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No matter where you will be reselling liquidation goods, i.e. Amazon, eBay, flea markets, or a traditional storefront, there are a few considerations one must understand and properly prepare for. Here are a few important issues in no particular order:
Logistics – The thought of having large pallets or even truckloads of merchandise delivered to your door can be a little scary at first. There are a lot of questions one might have when scheduling multiple pallets shipped by freight carrier.
Aside from freight costs, the biggest consideration when having pallets delivered is removing pallets from the truck. Without a forklift, a liquidation buyer must have pallet loads delivered with a trailer that is equipped with a lift gate. A lift gate allows the truck driver to lower pallets from the trailer to the ground. If you do not have a forklift make sure to request delivery with lift gate service.
Storage for inventory – A full 53′ trailer will hold 24 single stacked pallets. Standard pallets are 40″ x 48″ and stacked as high as 6-7′, depending on the type of merchandise ordered. If we do the math, a pallet takes up almost 13.5 square feet of space. A full truckload of 24 pallets equals 324 square feet!
To give you some idea as to volume, the average 2 car garage is approximately 425-475 square feet in size. You may be able to fit 24 pallets in a garage, but this would leave no room to sort and process merchandise; this is also assuming the garage was completely empty before adding the pallets.
Unsellable – While overstocks and shelf pull items (MOS – Marked Out of Stock) may not be damaged, customer return pallets will contain items that are damaged. You must have a plan in place for damaged items. Some items can be fixed, while others may need to be resold as is, or thrown away altogether. Items that cannot be sold due to condition affect overall profitability.
Missing pieces/parts – Customer returned loads, depending on the type of merchandise, will inevitably contain items that are missing parts and pieces. Some short items can be resold as is, while other items must sit in storage until you can order replacement parts from the manufacturer.
Brand & store resell guidelines – Some department stores impose resell restrictions when buying customer returns and shelf pulled items. Some restrictions to look out for are:
Cannot resell liquidated goods with a specified mile radius of store originated from. Example – Sears customer returns cannot be sold through a physical location within 50 miles of a Sears department or outlet store.
Store branded items must be defaced before resold. Example Macy’s Store brand Charter Club merchandise (clothing) must be defaced with a line drawn through the label
Some stores require liquidation goods to be exported out of the country
Most, if not all, department stores forbid liquidation buyers from advertising where goods originated from. For example, if you bought pallets of clothing from Macy’s you cannot use Macy’s in any form of advertising when reselling goods.
As you can see from the considerations above, it’s not a matter of ordering pallets of merchandise, and figuring out the details later. There is much preparation involved in working with liquidated goods. All of the topics and considerations listed above are discussed in great detail within the pages of The Liquidators Guide. If you want to learn about the industry from a liquidation expert, subscribe to our channel.
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I've bought return pallets that were from, K-Mart, Walmart, Kohls, Home Depot Etc... If you are a gambler -Go for it - but you are gambling! A lot of the times you will spend your time just trying to recover your initial cost of the pallet & sometimes you can do really well - sometimes you lose. This guy is right - don't dive into it. You need to know what you are doing. If you are struggling financially this is not a get rich quick solution.
A LOT of amazon liquidation is just sellers going out of business or it's just stock that didn't sell and the seller just didn't want to pay amazon to return it so they have amazon dispose of it. Most of it is perfectly fine with nothing wrong. Broken stuff you can part out and sell parts.
It obviously depends on the liquidation place. You could theorize all you want about how often a returned item is defective or whatever, but I have come across several liquidation sites that clearly weed out a good percentage of the working items even though technically they are supposed to be unchecked.
I'm thinking of doing some lot purchases to have a few gifts on hand (so what if the package is destroyed.... That's what gift boxes/bags are for). and items that I use or need that I might otherwise have to purchase new. If they work, so what if they may not be perfect. Items that aren't useful to me, I can have periodic yard sales, parts sales, etc. Even giving something to a family member or friend who might need something. And fixing things....I dumpster dive... Wouldn't be the first time I've repaired something. I'm looking forward to starting soon.....
When something seems too easy, no sweat way of making money. Be ware. There's some part between the buying of the product and the shipping off to the customer that you're missing. It's never that easy.
If u know those mass couponers in your community you can actually buy there extensive overflow of new merchandise and resell in small store booths online for those who make gift baskets care packages welcome wagon gifts and even gift certificates to your website where you can sell say laundry soap housewares tp razors shampoo and so on they pay Penny's you spend quarters on the dollar and sell still below retail and many ppl will buy from you if you are in fact cheaper
Buy only stuff you would use yourself if you don’t sell it. There may be some brand new returns of customers who changed their mind, but there is also broken crap without any value. As a customer when I buy stuff I want warranty and service if needed. This business is liquidation without any, so I would not pay much for any of these item, except for stuff that retailers don’t give any warranty anyway like music instruments and amplifiers
A relative of mine used to handle customer returns for JC Penney, so I've heard a lot of stories. Clothing is often returned by women, after being worn once. There are also people who will buy two similar items, like sets of towels in different colors so they can see which one looks best in their room, and return the rest. However, there are also people who will return things after they're worn out, like a customer who returned a set of drapes, after they became severely sun faded...
