Liquidation Buying Resources Feed

How to buy liquidation inventory from Walmart

It has almost exactly a year since I've posted here.  What a year it was.  I thought I'd get back in the game by writing a basic post for anyone new to this site. Many people ask:

'How can I buy liquidation inventory directly from Walmart?'

The answer is simple.  Walmart operates their own liquidation marketplace located at https://liquidations.walmart.com.  This is the only site from which Walmart sells excess inventory directly to small business buyers without involving a liquidator middleman.  That makes this the best place to buy since you have direct access to the inventory with no filtering, cherry-picking or other game-playing by a middleman.

In addition, this is an auction site where the bidding on everything starts at $100.  What that means is that you, the buyer, get to name your price, and if you are the high bidder, you win...period.  No negotiations, no bait and switch, just view the manifest in the listing, calculate what you believe you can sell it for, figure out what you can pay to make an adequate profit, and place your bid.  Then you can just sit back and wait for the auction to close to see if you have won at or below your maximum bid.  Yes, that's right, you might bid $3,000 but if the next highest bidder only bids $1,200 then you win it for $1,225! 

What I advise buyers to do is to download the manifest from any listings that look interesting to you and sort it by retail price from high to low.  You will probably find that a relatively small percentage of the items make up the vast majority of the value of the lot, so focus on those.  Next, spend some time looking up these items online to see what the CURRENT selling price is for each of the top items and fill those in an empty column in the manifest spreadsheet.  If there are multiple quantities of any items, multiply the current selling price by the quantity in the manifest to arrive at the total selling price for all units on each line.  Do this for as much of the manifest as possible to get the best estimate of your revenue once you've sold it all. 

Next, estimate your costs related to buying and selling the items.  A big one is likely to be shipping (which will be disclosed to you at the time you are bidding) but also third-party marketplace fees, if that's how you sell, credit card fees if you take payment that way, warehousing, receiving, packing materials, etc.  Once you have a good idea of the costs you can subtract that from the total proceeds you estimated.  If you paid this price, you would basically earn $0.  Clearly, that is not what you want.  So, next decide how much profit you would like to make for the effort involved in buying and selling this particular lot.  Subtract that.  Now you have your maximum bid amount.

But wait, that's not it.  Some people go to auction sites and bid $100, $150, $200, $250, $300.....until finally, they bid the actual amount they have calculated.  That can be extremely tedious and time-consuming.  Walmart's auction site allows you to simply enter your maximum bid amount.  You might be thinking 'why would I ever do that?  I want to get this at the lowest possible price'.  Well, relax, these marketplaces are fully automated and treat your high bid as confidential.  No one else sees that number.  The computer simply places the next bid for you IF someone else bids against you.  It will keep managing your bidding until it hits your maximum.  And again, it will only bid again if someone outbids you and the price is still below your maximum.

So it is all very simple.  The most important thing to remember is to do your homework!  Read listing information carefully and understand the various conditions that items may be in when you receive them.  When you are getting started don't buy 'salvage' product if you don't understand what 'salvage' means.  Now go make some money!


More appliances and consumer electronics liquidation

Almo Corporation of Pennsylvania has just launched their own private liquidation marketplace. They are the latest company to utilize the B-Stock Solutions platform. They are liquidating appliances, consumer electronics, small appliances, home comfort appliances and even professional A/V equipment. It is the usual great B-Stock interface and auction technology, so everyone familiar with there other marketplaces will immediately feel comfortable using it. Check it out here: https://Almo.bstocksolutions.com.


Danby liquidation appliance marketplace

The Canadian appliance manufacturer, Danby, has launched a B-Stock powered liquidation marketplace.  Danby is a nearly 70 year old, family owned business whose products you have likely seen even though you may not realize it.  Their wine fridges and small 2.5 cubic foot dorm-style fridges can often be found for sale in Costco.  The Company has a big line of products from these wine fridges to kegerators and air conditioners.

Now, they are liquidating returns and other excess inventory via a liquidation marketplace.


P&G's Duracell Division Liquidating Powermat products via auctions

Duracellpm logo

Check out Mobile products liquidation that B-Stock Solutions is running for Proctor & Gamble's Duracell Powermat division.

Available are large quantities of brand new, overstock Powermat and Powermat accessories.  There are small and large lots and all start at very low prices.  Probably some good buying opportunities here.

 Powermat1 Powermat case



Waste Management iPhone & Laptop Liquidation Marketplace

B-Stock Solutions has launched yet another marketplace.  This one is for Waste Management.  Yep, that's right, the garbage company.  But guess what...not all their inventory is garbage.  In fact, they run trade-in programs for consumers to sell back their old devices in addition to doing corporate technology refreshes.  This means when some big company wants to upgrade it's entire base of thousands of Dell laptops, Waste Management will take all of the old machines and figure out the best way to dispose of them.

Check out the site as there is a ton of great stuff.


Liquidation Gold Rush

If you are in the business of buying liquidation inventory, or have been considering getting into the business, get ready for the post-Christmas gold rush.

As the holidays pass and the buying spree of the American people comes to a close, everyone in the liquidation business begins to salivate over the coming tidal wave of returns.  Online purchasing is estimated at $42.75 billion for the holidays, while total consumer spending was projected to hit $738 billion.

A rough, 'back-of-the-envelope' calculation suggests returns of somewhere in the 10%-20% range, which translates into $73.8 - $147.6 billion at retail value. That is a huge amount of product that will have to be resold somehow.  While some will be sold directly to consumers, a huge amount of it will be sold in bulk to small resellers like us.

This will amount to billions of dollars worth of inventory. This is the currency of the post-holiday, liquidation gold rush.  So find what you are looking for and grab your share!


Inventory liquidation sample offers

Here is a new inventory liquidation blog that provides samples of how inventory liquidation has traditionally been handled. That is, the terribly inefficient process of brokers sending out inventory lists to their networks with prices all marked up from what they either paid or believe they will pay if they sell it to someone else first.

You will see offers for everything from iPhones to dollar store junk.

You might find this interesting if you are exploring this market for the first time.  These are the type of offers you should always avoid.  Without exception, these are deals that have made the rounds to thousands of others.  They are always coming from middlemen who have layered on a markup or two or three.