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More often than not, the product comes directly from one of those warehouses. However, on occasion, the products may come from an individual seller directly. Buyers are not required to have a resale certificate or tax ID number. Quantities vary from auction to auction and can be as small as single unit auctions. The sellers on the marketplace are anonymous and Liquidation. One key difference in our approach is that we encourage our clients to form direct relationships with their buyers.
Buyers can bid on liquidation inventory with confidence, knowing they are buying directly from its source. Genco Marketplace is a business-to-business liquidation marketplace of surplus inventory. Their inventory consists of pallet sized or truckloads of closeouts, customer returns, and overstock items. Very few of their lots, however, are in brand new condition. They have liquidation auctions , fixed price lots of electronics , and private lots of hardware, automotives , and furniture from retailers such as Sears, Home Depot, and Kmart.
This can be risky because buyers never know how accurate the descriptions of products may be or how reliable the vendor is as far as shipping, payment, and item condition are concerned.
Wholesaling is generally not available to the standard consumer. The wholesale price is usually fixed, and the amount of products can vary substantially. Wholesalers frequently purchase large liquidation bulk lots from large liquidators, break those lots apart, then repack and redistribute them in smaller lots to smaller retailers and resellers at higher prices.
AliExpress is one of the trade platforms created by Alibaba Group, a China-based company. Alibaba has created three trade platforms, enabling millions of buyers and suppliers to connect around the world and do business online.
Alibaba is for importers and exporters, while AliExpress is the global site geared towards smaller buyers looking to buy smaller quantities combined with fast shipping. While this is an international site, it is also another wholesale distribution site. This means the prices are usually fixed, and the amount of product can vary substantially. DollarDays is another online wholesale distributor that caters to small businesses and entrepreneurs.
Their products are sold by the case and single packs, but priced at par with or below wholesale rates. Their minimum required purchase is a single case, not in pallets or truckloads like many other distributors require. In order to see prices, one must first register. Registration is free, although they also offer two paid membership levels that come with additional discounts. There are quite a few liquidation marketplaces on the Internet today, but not every liquidation marketplace will cater to your individual needs.
If you are looking for small wholesalers with a substantial amount of generic merchandise and predefined prices, your best fit is to search for the wholesalers using toptenwholesale. If you are looking to buy name brand overstock and returned inventory directly from a major retailer in bulk, then the B-Stock Sourcing Network would be a good fit for you.
Since there is no middleman in the picture, the cost of the inventory is often lower than other liquidation marketplaces. Additionally, because they are auctions, you decide what you are willing to pay and if that is more than the next guy, you will win at your chosen price.
B-Stock does not own or touch any of the inventories, so you would be dealing directly with the retailers. If not knowing from whom you are sourcing is OK and you are more concerned with variety and selection of products at any given time, liquidation. There are also smaller unknown distributors and wholesalers who sell on liquidation. If you are looking for deeply discounted closeouts, returns, and overstock items and are not concerned with the condition, Genco Marketplace may be a good fit.
A majority of their inventory consists of customer returns and salvage merchandise. If you are a smaller business who needs to buy wholesale, fixed-priced, generic goods in small quantities, AliExpress and DollarDays are great alternatives.
Both are geared towards smaller businesses that do not need large lots of generic non-branded inventory, while providing them with the opportunity to purchase in smaller quantities, at or below wholesale prices. What You Should Know.