Liquidation stock, also known as bankrupt stock, refers to any type of stock which is being sold because a company has gone bankrupt. Liquidation stock is often hot property as it is available to purchase at a heavily discounted price. There are a number of places that you can look in order to find liquidation stock that is for sale. This article lists some of the most popular ways you can purchase liquidation stock.
Membership Websites
There are several large membership websites that specialize in selling liquidated stock to members of the public. These membership sites often require a small fee to be able to view the stock that they have on offer. When you are thinking of joining a membership site you should always do your research to check that they are an established and reputable company. It is worth searching online for independent reviews or for genuine testimonials from people who have purchased membership and that are happy with the level of service that they received.
Online Auctions
Another place to look is on online auction sites such as eBay. Liquidation stock is often listed as ‘job lots’ on these types of sites. They work by users placing a bid on any items or lots that they like the look of. At the end of the auction the highest bidder wins. Auctions can run from 24 hours right up to several weeks in length. Some people will also list their stock with a ‘Buy it Now’ price. Always check that the person you are purchasing it from has a good feedback rating.
As well as online auctions there are also physical auctions. Physical auctions have several benefits over online ones, including the fact that you can view the stock that is for sale in person. You can also take home the stock the same day that you win it, whereas on eBay you will often have to arrange a collection date with the seller.
Closing Down Sales
You can keep an eye out for closing down sales. Often a business will close down because they have gone bankrupt. If you see a closing down sign in the window of a shop then you can ask if they have any stock for sale.
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