We had the pleasure of meeting the BidOnFusion team at SCOE Seattle and were quite impressed with the company and their recent success. Over the course of 16 months, they’ve won contracts with top tier retailers; partnered with regional and international liquidators; ran hundreds of auctions; and built a buyer base of nearly 100 thousand users.
What do they do?
BidOnFusion is a marketplace for returns and capital assets of Fortune 1000 retailers and manufacturers. What this means is that the company is able to secure products from large retailers like Walmart, Alibaba.com, The Home Depot, Wayfair and Macy’s that have been returned, out of season, etc. The inventory is then offered in a variety of categories and size allotments for sellers to bid on.
What’s unique about what they do?
In addition to being a great product source for sellers, their services have a very ‘green’ side effect. Products that are returned, but working perfectly fine, are kept out of landfills. Plus, their ability to process returns and take inventory off the hands of large retailers offers a win-win for everyone.
How does it work?
BidOnFusion sources merchandise directly from retailers like Walmart, The Home Depot, etc. and breaks them down into different formats like Hot Boxes, Skid Lots and Bulk loads for sellers to bid on. This eliminates higher channels of the liquidation pyramid and allows the company to offer product directly from the retailer to sellers - helping to keep your profit margins high.
What are their customers saying?
During a recent interview on eBay Radio, Sebastian Baerend, Founder of BidOnFusion, was able to provide a real-world customer success story. Kat “That Kat” Simpson, a trusted speaker, educator and e-commerce entrepreneur, purchased 21 boxes for around $700, spent approximately $200 in shipping costs, and is expected to make $10,000 or more on these items!
by Samantha Warner