Liquidation.com Sellers

Full Member
tifsnmigs
Posts: 18
Joined: 07 Dec 10
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3 Feb 11 03:57:27 pm
Hi All,

Has anyone here tried buying from any of the following sellers from Liquidation.com below? I am planning to purchase from any of them but would like to get some feedback in terms of their service, quality and the authenticity of their designer clothes.

CKBargainsNC
Wholesalegoods
BestofBrands
Dealz4less

Would greatly appreciate your feedback. Thanks a lot!




Site Admin
irene_salehoo
Posts: 2578
Joined: 21 Mar 10
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4 Feb 11 12:30:28 am
Hi TifsnMigs,

There have been SaleHoo members who have purchased from Liquidation.com. If you search throughout the forum, reviews are mixed.

Some gave tips on how you can make the most from them.

I copy paste a post by theplace2shop -

stay away from electronics esp ipods and game systems. stay away from returns and salvage cause they prob wont work but they are selling under the terms and in their right as they are sold as is...read the fine print...actually its in bold...but people don't seem to notice still. if its new its probably ok.

clothing is generally good but people bid up to ridiculous prices. i sell all my dead inventory on their and still make a profit even after liq. $200 commission cut.

best bet is a truckload from them if its right condition but beware of shipping -- also they won't ship residental, charge liftgates. They overcharge shipping by doubl eon most everything. Most of my customers ive ship too have been charged around $50 ship on my items thru liquidation (seller doesnt control shipping charges) when it should have run $25 tops.

Swimwear is also fine to buy on there. There are good deals on houseware pallets but then again watch out for shipping quotes. You could make 4x your profit on some items but add in the ship and watch out. They are selling off new tvs there...great deals but check out the shipping $150 $200!


and from bigwills7802

Hi All,
Ive had some good and bad deals with Liquidation.com. If you really want to buy on that site, you have to make sure you buy items NEW. Stay away from items marked RETURNS. As in the small print of that site, they state they cannot guarantee that these items work. I bought a whole box full of electronic goods from a RETURNS auction, and got them sent to Australia. The whole process took 3 weeks, and when they arrived, not one of the items worked. They were all returned to liquidation because they were faulty. Wont be doing that again. But on the other hand, i bought some other items NEW, again they took just over 3 weeks to arrive, and were perfect, sold them at a small profit. Not sure it was worth the 3 week wait though. The shipping on both auctions was $300 so that does eat into the old profit margin a tad, but at least i didnt loose any money.
Mark
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Hope this helps. :)


Irene
Full Member
tifsnmigs
Posts: 18
Joined: 07 Dec 10
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4 Feb 11 03:40:25 am
Hi Irene,
Thanks for your reply.
Before I post the question, I actually searched the forum and found out that there’s mixed feedback on Liquidation.com. Majority says it’s not Liquidation.com but be wary of the individual seller as some of these sellers buy from big liquidations, cherry pick nice stuffs then put on this auction site the bad ones and their dead inventory. So I’m being cautious by checking the specific sellers I am planning to make my first transaction.
In all past postings, I never come across a specific seller mentioned so here I am trying my luck if someone out there is kind enough to share their experience with any of the specific sellers I listed.
Appreciate any feedback I could get. Thanks!

Full Member
bobby1
Posts: 1
Joined: 14 Feb 11
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2 Mar 11 03:36:48 pm
Hello. I have made about eight purchases from Liquidation.com within the last six months. I have made purchases from three of the sellers you are asking about (Dealz4less, CK Bargains and Best of Brands). The merchandise I purchased from Dealz4less was good merchandise and I did OK profit wise (not great but respectful). My only complaint with this company is they sent me some merchandise that was obviously damaged. I know that this is part of the dealing with liquidation merchandise but the damaged items were photographed for the auctions and should have been obvious to the photographer. It appears the items were folded and photographed in a manner to hide the flaws. Even with that said, I would buy again from this supplier if I came across a good deal (which are hard to find on Liquidation.com). I purchased some wallets from CK Bargain. I did great on about 1/3 of the wallets but the rest I broke even or lost a little money. I made a purchase from a company called Big City Fashions that appear to be a sister company of CK Bargains since their auctions are identical in merchandise and design. I made a huge profit off of this purchase. I tried to make a purchase from Best of Brands but never received the merchandise. After about three weeks I was notified by Liquidation.com that the merchandise was no longer available and my money was returned. This is the biggest problem I have had with Liquidation.com. Three of my purchases were cancelled after I paid for the merchandise. One from an auction in which the seller claim the merchandise was packaged and ready for shipment. There was never an explanation as to why but each time my money was refunded quickly without hesitation. After the third cancellation I stop using the site (need something more reliable). I wander there from time to time but would only make a purchase now if I came across a great deal. My overall opionion is you are much better off looking for a more realiable source. The profit margains are not worth the risk. It pretty much is a hit and miss situation with Liquidation.com. Good luck.

