Presentation I gave for the Midwest eCommerce Conference on July 24, 2014 in Minnesota.
Name of Presentation: "What is BidOnFusion?"
This presentation details what BidOnFusion does, the products we offer, a description of the National Box Sale Program as well as the Warehouse Blowout Live Auction we had in Mesa, Arizona. The presentation includes a few slides illustrating the current liquidation model and how BidOnFusion plans to disrupt that model by turning it on its end. I've also included some screenshots of our website to show our products and upcoming auctions.
2. 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
3. Category
Standard 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
4. 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 liquidator
20% of retail, truckloads
Smaller liquidator
35% of retail, pallets
eBay/eCommerce
seller
50% of retail, boxes
Consumer 85% of
retail, indiv. product
INVEN-
TORY
5. Goods shipped to
BidOnFusion Regional Facilities
Goods shipped to
BidOnFusion Regional Facilities
The BidOnFusion Liquidation Model
BidOnFusion’s
Data Driven
Auction
System
BidOnFusion’s
Data Driven
Auction
System
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.
6. 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.
16. Sebastian Baerend – CEO
sebastianb@bidonfusion.com
(415) 756-6353
Julian Martinez –
Marketing Director
julianm@bidonfusion.com
(650) 799-7557
Thank You