FAQ | BidRL.com

Got Questions?

How do I become a dealer?

1. Complete the online application
2. Prepare your CV and gather your personal financial information
3. Your BidRL.com dealer representative will contact you for an interview
4. Provide your BidRL.com dealer rep with your CV, personal financial information and any other information required when asked.
5. Schedule an interview with an executive officer of BidRL.com inc.
6. Sign your dealer agreement
7. Begin training

How long will it take to get my investment back?

Opening any new business carries risk, and as such, we cannot make any guarantees about return on investment. While there is always a possibility that you will never get your investment back, we can share what we tend to see with locations we have opened. Experience has taught us that it takes approximately twenty-four months for a new location to fully mature. Generally, the investment has been recaptured by the time a location reaches maturity. Naturally, we cannot guarantee results, and you may regain your investment sooner or later than this.

How much time does it take to open and run a location?

From the time you sign the agreement to running your first auction is 90 days. New dealers should expect to work 10 hour workdays five to six days a week for the first year. As your location matures and you and your team become more efficient, the demands on your time will decrease.

How does training work?

In the first phase of training, you will come to one of our company-owned locations and spend six to eight weeks working with our teams. You will spend time performing every job and task associated with running an effective location. You will be given a training outline and be given opportunities to perform everything on that outline. When the training is complete, and you are ready to open your location, your dealer representative will work with you your first two weeks. After all of that, your dealer representative will be available to call any time to get help with problems or provide answers to questions.

Where does the freight for the auctions come from?

As an independent dealer, you are free to get freight from any vendor or client you source. We have many large contracts with very large retailers and manufacturers, and we can assist with providing freight from those contracts at our contracted prices. We will also introduce you to companies in the industry from which you can source freight directly. It is not our goal to sell you freight at a markup and then collect a percentage of the sales off the site, it is our goal to help you source freight on your own, allowing you to be genuinely independent.

What percentage of my sales does BidRL.com collect?

BidRL.com collects 6% of your pre-tax total sales dollars (including buyer's premium). Please note that we charge a buyer's premium on every item we sell. An example of this would be we sell an item for $1 we would charge the customer $1.13 we would collect $0.07 for our royalty fee from the $1.13 that was charged.

What level of support can I expect?

BidRL offers industry training and existing corporate contacts for you to purchase freight. We assign you a dedicated dealer representative to help you get your location running and operating a peak efficiency. We also are continually improving our equipment, software, processes, and training program to ensure that you receive world-class support and the tools need to succeed. We provide semi-annual dealer meetings that allow you to learn about the reverse logistics liquidation industry. Finally, we provide updates on conferences that will enable you to make relationships and source your freight and learn more about the industry.