Tags |
|
|
Links |
|
|
Will You Add? - Checklist For Bidding On And Buying A Liquidation Pallet
With networking, you don’t always have to help people in a significant way (like finding them a job or helping them make a sale). In reality, people also appreciate little acts of kindness (like making them feel good about themselves, opening doors and paying for meals).While these details may seem trivial to you, they are important factors on how people perceive you and your networking style. Pay attention to how you interact with others because you want to make a good impression. Over time, these acts of good behavior will be second nature to you (unless they already are).Make People Feel Good About ThemselvesWhen talking wit
eBay is the tool for finding what the product will sell for right now! It gives you real time market information on the lowest price buyers will pay for an item. This is invaluable!
It is always better to lose a bid at your maximum price than to set your bid too high. I have had many instances where I had not won a Bid for weeks, but then the Bid I did win almost doubled my investment.
My tested formula is very simple. I research each item on the Manifest quickly on eBay, searching only Completed Auctions. The data on auctions that are still running is of no value in determining the lo
You and your staff and board colleagues spend a lot of time planning and fine-tuning your nonprofit’s marketing plan. But once the plan is approved, the pressure is on you -- the nonprofit marketer -- to carry it out successfully.How can you ensure that board and staff members will continue to support the plan? And how do you guarantee that colleagues will agree with your actions going forward and be pleased with results? At times like these, nerves can run as high as expectations.Over the years, in my work on staff and as a consultant, I've found that nothing works as well as clear, frequent communication in a situation like this. Mak
The bidding on liquidation product is very different than online auctions. The first step is to get a list of product to bid on from liquidation or close out sources. You bid on liquidation items by placing what is called a "Blind Bid" from this product list. This simply means that you bid the price you are willing to pay for a set list of product.
No other bidders can see your bid or vice versa. You are notified via email if you won the items you bid on, usually within 48 hours. It is very important that you do your research thoroughly prior to placing any bid!
Payment
The two accepted methods of payment from the liquidation sources are Cashier's Checks or Wire Transfer directly to their bank.
Buying Liquidation
Once you obtain the contact information and are placed on the Approved Buyer list from a liquidation company, you will receive an email stating, "Lots for Bid" or "Manifest Bid List".
These bid lists come with basic listing information, such as quantity and a very general description of the product. Depending on the company, the Bid Lists are broken up into three separate categories: "Sent Good", "Sent Bad" and "Untested". All the companies terms and conditions clearly state "As Is, Where Is, With No Guarantees Or Claims, Etc to Working Condition"!
"Sent Good” This product group will have a higher percentage of functional product. The negative aspect is that there will be more bidders and this drives the price higher. I personally have had occasions in which I won the bid on a "Sent Good" lot, and actually received less functional product than a lot I purchased that was labeled "Sent Bad".
"Sent Bad” In my experience, these lots have been the most profitable. There is more risk involved. Suppliers often include discontinued items in this category, items no longer in production. Some of these items are brand new! There is a large demand for "out of production" parts on the auction sites such as Ebay, Yahoo, etc. A lot of this product may have been tested by a technician or returned by a customer.
"Sent Untested” There is a good potential for this product as well. It is more of a gamble, but I have found that the product sent in untested lots were items usually used internally in a company. One big advantage is that your competitors will not bid as aggressively!
You will notice that there is a lot number assigned to each group of product. When you place your bid it is never for a single line item, but for all of the products listed under the Lot number. As you can see, it lists only very general information.
Shipping
When buying large quantities, or a "Lot" of product, you will find shipping is quite different from other auctions as well. Due to the weight and size of a larger purchase, it will not be sent via normal common carriers such as UPS, FED EX, and USPS.
You will arrange the shipment via a trucking line. Important! Shipping is very competitive, be sure to get at least three bids prior to shipping. Moving two to three pallets across the country can cost around $350. Delivery on average is five-seven days maximum. This is also affected by the distance, and the shipper you choose.
Some Important Tips
When I first started buying Liquidation, I would use the Google Search Engine to check prices on the products listed in the Manifest. In those cases I was barely able to break even on the pallets I successfully bid on, because the information on Google can be compared to a "Wish List".
eBay is the tool for finding what the product will sell for right now! It gives you real time market information on the lowest price buyers will pay for an item. This is invaluable!
It is always better to lose a bid at your maximum price than to set your bid too high. I have had many instances where I had not won a Bid for weeks, but then the Bid I did win almost doubled my investment.
