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You need to make 2 things about liquidation very clear. That shipping to a residence and needing a lift gate adds $80 to the cost. Shipping on most cases is about $40 base price, and shipping on most pallets is ~$130 base price with a bunch of other random fees that can be tacked on.
Just picked up a case from Bulq of 8 different pairs of Premium Sennheiser Headphones for ~$800, wish me luck reselling it.
There is no wrong market. It all depends on where you source and buy cheaper than everyone else. The product makes no difference. I never sold on Amazon but I have done business. Find big sellers cheaper than the next guy. Simple business.
+RockstarFlipper Casey its all about buying the right stuff as you know but i found them threw SALEHOO back then and when i first brought from them they were just a small site but i started with mini dvd players and 7"computers i remember selling on ebay for like $60-80 bucks a pop and paying 20$ a piece also i used to buy those 300 game loaded mini Nintendo game systems you know the ones loaded with multiple ol,school games and they were like $5 a piece and sold those for $25 each so all in all there are a ton of hidden nuggets i have the DHGATE APP on both phones i primarily buy earrings and lingerie in bulk.
Those site are ok but your better off going to a company like South Georgia Liquidations in Waynesboro, Ga. I can go right up to the pallets and examine them. I know what is there. They have some really good deals on some Amazon pallets that they manifested. One was ~$1600 on Amazon and it's selling for $500.
I have had pretty good experiences with DHGate. They have a good system with buying, where they will hold your payment until you have received your item (or 30 days after ordering). They have a pretty good dispute claiming system, and generally the sellers can resolve an issue you may have with the product. I have had one issue with one LCD screen I received in a set, I did try to contact the seller, but had issues with translation and the way they wanted contact to be made. However, the price was so low with the screen to where I just let it be.
American pallet liquidators. My experience
Drove all the way down from Michigan . Looked over all the skids.....the ones where I could see in the top looked more like a dumpster than anything with any resale value.
I did end up purchasing a pallet for $299 ($367 after taxes and fees) Here's a short summary of what I got.
A TV stand that was missing the hardware so it could not be assembled
A Mainstays 6 cube organizer with the screwholes blown out so it could not be assembled
A Mainstays 2 drawer / cube organizer. At least that's what the box said. The contents was a random hodge podge of broken sauder shelving in several different colors. Junk
An ice maker that began screaming when I plugged it in.
A Walmart box that contained used coloring books, water hats, and toys pieces .
A large unmarked cardboard box that contained mainly air. But in the bottom was a 10 lb dumbbell, a 6 lb disc weight, toothbrushes, a basketball hoop and a crack pipe in a case. Yep a crack pipe. "Happy kit dab" Google it.
Two primo htrio water coolers that when I touched them began leaking rusty water all over everything.
A suede futon with no legs.
Two sets of LED workshop lights. One worked, the other had been crunched, but still worked.
A broken clothes drying rack.
A kids battery powered Jurassic Park four wheeler, which has the front missing. Could only see the back when it was in the pallet all wrapped up.
Two wood and metal chairs that were in the center of the pallet so they took up alot of pallet real estate, but weren't visable. They we're both gouged and scratched so bad, I just set them out by the road .
I'm sure I'm forgetting a few things, but if it were up to me, I'd forget ever driving down there .
They also run an auction on Facebook. They will extend bidding 2 minutes if someone enters a bid in the last 2 minutes. Makes sense. But they will continue to take bids well after the auction time has ended after nobody has bid for several hours. So don't expect to actually win any auctions . An example would be....bidding ended at 3:00.....you bid at 2:59 so bidding gets extended to 3:01 or 3:02. Fine makes sense. But then someone buds at 5:30, when the auction is closed and the 5:30 bidder wins the pallet.
All in all, I wasted a day and alot of gas. I am not gonna be able to recoup what I spent or make any small amount in profit. Boxes with damaged or broken features were packaged in such a way that everything looked fine from the outside. I would not recommend getting anything from them. Not actually sure how they're still in business.
