchandise not ordinarily sold in their store, or a surplus of items normally kept in stock but offered at a discount for a limited period of time. It may also consist of special seasonal items not in current demand. Chances are this was liquidation merchandise purchased in bulk from a liquidator at a significantly reduced cost. As a retailer, your business may benefit greatly by purchasing from a liquidation company or other retailer in liquidating excess or distressed inventory. While there are many liquidators out there, finding one you can trust can be challenging. A bit of homework on your part will pay off in finding reputable companies with which to conduct business. You can check the Better Business Bureau’s website (bbb.org) to see which ones are in good standing and those with complaints filed against them. Use the search engines to your advantage, such as Google, Bing, and others to locate the specific type of liquidator to suit your needs. However, the best thing to do is to bypass liquidators and buy directly from the retailer or manufacturer at the source. This has been a difficult thing to do in the past but is getting much easier with the spread of new auction systems being used by folks like Home Depot, Walmart, hh gregg, GameStop, and many others. One great resource for locating such auction sites is B-Stock Solutions. Join the B-Stock Sourcing Network and you can get free access to the largest network of such sites anywhere. The savings realized when purchasing liquidation merchandise directly from the source vs. through liquidators can be a significant boon. Whether your business is big or small, an online store or a brick/mortar, liquidation merchandise facilitates business promotion, generates a greater profit margin, and is a smart tactic to undercut the competition. Advertising liquidation merchandise attracts more traffic to your store, and the money customers save purchasing quality, lower priced liquidated items helps build a loyal customer base and keeps them returning to your company many times over .


Home Depot Liquidation Auctions

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Liquidation auctions of Home Improvement Inventory

The Home Depot is the latest major retailer to sign on with B-Stock Solutions to power their own, branded, private liquidation auction marketplace.  

The auction-based marketplace will offer full truckload and half truckload lots, with many lots starting at $100. Products will fall into the following categories:
  • Appliances
  • Blinds
  • Doors & Windows
  • Flooring
  • Flourescent
  • General Merchandise
  • Hardware
  • Lighting & electrical
  • Major Appliances
  • Miscellaneous & Seasonal
  • Plumbing
  • Rugs
  • Tubs & Toilets
  • Water Heaters

This marketplace is going to be amazing for eBay, Amazon and other online sellers as well as flea market vendors and small bargain outlet retailers.  Even dollar stores may benefit from the inventory sold here. You absolutely must check out this one folks. This is going to be a goldmine for resellers.

Register now to get approved!


Using Retail Liquidations to Beef Up Your eBay Inventory

There is something addicting about selling on eBay. Maybe you started out by selling a couple things around the house. Then as you experienced the thrill of seeing those bids come in at prices higher than you expected, maybe you began actively hunting for things to sell.  Maybe you have even considered scaling it into a part or full time business. If that is the case, there's a better way to increase your inventory on eBay for very low cost giving you the chance to really make a profit with your new found endeavor. 

Have you ever wondered what stores like Walmart and Sam's Club do with overstock and returned inventory? Sure, some goes to clearance, some goes back to vendors, but a ton of it gets liquidated in bulk lots to small buyers. This inventory gets auctioned off in bulk lots for pennies on the dollar. If you do the appropriate paperwork to allow buying wholesale without paying sales tax (ie. getting a resale certificate), you can buy it, split it up, and then sell it all in your online store. It's your chance to offer these products for less than your competitors but at a price still high enough to net you a profit. All you need is some storage space and the time. 

There is a great deal of benefit to buying this way, besides the low price. You get the peace of mind in knowing the items you're buying are legitimate and that you will get what you are promised. You're also leveraging the buying power of these retail giants since the prices they're slashing for you were already lower than smaller retailers. Even the condition of what you receive is better due to the shipping expertise these large companies have in dealing with bulk merchandise. 

Are you interested in increasing your inventory through retail liquidations? Try out the B-Stock Sourcing Network. By registering for the liquidation auction marketplaces that match your personal preferences, you'll receive email alerts when a new auction starts letting you know it's time to bid. There is no cost to join the network. You can find the network and additional information at the B-Stock Sourcing Network website.