anybody bought from liquidation.com?

Idk if it's possible to make money or they survive on the money that they get from people buying one lot of shit and not making any money and that's that over and over.

There is a lot with a 4TB SSD now, some headphones, etc.

Anybody make/lose some money doing this? I imagine a losing proposition

I actually ran a company back in 2000-2002 doing just that. We made our own direct deals with a few retailers where we bought all of their returns for (example) .25 per dollar of their original wholesale cost. Literally full truckloads of merchandise. Had close to 20 employees at one point. We would then go over every single item, cleanup as needed, test all functionality, etc. Document, photograph and list it on eBay. We got big enough in a short enough time that we became one of the top 5 sellers, eBay invited us to a special private event at the Bellagio, etc. Then Liquidation (we also worked directly with them at times on larger loads) and a couple of other companies started making bigger direct deals with retailers and selling individual pallets of merchandise to anyone along with other larger companies like ours that started to pop up like Returnbuy.com (they got bought out and still exist but not like their original setup). The market got flooded with people buying one to a few pallets at a time and doing the same thing out of their garage and living room with no overhead. With our overhead it became unsustainable so we closed it down.

That being said Liquidation is a legit company and fine to do business with. Yes, if you have the patience and time, you can make some very good money. What we observed was that in the retail returns industry was that roughly 90% or more of products returned have nothing at all wrong with them. Majority were buyers remorse, SEU (stupid end user), etc. The other 10% was actual defective things, abusive returns (bought cordless phone a year ago, it dies, go buy a new one, stick old one in box and return it), buy a vacuum to clean up cat mess etc to get deposit back from apt and return it all nasty, etc.

So yes, the short of it is, if you can somewhat establish what the inventory is, likelihood of defects (some things are more prone to issue like being fragile, etc), and whatnot you can potentially make a LOT of profit. Bear in mind though, your time is money, costs and fees with reselling things like PayPal, eBay, credit card fees. If you do enough you quickly can become a business and start having to collect state sales tax, etc. Shipping costs related to packing. Potential returns from who you sell to (very much a consideration on eBay nowadays). But with no overhead, if local to their facility (no freight costs) you can buy a pallet, go down there and load it in your vehicle, take it home, unload it all in the living room and go through it, check, test, cleanup, document and resell and make very good money.

MixManSC said:

I actually ran a company back in 2000-2002 doing just that. We made our own direct deals with a few retailers where we bought all of their returns for (example) .25 per dollar of their original wholesale cost. Literally full truckloads of merchandise. Had close to 20 employees at one point. We would then go over every single item, cleanup as needed, test all functionality, etc. Document, photograph and list it on eBay. We got big enough in a short enough time that we became one of the top 5 sellers, eBay invited us to a special private event at the Bellagio, etc. Then Liquidation (we also worked directly with them at times on larger loads) and a couple of other companies started making bigger direct deals with retailers and selling individual pallets of merchandise to anyone along with other larger companies like ours that started to pop up like Returnbuy.com (they got bought out and still exist but not like their original setup). The market got flooded with people buying one to a few pallets at a time and doing the same thing out of their garage and living room with no overhead. With our overhead it became unsustainable so we closed it down.

That being said Liquidation is a legit company and fine to do business with. Yes, if you have the patience and time, you can make some very good money. What we observed was that in the retail returns industry was that roughly 90% or more of products returned have nothing at all wrong with them. Majority were buyers remorse, SEU (stupid end user), etc. The other 10% was actual defective things, abusive returns (bought cordless phone a year ago, it dies, go buy a new one, stick old one in box and return it), buy a vacuum to clean up cat mess etc to get deposit back from apt and return it all nasty, etc.

So yes, the short of it is, if you can somewhat establish what the inventory is, likelihood of defects (some things are more prone to issue like being fragile, etc), and whatnot you can potentially make a LOT of profit. Bear in mind though, your time is money, costs and fees with reselling things like PayPal, eBay, credit card fees. If you do enough you quickly can become a business and start having to collect state sales tax, etc. Shipping costs related to packing. Potential returns from who you sell to (very much a consideration on eBay nowadays). But with no overhead, if local to their facility (no freight costs) you can buy a pallet, go down there and load it in your vehicle, take it home, unload it all in the living room and go through it, check, test, cleanup, document and resell and make very good money.

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Interesting, the picture you paint is of a once profitable venture that has been beat to death.