So do yourself a favor and buy from an actual reputatable liquidator instead of from a few people in a busted down warehouse walking around pushing pallet jacks.
I buy almost exclusively from govdeals.com. Sometimes they have pallets and sometimes they have single items just depending on the day. I’m doing a video on my most recent purchase later this week.
Here’s the simple details:
Paid $432 for 32 bicycles.
Sold one for $420. Keeping another one valued at $600. Sold 3 other ones for $140, and traded 3 for a pistol valued at $100 minimum.
So I’m in at $432 and already at $660 with over 15 good condition bikes left and 1 really nice bike for keeps.
Miguel you must be crazy... 10 websites that do millions of dollars in sales and they all woke up one day and said "lets scam Caseys viewers all at once and have him make a video". do you realize how silly that sounds?
very bad experience I do not recommend buying in bulq I bought electronic pallet I only sent 2 chargers and the rest toilet paper and napkins and broking item and the incomplete quantity before buying I read very well what was in the box but nothing of what he mentioned was the youtuber make a lot of false ads because they receive free marchandise so whoever does not say the truth because they work for bulq She recommends it because they are paying and they give her the products for free. Do not be fooled by these lies. Most of the garbage. There are no profits in the pallets. They only come with 3 good item. The other garbage. I do not recommend that you buy in Bulq. It is a waste of time and money.
the last 1 you mentioned...I wonder if there's an affordable way to get a truckload of merch since most people can't afford to own/drive their own. is it cheapest to share a a truckload (several pallets not the whole thing? You mentioned it matters where you live, so I know it can vary. I'm 2 hr drive from 2 big cities, but still pretty rural for being that close (not a suburb of either).
I've purchased multiple times from BULQ.com and my experience was awful. BULQ grossly misrepresents retail values (example: sending lot of 32 pieces saying it was $9.99 retail value (ea) but upon receipt see that it's 32 pieces from Target $1 bins. There were 3 other sets of $1 bin items all saying retail value of $9.99 ((among many other items... not all $1 bin stuff) but the retail value of the palette ended up being almost half of what they represented. Many of the items I can't sell. I tried to work with them to fix it and all they did was give me a $30 credit. I was pretty pissed to say the least. I purchased 3 other small orders and 1 other palette (all prior to this big one) and none of them were ideal - lots of broken items, dirty or smashed items, missing items, etc... no care placed in putting these palettes or boxes together and the manifests are a disaster.
i have also purchased from bulq.com many times, you have to do the research on the lot before you purchase, I google descriptions and see what the retail price is at several stores i NEVER go off their retail values, also if your wanting good quality items that aren't broken, missing pieces, stained, tore packaging, etc. might i suggest only buying lots that are marked brand new. I have purchased mainly brand new and have gotten some items that were used or damaged and they quickly refunded me however i have also purchased uninspected store returns and have received some items that were unsellable due to being broken or missing pieces and they don't refund for that because they are uninspected. Purchasing lots that are anything other than brand new you take a risk on the items included. Make sure to exam the manifest thoroughly before purchasing and do your research to make sure you can make money off the items included before purchasing and you should come out okay in the end. I never purchase if there are alot of "general merchandise" labels on the manifest bc that is purchasing blindly, I want to know what i'm getting. I have so far not lost any money on any of their lots and have made good profits off most of them. I'm not looking to get rich just to help compensate our income.
Frustrating thing is these guys are all just middle men. I want to go straight to the source but I'm guessing these guys have exclusive deals with large retailers. Also they tease you with the good brands, but as you go down through the manifests they get crappier and crappier. About 10% of every pallet I buy has something wrong with it, like swimsuits missing the removable bust pads, stains, etc. Also when an item is missing the UPC tag it almost always gets entered as whatever random thing they feel like entering it as. I've gotten things with a store re-tag which was obviously a return, and it's not even close to the item it is supposed to be. Department stores get his with the switcharoo all the time, and they just pass that crap along to us because most people working retail make minimum wage and don't really care about checking anything. I'm trying to scale so I have to keep trying, but it feels like we are being bled dry by these guys.
