We’ve all have face the problem with online shopping where you need to pay before trying a product. You like the product online and end up buying it only to dislike it when it arrives.
With Amazon’s great 30-day return policy, you can also switch your product or ask for a full refund. But have you ever wondered what happens to the returned products?
Though it’s unclear just how big the e-commerce business has become, the growth of online shopping, in general, has created a widening stream of returns in search of a new home.
The return rate for online purchases is about three times as high as for items bought in stores. Manufacturers usually supply items to retailed like Amazon through a contract where it’s understood that items that may be returned will simply be liquidated.
Amazon has large fulfilment centres that send out goods and also check and resell the returned items. It is common for online retailers to experience a high rate of returns.
Several customers change their mind and some of the goods are restocked into the main inventory if the original packaging is undamaged. However, many items have to be resold as ‘used’ after the packaging has been compromised by the customer.
Many of these returned items don’t end up back on the store shelves even if the packaging is undamaged. Instead, they’re shipped to returns facilities – some operated by retailers, others that serve as hubs for many resellers to help them unload excess merchandise, such as a truckload of holiday returns.
Once there, the goods are collected, processed, and often resold by third-party contractors, including wholesalers and liquidators. This parallel process exists because the cost of restocking and reselling returned items often exceeds the value of those items. To cut losses, companies often turn to sites like Quicklotz.
Liquidity services like Quicklotz sell directly to the consumers through their retail store. They sell an amazing array of merchandise, including bed headboards, big screen TVs, boots, toys, jewellery, and much more in big or small quantities. Quicklotz gives a detailed description of each item sold as a warehouse deal so you are aware of its condition before you buy it.
Other sellers use their own definitions of an item’s condition and they also will not offer a no-quibble return guarantee of satisfaction. As long as you choose a reputable liquidation company, you will be able to purchase not only cheap wholesale Amazon returns but also high-quality wholesale products.
Both retailers and manufacturers prefer to liquidate wholesale electronics and other merchandise through liquidation companies, rather than selling them to wholesale suppliers. This is reflected in exclusive contracts top liquidators sign with retailers and manufacturer that enable the latter pair to list their liquidation merchandise on these websites.
Similarly, Quicklotz has an exclusive contract with Amazon and provides the lower prices possible. In addition, these contracts ensure that the quality of the products listed for sale is high.
Most items in these wholesale pallets fall under the majority of being rated as ‘Untested Customer Returns’. No tests have been carried nor have any repairs been done. Estimates show that 75 per cent of plug and play products are in working condition.
However, this is the best case scenario. Doing business with reputable liquidators makes the process easier. While you would be still purchasing customer returned merchandise, you will be provided with a manifest showing the products’ grade, as well as the quantity and type of products in the pallet, reducing the chance of purchasing scrap.
This is often easier when items might be sold as ‘salvage’ or ‘uninspected returns’ that wholesalers might take a chance on buying. Even combining products within a pallet could bring profit in the end when you calculate the purchase costs and the sales figures.
To make a good purchase, you need to read between the lines. A ‘like new’ item sold is in perfect condition, however, due to the condition of the packaging, it does not meet Amazon standards for the new product. Returned items with minor packaging defects are classified as “Used-Like New.”
If an item has cosmetic damage or blemishes, shows slight signs of use, has minor accessories missing, or the packaging has been replaced to better protect the item, the label assigned is “very good.”
The merchandise once bought is packed in pallets and delivered to your address, already sorted and ready for sale. All you have to do it unpack and list it online and you’re good to go.
There are times when you are confused on how to cross-check prices, Quicklotz ensures that you get the best products at the right price. You want to deal with a company that stands behind its products, especially when you’re buying other shoppers’ returns.