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Thinking of moving to liquidation auctions

by dracoboar
5 replies
Sold most of my e-commerce and IM sites a while back and the money is just sitting there. I want to get back in the game and thought liquidation auctions would be a good start until I can get back in full time.

Any suggestions on websites or a better way to re-sell the product instead of ebay?
#auctions #liquidation #moving #thinking
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  • Profile picture of the author yukon
    Banned
    Originally Posted by dracoboar View Post

    Sold most of my e-commerce and IM sites a while back and the money is just sitting there. I want to get back in the game and thought liquidation auctions would be a good start until I can get back in full time.

    Any suggestions on websites or a better way to re-sell the product instead of ebay?


    What are you selling, food or tractors?
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    • Profile picture of the author dracoboar
      I am just starting out and I'm going to be buying liquidation auctions.

      Right now I will be purchasing anything that looks probable. I don't know if there is a way to develop an niche with liquidation auctions

      Is there a process where I can start feeding the sellers? Do they generally purchase from Craigslist or is there a process for doing this?
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      • Profile picture of the author yukon
        Banned
        Originally Posted by dracoboar View Post

        I am just starting out and I'm going to be buying liquidation auctions.

        Right now I will be purchasing anything that looks probable. I don't know if there is a way to develop an niche with liquidation auctions

        Is there a process where I can start feeding the sellers? Do they generally purchase from Craigslist or is there a process for doing this?

        Those are on Craigslist, pallets of store returns, etc...

        My guess is they're buying truckloads and splitting up the orders.
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  • Profile picture of the author Enfusia
    That depends on what you're selling.


    But, Amazon could be good for that.


    Depending on the items and margin you could supply flea market sellers nationwide, craigs list sellers nationwide or even Ebay sellers.


    It's a lot better to supply the sellers than do the selling yourself.



    Just my thoughts.
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  • Profile picture of the author GordonJ
    Originally Posted by dracoboar View Post

    Sold most of my e-commerce and IM sites a while back and the money is just sitting there. I want to get back in the game and thought liquidation auctions would be a good start until I can get back in full time.

    Any suggestions on websites or a better way to re-sell the product instead of ebay?
    For starters, join Greg Purdy's Facebook group, Essential Wholesale and Liquidations. You'll find several successful people DOING what you are considering.

    What you want to do is look for local small chains, maybe 3 to 6 stores, of mom and pop stores which would sell your stuff.

    Finding products is the easy part, getting the buyers, well, that is just ONE Facebook Group you want to be in.

    Get your ducks in a row before you pull the trigger buying, no matter how itchy of a finger to get going you have.

    GordonJ
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