My tested formula is very simple. I research each item on the Manifest quickly on eBay, searching only Completed Auctions. The data on auctions that are still running is of no value in determining the low
A solution can be almost everything. An answer to a problem. The outcome of a complex equation. In business however, you can solve issues by finding solutions in areas like: • Human resources • Systems • Infrastructure.In any of those areas you should ask three questions regarding the best (type) of solution:Are we the first? Is our company really different? What is our focus?Here are some examples: An issue in the human resource area could be the remuneration policy, which is found to be unsatisfied (this is the case when market conditions are good). Solving this problem for a group of employees or for
Buying Liquidation
Once you obtain the contact information and are placed on the Approved Buyer list from a liquidation company, you will receive an email stating, "Lots for Bid" or "Manifest Bid List".
These bid lists come with basic listing information, such as quantity and a very general description of the product. Depending on the company, the Bid Lists are broken up into three separate categories: "Sent Good", "Sent Bad" and "Untested". All the companies terms and conditions clearly state "As Is, Where Is, With No Guarantees Or Claims, Etc to Working Condition"!
"Sent Good” This product group will have a higher percentage of functional product. The negative aspect is that there will be more bidders and this drives the price higher. I personally have had occasions in which I won the bid on a "Sent Good" lot, and actually received less functional product than a lot I purchased that was labeled "Sent Bad".
"Sent Bad” In my experience, these lots have been the most profitable. There is more risk involved. Suppliers often include discontinued items in this category, items no longer in production. Some of these items are brand new! There is a large demand for "out of production" parts on the auction sites such as Ebay, Yahoo, etc. A lot of this product may have been tested by a technician or returned by a customer.
"Sent Untested” There is a good potential for this product as well. It is more of a gamble, but I have found that the product sent in untested lots were items usually used internally in a company. One big advantage is that your competitors will not bid as aggressively!
You will notice that there is a lot number assigned to each group of product. When you place your bid it is never for a single line item, but for all of the products listed under the Lot number. As you can see, it lists only very general information.
Shipping
When buying large quantities, or a "Lot" of product, you will find shipping is quite different from other auctions as well. Due to the weight and size of a larger purchase, it will not be sent via normal common carriers such as UPS, FED EX, and USPS.
You will arrange the shipment via a trucking line. Important! Shipping is very competitive, be sure to get at least three bids prior to shipping. Moving two to three pallets across the country can cost around $350. Delivery on average is five-seven days maximum. This is also affected by the distance, and the shipper you choose.
Some Important Tips
When I first started buying Liquidation, I would use the Google Search Engine to check prices on the products listed in the Manifest. In those cases I was barely able to break even on the pallets I successfully bid on, because the information on Google can be compared to a "Wish List".
eBay is the tool for finding what the product will sell for right now! It gives you real time market information on the lowest price buyers will pay for an item. This is invaluable!
It is always better to lose a bid at your maximum price than to set your bid too high. I have had many instances where I had not won a Bid for weeks, but then the Bid I did win almost doubled my investment.
My tested formula is very simple. I research each item on the Manifest quickly on eBay, searching only Completed Auctions. The data on auctions that are still running is of no value in determining the lo
SBIR vs. STTR: If you are participating in the SBIR program you may also want to consider participating in the Small Business Technology Transfer (STTR) Program. The STTR program is considered SBIR’s twin sister, although there are some added hoops one must jump through in order to participate. Like SBIR, the STTR is the US Government’s way of providing “seed” money to spawn technology growth. The key difference however is in the structure of the effort, whereas a small business must partner (via a subcontract) to a university or non-profit research institution in order to acquire STTR funding.In addition, under the SBIR Program, the Principal Inve
"Sent Bad” In my experience, these lots have been the most profitable. There is more risk involved. Suppliers often include discontinued items in this category, items no longer in production. Some of these items are brand new! There is a large demand for "out of production" parts on the auction sites such as Ebay, Yahoo, etc. A lot of this product may have been tested by a technician or returned by a customer.
"Sent Untested” There is a good potential for this product as well. It is more of a gamble, but I have found that the product sent in untested lots were items usually used internally in a company. One big advantage is that your competitors will not bid as aggressively!
You will notice that there is a lot number assigned to each group of product. When you place your bid it is never for a single line item, but for all of the products listed under the Lot number. As you can see, it lists only very general information.
Shipping
When buying large quantities, or a "Lot" of product, you will find shipping is quite different from other auctions as well. Due to the weight and size of a larger purchase, it will not be sent via normal common carriers such as UPS, FED EX, and USPS.
You will arrange the shipment via a trucking line. Important! Shipping is very competitive, be sure to get at least three bids prior to shipping. Moving two to three pallets across the country can cost around $350. Delivery on average is five-seven days maximum. This is also affected by the distance, and the shipper you choose.
