Is Liquidations.com 100% ligitimate?

Full Member
jrobinauctions
Posts: 5
Joined: 08 May 09
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12 May 09 06:54:13 am
I've been scoping the website out for a while now and have been amazed at some of the huge bulk items have been selling for, including clothing products that have been known to be fake if they were shipped from Asia, has anyone had any problems whatsoever with their products, bought from liquidations.com, being fake?

Site Admin
fudjj
Posts: 5911
Joined: 27 Jul 07
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12 May 09 07:33:23 am
The site itself is legit, however it is an auction platform where individual sellers distribute their own products, so you really do have to research the seller you are considering doing business with to be safe.

I'n not personally aware of what is currently being sold through there, however not much would surprise me about liquidation.com these days.

Having said that, what makes you think that the clothing lots you are looking at have been imported from Asia?


Mark (fudjj)

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SaleHoo.com

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Full Member
jrobinauctions
Posts: 5
Joined: 08 May 09
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12 May 09 04:47:16 pm
I can't put a finger what I think's fake about it, it's just so many of the auctions feel too good to be true. Like this lingerie auction out of New York, 665 pieces for $220 plus acouple fees and shipping.

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Out of New Jersey, five returned PS3s and a Wii.... $1250 with 4 hours left to go in the auction.

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Out of California, 25 Geneva women's watches for $100....
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All of theses sellers have sold dozens and dozens of product on the website, which leads me to believe it's the real deal, but what my dad told me as a kid is still ringing true in my head 'If it's too good to be true, it usually is.' But I'm for an opportunity at the same time., and I think this is a supplier that can give me that, (yeah, emotion isn't a good trait to go and make business decisions with). I would just like another story from someone's experience with the site who ordered a bulk item from liquidations.com.

Also, Fudjj, thank you for your responses on this and my other two topics, your educated input has greatly helped me out and it is much appreciated.

Site Admin
fudjj
Posts: 5911
Joined: 27 Jul 07
Karma: 
12 May 09 10:12:10 pm
No problems with the help J, that's why I'm here.

You will hear plenty of horror stories from unhappy bidders of this site, and you will hear plenty of people who use it well to make money.

Unfortunately there is no easy cut and dry answer, it really does come down to the particular seller, and the particular auction you are interested in bidding on.

Most of this stock that ends up here is from bulk liquidation purchases. What happens in a lot of cases is people will buy in a large volume of liquidated stock, everything from a few cartons for small items, right through to a truckload or even several for the biggest players in the game.

These sized loads get them volume discounts on the stock. The then break those loads down into smaller lots, often cherry picking the very best from the load and putting it aside to sell on a site such as ebay or an alternative to start generating cashflow.

What is left is sold off in this auction format to appeal to those sellers looking for a cheap way into the market, those without the big buying budget.

Is it a good thing?

Yes it can be. If you are dealing with a good seller and the information they have provided on their lot is accurate and to your liking, then depending how the auction goes will depend on whether or not you will get a good a solid deal.

Big trick is to know the real liquidation value of the items.

The biggest mistake most will make on that site is not understanding that they are buying liquidated stock in a lot of cases, and therefore not having a clue as to its real value, they bid up to where they think there is still margin in the lot.

Depending on the final price, you may well find that a particular lot sells for less than what you could buy it for direct from a liquidator themselves, but a lot of the times it sells for more and in the best cased scenario there still may be some margin in it for the seller.

The other thing you have to watch out with liquidation.com is the shipping. They provide the most EXPENSIVE shipping I have ever seen, seriously, their prices can be extreme!

In summary;

1. Research the seller
2. Research the products they sell at liquidation value
3. Keep your eye on the external costs, shipping, buyers premium

If you find that all checks out, and you can't source the same products direct through a liquidation seller for less than the total auction price, then you have ticked about as many boxes as you can tick before you pull the trigger.

All that's left for you at that point is that feeling in your gut, and trust me, that feeling has saved me a lot over the years so never ignore it.

What it has done for you now is driven you to ask questions, to double check and that's just good business practice 101

Just PM me if you need some help researching some liquidated stock prices, I'll be happy to see what I can do, and then you will at least have something to gauge the lot values.

Cheers


Mark (fudjj)

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SaleHoo.com

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