Where To Look For Amazon Return Pallets
The best way to buy Amazon return pallets is through liquidation companies. When searching for a merchandise source, you are advised to look for the most reputable seller. This is best reflected in customer experience. Therefore, you should look for the advice of other online resellers who have sourced their merchandise through those companies. The best way of getting this is by looking for online reviews, which tend to give a clear picture of a companys services and product quality, which in turn reflects on a companys reputation.
Direct Liquidation is a highly reputable company that strives to and succeeds in keeping customers satisfied while forging and developing partnerships with major retailers. This means that at Direct Liquidations online platform you will be able to buy not just Amazon returns, but merchandise sourced from other retail giants like Walmart, the largest retailer in the United States.
Mystery Pallets Vs Manifested Pallets
Mystery pallets, as the name suggests, are a mystery. At best, you know the category the pallet falls under .
Manifest pallets, on the other hand, offer more information.
With these pallets, the description of the contents usually includes:
- Product descriptions
- Suggested retail value
There are pros and cons to buying each. Mystery pallets often sell at a lower price than manifested pallets. Similar to a storage unit auction, you don’t know what you’re getting until you buy it. There’s an opportunity to gain a pallet full of treasure or a stack of damaged and defective items.
With manifested pallets, you know more about what you’re buying. This extra information can help you deduce the potential resale value of the manifested pallet’s contents.
Tip #: Repair & Refurbish
Take time to repair and refurbish the products as much as possible to boost the resale value of your liquidated goods. The secret is to make the products seem like new.
Typically liquidated items from Amazon return pallets come with damaged packaging, and missing accessories.
Merely replacing packaging/missing accessories will significantly improve the prices you can command for your refurbished items.
Finding accessories and packaging online is extremely easy and relatively cheap. A simple Google search will help you find nearly anything you need.
If you cant find the right packaging, at least consider using factory plastic wrapping and plain boxes.
Pro Tip: If your Amazon return pallets come with unsalvageable products, use them as spare part donors for your other products.
And if refurbishing gives you the creeps, you can always sell the spare parts individually.
Recommended Reading: Liquidation Pallets St Louis
Where To Buy Retail Returns And Amazon Return Pallets
Here is a list of auctioneers offering bulk, pallet, and truckload sales of retail returns, liquidation, clearance lines, salvage, and refurbished merchandise in the US market. Some of these auctioneers offer single items but most offer everything in bulk lots either by the pallet load, box lots, or even by the truckload. Many offer bulk lots of retail returns from major department stores such as Amazon, Lowes, Target, Walmart, and others.
Repair Or Refurbish Broken Merchandise
Some of the items on an Amazon return pallet may be broken or damaged.
You can repair or refurbish the products before resale to increase their resale values.
The good news is that items on Amazon return pallets require minor and quick repairs.
If a pallet has many faulty products, you can remove a few functional components from one item and install them in another similar product to make it complete.
Buying Liquidated Amazon Products
You can only buy Amazon customer returns in bulk. You can order one to two pallets or an LTL or less than a truckload containing 10-12 pallets. A single pallet can be as high as 72 inches and weigh a maximum of 1,500 lbs.
You can also buy a truckload, which contains 26 pallets. Larger orders have bigger discounts. The prices of wholesale liquidation pallets are fixed or decided through an online auction marketplace.
How Much Is An Amazon Return Pallet
Prices for Amazon return pallets will vary depending on the liquidation website and the size of the pallet. In general, prices can range from $100 to $5,000, depending on the quality and the value of the items. Also, others can be as high as $10,000.
Shipping options and rates will also vary per liquidation company. You will need to pay for the shipping of the pallet, which depends on the weight, dimension, and distance from the warehouse to your address. However, others will offer you a flat rate or free shipping.
Overall, shipping costs could be more than the combined amount you pay for the items on the pallet.
Recommended Reading: Can A Wife File Bankruptcy Without Husband
What Are Amazon Liquidations
Every year, finds itself in a situation faced by all major retailers whether they operate a network of stores or theyre entirely online. They end up with large amounts of products they either cannot or do not want to sell.
These products, which in the case of are usually customer returned products or overstocked items, present the giant online retailer with a potential headache. Unwilling to sell these goods on their site, this type of merchandise becomes stock thatstaking up valuable warehouse space that should be being used to house new products Amazon can sell for full price.
So, how does solve this headache? It turns to specialist, top-tier liquidation companies such as Direct Liquidation. Direct Liquidation is an online liquidation marketplace where businesses can buy wholesale merchandise sourced directly from . And because this is stock wishes to dispose of quickly, its willing to sell its returns and overstock at a considerable discount.
