Stores frequently have items that are closed out, returned or overstocked, but because they dislike throwing away any of these items that remain serviceable and have no damage, stores work with wholesale pallet companies to get rid of what they can’t sell.
However, where can you buy these pallets of returned goods? The wholesaler picks up the merchandise, packs it onto large pallets and sells it to customers in bulk at a cheap rate. Finding reputable pallet wholesale companies, however, is a bit of a challenge.
Buying merchandise from dodgy suppliers will not cut it. You either purchase faulty merchandise or the prices are too steep to turn a significant profit, if any at all. Add to that the shipping costs and no guarantee on any of the products, you can see that business ship sinking quick.
Who is the Retailer?
Pallet companies operate by getting goods from major retailers. The goods may be overstocks, returns or salvage items, most of which are completely serviceable.
Retailers work regularly with pallet companies because they constantly need to move unsalable merchandise out of the store and storage facilities to accommodate new sale items.
Consequently, sales managers for the retail companies usually have a list of pallet companies with whom they do business on a regular basis. These pallet companies have a track record of providing good service.
Whether you buy in person or online, there are ways of stocking up with high quality merchandise from top retailers at prices below wholesale.
Where to buy from?
You are looking to buy high-quality merchandise for low prices. We know you’re trying to find a way to do this, where your profit margin will be significantly larger compared to when you buy from any wholesale supplier.
You need reputed liquidation companies such as Quicklotz. The quality is high, which means you have all the boxes in ‘how to run a successful resale business’ checklist. If you find the merchandise you’d like to buy in pallet form, ask the manager which pallet companies the retailer uses and how to get in touch with those companies for pallet purchases.
Quicklotz has direct partnerships with large retailers such as Amazon, Walmart and Target which ensures that you get high quality merchandise to choose from.
As soon as someone mentions liquidated stock, the quality questions start popping up. In reality, a lot of merchandise that is being liquidated is either customer returned merchandise or refurbished products. But this does not necessarily have to be a bad thing.
How to choose right?
To buy customer return pallets of Amazon, Walmart, Target, etc. you will have to look for a liquidation company. The trick is not to buy from just any liquidators claiming they are selling Walmart liquidation merchandise. In fact, never buy merchandise without verifying the source.
The goal is only to buy from reputable liquidators. Quicklotz has the most specific categorization, which is useful if you are a small business wanting to sell a few target items.
Some companies may require that you buy a minimum of one truckload of pallets, so always check the policies of each company before trying to place an order.
You may want to consider some big retailers, liquidators, and wholesalers if you are currently running a small business and you are looking after cost effective ways to fill up your inventory.
Quicklotz ticks all of these boxes. Their facility houses both small case pack lots as well as single, multiple pallet lots and full truckloads.
By handling the entire process from beginning to end we ensure the final product is in the condition advertised.
Purchasing liquidation stock and wholesale lots does take experience but when you start to recognize the types of wholesale merchandise that reasonable to resell, the process can become quite profitable.
If you’re just starting out, Quicklotz has a team of advisors who will help you survey and run inventory so you get a good fit for the type of merchandise you need to buy for your store.
How to Avoid Scams?
People looking to buy pallets of merchandise can, unfortunately, find themselves repeated scammed. Often, the buyer receives a pallet only to find that a high percentage of the goods cannot be sold due to much higher than expected damage.
The most reliable way to separate the scam from legitimate pallet companies is to look up the company. If you cannot do that – often the case of new companies – try to gain insight through customer reviews. Never buy a pallet until you have a clear idea of the satisfaction rate and the quality of customer service.
Returned merchandise pallet buys need to remember that the price of a pallet or truckload only represents the starting cost. Buying low and selling high is at the core of any successful business. But if you’re going to be successful, you need to know as much as possible about what you’re buying and how you plan to sell it.