Some Important Tips
When I first started buying Liquidation, I would use the Google Search Engine to check prices on the products listed in the Manifest. In those cases I was barely able to break even on the pallets I successfully bid on, because the information on Google can be compared to a "Wish List".
eBay is the tool for finding what the product will sell for right now! It gives you real time market information on the lowest price buyers will pay for an item. This is invaluable!
It is always better to lose a bid at your maximum price than to set your bid too high. I have had many instances where I had not won a Bid for weeks, but then the Bid I did win almost doubled my investment.
My tested formula is very simple. I research each item on the Manifest quickly on eBay, searching only Completed Auctions. The data on auctions that are still running is of no value in determining the lo
The call-center is theoretically the place with a lot of phones and people sitting next to each other talking at the same time. But does this is a call-center you should dream about? I'd prefer if my phone would ring just few times a day with a very particular questions, focused on my business or better sales-oriented question.There is a lot you can do to cut your call-center expenses. But the first step is to measure them and measure the performance of your call-center. It's a good idea to start with running costs. How much does it cost to run a single seat? What if you will be outsourcing some questions to a more cheaper operator. More over, ther
Shipping
When buying large quantities, or a "Lot" of product, you will find shipping is quite different from other auctions as well. Due to the weight and size of a larger purchase, it will not be sent via normal common carriers such as UPS, FED EX, and USPS.
You will arrange the shipment via a trucking line. Important! Shipping is very competitive, be sure to get at least three bids prior to shipping. Moving two to three pallets across the country can cost around $350. Delivery on average is five-seven days maximum. This is also affected by the distance, and the shipper you choose.
Some Important Tips
When I first started buying Liquidation, I would use the Google Search Engine to check prices on the products listed in the Manifest. In those cases I was barely able to break even on the pallets I successfully bid on, because the information on Google can be compared to a "Wish List".
eBay is the tool for finding what the product will sell for right now! It gives you real time market information on the lowest price buyers will pay for an item. This is invaluable!
It is always better to lose a bid at your maximum price than to set your bid too high. I have had many instances where I had not won a Bid for weeks, but then the Bid I did win almost doubled my investment.
My tested formula is very simple. I research each item on the Manifest quickly on eBay, searching only Completed Auctions. The data on auctions that are still running is of no value in determining the lo
You have your corporate ID package, a website and are doing search engine advertising using ReachLocal.com. You have an excellent PR program in place that includes an nTarget.com-based email newsletter, guest speaking and media relations. And, you are working feverishly to retain the customers you have. You are, right?Then, it is time to ramp up the marketing noise with advertising. From Professor Hoover's Advertising 101 file, here are a few things you need to ask before you launch that ad campaign.What can I tell prospects that would interest them? Consumers don't care that you are the largest or the best. That's budget-wasting chest-thum
eBay is the tool for finding what the product will sell for right now! It gives you real time market information on the lowest price buyers will pay for an item. This is invaluable!
It is always better to lose a bid at your maximum price than to set your bid too high. I have had many instances where I had not won a Bid for weeks, but then the Bid I did win almost doubled my investment.
My tested formula is very simple. I research each item on the Manifest quickly on eBay, searching only Completed Auctions. The data on auctions that are still running is of no value in determining the low market price for an item.
I then take the lowest completed winning bid on the eBay item. I then do the same procedure for all the items on the list and put my maximum price on that item at 45% of the lowest eBay sold price for any lot labeled "Good". I use 20% of the lowest eBay value on any lot labeled "Bad", and 25% of the lowest value of any lot labeled "Untested".
Add up all of the prices for the items, and then place one bid for each lot. In a "worst case scenario" you break even on your investment - "best case" scenario, you double or triple your investment.
There may be cases where you are unable to find any sales data on eBay. You should then search the web. When you locate the item, put your maximum value to be 10% of the price listed on the web. When you bid correctly, there is the potential to double your bid on every lot.
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.atriclecheck.com/article/56557/atriclecheck-Checklist-For-Bidding-On-And-Buying-A-Liquidation-Pallet.html">Checklist For Bidding On And Buying A Liquidation Pallet</a>
BB link (for phorums):
[url=http://www.atriclecheck.com/article/56557/atriclecheck-Checklist-For-Bidding-On-And-Buying-A-Liquidation-Pallet.html]Checklist For Bidding On And Buying A Liquidation Pallet[/url]
Related Articles:
How to Write a Guerrilla Marketing Plan
What Can Influence Success Online?
4 Types of Site You Can Build For Extreme Adsense and Affiliate Profits
Bookmark it:
|