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Participating in online bulk auctions is a great way to get good deals on items to buy and resell. You could buy a big bulk of items in one lot, keep a few items you want for yourself, and then sell the rest of it through sites like eBay, OfferUp, Mercari, etc.<\/p>\n
Here are five tips to help you get the best deals on bulk auctions:<\/p>\n
Typically when people think of bulk auctions, they immediately think of purchasing pallets of items from big box stores that have surplus. As we\u2019ve learned through shows like Storage Wars, you can also buy in bulk through storage auctions or estate liquidations. For example, here at Cal Auctions, we often have online bulk auctions where we may offer up the contents of an apartment\/house or storage unit. Sometimes the local community college will want us to sell off computers or kitchen equipment in bulk.<\/p>\n
Stay on top of bulk auctions by signing up for email updates on the websites you want to purchase from. You\u2019ll get instant notification of a sale and will have time to do research on items before you place a bid.<\/p>\n
If you go to popular auction sites to buy in bulk, then there\u2019s likely to be more competition, which could drive up the prices. Smaller online auction sites may not always have what you\u2019re looking for, but as stated previously, it\u2019s good to get on their email list just in case something comes up that could be a good money maker.<\/p>\n
If you\u2019re buying to resell items, it\u2019s only a good deal if you can turn around and actually sell those products. There\u2019s nothing worse than buying something that you think is a \u201cgood deal\u201d, but then it just ends up sitting there collecting dust.<\/p>\n
It seems like we\u2019re always offering this piece of advice to everyone, but it\u2019s worth repeating. It\u2019s easy to get caught up in auction fever and suddenly dish out two or three times the amount you intended pay. Even experienced online auction buyers make this mistake.<\/p>\n