BULQ Auctions & Liquidation

BULQ was established by its founders in 2004 when they saw a need to enhance the liquidation industry. Whether it was buying one thing and receiving another, difficulty with payment and shipment services, or lack of trust, they knew there had to be a change. BULQ Liquidation was created to provide better sourcing services for returned and excess goods, and as a way to make the industry more honest, efficient and sustainable.

 

BULQ Product Offerings

BULQ offers a variety of overstock and returned products in every category: apparel, home and garden, baby, toys, electronics and many more. Many of the products purchased from BULQ will later be used to resell on Amazon, eBay or other marketplaces. In addition, their merchandise comes in a variety of conditions, depending on which retailer provided the product. As a way to ensure all customers know exactly what they are buying before making a purchase, the product condition is listed in bold directly on the listing. The 5 product conditions BULQ offers are:

  1. Brand New. This is for never-opened, fully-functional products. These products are shipped in original manufacturer packaging.
  2. Like New. Fully functional, retail-ready products that have come into significant customer contact. At times, these products might not come in original manufacturer packaging or might be missing some supplementary accessories.
  3. Uninspected Returns. This type of product can be a few things. They can either be fully functional and ready to be sold for your eCommerce business, or they may very well not be functional at all, depending on the product.
  4. Scratch and Dent. These products have been inspected by the BULQ team and have been found to have either cosmetic issues or functional defects. Typically, these products do not come in original packaging.
  5. Salvage. These products are non-functional and need significant repairs, or can be used for various parts. These products almost never come with original packaging and are typically missing the manual and supplementary accessories.

BULQ Auctions

BULQ utilizes a purchase process similar to eBay. For every product offering, there are 2 options: Auction and Buy Today. Participating in BULQ Auctions is simple and only requires a few steps. Simply place a bid through the auction and wait to be notified. If you win the auction, you will be notified via email with a link to complete the payment and shipping details for the order. You must complete the order within 2 business days. Alternatively, if you don’t want to risk losing the auction, you can opt for the ‘Buy Today’ option and complete the order right away. With new inventory being listed 3 times daily (11 am, 2 pm, 5 pm), Amazon business resellers, eBay resellers, and Walmart resellers are guaranteed to find products that can net substantial profit margins for their online businesses.

BULQ Promise

The BULQ promise was created to establish trust with their customers. The BULQ Promise has 3 main aspects:

  1. Guaranteed accurate manifests. BULQ guarantees to provide a 98% accurate manifest. If the manifest is any less than 98% accurate, BULQ will refund the difference.
  2. Flat rate shipping. BULQ handles all aspects of logistics, including tracking and delivery to anywhere in the US. BULQ charges a flat shipping rate of $200 per pallet and $30 for a single case.
  3. Support. BULQ measures their success based on customer satisfaction. The BULQ team is available by phone or email to answer any question you may have, big or small.

BULQ and Algopix

With the variety of products and new listings being added daily, BULQ is an excellent wholesaler to source your products from. However, while different products might seem viable, you never know how a certain product will sell across different platforms and countries. That is why many eCommerce sellers utilize Algopix, a product market research tool, prior to sourcing products. With a connection to 16 international eBay, Amazon and Walmart marketplaces, Algopix is the dynamic research tool you need to ensure that you offer the right products to net the profit margins you desire. Algopix will analyze demand, marketplace fees, expenses (e.g. shipping, taxes, PayPal), and estimated profit margins. Additionally, the Algopix Total Sales estimator will provide insights on the monthly sales volume and the gross merchandise volume across Amazon, eBay and Walmart. The insights Algopix provides will allow you to make smarter business decisions, lower risk, and increase your bottom line.

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