eBay
Selling, Where to Locate Large Wholesale Lots
by Tim Gilberg
Liquidation Dot Com (lcom) is an online-auction
site for surplus goods. One of the best features of lcom is that you have
high visibility with any of your auctions. Unlike eBay, where there are
thousands of listings per category, lcom categories generally have 2-3
pages of listings. You will definitely get eyeballs viewing your product.
The lcom process works as follows: you submit your
product information to lcom, including the description, pictures, weight,
etc. The staff will then put up an ad for you. I have found them to be
both helpful and friendly. After the auction has closed, a third-party
shipping company will contact you to arrange the pickup. You can view
all of this progress at the lcom Web site. The customer and seller have
no direct contact - questions are answered online, but are filtered through
lcom.
All lcom auctions start at $100 with no reserve.
Normally I can sell a whole pallet of product and receive a price equivalent
of what I would receive selling them on eBay one at a time. The fees for
your auction are 15% of the winning auction price with a minimum of $150.
The $150 minimum may seem high, but the exposure and ability to move a
large load of product at eBay-type pricing makes it very attractive. Payment
usually takes 7 - 10 days after the auction closes, depending on the shipping
times, etc.
The main negative experience occurs when a closed
auction goes into dispute. This doesn't happen often, but it can be very
costly when it does. The customer has 2 days to review the product after
the load has been received. If he disputes the purchase, the seller is
notified and the lcom team makes a decision as to whether the reason is
valid. If the load is returned, the seller pays shipping both ways, from
your site to the bidder's and back, plus the full 15% commission.
I have sold many lots of product on lcom; and the
biggest lesson I learned is to select the right category. There are various
categories to describe your product such as new, shelf-pull, used and
salvage. I have found that it's best to put your product in one category
below what it actually is to save any disputes; for example, if you have
used computers, list them under salvage.
I have found virtually no price difference in the
final sale by putting goods in a lower category, and it limits customer
disputes. It may sound strange, but the ended auction price is almost
the same. As I wrote earlier, if an auction is disputed, you not only
lose your time, but the full 15% commission and shipping costs. Believe
me - this is something you want to avoid!
If you have slow movers on eBay or overstock items,
consider using lcom as a good venue to sell bulk product.
Tim Gilberg is able to provide
information and insight from a unique perspective - that of someone who
is actually doing what others just talk about. Ebay Power Seller Platinum
Status was Attained by Tim Gilberg, which is one of the highest sales
levels attained selling on eBay. Tim is active on Ebay and liquidation.com
as well as consulting and working with other Top ebay Power Seller's to
give you real life in use insight, not theories.Visit Tim Gilberg at his
website Make
Money on eBay
Article Source: http://EzineArticles.com/?expert=Tim_Gilberg
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