Liquidation.com review

Hi.
I'm a little hesitant to take the plunge (I don't have a ton of money to play with) but I'm going to open an eBay store. I keep looking at Liquidation.com and they seem pretty terrific to me. I would only purchase 'new' items and in some cases 'shelf pulls'. It seems that I can get my hands on some items at a price that will allow me to make a profit on eBay. I'm just wondering what you folks think of them.

Thanks
Jim

Legit site, and you will find plenty of members here that do use them.

One word of warning, research your lot carefully because you can get burnt if you are not aware of what you are actually bidding on.

Check out other forums, you will find more feedback on them from happy, and unhappy members, should help you to make an informed decision.

Actually the seller was able to fix this problem and did give me back another pallet and all is fine now.

Reggie, if you bought through liquidation.com, you should contact them and file a complaint. Be sure to take photos of what you've received and any correspondence that you have with the seller. Also, I would contact the shipping company and tell them that all of the item that were shipped to you were not delivered.

If the seller was telling you that items were taken out of the pallet that he shipped, then he is admitting that he did not deliver what you were suppose to get. Inform liquidation.com of this conversation and file to get your money back. By law, the seller is respondsible for delivering what you paid for. Also, go and file a fraud complaint against him.

I have bid on the site and have not won any. It will be hard to get any real bargains unless other bidders are sleeping. Just watch the quantity when you bid. Someone won a generator for more than they could have bought it at a big box store, normally the generators are 3 to a lot, but this time it was only 1 generator, oops!

I have won many auction at liquidation.com and have become very careful with this auction site. Don't buy anything that says 'Returned', 'USED', or 'SALVAGE' because that's exactly what you'll get - junk! If you want to buy junk.

John (bacpro)

I have found that it is almost becoming a retail site. The bids are going way too high. Maybe retail stores are buying from them. Or people are stupid.

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 liquidation.com, being fake?

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?

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.

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

Had a bad and expensive experience.

Won two pallets (I researched them first) of almost new/new returns - Complete waste! One shipment all just thrown haphazardly in one box with broken items over 20%. Gave most of the stuff to goodwill, and none of it I could sell on Amazon. The few I sent to eBay as almost new, were returned. The bid was cheap, the products are in horrible shape and shipping was expensive. I don't know how Mark can give them 4 stars.

Hi Michael,

Your experience is similar to many others. While we don't discuss that site in this thread in detail, there are plenty of other threads where I and other members have spoken about them in more detail.

In regards to Mark giving them 4 stars, if you are referring to me then I really have no clue what 4 stars you are talking about. At no time have I ever recommended this site, let alone provided any sort of star rating, which I just simply do not do.

For those unsure what Liquidation.com is, it's not a surplus (liquidation) supplier that liquidates stock and sells direct to the public like a traditional surplus supplier. They provide an avenue for private and business sellers to sell off their own lots by way of auctions. The way the company then makes it money is through a commission on sales and shipping margins.

If anyone wants to deal in surplus, this would be the LAST place I would ever recommend because what you end up with is many people using it as a dumping ground. It's just the same as bidding on an eBay auction of the same goods. People buy surplus lots from real liquidators, cherry pick the loads of anything they can make money on, sell that off and then use a site like an eBay or Liquidation.com to sell off the trash that is left through auction.

Now I'm not saying everything on liquidation.com is rubbish, but just as eBay, you are most certainly running that risk when bidding on unseen lots like this.

If anyone wants to deal in liquidated stock, the best advice I can give is to speak to an actual liquidator. Someone that has purchased the goods themselves and are selling public direct, not some auction house or auction platform.

We have enough verified suppliers in our directory for members to use if they are unsure of who they can trust. That said, you still need to be aware of what you are buying when dealing in this market. There are plenty of pitfalls for those that refuse to do their research, so beware.