Wholesale Lot
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Getting wholesale Lots To Sell on ebay
Liquidation Company(lcom) is an internet-auction site for excess goods. One of the well characteristics of lcom is that you have upper visibility with any of your auctions. Unlike eBay, where there are thousands of lists per category, lcom classes generally have 2-3 pages of lists. You will definitely get eyeballs watching your production.
The lcom treat works as follows: you submit your product information to lcom, accepting the description, pictures, weight, etc. The staff will then put up an ad for you. I have found them to be both assistive and social. After the auction has shut, a third-party shipping wholesale lot company will contact you to coiffure the getaway. You can view all of this build up at the lcom Web situation. The client and seller have no direct link - questions are answered online, but are separated out direct lcom.
All lcom auctions start at $100 with no reserve. Normally I can deal a whole pallet of product and accept a price equal of what I would get selling them on eBay one at a time. The fees for your auction are 15% of the successful auction price with a marginal of $150. The $150 marginal may look higher, but the exposure and ability to go a deep load of production at eBay-type pricing makes it very fascinating. Payment commonly takes 7 - 10 days after the wholesale lot auction closes, depending on the shipping times, etc.
The main negative experience occurs when a shut auction passes into dispute. This doesn't happen often, but it can be very high-priced when it does. The client has 2 days to review the production after the load has been received. If he disputes the purchase, the marketer is notified and the lcom team reaches a decision as to whether the reason is legal. If the freight is returned, the vendor pays shipping both ways, from your site to the bidder's and back, plus the full 15% commission.
I have sold many wholesale lots of production on lcom; and the biggest lesson I learned is to select the right category. There are different classes to identify your production such as new, shelf-pull, used and salvage. I have found that it's well to put your product in one class under what it actually is to save any disputes; for example, if you have used computers, list them under salvage.
I have got nearly no price difference in the last sale by putting trade goods in a lower class, and it limits client disputes. It may sound strange, but the done auction price is almost the same. As I wrote early, if an auction is disputed, you not only lose your time, but the full 15% commissioning and shipping costs. Believe me - this is something you require to void.
About the Author
DHgate.com is a china wholesale website serving global buyers since 2004.