Even in a recovering economy, the old adage holds true: One man’s trash is another man’s treasure. Together, the entire “secondary” market — including eBay, flea markets, Goodwill, national discounters and the liquidators themselves — comprise a $329.4 billion industry.
For instance, Overstock.com — which sells furniture, home goods, clothing and electronics — grew revenues by $214 million from 2010 to 2013. Liquidity Services, which resells government and business surplus, nearly doubled its revenues in the same period, an increase of $233 million.
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