A Steal Of A Deal Sourcing Resale Goods At Police Auctions

< span                            police department holds auctions   class="cap">While       to make it available to the        many online retailers cite      public." The type of merchandise   auctions as an inventory source,      you can find varies widely - from  most overlook police           furniture to jewelry to            auctions as a resource for            electronics to vehicles. Although  high-quality resale items. But if     many of the items are unique,      you sell products online, police      it's not uncommon find bulk lots   auctions represent a tremendous       being auctioned off as well.    opportunity for you to find all        According to Keck, there are    kinds of saleable products.           two types of police auctions:      Hundreds of millions of dollars       live and online. Each offers a     in merchandise are auctioned off      different experience and set of    annually, and you can purchase        benefits for the attendee.      many of those items at a tiny          • Live auctions involve  percentage of their retail value.     fewer bidders, and provide a       Exactly where do the goods at         preview period during which you    these auctions come from?             can examine the goods up-close,    Explains Bill Keck, founder of href="http://PoliceAuctions.com"      identify lots you expect to have   title="http://PoliceAuctions.com"     good resale value. Once you have   target="_blank">color="#001000"                       your cell phone, laptop, or PDA    size="-2">http://PoliceAuctions.c     to check the online product        om, "Police auctions       market. Look to see the market     usually deal in property that's       value, the level of demand, and    been seized from criminals, or        the kind of competition you'll be  abandoned. The property is            up against. Understanding this     cataloged and held for a time;        information allows you to develop  and then, periodically, the           a successful bidding               strategy.                          advertising is usually the         • Online auctions are       classified section of the          easier to locate in advance than      newspaper. This lack of publicity  their live counterparts. They         makes these events difficult to    don't involve opening bids,           track down; but it also means      auctioneers trying to incite          that, for those who find them,     bids, or travel time or expenses.     there won't be a lot of            Many allow proxy bidding, which       competition running up the         can save you even more time. And      bids.                           since you're already online,           One option you have is to       doing your market research is a       simply call your local police      piece of cake.                     department (not 911) and    The good news is that most         ask about upcoming auctions. You   police auction lots have no           can also sign-up for a             minimum bid (or reserve)              subscription service, like attached. This leaves you room to     href="http://PoliceAuctions.com"   find some high-margin deals.          title="http://PoliceAuctions.com"  While a live auctioneer may try       target="_blank">to open the bidding at a certain      color="#001000"                    price-point, if no one responds,      size="-2">http://PoliceAuctions.c  it will come down and continue        om or coming down until someone jumps       href="http://GovernmentAuctions.o  in.                                rg"                                The bad news is that police        title="http://GovernmentAuctions.  auctions aren't well-publicized,      org" target="_blank">so finding them can be a              color="#001000"                    challenging task. Most police         size="-2">http://GovernmentAuctio  websites, if they include auction     ns.org, which will      info at all, don't update it          supply you with a centralized      frequently. Their next tier of        source of event information.    Police auctions take a decided     Authoreffort to track down, but the         id="authorbio"                     value they offer more than makes      class="membersnoticewhite">Produc  it worthwhile. If you take the        t Sourcing Radio is Created and    time to understand what you're        Hosted by Chris Malta and Robin    buying and what the value of          Cowie of those items is, you can find some     href="http://www.worldwidebrands.  very high-profit buys for your        com">WorldwideBrands.com,      e-business. Says Keck, "Whether       Home of OneSource: The Internet's  you're looking to diversify your      Largest Source of Genuine,         product line or just find             Factory-Direct Wholesalers for     high-margin items to resell,          online sellers. police auctions provide a unique      href=http://www.worldwidebrands.c  opportunity to go outside the box     om>Click Here for more FREE    and source some truly profitable      E-Biz & Product Sourcing           products."   end>About the                       Published At: www.isnare.com Permanent Link: http://www.isnare.com/?aid=245434&ca=Internet Article Tags: auctions, find, police ...Archive >>