| So you have found and purchased your lots | | | | The registration process goes quite a long way |
| wholesale. Now it's time to offer them for sale. If | | | | toward guarding against the fraud that has become |
| you already manage your own small shop or discount | | | | so prevalent in this online market. All sellers must |
| store then this is not such a big deal. It is all part of | | | | complete a formal Sales Agreement before their |
| your standard operating procedure. The "brick and | | | | products can be listed with lcom for auction. The |
| mortar" retail outlet has always been how products | | | | Sales Agreement outlines the seller's responsibilities |
| are sold to the general public. The store generally has | | | | and obligations. Failure to abide by the agreement can |
| it's customer base and the lots wholesale are broken | | | | be very costly to he offending seller. |
| up and the individual items sold at retail prices. Many | | | | The service fee is 15% of the final agreed auction |
| businesses have evolved to the point where a high | | | | price. It may seem a bit steep at first but the |
| percentage of sales are conducted over the internet; | | | | existence of this fee tends to keep the fraudulent |
| either through their own website or as a merchant in | | | | sellers away. Once the auction is complete, the buyer |
| some sort of web marketplace. | | | | has two days from the receipt of the products to |
| There exists a major alternative to the management | | | | inspect them and lodge a complaint; if necessary. |
| of your own e-commerce website. Many people have | | | | Should the complaint be upheld, the seller must pay all |
| successfully used the eBay site to effectively market | | | | the costs related to the return of the goods. These |
| and sell their goods. However, even though eBay has | | | | fees can add up and are another deterrent against |
| seen tremendous growth over the last several years, | | | | fraudulent sellers. |
| there is at least one other site of note that is | | | | takes responsibility for a significant portion of the |
| capable of effectively marketing and selling your lots | | | | supply chain such that the buyer and seller do not |
| wholesale. has emerged as a preferred alternative for | | | | interact. Arrangements for pickup of the goods are |
| many retailers. | | | | made by lcom with the seller. These arrangements |
| Known as lcom, this site has become quite effective | | | | can provide for pickup at the seller's private |
| for both wholesalers and retailers who want to sell | | | | warehouse. Alternatively, lcom could have been |
| their inventory cheaply. Lcom takes an entirely | | | | providing the warehousing facilities and services. |
| different approach to this than eBay. It has made it's | | | | represents the premium end of the online auction |
| name as a B2B marketplace focusing on reliability to | | | | marketplace of lots wholesale. Their processes and |
| both it's buyers and sellers. All buyers and sellers | | | | membership requirements cater to a large portion of |
| must be registered with the company and its | | | | the supply chain as well as guarding against fraudulent |
| website. | | | | sellers. |