Liquidation is the sale of overstocked and returned goods at a price that’s lower than other suppliers and retail stores for a profit. There are numerous online sites where you can get liquidation stock. However, buying liquidation stock does come with its risk since you don’t have lots of information about the condition of your goods. Therefore, if you aren’t cautious, you might end up having a truckload of stock that’s got zero or little resale value.
If you want to avoid a similar scenario, it’s important to get your liquidation stock from reliable online sites such as William George liquidations. Here are other online sites you should consider when looking for the best destinations for online liquidation stock.
1. Liquidation.com
This online auction site deals with the sale clearance either by box, pallet, or a truckload. The categories of goods Liquidation.com deals with include industrial equipment, computers, clothes, vehicles, houseware, and electronics. The goods sold can either be new, refurbished, used, or salvage.
The minimum bidding accepted when buying liquidation stock is $100. When looking for an item you want, you can use the advanced search or keyword search options. If you want to skip the auction process, you can click on the Buy Now option. However, before you can even place a bid on this online auction site, you’ll need to sign up. You’ll be required to pay via wire transfer if you don’t live in the US or are making payments exceeding $5000.
2. B-Stock Sourcing
This site comprises a network of online liquidation auction marketplaces which are run for big manufacturers and retailers including Whirlpool, Nordstrom Rack, The Home Depot, Amazon, Target, Walmart, among many others.
In their marketplace, you’ll find large quantities of products across different categories and in varying conditions being auctioned off by retailers. The best thing about B-stock is that they don’t poach or touch the stock; so you’re getting the inventory directly from the retailer through the retailer liquidation marketplace. This system allows you to create a direct relationship with the retailer, improving the experience for both parties involved.
You’re required to have a valid resale certificate before you can place a bid on any stock being sold by B-stock.
3. Direct Liquidation
Another online auction-based marketplace you should consider due to its quality services is Direct Liquidation. The products available on this website are cut across 100 different categories. This online marketplace stocks products from different manufacturers and retailers in North America, with the stocks available either end-of-life products, shelf-pulls, or overstock.
If you want to bid for products in the marketplace, you need create a free user account. After that, you can start searching for the item you want either by searching through the category, a keyword, or the product’s condition.
This platform uses a proxy bidding model, meaning you need to input the maximum bid first. The system will then submit the highest bid needed automatically, thereby placing you as the top bidder. If you don’t want to go through the auction process, other available options to choose from include Make an Offer Option or Buy Now Price.
All the auctions include downloadable document that states several aspects of the item including its description, quantity available, retail price, condition, UPCs, models, and model numbers. Shipping can either be handled by Direct Liquidation, but you have the option to organize the shipping on your own. Usually, you get a 90-day warranty from the date of picking up the item purchase. Direct Liquidation in rare instances does accept the return of items if the quantity isn’t as motioned or if the condition is different.
4. Source
When searching for liquidation auctions, you need to consider the Source. This site provides you with stock from some of the world’s biggest retailers. They also have inventory from closeout suppliers and local wholesalers, meaning you can find a broad range of items in their marketplace. In addition, they include returned or damaged goods as well as overstock listings.
Searching for a product on their marketplace is made easy with the five filter options which are;
- Like New/ Shelf-Pulls
- Brand New
- Customer Returns
- Used
- Mixed
Once you bid for merchandise, Source gives you 48 hours to complete your payment. If you don’t pay within the specified period of time, you’ll be fined $50, and this will rise to $100 if it happens for a second time. Delaying payment for the third time leads to a permanent ban from using their website. Therefore, you must go through their strict unpaid rules guidelines before using this platform.
Takeaway
If you’re searching for a site that has online liquidation stock, there are several options available to choose from to buy your inventory. However, it’s important to make sure your pick is reliable, and this is what the sites mentioned above guarantee. Therefore, choose any of these sites and be ensured to have a wide selection of products which are of superb quality.
