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Casual Articles - Checklist For Bidding On And Buying A Liquidation Pallet
Workflow, as the Workflow Management Coalition defines it, is: The automation of a business process, in whole or part, during which documents, information or tasks are passed from one participant to another for action, according to a set of procedural rules. We want to automate activities. If we can. And there are seemingly endless opportunities to do so. Yet, through the years our organization has done a few things in this area. Already.It would be easy if you could start from scratch. (Information) Technology continues to develop in a ever more professional pace.Yet there are legacy issues. The companies that were pioneerin
"Sent Bad” In my experience, these lots have been the most profitable. There is more risk involved. Suppliers often include discontinued items in this category, items no longer in production. Some of these items are brand
Small business owners and entrepreneurs who are seeking sustainable success probably don’t realize that they are creating their own success puzzle. Each executive builds a puzzle that is a unique picture because success is different for every entrepreneur.However, within each of these success puzzles are many pieces that are always present even though the shape, size and color when comparing pieces may be different. And in some cases, there may be more than just one piece. Accountability – Is accountability executed by everyone within the organization? Attitudes – Is your success because of knowledge and skills or attitud
The bidding on liquidation product is very different than online auctions. The first step is to get a list of product to bid on from liquidation or close out sources. You bid on liquidation items by placing what is called a "Blind Bid" from this product list. This simply means that you bid the price you are willing to pay for a set list of product.
No other bidders can see your bid or vice versa. You are notified via email if you won the items you bid on, usually within 48 hours. It is very important that you do your research thoroughly prior to placing any bid!
Payment
The two accepted methods of payment from the liquidation sources are Cashier's Checks or Wire Transfer directly to their bank.
Buying Liquidation
Once you obtain the contact information and are placed on the Approved Buyer list from a liquidation company, you will receive an email stating, "Lots for Bid" or "Manifest Bid List".
These bid lists come with basic listing information, such as quantity and a very general description of the product. Depending on the company, the Bid Lists are broken up into three separate categories: "Sent Good", "Sent Bad" and "Untested". All the companies terms and conditions clearly state "As Is, Where Is, With No Guarantees Or Claims, Etc to Working Condition"!
"Sent Good” This product group will have a higher percentage of functional product. The negative aspect is that there will be more bidders and this drives the price higher. I personally have had occasions in which I won the bid on a "Sent Good" lot, and actually received less functional product than a lot I purchased that was labeled "Sent Bad".
"Sent Bad” In my experience, these lots have been the most profitable. There is more risk involved. Suppliers often include discontinued items in this category, items no longer in production. Some of these items are brand n
Your web traffic reports offer unparalleled opportunities to learn more about your site visitors and their behavior. Are you taking advantage of these opportunities?Knowing the hot content areas on your site can give you great ideas for future product and program development. Rita Risser (http://www.FairMeasures.com) developed a whole set of online checklists and policy guideline documents based around the subjects that her visitors were searching for. Calls to Action One of my favorite mantras is "Every Page of your Site Should Have a Strategy". You should absolutely know which se
No other bidders can see your bid or vice versa. You are notified via email if you won the items you bid on, usually within 48 hours. It is very important that you do your research thoroughly prior to placing any bid!
Payment
The two accepted methods of payment from the liquidation sources are Cashier's Checks or Wire Transfer directly to their bank.
Buying Liquidation
Once you obtain the contact information and are placed on the Approved Buyer list from a liquidation company, you will receive an email stating, "Lots for Bid" or "Manifest Bid List".
These bid lists come with basic listing information, such as quantity and a very general description of the product. Depending on the company, the Bid Lists are broken up into three separate categories: "Sent Good", "Sent Bad" and "Untested". All the companies terms and conditions clearly state "As Is, Where Is, With No Guarantees Or Claims, Etc to Working Condition"!
"Sent Good” This product group will have a higher percentage of functional product. The negative aspect is that there will be more bidders and this drives the price higher. I personally have had occasions in which I won the bid on a "Sent Good" lot, and actually received less functional product than a lot I purchased that was labeled "Sent Bad".