Hahaha I am confused. Are you try to tell people not to buy?
These site tell you and every where you look they state that product might be damaged or missing parts.
I think you are just trying to stop people from doing this so you can have more.
You are a bonehead!
Why would you throw away 30% of the items if you can't fix them?, instead just round up all the shit broken stuff and sell it in one big ebay auction as 'faulty spares & repairs' and let the next mug buy it all thinking he can make a profit out of it.
Beware of Direct Liquation/The Recon Group out of Florida. If you are an Amazon FBA seller or Ebay seller looking for product this is not the place. Of the 3 different pallets they sent me, all of them had inaccurate inventory on the "manifest" they give you. For instance I purchased 30 Recoil Starter sets. The manifest they sent me gave that information. However what showed up was 16 Recoil Starter Sets and 6 X Laser; a far cheaper brand. Not only were the brands wrong but the total number included were wrong. Direct Liquidation refused to reconcile or admit fault even when I sent pictures. Of the product they send 60% immediately has to go in the trash. This is not product you can resell as it is entirely broken.
The worst part is the shipping. Jordan Hall was the sales agent I worked with. When I asked how to get the product shipped to me he introduced me to a company called FreightQuote and said they would take care of me. Direct Liquation provided me the pallet weight and size via email. However; being the sneaks they are they declined to write a freight class. When I called Jordan Hall to verify the freight class he assured me it was 50. Once the pallet was delivered to me I got a bill for an extra $110 because the dimensions "I had given" were incorrect. I showed FreightQuote the email Direct Liquation had sent me with the pallet information and they said it was incorrect and provided actual pictures and measurements. I sent this back to Direct Liquation who said Freight Quote was wrong and that I'd have to pay the money for "my" mistake. Freight Quote had the proof but Direct Liquation wouldn't help. I got stuck with the bill.
At the same time I was working on another load. I didn't know how bad these guys were yet. This time I used UPS to ship my product. I again got an email from Direct Liquation/The Recon Group with the pallet weight and dimensions. I called Jordan Hall and asked what the freight class was. He told me that it was 50. I verified because I didn't want to get it wrong. UPS quoted $251 to ship my pallet. Now; 2 months later I got a bill for $1,068. UPS is claiming that the freight class was 250. Never once did they call to inform me they'd be charging me 4 times what they quoted me. They just sent me a bill.
When I brought this to the attention of Jordan Hall he became very defensive and claimed he never gave me any such information and I was the one that made the mistake. I explained that he was the only place I could have gotten the infomation on weight, dimenstion, and class and I didn't have the pallet in front of me and his team did. He told me I should be more careful in the future.
I will be. I hope you will be too.
Please do not buy from Direct Liquidation or The Recon Group out of Florida. The stuff they sell is junk and you'll be luck if you don't loose your shirt.
From this point on when I am interested in something on EBay I will be contacting the seller. The last three purchases were from pallets. Every item was missing something. Yes it looked new to the seller but no way the seller can know everything about all that random stuff. If it’s from a pallet I’m going to assume there is something wrong or missing.
I seen a video where a person bought a pallet. One thing they ended up getting is some sort of a fan device with temp control for a baby. The device ended up having a recall on it cause of a fire could happen. They ended up saying if they would have sold it and something would to happen. They could have came back and took them to court over it.
Those who buy's pallet's should really check each item very close and if it has a recall or not. I just hope people just don't blindly check ebay for a price and just end up posting their item for sale. If you end up selling the item and it had a recall and something would to happen. It could very well come back to bite you on the rear end.
What's the point of this video? You say when will this pallet buying stop. Then you say you can make lots of profit. Scaring people off so you may get the pallet you want. Less buyers meaning more pallets for you.
well put Rod, plus if your starting, you need the space to store, sort, catalog it, and fix. as pointed out above, it takes a lot of space. and while you are doing that, your money is tied up and your buying parts. your money is tied up, your time is being tied up. time is money, even if family helps, there is a cost for that. then how will you move/sell the products? flea market? backyard? out of trunk. is your insurance aware of what you are doing? will cover when you say i lost 4 pellets a fire. a lot of thinking, planning to be done first . start slow, learn from hanging out with those in the bizz. be aware of liability if you sell something that causes harm. remember the old question, you watch those vids and go, 'wonder how many bought of crap/bad stuff but dont show that part, just upload the good ones. like the old storage wars shows. they mostly showed the willing locker than tend to hide the dudes. a few do well and many dont.
METALMAN4Wii so? If he was buying returns then you automatically budget for 15-20% defective, that's normal. Even the trash had value. A completely broken TV, computer, laptop, camera, etc, all have parts to tell when if they are trash. If he tosses $1750 with if wholesale that just stupid. He probably could have broke even in that party if it and on the other $5250 in wholesale product he had $15k-25k in retail products. He's still going to double his money if he legitimately tries.
Thank you for coming out and being honest with people and telling us things we need to know. Alot of the pallet sellers on YouTube I see don't know what they are doing. I'm going to be linking alot of YouTube people to this video. They need to learn.
