Congrats, you’ve signed as much as promote merchandise on B-Inventory Provide! So, now what? This text will stroll you thru among the fundamentals behind how auctions work, posting your individual auctions, how charges work, and a few normal guidelines.
In the event you haven’t already accomplished an software and want to begin promoting, please go to right here.
Public sale fundamentals
All transactions on B-Inventory Provide are in public sale format: patrons from our community bid and compete in opposition to one another to win your stock lot (suppose eBay however for business-to-business transactions). A lot is the stock that you just’re itemizing within the public sale, for instance, a pallet of sneakers, or a full truckload of washers. The worth of every lot ought to have a advisable minimal itemizing worth of roughly $5 to $8,000 unique MSRP.
Auctions on B-Inventory Provide begin at $100; that means, a purchaser should bid at the least $100 to enter the public sale. It could sound low, however a low beginning bid worth truly will increase the variety of patrons that take part within the public sale; the extra patrons that take part within the public sale, the upper the pricing. In the event you do require a begin worth increased than $100 please contact vendor assist at [email protected]. Learn extra right here on why a low begin worth public sale technique works.
Submitting an public sale itemizing
Once you’re prepared to begin promoting overstock merchandise by B-Inventory Provide, step one is to create your individual public sale itemizing; that is performed through your non-public on-line portal (log in through www.bstocksupply.com/admin). When you submit your public sale itemizing, it is going to be reviewed by the B-Inventory Provide Listings workforce; if the listings workforce doesn’t discover any points together with your public sale, it is going to be permitted and scheduled to go dwell. Sit again and watch the bids are available in!
Public sale Schedule
All auctions on B-Inventory Provide run for 2 enterprise days; we suggest itemizing in the course of the weekdays with public sale open and shut occasions throughout regular enterprise hours. Initially, Provide sellers are restricted to 3 auctions per week. After you might have efficiently offered 5 auctions (and accomplished the transactions), you possibly can listing as many auctions as you want.
How Cost + Delivery Works
B-Inventory handles fee between the customer and also you, the vendor. All transactions are made through wire switch: the successful purchaser wires the cash to B-Inventory, we then notify you that the customer paid. Provide sellers are paid the complete greenback quantity of the successful bid; B-Inventory’s share is generated by a ten% Purchaser’s Premium.
Right here’s a fast breakdown of the method:
- The successful bidder has as much as 4 enterprise days after public sale near ship fee to B-Inventory (we ship fee reminders to the vendor up till the fourth day).
- After B-Inventory receives fee from the customer, we ship you, the vendor, a Buy Order (PO) electronic mail with the customer’s contact data and delivery handle.
- Vendor then ships the stock to the customer: free for the customer, mounted, purchaser arranges, or binding delivery.
- As soon as B-Inventory is notified by the customer that the lot was acquired and permitted, we’ll course of fee inside 4 to 5 days.
Transaction charges
For every itemizing on B-Inventory Provide, there’s a $50 transaction payment.This transaction payment is roofed by the Purchaser’s Premium (as described above) until the lot sells for lower than $500. When that occurs, it’s the vendor’s duty to cowl the remaining steadiness. For instance, if quite a bit sells for $400, the remaining steadiness can be $10.
Guidelines + Greatest Practices
Belief between our sellers and patrons is extraordinarily vital and we wish to guarantee the most effective on-line market expertise attainable. Listed below are a couple of guidelines to pay attention to earlier than promoting on B-Inventory Provide. Violating any of these things may end up in additional charges and even elimination from the positioning.
Cancelling auctions
After an public sale begins, it’s extremely discouraged to cancel. Doing so will lead to a payment of $50. If an order is cancelled by the vendor for any purpose, then a payment of 20% of the closing worth, or $100 minimal, whichever is larger, shall be charged. Repeated cancellations could result in vendor elimination.
Don’t bid by yourself heaps
Sellers usually are not allowed to bid on their very own auctions, doing so could trigger the vendor to be faraway from the positioning. B-Inventory fosters a neighborhood of transparency with our public sale platform. If a purchaser discovers they’re bidding in opposition to the proprietor of the lot, they are going to lose belief.
Work by B-Inventory, in a roundabout way with patrons
You aren’t allowed to bypass a transaction with B-Inventory, solely to work immediately with the customer.
Examine right here for a full listing of Phrases & Situations.
Study extra suggestions for Promoting on Provide