Site Admin
fudjj
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Joined: 27 Jul 07
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2 Mar 11 08:14:15 pm
That's a really solid review bobby1, and what I think would be representative of most users.

You are dealing with surplus stock, and despite what the image shows, there is always a chance of stock being damaged. As bobby1 has highlighted, it an be a matter of trying a few suppliers on the site to find those that you are happy with.

Whether it's a site like liquidation.com or an outright liquidation company, dealing in surplus can be a risky business and is very rarely a short term success for people. It's an industry where you have to measure success over a period of time because there will no doubt be ups and downs no matter who your supplier is, just the nature of the surplus trade.

Looking for short term success is a recipe for disappointment with surplus, if you have limited funds then it's not really a product resource that is stable enough to risk that limited budget on.

If you have a longer term strategy, then I think it's an industry that offers plenty of opportunities, and the more experience you gain dealing within it, the better those opportunities become!


Mark (fudjj)

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SaleHoo.com

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Full Member
tifsnmigs
Posts: 18
Joined: 07 Dec 10
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3 Mar 11 03:23:32 pm
Hello bobby1, thanks for the detailed feedback and making an effort to share your actual experience with the suppliers listed below. It gave me a better insights on dealing with surplus :-)

Fudjj, thanks for your feedback too!

Free Member
tblack41
Posts: 24
Joined: 18 Mar 11
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23 Mar 11 04:19:48 pm
I've used Liquidation.com a lot over the past year, so here are my thoughts.

Steer away from sellers that do not have their merchandise in a liquidation.com warehouse. Some of those sellers appear to me to be the "fly by night" type.

I've had the best luck with the seller named "onlinereturns" which when you put two and two together, it's returned items (for the most part) from Amazon.com. A couple others worth noting would be "RetailWest1" and "PremierRetail". After working with them for a while (and sneaking in some conversation with an employee) you figure out which sellers deal more quality items.

I see some people saying steer away from "returns" but I give the green light on returns with dealing with the aforementioned sellers. But still note that 20-30% of the stuff will be screwed up. HOWEVER, I've still made some money from selling the screwed up stuff on eBay for parts.

Here's the trick on the screwed up stuff. Find out if your screwed up item is wanted for parts and then clearly stated and sell it AS-IS. If you have more than one messed up item, sell it in lots. The other thing you can do with the screwed up stuff is donate it to Goodwill, Salvation Army or whatever and take the tax write-off at full MSRP (at least in the US, not sure how that works in other countries). So even if 30% of your load is totally messed up, it's not a total loss if you know what to do with it. I've done a TON of transactions with these guys and only lost money on a couple lots (which you're going to get in this business if you do it long enough....don't get discouraged).

As far as shipping goes, I will agree, the minimum drives me crazy as well as the buyer premium. But that's part of the deal so do the math when bidding...and here's how that goes FYI:

Say I want to pay no more than $500 for the lot and the shipping quote given was the minimum of $40.25....

$500 (what I'll pay) - 40.25 (shipping) / Buyer premium (usually 8% when buying from a warehouse, so you actually divide by 1.08 to get the figure) = Amount to bid (in this case $425.69).

Back to shipping...Liquidation.com has worked for me because I am located somewhat close to the warehouse, so I can go pick up my stuff and not pay shipping. The flip side to that is you need your tax exemption in whatever state you pick up in to avoid sales tax.

And again....research the market you're selling the stuff in. Liquidation.com usually does a good job of manifesting the lots (especially the sellers I mentioned). So I sell on eBay and when looking for a Liquidation lot, I religiously research the items in eBay completed listings to figure out if it will be profitable and what my max bid should be.

Finally....Liquidation.com is an auction site, and auctions in general can become emotional! Don't get caught up in it, there will always be another lot. It all depends on who is bidding and who is getting caught up in the thrill of winning the auction (I would know, I've over-paid for lots just because I HAD to have it....dumb). My trick now, is to do my analysis, place my bid near the end of the auction then WALK AWAY from the computer.

Hope that sheds light into the wild world of liquidation.com!


"If you don't love it, leave it. USA #1!"

-Ricky Stanzi, 2010 Orange Bowl Post-Game Interview
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richelle_salehoo
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23 Mar 11 11:02:49 pm
Thanks for sharing your experience (plus the seller names too) and tips on dealing with the products and sellers on Liquidation.com :)

I'm sure many of our members will find it quite helpful.

Cheers!


Richelle

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SaleHoo Group Limited
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fudjj
Posts: 5909
Joined: 27 Jul 07
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24 Mar 11 10:58:28 pm
We haver a stack of information on the forum in regards to Liquidation.com, but it's always good to get people with personal experience posting, especially when it's filed with good, solid advice as T's post has in it.

If anyone is considering using Liquidation.com, Tblack's post is a must read!


Mark (fudjj)

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SaleHoo.com

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Full Member
tifsnmigs
Posts: 18
Joined: 07 Dec 10
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25 Mar 11 04:47:34 pm
Well said! Thanks a lot TBlack for sharing! :-)

Regards,

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