Most of these bulk buying websites are a bad source of clothing, I mean, of course some that will excell but most of it is junk or it's rare to find a lot that's really great (because there are literally people out there that search the sites every 5-15 minutes to snipe the best new lots that pop up). In my experience, I would highly recommend seeing them as hard goods and electronic goods sources rather than clothing; that's where they tend to excell and most of them are extremely well for that if you do your homework; definitely search hard before buying anything.
I recently went to our goodwill outlet..no one was really there and it was Senior Day..I bought mostly clothes that I was familiar with like Calvin Cline,Ann Taylor,Karen Kane,Isaac somebody,lol..all looked brand new and a pair of shoes for myself..lol..paid $20 and went to the boutique in the front bought $25 more dollars after 25% off..that's here in Charlotte 😊
I think I already shared this but before my accident I bought merchandise from QVC ...the regular things you could buy small lots..the jewelry was usually $2,000..sometimes you could get some for $600.00..Great jewelry..easy to sell.
Wow, I buy my clothes here in South Texas at .40 a pound as well. But I get to pick it individually, I've thought about maybe selling pieces for other people that don't have as good of resourcing in their areas, but who knows. We also have flea mkts here everyday believe it or not .
Casey, I have been a member for 2 years now not only through Facebook but through paid membership also. Best investment I have ever made. It is a must have considering the help you get not only from Product Sourcing 101 itself but from the liquidation companies that also belong. We are given direct contact to reps and customer care of some of these liquidation companies. This is not the place for a new seller who is just starting out and has no clue, sorry. Seasoned sellers looking to expand their sourcing options are flocking to this site.
Thanks for the great information. I will check some of these out. We still like to touch and feel most of the bulk buys we do. The only exception is when we buy directly from the manufacturer or their authorized retailers through their websites. We pay a little more but we can choose style, size, color and price. Usually bigger is better. We generally sell for 2-6 times what we paid. We can often reorder more of the faster selling items. 4th of July blowouts have already brought us some good insider deals. Sign up for newsletters and get advance notifications of special deals.
+Youssef bajjou Go to their websites. Some sell directly and offer good deals. There are also authorized retailers for the manufacturers that have clearance sales. Sign up for notifications and you will be alerted to special offers before the actual sales event. There are also many brick and mortar outlets doing the same but you may need to visit more than one of them to find multiples. Most major cities also have outlet malls but these are geared more to retail sales. If you hit them right, there could be some good deals.
I've gone to Via Trading and it's ok just be careful and go over the manifests you should expect to get some trash (broken, expired) items in your pallet. I do not recommend you buy any pharmacy store or food lots I've gotten mostly trash when buying these. Via Trading's clothing lots are kind of overpriced, but their general merchandise, electronics, accessories, and shoe lots are good. I've been meaning to buy a makeup lot just to see if it's any good because from just sifting through one box I saw they looked decent.
I've priced WorldsSexiestWholesale to see if I can make any money from their lots. So far, no luck. Their per piece price is pretty high. Add fees to that and you're almost always in the red. Proceed with caution when purchasing from them. Definitely price the manifest before you buy. Also, merchandise is not that great in the Victoria Secret dept. lots of bath and body and cheaper clothing that's already been marked down so much in the stores because it doesn't sell well.
