Business Opportunities Weblog

Govliquidation.com: eBay for the Pentagon

By on November 17, 2012 in Featured

Govtliquidation

The auction site Govliquidation.com has been called “eBay for the Pentagon”. It lets civilians bid for surplus military assets — from tanks and generators to missile guidance systems and buses. The site has also helped a number of small entrepreneurs strike out on their own for next to nothing. Forbes has some of their stories:

A former marketing exec at dot-com flameout ValueAmerica, Phillip Ramsey began his honey-production business in 2005 with equipment sourced almost entirely from online auctions. Ramsey, 64, transports his beehives to flowering fields on a fleet of 30 M105 cargo trailers bought for less than $300 apiece. His initial $10,000 investment blossomed into a business with “six-figures annual revenue,” he says.

And another:

Irritated by inefficient cab service to and from the bars at Georgia Southern University, 20-year-old sophomore Jon Lockin decided to take the wheel himself. Two years ago, with his father’s help, he picked up a 28-seat military bus for a mere $1,800. Six months later three local cab companies were out of business, while Blue Goose pulls in around $100,000 in annual revenue, says Lockin.

Video of the Blue Goose after the jump.

auction government surplus

Business Opportunities Weblog editor and publisher Dane Carlson lives in the Sierra Nevada mountains of California, just 15 miles from Yosemite National Park. He accidentally became a professional blogger in 2001. He has added 12,203 posts to the site.

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  • Robyn

    Thanks for mentioning our company, Dane! Have you seen the other videos on our GovLiquidation YouTube channel? We have several for small business folks that I hope will inspire them to think outside the box. In this economy, creativity can be key.

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