My thoughts on buying and selling wholesale for ebay or amazon.
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Unfortunately I dont have that video because its different for everyone.. depends how much you make, how much you need, how much you reinvest etc.. you have to figure all that out... determine how much profit you make per week or month, how much your expenses are, and how much you want to reinvest, then pay yourself accordingly
I bought 1 case from Bulq.com. I've only sold the 3 Yankee candles that were in there so far. I spent 36 dollars, free shipping for first order. Most of the packaging was dinged up, or outright missing. I had one of those oil scent things in there, that was empty, which worried me as I thought the oil went all over everything, but it was put in there empty so...thank goodness?? My profit so far is 12 dollars, because it was mostly shower curtains and stuff like that, I don't think it's going to move very quickly. My advise is that if you are going to do this, make sure you have someplace to store it, as it's not going to move quickly. Sure, I'll make my money back....IF it sells, but right now, I've got 24 dollars to go just to break even, and the time involved! I still haven't tested the blender and the crock pot yet, and I still haven't got everything researched and listed. Super time consuming.
I'm BRAND NEW on the scene wanting to buy bulk and resale..I got on Walmart liquidation auctions website and I couldn't even view the whole auction or bid on anything unless I had a uniform sales and use tax certificate- multi jurisdiction form???? WOW..I'm lost..help (I live in Missouri)
I buy single pallets from a guy local in my town for three to four hundred, not Cherry pit sometimes I find $500 items that pay for the whole pallet plus profit. But I want to know where I can get a diesel load, any advice? My source doesn't want to reveal his sources to me.
Thank you for your valuable advice. I am thinking of getting into this business but as a broker. Does it make sense and would it work. Also the inventory counting part seems scary. It's extra money on me and I can't quantify how much labor will I need per day to count say 10 thousand dozen pieces
hmm... I've been wanting to do this for a long time especially since I have access to warehouse spacing. I was looking at a few websites and have been seeing YouTubers talk about it for over a year now and after seeing this video and the comments were very eye opening. thanks
Is this business just collapsing with these companies and thrift stores opening thier own online stores... Is it even worth the trouble to start a business.. Seems mlmy... Lots of money teaching, but not a lot of selling another mee too items....
At this point, there's too many people doing it. No offense to you but once it reaches YouTube it's normally over saturated. I was onto liquidation.com years ago when not many knew about it because business in my blood from family. Even then, Ipads and Iphones were being bought at such low profit margins that it wasn't even worth it after eBay fees, shipping/supplies etc. I have two small auctions I won, this is my first time actually investing so we will see. (of course it matters what you bid on too)
The only people making money are the ones who buy every other auction pallet, I have a suspicion that there are inside accounts who drive up prices too, could be wrong. You are definitely right about electronics, testing and so on. It's like the auto salvage industry, if you are savy and don't have to pay someone for testing starting out, you can build an empire on eBay.
Definitely don't quit your 9-5 though guys that much is certain
Long story short..
I just got my $680.00 box of stuff ...so my main item was a samsung s8 plus. (main reason I wanted this)
Yes I could have sold everything /kept phone and made money ...anywayssssss
The dang phone came cracked on all corners and shattered back! Main thing after charging for 3 hours ...nothing screen did not turn on . Yes this was on a return not (salvaged items auction) This phone is in the salvaged category for sure.Also the manifest said noting in the notes about being broke. So now do you think they will only give me %12 thats nothing. Ill dispute it tomorrow .. hope this helps someone out there... a warning.
Im about half way sold out of the merchandise from a pallet I bought 2 months ago. Paid $870 for it. Currently have sold half the merchandise for $3121! Just be very careful what pallets you buy, it is a great way to scale your ebay / amazon business though and it is what has helped me personally more than anything.
I have 5 pallets from bulq coming as we speak. Bulq is a great site. Do your research or your ass is grass. Not all pallets are junk. Half of the pallets i receive are purchased as “like new” or “new”. The stereotypical “pallet merchandise” is a 600 item clothing return pallet that is full of garbage. People who buy those obviously did not think through the time or expense it is to process all of that inventory. If you want to start with liquidation merchandise stay clear of salvage electronics unless you know exactly what you are doing. Thats my short 2 cents lol, love the videos!!!
I agree. Go to someplace like South Georgia Liquidations. You can go in and look into the boxes and open the lids and look in as long as you don't dump them onto the floor or move them to other boxes. You get to SEE what your buying (as well as possible.)
