A cornerstone of DealDash has been helping our customers save money. If you’ve had the chance to bid in a DealDash auction, you probably noticed significant savings in comparison to what you would typically find in a big box store or at the mall. But have you ever wondered how we do it? It all starts with our trusted network of DealDash suppliers.
Keep reading to find out all about the DealDash suppliers, how we work with them to pass savings on to you, and a special weeklong liquidation event starting soon on DealDash.
Great suppliers create a win-win-win relationship
Since 2009, we have partnered with dozens of companies from around the world to fuel the auctions that you know and love. Want to take a guess at how many items we have brought to auction with the help of our suppliers? Over 2 million! Our efforts have not gone unnoticed either as we were awarded the “Best Excess Inventory Liquidation Service – USA” award at the 9th annual award ceremony held by Global Brands Magazine.
Awards are nice, but our supplier partnerships serve a much more important purpose; obtaining a diverse product catalog that can be sold in our online auctions at far below retail prices, on average. In fact, we look at the partnerships with our suppliers as a true win-win-win scenario. Our suppliers win by being able to move large amounts of excess inventory without destroying the value of their brand. We win by having access to a variety of brands and their products from all around the world to fill our auctions win. And last but certainly not least, our customers win by being able to bid on and win these products that are often sold for a fraction of the suggested MSRP price.
A partnership that goes beyond savings
Perhaps the best part of our partnerships with the DealDash suppliers is that the benefit goes beyond a great deal. It is more important than that. For starters, we are motivated to help companies avoid having to discard and destroy unsold merchandise. The practice of destroying excess product is unfortunately all to common, and many brands have come under fire in recent years as videos showing luxury jackets being slashed or purses being burned go viral as they are shared online.
The reason brands resort to destroy items is to maintain pricing power. Imagine if a luxury purse company discounted last year’s bags at 50% off the normal MSRP price. Savvy customers would take note. They would simply wait for an end of the season sale to get a great bag at a nice discount. So instead of discounting items, some brands destroy them instead. This way they don’t have to lower prices to move goods. We help them solve that problem by purchasing excess inventory from them and then auctioning it off. We never list products below the MSRP without the permission of the brand. Only the auction winner may purchase the item at the final auction price, everyone else has the option to purchase the item at the “Buy it Now” price, which is set at the MSRP unless otherwise agreed with the brand.
Don’t miss out on Inventory Liquidation Week on DealDash
June 6th to June 13th is the perfect time for you to get on DealDash. That week is Inventory Liquidation Week. Each day we run multiple auctions at the same time for featured liquidation items. We’ll also make the auctions more exciting than ever by offering big discounts on the final sales price of the auction. This means that the winner will be entitled to 50% or even 90% for select auctions. You can find Auction Leaderboards that reward bidders with free bids for collecting time as highest bidder during an auction. We will be offering our Runner-up discount to second place finishers in select auctions, too! And if all that excitement isn’t already enough, keep your eyes on the No Jumper Limit during Inventory Liquidation Week: sometimes it will be lower than the normal $5.
We hope to see you in the auctions, and thanks for being the best part of DealDash.
If you are new to DealDash or the bidding fee online auction model and want to give it a try, use the promo code “dealdash2022” upon registration to get an extra 100 free bids with your first Bid Pack purchase.