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!
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.