by liquidityinc » Sun Mar 15, 2009 5:28 am
You have to be very careful which buyers you deal with.
We supply some clents with pallets, that we know are broken down, chery picked to within an inch of their life and then put up onto liquidation.com.
Now there is nothing wrong with breaking down a large load to then resale in smaller lots, in fact it can generate quick turnover and good profits.
The problems come when sellers pull all the real value items off the original load, then sell them on the side, leaving the smaller lots not containg any real value at all.
If you were buying direct from an liquidator, you wouldn't go near the load at the original price once you had seen how much value had been removed.
Of course we are talking about an auction format here, and that makes it extra dangerous, because the bidding can get out of control.
You pay far too much above the real value of the lot, then you get hit with BIG shipping cahrges on top, and then you find that you can't make any profit from what you have ended up with.
If you can afford pallet lots, deal with a liquidation source direct, not liquidation.com. You will get a set price, better shipping, so long as they don't have a flat rate, and best of all you can develop a regular reliable product resource.
Can you get good deals on the site....absolutely, but your odds are very much improved when dealing off the site!