I bought mine today I know is risky but if you don't risk you don't win is a hit or miss and I'm not gonna sit afraid of failure I had try many website like Alibaba and is not convincing I like better this website coz I know the items are original and I know a guy that buys electronics to resell in Mexico so he be my number 1 costumer also I have many other apps I choose electronics Why? Because cloths and other items take way long to sell electronics always sell no matter what my pallet has good staffs I paid 500 but it comes with beats iPods cameras and some useless sd cards. But I can either sell this for $2 to 3 or keep them
Think part of the issue is looking at electronics. I do not touch any electronic pallets, nor do I buy from certain stores, such as Wal mart. Shelf pulls, are usually pretty good. Shoes, tools, hunting and fishing. These are good items that don't require as much time to got through. As your pulling them out. Look over photograph and list while sorting. I usually figure 25 to 35 pct of the items will be tough sells or damaged. Hauling the Pallets yourself can also save you a lot of money.
I have not bought from bulq or liquidation as I am in Canada and it's harder for me. However I have ordered off VDC Canada and as long as you look through the manifest, and you buy brand new item lots then you will guaranteed profit. I have bought a few pallets now and I have never came close to loosing money. It's always been a minimum of 1-2 thousand profit.
You really need to buy brand new lots and go through the manifest to ensure you will make profit.
Better luck than me. :) Been over a year but I bought a truckload there and when things were done I had roughly 1/3 of the manifest provided... (not brand new though so maybe that was key) Haven't seen those loads listed recently but maybe why? Talked to another buyer who had similar results... :(
Hi Rockstar, love your videos, I learn a lot. Question for you. Have you ever bought bulk clothing? I see on these sites you can order a pallet of different grades, a grade, b grade. Summer wear, or a pallet of jeans etc. I saw one site that sold ugly Christmas sweaters in 400, 600, 800 or 1000 bundles. It seems to good to be true, any experience with that?
rocky jaydog never buy a n bulk unless you have orders. That’s why some places say allow 4 to 6 weeks for delivery. They first collect the money then buy the product and on every order you sell insert a copy page of any other items you have for sale, hence repeat customers.
I purchased a pallet of kitchen and home items... pots pans vacuums etc. a lot of it was in almost new condition, some I tossed but it is very labor intensive to go through everything. I had to open every single box to inspect each item it took forever. It can be profitable though.
I've purchased from liquidation.com a couple of times. The first two times we're customer returned electronics, half of the box was defected items. Some were broken but my husband is pretty tech savvy and was able to repair the items and they sold. Electronics are cool because they sell fast. There were some items that by husband couldn't fix because they were parts missing so we sold them "For parts" you can always sell defected items for parts. There is always money to be made. I think Liquidation.com is good but honestly I prefer to sell new items, just easier than having to worry about testing items and fixing them. I also only bought items in lots, never huge pallets.
I advise against using BULQ o ar LIQUDATION you will be luck to break
even. If you are serious you need to pick up your phone call around and
find out where the different auctions are within a reasonable area. With some knowledge you can find things to resell for profit. Its still a gamble but buying off these websites is delusions of granger. It also depends on where you live when I was in Nor Cal it was just like the Thrift stores. It takes mad skill to find profitable item anywhere.
Hey Casey. You're absolutely right. Liquidation merchandise can be profitable but it is very time consuming and many resellers don't take into account the labor costs of going through so much merchandise. As you said you have to be very careful when selecting a distributor because many talk a great game but when the load arrives it's total garbage. The trick is to find an honest distributor and then stick with them, the only problem is that it's very costly to get through 4 or 5 bad ones in order to find the one good one.
Interesting I've been curious about this, I never bought or sold bulk items.
But, my father's best friend along with his son & brother have. The three of them would actually buy semi pallets of bulk items which where return items from place like you said Walmart and then he would resale them, to his close friends & relatives never on internet.
Before his passed away he talked about how the trucker driver or person he bought the pallets from "those places". They give the buyer of the bulk items certain amount of time ( example 5 hours) to upload the trailer or whereever they bought bulk items from.
