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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 brand name, liquidated appliances 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 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.
When you buy Best Buy pallets you’re buying trusted name brands such as LG, GE, Samsung, Shark, and Whirlpool. The products most commonly liquidated from Best Buy are both large and small appliances. You’ll find kitchen appliances such as refrigerators, microwave ovens, ranges, and dishwashers. Laundry appliances like washers and dryers are very popular too. There are also typically lots featuring mixed appliances or even just mixed small appliances like vacuums and air conditioners.
Registered buyers can purchase bulk lots of new condition and returned appliances from Best Buy Liquidation Auctions with just a few simple basics down. Keep in mind, appliances bought through Best Buy Liquidation Auctions will not come with a warranty.
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 the 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.
Statistically, laundry units are in higher demand in the market than kitchen appliances. For business owners, this means that washers and dryers tend to sell faster allowing you to move inventory quickly. In fact, laundry units generate the highest secondary appliance market pricing, with refrigerators following in second.
Nearly all appliance auction deliveries will be floor-loaded; meaning, the inventory will not be shipped on pallets. You will have a two-hour window to unload the inventory directly off the truck without a lift gate (the device used to raise and lower items from ground level to the level of a tractor-trailer). You will be responsible for going into the truck and removing the units yourself.
Contact the manufacturer for available appliance technicians near you. As manufacturers, brand integrity is important. So they will be willing to help you find the proper technician so you can go on to resell their appliances. Or, you can make the repairs yourself. Making repairs goes a long way and will allow you to sell used appliances for a higher profit!
Keep in mind: Additional dings and dents can happen during transport.
Liquidated appliances have much to offer — if you go about it the right way that is. Here are a few other notes regarding liquidated appliances.
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Let’s compare scratch and dent versus used appliances. The term scratch and dent refers to slight cosmetic damages to the exterior of the merchandise. These scratches and dents only affect the aesthetics of the product, but not the overall functionality. Cosmetic damage is one of the top reasons appliances get returned—if the unit is damaged in any way before it reaches the customer, they’ll typically request a new flawless one in its place. You can charge more for scratch and dent appliances as these are new and not used.
Used appliances, as the name would suggest, can mean an item has varying degrees of use while still being functional. Appliances that fall into this category may be good/ fair or like new. Depending on the bargain you’re offering, you can still profit from these sales and should not overlook this group!
In order to buy inventory from Best Buy Liquidation Auctions, you will need a resale certificate that allows you, the reseller, to purchase the goods tax-free. 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.
Online auction marketplaces allow you to get quality liquidation inventory for fair market value (and no markups from liquidators). This will enable you to still provide your customers with a good discount while helping you turn a higher profit margin. Purchasing Best Buy liquidated appliances directly from Best Buy Liquidation Auctions provides that opportunity. If you’re ready to get started with purchasing liquidated appliances, register on the Best Buy marketplace today!