Congratulations! You’re taking the first step in becoming a Rack37liquidation buyer. Our buyers love Rack37 because we offer direct access to returned, overstock, and other liquidation inventory from nine of the top 10 Indian retailers (along with hundreds of others) all in one place. Cover some basics to get you on the road for sale. In this post, we’ll look at the basics of the following:
• Finding inventory
Becoming a liquidation buyer on Rack37
Application Process First, we suggest scoping out all of our marketplaces and deciding which ones fit your inventory needs. Please note that you must apply separately to each marketplace at this time since each retailer has its approval criteria. A “APPLY” button in all markets which is at the top of the web page which will take you to an online application form. You must click on the need to attach paper to fill out the required fields, your resale certificate and submit button. We will be notified you within one business day if your account is approved for that marketplace. The more good news? There is no cost for any of our markets.
Finding and Buying Liquidation Inventory
Our sourcing network product categories, quantity, and your bidding on a lot of inventory in situations a stop-shop. 12 -15 auction to bid with the ability to search at any time, category, market or area open. Keep in mind by buying liquidation merchandise through Rack37 online network of marketplaces, and you are buying directly from the retailer or manufacturer.
Rack37 helps to facilitate the transaction, we don’t buy. There is no intermediary involved, and because it’s an online auction environment, there are no price mark-ups. With RACK37, you will have the access to a dependable, steady stream of inventory.
Once you can get the approval from the seller, to buy a particular market (or multiple), you can log in and start bidding! There will be a box in each auction where you can enter your maximum bid;
Remember, your maximum bid is the minimum acceptable of greater than or equal bid amount listed below the box. After entering the amount, Click on “Bid Now” button.
We will confirm your bid amount in the system. Double check the amount before confirming your bid. (Each “bid may vary from market to market, category to category, but the steps are similar.) Note the message near the top of the page informing you if your bid is high enough to become the current high bidder. For each bid you enter, you will receive an email confirmation that your bid was successfully placed. Additionally, you will receive email notifications if your bid is winning, lost, or won. For your convenience, we offer ‘proxy bidding’ to our buyers; as well as, ‘popcorn bidding’ to keep the bidding process fair. To learn more about these bidding terms.
Steps to start buying liquidation. Now that you’re halfway through with the basics of becoming a Rack37 buyer. Soon, you’ll be on your way to buy liquidation to begin its restructuring business. Remember, please reach out to our customer support team if any questions pop up along the way.