Did you ever exprience this while buying in bulk>
We bought a pallet of some saws that came with something else I forget, but we barely broke even. Lots didn't have the second item, lots were broken and we used broken ones to make good ones, totally not worth the time as well
I was watching another Youtuber, Raiken Profit, he said he bought a few pallets and it was not only a big risk of his capitol but a huge waste of time. He said, not only did he have to find space to store all that stuff, but like you said, he had to go through all of it and in the end, it was truly more trouble than it was worth. It tied up his money for months, he said he almost lost all his money on this, and in the end, he said he barely broke even. He straight up said, don't do it!!! You have actually done a collaboration video with the guy i am talking about. Here is his link : https://www.youtube.com/user/stevera88/videos
nice brother . i had several items bought from them liquadation. first one was packed very poorly that the remote were falling from when ups delivered . they charge min. $40 for shipping which sucks . however after disputing and reselling i had made my money back . but if you dont do your homework which items to pick from them you will end up with junk . i wouldnt buy from them again for sure.
they do compete with you online and i agree the retail price is more of a msrp than an actual sale price in the store, which is misleading when you are calculating what you can sell for online, at auctions, or flea markets. Not to mention the crap in the boxes. A friend of mine just got in one that was half full of boxes stuffed with out of date calendars.
I only buy from bulq when I notice enough value in the lots that I know *I* can use if nothing sells. Bulq's big problem is that they go by inflated manufacturer suggested retail price & not many people will pay that for store brands. Sometimes they list master pack prices too then you get individual single items. :( I have got one-shoe shoes from there too..Then they actually compete with you buy selling under the name BLINQ on eBay and on the web.
I buy stuff by the pallet from some of these places. I live out in the middle of no where Minnesota in a small town so I don't have access to a lot of the outlet store and rummage sales to be picking items. I have a background in computer/electronics repair. So I know what it costs and whats involved in repairing/refurbishing these items and take that into account when looking to purchase pallets. Also I find that there is more money in taking a computer apart and selling it for used parts. Which has been very profitable for me. The one big keys that helps a lot is make sure to look at the manifests to see what your getting! Do the math.
Hi man, just wanted to give a big thanks for the amazing videos. I'm based in the UK, but so much is applicable over here, and the reselling market is nowhere near as saturated as in the USA. Your vids have helped loads and really inspired me. I'll be making the move from part to full time reselling very soon.
bulq is a joke. I have had more luck with 888lits. You must have business license and resale certificate. They check all your information to make sure it is legit. I have never had an issue. You also can pick different conditions of items. There is no ordering a lot of new merchandise and then you get broken open stuff.
If you are going to buy in bulk the best way to do so is use the internet and find your local surplus site, A lot of colleges have surplus sites where they sell lot of items in bulk like computers or furniture, also camera stuff. The state you live in has surplus sites, I buy alot of items in bulk from these and the good thing is you can go to the local warehouse and view the items in person, You can't test them but you can see the pallet and what the over all condition of the items, Ive made out really good on this kind of sourcing.
Haha..I have a local Kmart that is going out of business and EVERYTHING is like 50-75% off and I spent alittle over 100 dollars sourcing. When I was in there I was thinking to myself "Damn I wish Casey was here he could help me with these cloths" lol
I bought my first Bulq case a month ago. $130 + $30 shipping. Uninspected returns. Sales from this case are currently at $440. Plus, there were many items like soaps, candles, etc that we kept for ourselves. Still have more to list.
It's like that sometimes. My first box was good but I've had problems with others. I have one box I am currently losing 120.00 on and I don't think I will make it back because there were a lot of one item in the box. I sold a couple, then Blinq (a sister of Bulq) listed them undercutting me. I lowered prices but BLinq still has a lot more visibility than I do.
I have purchased quite a few pallets, Ive hit big on some and lost big on others. I purchased 2 pallets last week (250 each 500 total) and so far my profit is 600$ and I have estimated 200$ of inventory left from them. I recommend going to a legit pallet liquidation place in your area and hand picking your pallet. also goto a large business, avoid the guy in the storage unit because he is most likely cherry picking. I dont goto these websites, I meet my pallet liquidator the day he gets a load in and pick the 1's I want off the truck. The great thing is, when you find working items, even broken stuff you can part out, this stuff moves alot faster then clothing in my experiences. just takes more to ship, so I search for small box item lots.
Bought new cloths from Bluq sells slow on ebay, shelf pulls from Target one product is selling great on Amazon, I sent 30 of these to amazon and I will send another 20 this week and I am already looking for more. As a whole
I have been making a profit after 10 sales on Amazon, average cost per Item 1.39 and average sale on ebay 10.00 and 14.95 on Amazon.