NoBetterBlog.comNoBetterDeal.com takes a look at your wallet.

That’s right! We are now starting to offer warranties for our electronic items.  NoBetterdeal.com has teamed up with Global Warranty Group (GWG) and will now offer our customers the option to purchase either a 2 or 3 year extended warranty.  

Any item that offers a warranty option will clearly display this information on the product details page.  You may select a warranty before placing the item into your shopping cart.  If you do not choose a warranty before the item is in your shopping cart, don’t panic.  You will also be given the option to add a warranty before you checkout.   

It is very important that our customers know that once the order is complete, they will not be able to go back and add a warranty.  Whether it is 1 minute, 1 day or 1 week later, we unfortunately cannot add this feature to a previous order at this time.  Therefore, we ask that you PLEASE decide whether or not you would like to buy the warranty before checking out. 

Any item that is purchased without a warranty will be covered by our standard 30 day return policy.  If the item is a refurbished product and a warranty was not purchased, it will fall under our 60 day return period.   For more information on these policies, please see the Return Policy section of Nobetterdeal.com!

If these people understood how and where we get our product, they probably wouldn’t be so skeptical.  I would like to take a minute to explain the background of NoBetterDeal.com as well as the behind the scenes activity that allows us to deliver a website with some of the best deals around.

NoBetterDeal.com was launched on February 10, 2009 by GENCO Marketplace, a subsidiary of GENCO Supply Chain Solutions, which works with retailers and manufacturers to liquidate their returned and surplus product.  GENCO Marketplace is a Better Business Bureau (BBB) Accredited Business with an A+ rating.  For more details, please click here.  Every day GENCO Marketplace liquidates more than $5 million worth of product, most of which is sold in carton, pallet and truckload quantities.  A select portion of new and like-new product is purchased by GENCO and listed for sale as single units on NoBetterDeal.com.  

According to GENCO Marketplace CEO, Robert R. Auray, Jr., “What makes this web store different is that we source our products from the secondary market.  Each year, billions of dollars worth of surplus inventory and returns are liquidated at a small fraction of their retail value, even though a majority of the goods are high-quality, fully functional items.  Because our products are sourced from quality liquidation stock, NoBetterDeal.com can offer discounts shoppers rarely see, even at the most aggressive clearance sales.”  In most cases, shoppers save up to 60% just by purchasing from NoBetterDeal.com instead of from their local retail store.

I am sure that you all have heard of the secondary market, but just in case some of you are unfamiliar with the term, I want to keep the bases covered.  The secondary market literally refers to a second market for goods, and the types of goods that we are talking about consist of customer returns, shelf pulls, overstock merchandise, discontinued items, out-of-season goods, etc.   These are the products that retailers and manufacturers have on hand that either came back to them or simply didn’t sell.  In order to make room for new product, they need to get rid of this merchandise and they usually want to do so in a hurry since it costs big money to store and handle it.  So more often than not, these items end up being sold to a wholesaler, like GENCO Marketplace, to be resold in the secondary market (or on NoBetterDeal, of course).

NoBetterDeal.com offers a variety of products with the largest presence in the electronics category.  Bargain shoppers can find flat screen HDTVs, laptop and desktop PCs, DVD players, iPods, home theater systems, camcorders, digital cameras and more at unbelievable prices.  Additional sections of the website include Kids & Baby, Sporting Goods, Furniture, House wares, Small Appliances and Health and Beauty, just to name a few.  And with the help of new accounts that GENCO Marketplace has recently brought on board – these product categories are expected to become more plentiful in the near future.    

Plus, with the newly extended 30 Day Money Back Guarantee on all items and a 60 Day Return Policy on Refurbished items – NoBetterDeal.com doesn’t leave much to be doubtful about!

You changed your mind, a piece was missing or it was the wrong size, wrong color or both – these are just a few of the many reasons consumers return items to the store.  You’ve seen those bins behind the counter that, at times, are overflowing with returned items.  In most cases, the retailer cannot put this product back on their shelves, even if nothing is wrong with it.  So where does it go? The secondary market.