"Sent Bad” In my experience, these lots have been the most profitable. There is more risk involved. Suppliers often include discontinued items in this category, items no longer in production. Some of these items are brand
Do you know what it takes to become an expert in your industry?It's easier than you might think.It really only takes two things:1) Deciding you want to become known as an expert.2) Following the proven path to becoming known.Take a look around. On the web. In your daily newspaper. In your favorite magazine.Listen to the radio. Watch TV.You'll find one thing present in all of these places. People sharing their expertise.Sometimes it's through articles they've written.Other times they're being interviewed.Then ask yourself these questions: methods of payment from the liquidation sources are Cashier's Checks or Wire Transfer directly to their bank.
Buying Liquidation
Once you obtain the contact information and are placed on the Approved Buyer list from a liquidation company, you will receive an email stating, "Lots for Bid" or "Manifest Bid List".
These bid lists come with basic listing information, such as quantity and a very general description of the product. Depending on the company, the Bid Lists are broken up into three separate categories: "Sent Good", "Sent Bad" and "Untested". All the companies terms and conditions clearly state "As Is, Where Is, With No Guarantees Or Claims, Etc to Working Condition"!
"Sent Good” This product group will have a higher percentage of functional product. The negative aspect is that there will be more bidders and this drives the price higher. I personally have had occasions in which I won the bid on a "Sent Good" lot, and actually received less functional product than a lot I purchased that was labeled "Sent Bad".
"Sent Bad” In my experience, these lots have been the most profitable. There is more risk involved. Suppliers often include discontinued items in this category, items no longer in production. Some of these items are brand
"Business opportunities are like buses, there's always another one coming." - Richard Branson, founder of Virgin EnterprisesIf business opportunities are like bus, then be sure that there will be many who will want to board the buses. They will also face the eternal question ‘What next’? The next step is to choose the type of business. The choices are many and the decision, well, as usual, always difficult to make. Before opting for any type of business, it will augur well, if you understand the difference between each of the options.Sole trader:Sole trader is a person who carries out the trade/ business single handedly. He is the w
"Sent Good” This product group will have a higher percentage of functional product. The negative aspect is that there will be more bidders and this drives the price higher. I personally have had occasions in which I won the bid on a "Sent Good" lot, and actually received less functional product than a lot I purchased that was labeled "Sent Bad".
"Sent Bad” In my experience, these lots have been the most profitable. There is more risk involved. Suppliers often include discontinued items in this category, items no longer in production. Some of these items are brand
The sweet spot of the IT consulting business requires more skills than needed for micro business IT consulting. Sweet spot companies have anywhere from 10-50 computers. This level of business is where you should be focusing most of your IT consulting efforts.These sweet spot businesses generally use Microsoft Windows based systems. They have anywhere from 10-100 employees. In terms of annual revenue, in U.S. Dollars, usually equates to annual earnings of 1 million up to 10 million. The big thing that puts them into the sweet spot is that they have graduated from peer to peer and they need one or two real dedicated servers.Hardware Skills
"Sent Bad” In my experience, these lots have been the most profitable. There is more risk involved. Suppliers often include discontinued items in this category, items no longer in production. Some of these items are brand new! There is a large demand for "out of production" parts on the auction sites such as Ebay, Yahoo, etc. A lot of this product may have been tested by a technician or returned by a customer.
"Sent Untested” There is a good potential for this product as well. It is more of a gamble, but I have found that the product sent in untested lots were items usually used internally in a company. One big advantage is that your competitors will not bid as aggressively!
You will notice that there is a lot number assigned to each group of product. When you place your bid it is never for a single line item, but for all of the products listed under the Lot number. As you can see, it lists only very general information.
Shipping
When buying large quantities, or a "Lot" of product, you will find shipping is quite different from other auctions as well. Due to the weight and size of a larger purchase, it will not be sent via normal common carriers such as UPS, FED EX, and USPS.
You will arrange the shipment via a trucking line. Important! Shipping is very competitive, be sure to get at least three bids prior to shipping. Moving two to three pallets across the country can cost around $350. Delivery on average is five-seven days maximum. This is also affected by the distance, and the shipper you choose.
Some Important Tips
When I first started buying Liquidation, I would use the Google Search Engine to check prices on the products listed in the Manifest. In those cases I was barely able to break even on the pallets I successfully bid on, because the information on Google can be compared to a "Wish List".
eBay is the tool for finding what the product will sell f
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