1. USBid Inc. Review of Excess Inventory Solutions
With a global customer base of over 750,000 users, USBid, Inc. is an excellent outlet for selling an inventory of
obsolete semiconductors and hard-to-find electronic components. The USBid.com Inventory Management Program
assists sellers in maximizing asset recovery, recovering cash quickly, and obtaining a greater return on outright
purchases.
USBid.com offers several methods for vendors to sell electronic components. For retailers without the experience or
time to unload excess inventory, consignment is an excellent option. USBid.com makes consignment easy. The seller
ships their inventory to USBid, which inspects, catalogs, and stores the components. The seller is provided with an
audited inventory and an assessment of the value of the merchandise. USBid.com promotes the products, attracts
buyers, and manages all aspects of the selling process. The company then sends the seller purchase orders for all
goods sold and splits the earnings with the seller.
Another option for sellers is credit. USBid.com provides credit for the electronic components at competitive market
value that can be used for later purchases. The credit is usually valued at four - five times the cash purchase price.
This credit can be applied as a lump sum for future orders or can be used to reduce per-unit costs for other electronic
components.
USBid.com also buys components outright for cash. The company provides the seller with a bid for the items to be
sold and then assumes all liability for them. This option allows sellers to easily recover costs from their inventory.
Payments are made quickly and, the selling company faces no long-term involvement in any further transactions.