Retailers and manufacturers want to get rid of this merchandise fast because it costs them a ton of cash to store and handle it.  Some of the bigger retailers, like Best Buy, have created their own outlet web sites and stores to sell their customer returned, damaged and liquidated products.  This works for them since they have the resources to manage it.  In most cases, however, the retailer will move their returns and surplus inventory to the secondary market, and they often do so for pennies on the dollar.  Then, wholesalers like GENCO Marketplace, buy the inventory and sell it to discount retailers or other small business owners who in turn sell to consumers.

Most recently, however, GENCO Marketplace has come up with an even better solution.  It was thought, “Why can’t the wholesaler offer these products direct to the consumer?”  Instead of having to travel to Big Lots, TJMaxx, Bob’s sidewalk store or the local flea market, GENCO Marketplace created a web store to offer shoppers some of the high quality returns and excess inventory that they liquidate every day and at prices they won’t find anywhere else.  It is fitting that the web site is called NoBetterDeal.com since consumers can instantly save up to 60% of what he or she would pay for the same item at retail price.  And with categories that span electronics, gaming systems, house wares, furniture, tools, kids and baby, sporting goods and more, who wouldn’t want to rack up the savings and shop NoBetterDeal before heading out to the nearest retail store?

If you’re skeptical about buying secondary market goods, don’t be!  Many of our Nobetterdeal.com customers have saved hundreds, if not thousands of dollars by shopping with us instead of going out to a nearby retail store.  You can get the same high-quality items delivered right to your door without ever having to venture out to a store. 

Take Matt, for example, a new homeowner and loyal buyer of NoBetterDeal.com – his story says it all:

“Buying a house is tough!!  Looking at houses, finding the right one, making an offer, settling on an offer, closing… it’s one big headache!  I just bought my very first house a few months ago and I was glad to be done with the buying end of things, but now I am broke and have all the wonderful things that come with owning a new house:  cleaning, fixing, painting, and furnishing!!  Yikes!  Sounds like another headache, right?  Well luckily for me I furnished a lot of my house with items that I purchased at NoBetterDeal.com!  I was able to get the same things that I could get in the store, online instead and at a great, reduced price!  I saved a load of cash when I needed it the most!  I’ve included some photos of items that I have purchased at NoBetterDeal so you all can see the great stuff that I bought and I get to show off my new house at the same time!   Now if I can only find a NoBetterPainter website!!”

- Matt, the new homeowner

Matt was also kind enough to provide photos of some of the items that he purchased from Nobetterdeal (below).  After doing a little bit of homework and working with Matt, we compared the original retail prices of these items with the deals that Matt got from us.  We think that you will be pleasantly surprised to see how quickly his savings added up!

Microwave Cart - White Retail: $103.99 NOBETTERDEAL: $46.80

Bissell 20Q9 CleanView II Plus Bagless Vacuum Retail: $79.99 NOBETTERDEAL: $36.00

Hamilton Beach Toastation - Gray/Black Retail: $34.99 NOBETTERDEAL: $18.60

White Kitchen Island with Natural Top Retail: $95.99 NOBETTERDEAL: $42.00

Samsung 46" LN46B650 120Hz 1080p LCD HDTV Retail: $1,247.00 NOBETTERDEAL: $799.99

Abby Pub 5 piece Dining Set - Espresso Retail: $989.99 NOBETTERDEAL: $259.50

Hamilton Beach 6-qt. Programmable Slow Cooker Retail: $49.99 NOBETTERDEAL: $18.60

Buying good stuff cheap is really the focus of advice offered on this blog.  But here’s a little secret.  Some folks who buy on NoBetterDeal.com resell the goods on eBay for a profit.  (Don’t worry, it’s legal.)  

Take David. He lives in Detroit and has built a growing eBay business, with customers around the country, selling product he buys on NoBetterDeal.com and other sites.  “I’ve been at it for three or four years.  I buy consumer electronics almost exclusively – mainly digital video cameras, but other products, too.  It’s a nice secondary income.”

 This isn’t new.  People have been buying from liquidators and reselling on eBay for years, but only those who could afford to buy in bulk.  In this tough economy, however, we’re seeing more people experimenting with eBay as a way to earn a few bucks.  They’ll buy a few individual items from NoBetterDeal.com and try their hand at reselling.  So NoBetterDeal.com is not only a place to find bargains, it could help you launch your own business!  Who knew? 

Keep checking back for more updates and advice on the secondary market.  After all, I do know a little something about the subject.

-Professor Jim