As I have been listing items the last few days I wanted to share some tips that have been working for me.  Also something I’ve started doing with my slow moving inventory.

Slow Moving Inventory ($0.99 auction):
When I first open my liquidation.com box I usually list the top selling items immediately and move on to the next box.  Then there becomes a backlog of lower priced items that sit around for awhile.  These items sit because I get other lots coming in and I’ve already made my money on the box.  Here’s what I’ve started to do moving the slow items.  I will move these items as $0.99 starting auctions, but the key is to cover your shipping cost.  I will not do free shipping but start the auction at $0.99.  Even if I make minimal amount on the item, then its better than it sitting in my basement making $0.  Two take aways:

• Start Auction on slow items only when you’ve made your money on the lot.  Start them at $0.99
• Cover your shipping cost on these items. DO NOT DO FREE SHIPPING.
• These type of auctions also work for items that do not work (condition: for parts not working).

Listing Daily:
I’ve had great success listing items daily.  I try to at least list one item a night.  Now don’t get me wrong listing more than 1 is great, but getting in the habit of something every day works wonders.  I’ve heard rumors of listing daily gets you better search results for buyers, but I’m not so sure.  I usually sell between 2 to 8 items daily.  My current goal is to get 400 active listings, so I need to list more than I sell.  Plus having more listings allow for more sales!  Increase your probability of a sale!

Bundling Lower Priced Items:
Not only listing lower priced items as a $0.99 cent auction is good, but if you continuously get the same lower priced why not sell them as a bundle?  My recent example is iWatch bands that I get a ton of in my boxes.  When I look online I see bands going for anywhere between $4 and $7 depending on the band.  If I were to list each one individually it would consume all my free listings, and my time.  I’ve already made my money on these lots so netting $3 profit is not worth it assuming they’d even sell!  So I bulk listed all 40 bands for a buy it now listing of $50.  It sold within the week!  This is a greater bang for my time and my listings.  This also works for electronic items that are defective.  I have three defective PlayStation 4 headset units that I’ve bundled together.  People will buy broken items to fix and resell.  Instead of throwing them away I will make some money on them and get them out of my inventory.  But make sure to calculate shipping and your fees correctly to not lose money!

Lastly if you haven’t seen my latest video please check it out.  I’m interested in learning on how you handle local sales and how you’ve achieved success if any with them.

Keep listing and innovate how you sell your items.  There is money in everything!

-Chris
LiquidationOH@gmail.com