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BIZAUCTIONS, INC (BZCN)
BizAuctions, Inc., enables commercial enterprises to liquidate excess inventory on eBay.
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| Recent Price |
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| Market Capitalization |
$423K |
| Est Float |
8.9M |
| Outstanding Shares |
141M |
| Quotation |
OTC.PK |
BizAuctions, Inc.
3440 E. Russell Rd.
Suite 217
Las Vegas, NV 89120
Phone: 702-214-4221
Fax: 702-214-4249
http://www.bizauctions.com
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BizAuctions Sales Listings Increase by 14% for November 2008
BizAuctions, Inc. recently announced that its items listed for sale on eBay during the month of November 2008 increased by 14% over listings posted for October 2008. These items, such as big screen TVs, digital cameras, and other electronics, included excess inventory and returned goods which the Company acquired through liquidation projects for its clients. BizAuctions posted 3,586 item listings on eBay for the month of November, which represents an increase of 443 listings.
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BizAuctions Lands New Contract to Provide Liquidation Services
BizAuctions, Inc. recently announced that it has landed a new contract to provide liquidation services to a California-based home products company. The client company sells high-end home products such as lamps, tables, and other types of lighting products. Under the agreement, BizAuctions has been brought on to liquidate excess and closeout inventory. With the excess inventory market near $60 billion, BizAuctions is targeting an enormous market and business opportunity while helping companies solve one of their greatest problems.
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BizAuctions Inc.,
(OTC.PK:BZCN)
BizAuctions, Inc. is a prime provider of commercial eBay liquidation services for excess inventory, overstock items, and returns for retailers, manufacturers, and distributors. Their clients have included some of the Nation’s leading retail names at the forefront of their industries.
Their solutions address one of the greatest problems of retailers and manufacturers: excess inventory. With excess inventory estimated to be a $60 billion drag on the U.S. economy, they are a full-service provider of liquidation services through eBay.
While excess inventory, returns, and overstock items continue to plague the Nation’s retailers and manufacturers, they are committed to providing their clients with an easy, efficient, and lucrative channel for liquidation through eBay. They provide their clients with a new sales channel to generate additional revenue on excess inventory, while at the same time freeing up valuable storage and retail space.
BizAuctions employs two primary business models, whereby it liquidates inventory through eBay on consignment for a lucrative commission; and/or it purchases inventory at a fraction of retail price for the purpose of liquidating it for a profit. They consign, they buy, and they liquidate through eBay!
Their operations are designed for maximum capacity, and they can handle most any inventory liquidation project. Whether the client is a Fortune 500 company with 1,000 items or a small business with 100 items, they can have the capacity to take on most any project and recover funds from their clients.
With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate its excess inventory through eBay.
Their eBay Liquidation Services Involve Three Major Steps
1 - They contract with clients and send trucks to pick up pallets of excess inventory, returns, or overstock items.
2 - From their facility, their highly trained staff uses software systems to liquidate the inventory through eBay
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3 - They collect payment from the sale of excess inventory
BizAuctions
is a full-service provider. Their operations are designed for maximum capacity, and they can handle most any inventory liquidation project. Whether the client is a Fortune 500 company with 1,000 items or a small business with 100 items, they can take on most any project and recover funds from their clients.
Detailed steps include:
- Inventorying all items
- Writing detailed product description of all items
- Taking and editing high-quality photos of the items
- Listing the items for sale in front of millions of potential eBay buyers
- Answering all bidder questions
- Payment collection and processing
- Packing and shipping the items to the buyers
- The best part? They collect payment from the sale of excess inventory
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BizAuctions Fees
Their consignment services cost nothing unless they sell the inventory. There is no setup fee or upfront fee for using their service, and it allows clients to fully leverage their excess inventory to increase revenue and generate additional cash flow.
A commission is only charged when the inventory sells. They work with clients to establish a pricing structure for their inventory that will generate interest and activity in the eBay auctions. If the inventory does not sell in the first seven-day listing, they will re-list the items for a second time.
When the inventory sells, they collect a flat 30% commission on the final sales price. Clients keep 70% of the total sale price
Sample Sales Revenue Chart
Sale Amount
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Commission
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You Get!
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$15,000
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$4,500
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$10,500
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$20,000
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$6,000
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$14,000
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$30,000
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$9,000
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$21,000
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$50,000
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$15,000
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$35,000
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$100,000
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$30,000
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$70,000
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$200,000
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$60,000
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$140,000
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LEADERSHIP
Delmar Janovec, President, Chairman, CEO, Secretary
Brent Crouch, CFO, Treasurer, Dir.
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Disclaimer
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