New Jersey Liquidators Liquidation Strategies

Today, there are many situations where a business needs to liquidate assets and inventory where an auction is part of the process in recovering the highest return. For trusted New Jersey liquidators, liquidation via auction has proven to be a highly effective means of moving more expeditiously through assets for a business. Just as every business’ assets and every business are different, so too is every auction. Consequently, leading liquidators may use a mix of strategies for the auction process to suit the specific needs of each individual business and its assets.

While the process of advertising a liquidation to bring potential buyers to a specific location is still a proven methodology, the internet has also become a successful method. Online auctions enable liquidators to minimize costs and time while casting a much wider net for potential buyers than a single viewing location can provide.

In many instances of specific NJ liquidation, liquidators may use several different strategies. These include the traditional live auction, a timed online auction, or a hybrid auction that combines the live online and timed online facets to hit the most potential bidders. Unlike traditional auctions where a catalog listing items for sale is sufficient, the Internet requires additional descriptive information of the inventory as well as pictures of the items. The bidder on the other end of the Ethernet cable has to be able to “see and feel” the items in the auction to make an informed bid. This is especially true when working with collectible items ranging from coins or firearms up to specialized equipment and Real Estate.

It is the experience of the liquidation firm that enables them to determine whether a business’ assets are the best fit for a liquidation strategy involving an auction methodology. Only after they have thoroughly inventoried, inspected and priced the assets can’t hey make a final determination on the liquidation method (s) that will bring the highest return.

Ideal Trading Corp is a liquidation company in New Jersey that offers services for businesses to convert their assets to cash. With extensive experience in commercial liquidation and auctioning, we provide outstanding results for business owners who are going out of business, facing bankruptcy and more. 973.343.6684 – Contact us today!