![]() But you can also find pallets of salvage items (usually lower cost, but much higher risk that the items are not working), or you can find high dollar items of completely overstock and/or shelf pulls. Many of them will be mixed between customer returns and shelf pulls. You also have to consider the condition of the items on that pallet. What kind of Amazon program are you looking for? Are you looking for a bunch of small items that wouldn’t sell online, but could sell in a store? Are you wanting larger items like furniture? Something in the middle? It’s not enough to say, “I would like to buy a pallet of Amazon goods”. Know Your Liquidator’s Pallet Listings and Programs How much gas or car maintenance will you need to keep up with the demands of picking those pallets up yourself? 4. In which case, how much time are you spending getting these pallets yourself? Remember, any time you spend doing this is time you’re NOT spending listing. If you have a trailer, or you’re willing to rent one (which, regrettably, is not always a cost effective long term solution) it might be more efficient to pick them up yourself. How much does it cost to ship a pallet? Are there freight companies that you can hire to do this? Does the liquidator offer shipping? If you live in a residential area, can a large truck maneuver in your neighborhood? How do you plan on getting the pallet off of the truck? Do you have a forklift? Or can you pay extra to get a truck with a lift gate? ![]() There are fees you’re going to want to think about before you purchase a pallet, because these all need to be configured into how much money you need to make off the inventory to break even, or hopefully, profit. Pallets cannot fit on a mail truck, and very rarely will UPS or FedEX be a cost-effective way to move a pallet. Remember that purchasing a pallet is not simply about the cost of the pallet itself. This is where you have to utilize your own creativity and find ways to move these items efficiently. When you start buying liquidation pallets, there will inevitably come products that you cannot sell in your Plan A platform. But always know what your local reselling options are. Maybe you want to focus on selling online, because it works well for you. Learn how to keep an eye on the market and what is selling well and what isn’t, and figure out how to adjust your business strategies to keep up with those trends.Īnd above all else– always have a plan B. This is why it is important to take time to learn your platforms, join communities, and try to keep up with any changes. ![]() As with any business, there is no way to know ahead of time all the possible complications that might come with reselling. There will be problems that you do not foresee. You might find that some items that you could sell online are no longer profitable that way. The buyer’s market is a fickle thing that changes as easily as the wind does. When it comes to reselling, your first plan doesn’t always work the way you intend it. You’ll learn more about how well certain items sell, what kind of profit you can expect, and more. Then use the money you earn from those sales to invest in purchasing products from places like thrift stores, garage sales, and estate sales.Īs you do this, you’ll learn more about reselling that will be useful to you when it comes to purchasing liquidation pallets. You can even offer to consign for them to earn a little extra money. Sourcing items for free from your own home, family, and friends. This a common source of panic for new pallet resellers. There’s no guarantee on the quality of the item or even if the item works. This poses a problem for beginner resellers. Even if you get pallets of specifics, such as clothing, you’re pretty much stuck with whatever comes out of the pallet. The downside is that it is limited in scope of choice. Where liquidation pallets are useful is that they allow you get bulk quantities of items to resell. Start here: 5 Things You Need to Think About Before Purchasing Your First Liquidation Pallet: 1. The challenge is knowing what you need know to have before you make that kind of investment. It’s not impossible at all! If there are a plethora of people who are doing it successfully, then you can, too. For those who are not, the process of buying and reselling pallets can quickly become overwhelming and seemingly impossible.īut it’s not. If you are an established reseller, then this process will be a lot easier for you. ![]() Buying liquidation pallets and reselling them is no different. But let’s be honest… most things are not as simple as they seem. Most think that the steps are simple: find a pallet, purchase it, sell the items, and repeat. When it comes to purchasing liquidation pallets, it can be difficult to know where to start.
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