GOOGLE SEARCH: What are the differences between various closeout liquidators?
Various closeout liquidators deal in different products. Some of them might be dealing in clothing, footwear, home décor, accessories, toys, and much more. This makes it easy for the closeout buyers to buy merchandise in bulk and easily pick and choose the appropriate wholesale closeout liquidators. Some of the differences between various closeout liquidators are:
Open and Sealed Bids
The first difference between the closeout liquidators is the open and sealed bids. An open bid is one in which the buyers are present in the hall or an open area, and everyone is bidding to get the closeout merchandise. The one whose bid will be highest would get the merchandise. However, sealed bids are those in which you will have to write the bid amount, seal the envelope and send it to the people conducting the auctions. If your bid is the highest, you will get the bulk closeout merchandise.
Online Auctions and Physical Auctions
Some of the closeout liquidators offer online auction services through which you do not have to travel anywhere, and everything can be purchased online. Even if you have to visit and inspect the closeout inventory, the payment process is completed online. However, some closeout liquidators offer physical auctions in which people can view each and every product live in front of them before they bid and pay at the time of their visit.
Product Specific Inventory
Some closeout liquidators sell almost all varieties of closeout merchandise wholesale. However, some closeout liquidators specialize in specific merchandise like paint, apparel, toys, hardware, tools, and footwear. It makes the process easy for the inventory buyers, as they can select from a larger variety of inventory to choose from.