Sunday, March 8, 2009
Liquidation sales are not always a good deal because they are not designed to help the buyer save money.
"Doors Closing Forever" and "Everything must go" are catchy phrases to scam the consumer by creating a sense of urgency.
So what is going on behind a liquidation sale:
* Companies that are going out of business want to make maximum cash before closing for good.
* They hire liquidation experts, to organize the liquidation.
* Liquidation Company must detail inventory, set prices and discount prices, create warranties, run advertisements and more.
* It is not the store that is running this sale.
* Liquidation companies get in for a fixed amount or on a percentage basis.
Like all deals where middle men are involved, both parties are not going to get a fair deal.
Points To Remember While Buying In Liquidation Sale:
* Always compare the prices before buying, most items would be overpriced and discounted.
* All sales are final, so be sure with your purchase.
* Most items won't have proper warranty.
* Always pay with you credit or debit card. There is chance that your card company might help you in case of any dispute.
* Buy small merchandise and not like Camcorder or a Plasma TV.
Liquidation firms are not in the business of providing customer service to maintain lifelong customers.
They're in the business of selling whatever is left in a store as quickly as possible, at a price as consumers are willing to pay.
Once it's paid for and out the door, they'll likely do whatever it takes to keep merchandise from coming back into the store.