Many resellers purchase pallets of liquidation merchandise to keep their shelves stocked. These pallets often contain name brand merchandise. However, purchasing liquidation pallets can cost a lot of money up front. Shopping for liquidation pallets through online auction allows resellers to get pallets of merchandise at a fraction of their MSRP value. Bidding often starts low, and it’s not uncommon for pallets of product to sell for under $500.
Choosing an Online Auction Platform
Shopping for liquidation pallets through online auction is an exciting way to get lots of products at deeply discounted prices. However, it’s important to take your time when locating an auction company to buy from. While lots of online auction platforms exist, not all provide the same value. It’s important to look for an auction platform with a large customer base and a large selection. Auction websites that only run one or two auctions per week probably don’t have the type of inventory you need.
Ideally, the online auction platform you choose should work with a trusted supplier. Unless liquidation pallets are all the company offers, it’s likely their pallets come from another company. For example, Lots of Auctions offers pallets of liquidation products through our partnership with Discount Truckloads. Discount Truckloads has been in business since the early 2000s. Since that time, the company has become a leading supplier of pallets and truckloads.
When buying pallets through online auction, most are sold “AS IS”. This means that pallets are non-refundable and resellers are not permitted to preview the items before moving the pallet to their location. This is the main reason why it’s so important to locate an online auction platform that partners with a reliable supplier.
Pallet Auctions in Texas
Lots of Auctions has held numerous auctions in Texas and Missouri. Thousands of bidders participate in our auctions each day. New pallet auctions start each week. Auctions run for six days, and bidders can choose to place a one-time bid, or allow the system to bid on their behalf up until a pre-determined amount.