BidOnFusion's Presentation for the Midwest eCommerce Conference 2014
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Transcript of BidOnFusion's Presentation for the Midwest eCommerce Conference 2014
BidOnFusionPresentation Prepared
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Privately owned and operated, the BidOnFusion team has been providing auction and liquidation services since 2010 to leading US Retailers.
Key Metrics •Wholesale B2B Lots Auctions per Week – 1,000 to 2,000•55,000 + qualified wholesale buyers•Retail liquidation facilities located in Phoenix and Indianapolis (coming soon)
The BidOnFusion Difference:•Inventory sorted and auctioned off on www.bidonfusion.com •Unlike other online auctions, BidOnFusion provides liquidation processing facilities where inventory is prepared and sold, freeing up retailer’s space•BidOnFusion stands behind every sale to protect both the retailer and buyer
CategoryStandard Industry Recovery Rates*
BidOnFusion Recovery Rates++
CE – General 10% 16%
Lap Tops / PCs 25% 37%
Cell Phones / Telecom 25% 45%
Housewares 7% 12%
Sporting Goods 6% 15%
Hardware 12% 18%
Automotive 11% 14%
Home & Office 9% 21%
Toys / Games 12% 23%
Pet Supplies 7% 15%
The Proof Is In BidOnFusion’s Results
Recovery rates reported as a percent of wholesale cost * Recovery rate per customer feedback and industry data ++ Net recovery rates paid to Fusion’s retail customer
PROBLEM – THE CURRENT MODEL
In the current model top tier liquidators buy warehouse sized loads for $0.05 – $0.10 of the original retail price and sell the assets downstream in increasingly smaller loads.
Retailers / Manufacturers
Large liquidator pays 7% of retail, warehouse sized loads
Medium-sized liquidator20% of retail, truckloads
Smaller liquidator35% of retail, pallets
eBay/eCommerce seller50% of retail, boxes
Consumer 85% of retail, indiv. product
INVEN-TORY
Goods shipped toBidOnFusion Regional Facilities
Goods shipped toBidOnFusion Regional Facilities
The BidOnFusion Liquidation Model
BidOnFusion’s Data Driven
AuctionSystem
BidOnFusion’s Data Driven
AuctionSystem
End ConsumerEnd Consumer
Goods Sold to the Highest
Bidder
Goods Sold to the Highest
Bidder
• BidOnFusion moves inventory into our regional facilities.
• BidOnFusion sorts and preps goods to maximize sales.
• Over 95% of all product is liquidated via auction on bidonfusion.com.
• BidOnFusion doesn’t rely on small group of bulk buyers like other liquidators.
• We remove 2-3 levels of buyers from the liquidation chain, ensuring retailers get the highest recovery possible & buyers get lowest price possible.
SOLUTION – THE BIDONFUSION MODEL
Inventory
We use millions of historical transactions and combine these with variables such as time, location, condition, load type and category to determine how to achieve the highest recovery rate. Our baseline is the consumer and we work up from there. BidOnFusion grows smarter with each transaction.
BidOnFusion’s Website
BidOnFusion’s Website
BidOnFusion’s Website
BidOnFusion’s Website
BidOnFusion’s Website
BidOnFusion’s Website
BidOnFusion’s Website
BidOnFusion’s Website
BidOnFusion’s Website
Sebastian Baerend – [email protected](415) 756-6353
Julian Martinez – Marketing [email protected](650) 799-7557
Thank You