A liquidation sale can be an exciting time to find some great deals on name-brand products. Buyers can get packaged options, product bundles, and overstock boxes within key categories during the sale. While the products are refurbished to original quality, they can also be resold for a healthy profit if the bid is competitive enough. That’s why businesses need to leverage these tips to ensure that they’re getting the best return on their investment.
Browse multiple liquidation sales
Businesses should peruse multiple liquidation sales, boxes, and categories to narrow down on a handful of good deals. This helps build an extensive portfolio of merchandise that can be used or resold across other platforms. Businesses benefit directly when opting for a liquidation sale, and when they browse through multiple listings across different events and platforms.
Browsing multiple liquidation sales also helps you get the best pricing estimates that work specifically for your business. This is important as there may be arbitrage opportunities opening up across platforms, and within certain categories.
If office stationery boxes offer higher margins, then there may be another opportunity opening up in the office décor merchandise space. It’s important to keep all options open when going through liquidated merchandise.
Use online websites and merchandisers
For a seller, a liquidation sale can be a challenging process to go through, especially while handling bankruptcy, delinquency or transfer of ownership. Sellers can use online platforms to minimize risk and increase demand for their products.
Buyers can get dynamic sales numbers at any time during key sales. Online liquidation merchandisers offer the most convenient way to bring the best deals to a wide range of bidders. Buyers have access to multiple categories, while setting alerts on certain products or seller merchandise.
That’s why online liquidation auction portals work incredibly well for buyers as well as sellers within the domain. Through the technological benefits of scale and connectivity, buyers and sellers can get the best bids while cutting out the middleman.
Quality is key in liquidation sales
When it comes to liquidation sales, inspecting the merchandise is critical. This is because there may be products within certain bundles or packages that aren’t original name-brands.
Quality is essential to analyze as well when it comes to liquidation sales. Navigating a liquidation sale, online or offline, relies on thorough research about the seller and the marketplace. The leading liquidation merchandisers offer graded systems to provide their seal of approval. Buyers can go through reviews, feedback and comments on these liquidation sales to get a better sense of the overall quality provided.
Marketplaces that also have a structured dispute resolution system, can be trusted over those that don’t. Buyers should send multiple emails to the customer support staff to gauge their responsiveness in handling queries and product related issues.
Check for warranties and guarantees
Many marketplaces offer extensive warranties on their liquidated merchandise, which makes the buying process that much easier. Whether that’s returned items or refurbished electronics, businesses need to have all the information about the products, including their original warranty coverage.
There may be specific guarantees offered by the marketplace as well, which makes it more convenient for buyers to make the right bid. Buyers can browse through product-specific and portal-specific guarantees to acquire quality products at the right price-point.
Warranties become increasingly important when procuring liquidated electronics, as they tend to be sold at a higher cost price than other categories. There may be challenges with booting-up, updating firmware, or loading the device OS, which may need to be handled directly by the marketplace.
Having these key doubts cleared away can help you make a more informed bid during the liquidation sale. Be sure to keep these factors in mind to ensure your liquidation purchase offers high returns.