How Do Clearance And Liquidation Websites Work
Retailers liquidate stock, meaning they sell it off cheaply and in bulk, because they cant sell it at full value through their brick-and-mortar stores or their websites.
Why cant they sell it at full value? Well, liquidation stock might include customer returns, that take a lot of manual work to check over, and even then cant be repackaged in exactly the same way as when they were new. Or it might simply be overstock the retailer bought too much of a particular product and has been unable to sell it all. When new products come along that will sell better, they need to make room in their warehouses and on their store shelves.
To clear this stock quickly, retailers often sell it to specialist liquidation companies very cheaply and in very large volumes. This gives them a quick return and minimizes the time they have to spend examining and cataloging the stock.
The liquidation companies then process the inventory item-by-item, package it into boxes or pallets, set the price, and sell it on to smaller businesses and marketplace sellers. The majority of websites listed here work in this way.
Some clearance and liquidation auction sites, like BoxFox and B-Stock, connect buyers and sellers directly, as an online marketplace, rather than buying the stock themselves.
Read Also: Difference Between 7 And 13 Bankruptcy
Best Places To Buy Amazon Return Pallets
As a general practice, these liquidation pallets are sold on liquidation company websites. So first, you have to visit these websites, and youll find a list of vendors selling amazon pallets that they have. To specifically find Amazon return pallets, just click on Amazon under the Marketplaces or By Seller category.
Heres our pick of the best amazon return pallet liquidation companies near me.
Tip #: Bundle Products Together
Bundling products together has worked for businesses since time immemorial. Youve probably seen the trick at play on multiple ecommerce websites as well.
For instance, a MacBook, Apple Watch, and Airpods would make an excellent bundle especially when the price looks just right. You could even throw in a wireless charger for good measure.
That way, you will sell your Amazon return pallets faster, and recover your costs.
Dont be afraid to experiment with bundles, and soon enough you will have a working formula before your next pallet arrives.
When sorting your pallets, set aside products you can put up for resale immediately. Have another pile for products that need refurbishing.
And lastly, have another pile of products that will be more attractive when sold as a bundle.
Where To Buy Amazon Returns Pallets Near You
So from Direct liquidation near you? Direct Liquidations network of distribution centers are all located next to major highways. This means your chosen courier will not have to hunt out a dingy warehouse in the middle of nowhere when picking up your goods, cutting down on fuel costs and wait times.
As weve mentioned, Direct Liquidations distribution centers are also located close to Amazons warehouses.The centers are located across the United States and Canada, and so your business can get a steady supply of top-quality Amazon returns speedily and easily, meaning youll be selling the goods you purchase to your customers in no time.
Inventory And Sales Strategies
To be a successful Amazon reseller, you should have a solid reselling and inventory strategy. Your inventory should always be circulating. Having too few or too many stocks of an item can cause harm, so make sure you know how much you need between restocking periods.
The best way to get a successful sales strategy is to start small. Start with one or two products, and then expand from there. When you take a step-by-step process, youll understand better the strategies that work best for your business.
Youll have more time to experiment until you find the best approach as you scale your store. Taking a slower pace also allows you to make mistakes without putting your store at high risks. Thus, its wise to get an experts help when planning your inventory strategy.
Recommended Reading: Illinois Northern District Bankruptcy
Is It Worth It
The is a certain gamble to buying anything at auction, that is the very nature of auctions. With that in mind, the key is to try to lean things your way as much as possible by buying based on research rather than emotion. A mystery box can sound like fun, but a box of junk is just going to end up filling your garbage can.
Recommended retail is a useless figure to factor the value that might be unlocked in a pallet load of goods, its much better to search eBay and find out what used items of the same type are selling for and then do the math.
Other important factors to consider are the final cost of the lot, plus any fees, plus the cost to ship it to your door. If you are reselling, then youll need to factor the total cost per item + risk factor vs the average price in the marketplace for the same item. You should be aiming for a margin that covers your time, handling, sorting, testing, repairing, repackaging, disposing of junk etc, and delivers a profit.
Tips On Upscaling Amazon Returns Pallets
Once youve purchased and received a pallet of Amazon returns, youll want to maximize your potential profits by upscaling as much of the pallets contents as you possibly can. As discussed, Amazon returns pallets are typically untested, meaning the merchandise each pallet contains will be in a variety of conditions. Some of the merchandise will be retail-ready, while some of it may need some repairs.
|The Top 25 Physical Products Bought on Amazon Prime Day 2019|
To increase your chances of squeezing as much profit from each pallet purchase, there are several things you can do:
Read Also: How Does A Bankruptcy Affect My Credit Score
Why Buy Amazon Customer Return Pallets
There are some excellent reasons you might want to consider the Amazon Return Pallets experience.