Clickbait.... I have a personal friend that owns "South Georgia Liquidations" in Waynesboro, Ga. and he's honest, and hard working. He sell pallets and has LOTS of happy customers that buy pallets or entire loads. This youtuber must have never tried buying from recommended sources...
Buying random pallets and testing and storage and listing and shipping is alot of time and effort and labor and risk.
I did this back in the early/mid 2000's with wholesalers and eBay, but never on the Pallet level.
I have watched a guy from work who he and his wife thought they would get into this. I gave them advice and they ignored me. 5 months later he was ready to sell it all to me. His wife keeps buying these pallets. They have no idea what they are doing. If they make a few hundred bucks they stop selling. Real smart. Then she blows the money. They had so much he had to buy a straight truck and a storage unit to put it all. He brags if he sells a thousand bucks, but forgets that he pays for storage, insurance for his truck and gas to go get it. I sell 4 to 8 times more than they do and don't have to leave the state. I have enjoyed watching them fail. They do everything wrong. I mean everything. Pictures taken in the dark, poor descriptions, buying more than they sell, only listing a few dozen items a month. 3 years later and they have learned anything. They had to take a 8 foot truck bed full of stuff to dump recently because these dumb pallet lots. All garbage
I know at BULQ you basically know what your getting. If you buy scratch or dent boxes it tells you what’s wrong with it. Also bulq works with you if it’s something totally trashed. Some people don’t research and may not understand what they’re getting but most people understand.
My neighbor just bought 8 pallets of returns and he got ripped off. Return means busted, broken, or parts missing. 95% of his stuff is busted, or parts are missing. He will be lucky to get his money back on it selling what does work. There are places that sell pallets with all new merchandise on them, they cost more, but the stuff is new, not returns.
Ok I hope this helps People Make Money easy just like this..I'm in California so in Lakeview terrace / slymar area they have a swap meet / flea market this Lady sells Electronic Tooth brushes Make -Up Nail polish etc for like $5 but they are worth $100 at store you can sell them for $80 they are still in package good items.
So you buy the item look up price then sell it on eBay . My friend does this all them time he made like $80,000 easy trick is to buy small items. Most people in Texas and east coast buy these things from what I see .
The lady buys the big pallets from warehouse out in city of industry on Stimson and Gale MBA Trading group.. You can look it on google . . But I see what she did all she does is break up the pallet sells the pieces makes some money at the swap meet . But pallets are like $1,000 or more it's all go backs from CVS KMART stores like that..
They have these warehouse all over and will sell you pallets but make sure you do the math so you can make a profit ..
Hope this helps people ..
Truck loads of unprocessed, direct from distribution hub general merchandise from big box retailers available. Look us up on Facebook- WV Merchandise Pallet Liquidators!!! Also at 304 4191858. Located in WV, dealing primarily in the Northeast and surrounding areas.
That's why you go to stores that sell this stuff and buy it from there. Key thing don't buy anything electronic. Endless if you wanna take a chance. The store I go to you can literally check most items out and see if they function and look at the condition.
Working in retail prior to reselling helped me get a good idea of why the majority of people return items which helped make it easy for me to take the risk, but if someone doesnt think theres a risk of getting shit in a pallet or box then they dont belong in anytype of business. While most of the returns ive seen were simply because people wanted to try it to see if they really needed it or only needed it for one time use there were items returned that were broken in package. Shit ive even salvaged out TV's and consoles because thats what code the system brought up even if the tv or console work fine.
Hi. We read the manifest on the pallet. Did the research but when we get to testing the items. But 85% of the items are not working / broken and damaged.
Would be made a good profit of anything is work.
We should just go next time scrapyard and pay for a pallets of rubish.. £550.00 pounds..
You got it, I am seeking attention. Too many people get into the secondary market with over exaggerated expectations. There is a tremendous learning curve to navigate to success processing/selling goods that re-enter the supply chain. Best way to profit from the industry? (1) Take your time; (2) know what you're buying; (3) develop long term relationships with suppliers; and (4) understand that the biggest profit comes from the knowledge one will learn after a first/second purchase. Thanks!
Emmanuel perla unless you live in hawaii I'm trying make up this time cause it's all still wrapped up... can't return open makeup. Next I'm doing Powertools cause pissed off wives will make me money. lol
How? Literally no one buys books anymore. I try to sell books and they don't sell. Maybe textbooks in good condition that you can resell to online used textbook stores. But what pallets would have that
My buddy at South Georgia Liquidations sells pallets and loads. When he opens a pallet for his store front, he throws away the broken crap, he doesn't try and pass it off to people at an auction... thats bad for business and the industry of resellers...
Anybody that doesn't understand this should stick to their day job haha. If you think there isnt risk involved in any business you're diluted to shit. Even these retail stores receiving manufacturer direct accumulate a percentage of loss/damage due to defect or handling. Good video.. I gave it the thumbs up. Stay up brother.
very good information dude! I kind of have an idea of what these pallets are like but most people either are too excited/optimistic or too angry/pessimistic about them. They are definitely big risk and big reward. Thanks for the last tip though, I would definitely check out my local liquidator centers. All good things to you!