People have several reasons to buy liquidation pallets. But the most common reason is to make money. Usually, people who resell merchandise for profit get the most benefit from these kinds of purchases. These people will sell their goods online on sites such as eBay, Craigslist, or Amazon. They might sell them in garage sales or flea markets. Or they might even have a retail establishment where they can mark up these items and sell them for profit there. However you intend to use these pallets, there are a few tips you should use to get the best experience and highest profit.
Make sure your supplier has a good reputation
When you find a supplier who sells liquidation pallets, it’s a good idea to make sure they are legitimate and have a good reputation. You can check the Better Business Bureau to check for any current unresolved issues. You can also do a quick Google search for the company’s name with “reviews” to see what other customers might have to say.
Do your research
To make money by reselling the items on the pallets, you need to have a very good idea of what they are worth. If you’re selling on eBay or Amazon, the research should be fairly simple. Just search the exact items to see what other sellers are pricing them at. However, be sure you’re actually checking the “sold” listings rather than just what other people have them marked. If you’re selling in person somewhere like Craigslist or flea markets, you can still use those platforms to research the prices, but you will probably have to mark your items down a bit. You also may have to wait a little longer to unload everything you buy. This is mainly because you don’t have the benefit of a huge audience of buyers. In these types of sales, you will probably also need to check to see whether the stores in your area carry the same product and sell yours a little cheaper.
Once your pricing research is done, you will need to decide on how much you are willing to bid on the pallets. Used plastic pallets from Plain Pallets are a sustainable, lightweight and long-lasting solution for a number of industries which need easily sterilised pallets. To do this, you need to know what the least amount of profit you’re willing to take is. For example, say you are bidding on a pallet of stainless steel stock pots. When you did your research, you found that the exact same brand and style of pot sells for anywhere from $12 to $18. And you found that your local discount store also sells the pots, but they sell them for $15.99. If you want to sell the pots locally, you will need to sell them a little cheaper than they do at the store. But if you want to sell them online, you could probably sell most of them closer to the $18 other sellers post them for, but you would need to account for any fees those online platforms charge. The amount of profit you want is up to you. You may be happy with a $4 profit for each unit if there are 200 of them. But you might decide you need a $10 for it to be worth it to you. From there, you will just need to figure out how much you can spend on it, including shipping, to make that amount of profit.
Don’t forget the shipping
Shipping is a very important factor to consider when buying liquidation pallets. For one thing, you will need to find out before you ever bid how much it will cost to get it to you. For another thing, you need to find out their shipping methods to various facilities. This means finding out if they will unload your freight or expect you to unload it yourself. And it means asking if they charge more to ship to a residence than to a business.
