If you’re in the appliance resale market and looking to purchase returned, excess and scratch and dent appliances from Best Buy, you can do so through the Best Buy Liquidation Auctions marketplace. Through the online auction marketplace, resellers have the opportunity to source bulk quantities of appliance at great prices.
If you’re a small business owner who typically purchases returned inventory from a third party liquidator, there has never been a better time to ditch the middleman and purchase directly from the source. Remember, third party liquidators typically mark up the goods they are selling in order to cover the cost of shipping, and to make a profit. They also have the opportunity to see the items before passing them onto to you; possibly keeping the highest quality items to sell on their own. Buying straight from a retailer (like Best Buy) through an online auction marketplace allows you a level playing field and fair market prices.
What You Need to Know About Buying and Reselling Excess Appliances:
- The “big five” appliances typically purchased are washers, dryers, refrigerator/freezers, dishwashers and ovens/stoves/cooktops.
- The two reasons that appliances are returned are generally cosmetic damage, or a customer service issue like wrong color or wrong size.
- People buying new appliances are, more often than not, replacing an old appliance and need it quickly. This makes selling scratch and dent appliances easier.
- Some liquidation appliances will require repairs. You must be prepared for this.
- Additional dings and dents can happen during transport.
- Often times, buyers are required to move the items off the trucks on their own.
The Best Buy marketplace carries a variety of appliance brands including Samsung, Whirlpool, LG, and Maytag among others . To see what liquidated inventory is available for resellers, check out the Best Buy Liquidation Auctions marketplace, powered by B-Stock.Keep in mind, appliances bought through Best Buy Liquidation Auctions will not come with a warranty.
A few other notes regarding appliance purchases for the secondary market:
- Washers and dryers tend to sell the fastest and be in the highest demand, more than kitchen appliances.
- Be honest when listing your items for sale and make sure to advertise if the item is scratch and dent, or is not working properly.
- It’s best to test and repair all broken appliances before listing them for sale.
- Wipe down and clean the appliance before taking photos for a sales listing. The will help maximize your sale price.
- Often liquidated appliances are sold by the truckload.
To see Best Buy appliance auctions that are currently available, visit this sourcing page for Best Buy liquidation auctions.
You can also contact B-Stock with any questions on getting started. In order to buy inventory from Best Buy Liquidation Auctions, you will need a resale certificate which allows you, the reseller, to purchase the goods tax free (read more on resale certificates). After you have your resale certificate, you’ll need to apply to the Best Buy Marketplace. Tip: Check out our Buying Basics Series, starting with How to Become a B-Stock Buyer).
Buying liquidation from the source’s online auction marketplace will help ensure you get quality appliances for fair market value (read: no markups from liquidators). This will enable you to still provide your customers a good discount, while helping you turn a higher profit margin. Buying Best Buy liquidated appliances direct from Best Buy Liquidation Auctions provides that opportunity.