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How to get big discounts on returned merchandise

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Posted at 3:42 PM, Aug 17, 2016
and last updated 2016-08-17 15:42:32-04
We've all done it: Bought something like a shirt, a computer or jewelry only to realize it doesn't fit or it's not what we wanted. So we return it.
 
Every year, $260 billion worth of items are returned.
 
That got us wondering, where does all the returned merchandise go?
 
Looking for the answer brought us to Liquidity Services in Plainfield, Indiana, a gold mine of returned merchandise. The company works with top retailers to resell items that are sent back.
 
Anything from clothes, iPads, tools and even sinks. You'll find it all and at big discounts.
 
You're probably wondering, can anyone get in on these discounts?
We asked, and the answer is yes.
 
The company has two websites that allow you to bid on returned merchandise.
 
Secondipity.com deals with individual products.
 
Liquidation.com is where small businesses and anyone who wants to buy items in bulk go.
 
Demand is high. Last year, Liquidity Services sold over 70,000 bulk lots.