Auctioning Off Government Surplus Online with Greg Berry of Municibid and Surplus.com

16 May 2024 · 41 min
41:24

In this conversational interview, host Speaker B talks with Greg Berry, founder and CEO of Municibid (also referred to as Municibid/Surplus.com), about the niche online marketplace that helps U.S. municipalities sell surplus government assets. Greg explains how the platform originated from his experience on a small Pennsylvania town council, where he noticed municipalities were selling assets for pennies on the dollar. He describes the types of items sold—most commonly used police vehicles, heavy equipment, even bridges, log cabins, and creative repurposings like an ambulance turned into a tailgating rig or fire‑hose‑made accessories. The discussion covers the early, slow growth of Municibid, the pivotal role of referrals and targeted marketing, and the challenges of onboarding government sellers versus attracting buyers. Greg outlines operational best practices for listings, pricing, and auction formats, and contrasts Municibid’s compliance‑focused, government‑friendly approach with consumer platforms such as eBay, Facebook Marketplace, and traditional live or sealed‑bid auctions. He notes industry trends toward online bidding, the platform’s ability to beat trade‑price offers, and the launch of a new B2B marketplace, Surplus.com. Personal anecdotes reveal Greg’s motivations—solving a systemic undervaluation problem for taxpayers—and his off‑time passions, including RV road trips across the desert, music, and a love of the outdoors. The interview wraps with rapid‑fire reflections and advice for aspiring entrepreneurs.

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