BIZAUCTIONS, INC (BZCN)
BizAuctions, Inc., enables commercial enterprises to liquidate excess inventory
on eBay.
Liquidity Services Inc. (LSI) is an online auction
marketplace for wholesale, surplus and salvage assets. The Company enables
buyers and sellers to transact in an automated online auction environment
offering over 500 product categories. NASDAQ:LQDT Recent Price:$7.45
Overstock.com, Inc. is an online closeout retailer
offering discount brand name merchandise, including bed-and-bath goods, home
decor, kitchenware, watches, jewelry, electronics and computers, sporting goods,
apparel, and designer accessories, among other products. It operates as part of
its Website an online auction site, a marketplace for the buying and selling of
goods and services. AMEX:OSTK Recent Price: $9.35
Big Lots, Inc. through its wholly owned
subsidiaries is a national broadline closeout retailer. As of February 2, 2008,
the Company operated a total of 1,353 stores in 47 states. The Company’s
merchandising categories include Consumables, Home, Furniture, Seasonal, and
Other. The Consumables category includes food, health and beauty, plastics,
paper and pet departments. NYSE:BIG Recent Price: $13.48
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BizAuctions
Sales Listings Increase by 14% for November 2008
BizAuctions,
Inc. recently announced that its items listed for
sale on eBay during the month of November 2008
increased by 14% over listings posted for October
2008. These items, such as big screen TVs, digital
cameras, and other electronics, included
excess inventory and returned goods which the
Company acquired through liquidation projects for
its clients. BizAuctions posted 3,586 item
listings on eBay for the month of November,
which represents an increase of 443 listings.
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BizAuctions
Lands New Contract to Provide Liquidation Services
BizAuctions,
Inc. recently announced that it has landed a new
contract to provide liquidation services to a
California-based home products company. The client
company sells high-end home products such as
lamps, tables, and other types of lighting
products. Under the agreement, BizAuctions has
been brought on to liquidate excess and closeout
inventory. With the excess inventory market near
$60 billion, BizAuctions is targeting an enormous
market and business opportunity while helping
companies solve one of their greatest problems.
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BizAuctions
Inc., (OTC.PK:BZCN)
BizAuctions,
Inc. is a prime provider of commercial
eBay liquidation services for excess
inventory, overstock items, and returns
for retailers, manufacturers, and
distributors. Their clients have
included some of the Nation’s leading
retail names at the forefront of their
industries.
Their
solutions address one of the greatest
problems of retailers and manufacturers:
excess inventory. With excess inventory
estimated to be a $60 billion drag on
the U.S. economy, they are a
full-service provider of liquidation
services through eBay.
While
excess inventory, returns, and overstock
items continue to plague the Nation’s
retailers and manufacturers, they are
committed to providing their clients
with an easy, efficient, and lucrative
channel for liquidation through eBay.
They provide their clients with a new
sales channel to generate additional
revenue on excess inventory, while at
the same time freeing up valuable
storage and retail space.
BizAuctions
employs two primary business models,
whereby it liquidates inventory through
eBay on consignment for a lucrative
commission; and/or it purchases
inventory at a fraction of retail price
for the purpose of liquidating it for a
profit. They consign, they buy, and they
liquidate through eBay!
Their
operations are designed for maximum
capacity, and they can handle most any
inventory liquidation project. Whether
the client is a Fortune 500 company with
1,000 items or a small business with 100
items, they can have the capacity to
take on most any project and recover
funds from their clients.
With
a long-term strategy to provide eBay
liquidation services to Fortune 1000
enterprises, BizAuctions is a clear and
lucrative solution for most any business
to liquidate its excess inventory
through eBay.
Their
eBay Liquidation Services Involve Three
Major Steps
1 -
They contract with clients and send
trucks to pick up pallets of excess
inventory, returns, or overstock items.
2 -
From their facility, their highly
trained staff uses software systems to
liquidate the inventory through eBay
.
3 -
They collect payment from the sale of
excess inventory
BizAuctions
is
a full-service provider. Their
operations are designed for maximum
capacity, and they can handle most any
inventory liquidation project. Whether
the client is a Fortune 500 company with
1,000 items or a small business with 100
items, they can take on most any project
and recover funds from their clients.
Detailed
steps include:
- Inventorying
all items
- Writing
detailed product description of all
items
- Taking
and editing high-quality photos of
the items
- Listing
the items for sale in front of
millions of potential eBay buyers
- Answering
all bidder questions
- Payment
collection and processing
- Packing
and shipping the items to the buyers
- The
best part? They collect payment from
the sale of excess inventory
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BizAuctions
Fees
Their
consignment services cost nothing unless
they sell the inventory. There is no
setup fee or upfront fee for using their
service, and it allows clients to fully
leverage their excess inventory to
increase revenue and generate additional
cash flow.
A
commission is only charged when the
inventory sells. They work with clients
to establish a pricing structure for
their inventory that will generate
interest and activity in the eBay
auctions. If the inventory does not sell
in the first seven-day listing, they
will re-list the items for a second
time.
When
the inventory sells, they collect a flat
30% commission on the final sales price.
Clients keep 70% of the total sale price
Sample
Sales Revenue Chart
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Sale
Amount
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Commission
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You
Get!
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$15,000
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$4,500
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$10,500
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$20,000
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$6,000
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$14,000
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$30,000
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$9,000
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$21,000
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$50,000
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$15,000
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$35,000
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$100,000
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$30,000
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$70,000
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$200,000
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$60,000
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$140,000
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LEADERSHIP
Delmar
Janovec, President, Chairman, CEO,
Secretary
Brent Crouch, CFO, Treasurer, Dir.
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