I think the problem is those youtube videos, lol. People get paid directly by youtube per view, so their is a big market in taking an ipad or two, throwing them in a pallet of torn condom returns of you bought for $100 and everyone goes 'wow' and then goes and bids on liquidation.com to the point where they price the profit out of it

That is part of the problem. Another is that nowadays much of the returns are cherry picked. Major retailers (physical or online) typically just put everything they have into one huge load and it is sold. What can then happen (been out of it for many years so I have no idea if Liquidation does this but I'd think not as they are a very reputable company) though is that a place will buy the load and then rather than just take each pallet as received, they will break each down and build up their own pallets to sell while cherry picking out certain premium or the most profitable bits to sell through their own separate company or partner leaving a lot of less desirable merchandise carefully mixed in at the bottom of the pallets they put together to resell to others. On the main Liquidation site there are some great deals to be had but the merchandise is from any number of sellers so you really have to look close at the details. That being said a lot of it still is merch that is sourced and is directly from major retailers. As long as you do some proper due diligence in checking the sellers ratings, who the seller is, where the merch is located, etc it can be perfectly fine. If its from som no name place and you have to get it directly from the seller versus from one of the actual Liquidation.com warehouses it can be a bit more risk but not always. Then there is the other side of their site, Liquidation.com Direct. That side is where you are buying directly from the major retailers. Those will be larger loads though.

Back when I had the company doing this we were direct with uBid.com who is still around but back then they were a major auction site that was selling closeouts of prior models for many major top brands. We even got to where if you bought something from them and wanted to return it, they would issue a UPS return shipping label and the item actually came directly to my warehouse where we would check it in and notify them that is was received and they would refund their customer. We were also buying full truckloads, often more than one at a time at well over six figures in cost. We were also direct with Circuit City, Best Buy, and Sears. But then other big players like us such as Returnbuy who I mentioned before popped up and started negotiating direct deals which forced up to negotiate lower prices to still be able to get merch. Then the individual market was created and the prices just declined too much for our business model to continue to survive due to the higher overhead costs.

Lol - found an old pic from in our warehouse of part of a new load that came in still on some of the racks as well as pallets on the floor. that brings back some memories...

MixManSC said:

That is part of the problem. Another is that nowadays much of the returns are cherry picked. Major retailers (physical or online) typically just put everything they have into one huge load and it is sold. What can then happen (been out of it for many years so I have no idea if Liquidation does this but I'd think not as they are a very reputable company) though is that a place will buy the load and then rather than just take each pallet as received, they will break each down and build up their own pallets to sell while cherry picking out certain premium or the most profitable bits to sell through their own separate company or partner leaving a lot of less desirable merchandise carefully mixed in at the bottom of the pallets they put together to resell to others. On the main Liquidation site there are some great deals to be had but the merchandise is from any number of sellers so you really have to look close at the details. That being said a lot of it still is merch that is sourced and is directly from major retailers. As long as you do some proper due diligence in checking the sellers ratings, who the seller is, where the merch is located, etc it can be perfectly fine. If its from som no name place and you have to get it directly from the seller versus from one of the actual Liquidation.com warehouses it can be a bit more risk but not always. Then there is the other side of their site, Liquidation.com Direct. That side is where you are buying directly from the major retailers. Those will be larger loads though.

Back when I had the company doing this we were direct with uBid.com who is still around but back then they were a major auction site that was selling closeouts of prior models for many major top brands. We even got to where if you bought something from them and wanted to return it, they would issue a UPS return shipping label and the item actually came directly to my warehouse where we would check it in and notify them that is was received and they would refund their customer. We were also buying full truckloads, often more than one at a time at well over six figures in cost. We were also direct with Circuit City, Best Buy, and Sears. But then other big players like us such as Returnbuy who I mentioned before popped up and started negotiating direct deals which forced up to negotiate lower prices to still be able to get merch. Then the individual market was created and the prices just declined too much for our business model to continue to survive due to the higher overhead costs.

Lol - found an old pic from in our warehouse of part of a new load that came in still on some of the racks as well as pallets on the floor. that brings back some memories...

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Very cool stuff, thanks for imparting your wisdom(s)

I used to do some work buying and selling scrap memory. RAM was worth $14 a pound, but ram with silver pins was like 6 or 8, only worth 4 or 5 for gold but it was so useful for scams that there was a premium on the stuff.

Anyways yeah, people were throwing you know, 5,000 pounds of silver pin ram into a gaylord, covering it with a couple hundred lbs of normal ram, and trying to figure out who was dumb enough to buy it. I got accused of trying that, that was how I heard about it in the first place, people were so paranoid.

Business was going well and I just stopped out of nowhere one day because a fiance left me, stupid I know. Stupid, stupid.

I made $3000 in one day, like the first week I was doing it. Most days are not like that, lol.