First, you dont need to make a considerable investment. A few hundred dollars will do to get started.
You could even begin with a line of credit instead.
The reselling avenues are numerous, for example, flea markets, resale platforms such as Thredup, Poshmark, OfferUp, eBay, and many more.
If you already own or are starting a business, purchasing return pallets is an excellent way to build up your inventory.
The pallets are sold in bulk and typically contain various products, from clothing and electronics to beauty products.
If you want to, you can specialize in a specific category.
Alternatively, if you sell in multiple categories, it will be an opportunity to see what your customers prefer.
Pros And Cons Of Buying Amazon Return Pallets
Heres a recap of the pros and cons of buying Amazon return pallets:
Pros of Buying Amazon Return Pallets
- You can use any Amazon Profit Calculator to evaluate if its worth it to sell certain products.
- You dont need much storage.
- It doesnt require a big investment.
- You dont need technical skills, so it is a good way to start an ecommerce business.
- Cut out the middleman and maximize your profits.
Cons of Buying Amazon Return Pallets
- Some online liquidation companies wont give you any description of what kind of products are inside the Amazon return pallets.
- You cannot grow or scale with this business model.
- Often, youll collect used items that you arent able to resell.
You May Like: When To Apply For Credit After Bankruptcy
How Can Closeout And Overstock Merchandise Benefit You
The first reason is the reduced price and the increase in profit margin you are securing when purchasing such merchandise. Whether you are looking for closeout toys, home decoration products or some sport and outdoors goods, the process is the same: buy below wholesale, resell for a significant profit.
As the merchandise you would be purchasing has previously been in the store or a retailers storage space waiting to be displayed in the store, you are purchasing brand new products that have not been sold or even tried before. And due to the exclusive contracts liquidators have with manufacturers or other retailers, you will find that not only is the quality high but you are also being offered products from top brands. With the quality and price, its is easy to see why one should look for closeout suppliers to stock up their inventory.
Whether you have a physical storefront or sell your merchandise online, buying overstock merchandise or closeout pallets of goods is the perfect option. In terms of online resale business, whether you sell through global platforms like eBay or , you could significantly increase your profit margin as well as your competitiveness in the market, without downgrading in terms of quality.
So, all things considered, the question for a business owner that buys and sells products either through retail or online, is not why you need to buy closeout and overstock merchandise, but why havent you opted to buy overstock merchandise earlier?
New Sellers Vs Experienced Sellers: Choosing The Type Of Products To Sell
If youre a new seller, it might be better to sell products in a field where you have no competition. Even if the products dont have any proven success, you can at least monopolize the sales.
However, if you already have experience with reselling, consider products with high success in sales. Even if the market is full of other competitors, you can use your strong seller rank to attract more customers. Note that doing this puts you at risk of getting lower profit margins.
You can use a products to learn if it has high or low competition. Look for the total number of sellers under the products ASIN. Check under Additional Information at the bottom-right area of the listing.
You May Like: What Is A Bankruptcy Search Conveyancing
How To Buy Amazon Return Pallets
As a result of returns and the significant cost sellers shoulder to put products back on sale, they look for easier and more economical ways to sell them: liquidation.
Amazon accumulates many products that are packed on Amazon Return Pallets with either random merchandise or sorted in specific categories. Entrepreneurs can find a great opportunity to profit on the secondary market by reselling Amazon return pallets.
Instead of going through a middleman who purchases and processes the merchandise and then sells it to you at a profit , you can find Amazon return pallets at liquidation platforms.
Where Can I Buy Amazon Returns
As we mentioned, the best place to get items is through an Amazon returns auction. However, you can also buy returned items from liquidation company websites. Some examples of Amazon clearance stores include:
- Direct Liquidation
Each of these websites has its pros and cons. Read about each one before choosing where to buy Amazon return pallets. Most are US-based and sell to the US-only.
Others sell Amazon pallets through auctions, while others charge fixed fees. Some offer free registration. Others may ask for a valid resale certificate or a business registration, depending on your location.
Read Also: Did Snap On Tools File For Bankruptcy
How Much You Can Make Reselling Amazon Customer Returns
Lets say you bought a pallet of shoes for $1,500. The pallet contains 100 pairs of shoes. This brings the price for each pair to $15 each.
You researched online and found that each pair of shoes has an MSRP of $30. You sell the shoes at a slightly lower price of $28 on your e-commerce store to garner more sales. Even at that competitive price, youll earn $13 for each pair of shoes or $1,300 for all 100 pairs.
Now, imagine that you bought a truckload . If you had the same amount of profits for each pallet, youd earn $33,800 for the whole truckload. Note: in this simplistic calculation, we have yet to include the shipping, tax, and other deductions.