What is a wholesale auction?
Wholesale is the term for selling goods to retailers or businesses, rather than selling the goods directly to consumers. Wholesale transactions usually involve a large quantity of products at a reduced cost per unit.
Wholesale lots of electronic goods are often available at auction. Items may be new stock in the original boxes, refurbished products, or broken equipment suitable for spare parts. Consumers need to read lot descriptions carefully to establish if the contents of a bulk lot match their requirements.
What are refurbished electronics?
Many manufacturers refurbish electronic equipment and offer them for sale in bulk lots. The manufacturers clean and repair the products that consumers have returned, and then sell them. The difference between refurbished goods and used or secondhand goods is that the manufacturer tests refurbished goods to ensure they are free of any defects and meet all applicable health and safety standards.
Factory seconds are similar to refurbished goods. They are products with minor faults that the manufacturer offers at a reduced price to avoid discarding them.
Why buy wholesale electronics?
The main advantage of shopping at wholesale is the excellent value. By purchasing in bulk, it is possible to get products at a lower cost. For example, replacing batteries in electronic devices quickly becomes expensive, but by purchasing a bulk lot, it is possible to get a reduced price and a good shipping rate while also benefitting from the convenience of having a large supply.
Purchasing used or broken products is a good way to acquire spare parts for anyone who enjoys fixing old electronic devices, or making their own inventions. Such lots are also useful for collectors who want to add rare or out-of-production products to a collection, or who want to rapidly build a collection for display.