I used to purchase from WSW alot alittle over a year ago and lately their Price per piece has gone way up and they just recently started mixing victoria's secret with their other "designer" brands, so you can't get a lot of just victoria secret anymore. I used to be able to make some profit off their lots but lately i haven't gotten any lots because the profit margin is nonexistent.....getting to greedy on their end :(
I was working a purchase from OEMExperts.com. Wanted to spend $1,000 when it came it was $2,500 and there was no manifest in advance or in the box. Had to beg the salesman Bobby for it then no item names were given and we are not very happy with what we got. A lot of mismatched Otterbox cases (older versions), some other cases, some Ipad Mini 4 cases which are good, but not cheap. We just can't honestly recommend this seller. Chris (10K/Daily Refinement) had gotten a case from them and he said that some of the merchandise was older models too.
I got bad vibes from Bobby when I contacted them a year ago. He got defensive about the lack of manifest. I asked for the names of some of the items and they had crappy rank. I told him I'll think about it and he legit called like 3-4x a day for a week. Thirstiest salesman ever.
Bobby is a joke. He tried to get me to do a 2000 dollar order without even seeing what I'm getting. He talked down on Amazon. He is clueless. He then got made when he asked for a review and I left him a bad one. Look at his company website, so sloppy!
I have bought bulq, not a great source but what I bought sold fairly quickly. We used to do Wal-Mart. The prices per piece have gotten high. Average truck is $2000-$5000. I got tired of sorting and testing. Returns are return heavy also.
i purchased a lot of rings (300) from liquidation.com Paid $140.00 with shipping. have sold about 175 of them so far at $4.00 each. Also bought a lot of 200 neckties. paid $155.00 have sold around 30 so far for $6.00 each. Much slower movers then the rings.
I buy almost exclusively wholesale since we left Miami. I can't get the volume I need locally (I might be able to, but I don't have the time to source that much and list, ship, etc and have time to be a mom). I'm up to buying pallets of around 500 pieces every other month. I've worked with Via and have nothing but good things to say about them. I also buy direct from a few department stores. I never overspend and always, always, buy lots with manifests and check said manifest with a fine tooth comb before I buy.
Planes123 have you tried Kohl's? Or Gordmans? Are you paying full clearance price when you do this? Or example $200 for $800 type of deal? How do they figure value?
I am new and not sure how to approach someone like this. TIF
+Daily Believer Go to the store, and ask for a manager. Let them know that you buy in bulk, clearance and return item clothes. When the season is over, lets say fall. Most or all of the clearance and return clothes needs to be pull from shelfs/racks to make room for the new clothes that will arrive, and put into boxes to return to main distribution center of the store. I don't know if you will need a business license though. It looks better for managers of the store, if they don't return a lot of merchandise back to the distribution center. They save money on employees, and make money. This will work for your Macy's, Targets, and such. Not for your high end stores, like Coach, Cartier's. The reason that I know this, its because I use to work for Macy's way back, and we used to get people like this.
I also.. Cautiously... Suggest put up an ad on your local craigslist asking for lots of say kids clothing or plus clothing or will clear after your yard sale cheap... Stuff like that I get good deals all the time... Be safe n smart!!
Do note that in the process of doing this, the rest of the 'junk' is also a great way to get mass merchandise to donate to approved thrift stores to get tax deductions which is especially useful now that the US govt' decided to shaft us with the tax shenanigans.
Also I have bought box lots from bulq usually under $100 boxes... I really like them... And you can see the manifest so you see n know what you get... Target merch mostly I've seen... Don't expect to get rich.. Don't overspend
American pallet liquidators on their facebook group I bid on a general merch pallet paid over 400 w shipping... Lots n lots of random target clearance items... My bad.. Was anxious to buy... Too time consuming... I'm sure someday I may get my money back.... Someday.... But thats an amazing facebook group and you can bid and they have pickup n buy on site in Pennsylvania border of KY... So many varieties and you can bid n get good deal.... Beware of poop n dead mice in bottom of boxes.... Don't buy food!
Ps.. I received at least a thousand or so items so even if I sold each piece for a buck I'd make money.. I think I trashed only a handful of items... I plan to sell some online n the rest maybe a flea market or yard sale