goWholesale

hey everyone,
I was curious about other's experiences with buying wholesale/return/salvage pallets? Clothing, electronics, computers? what kind of pallet did you get? how much did you get it for?
i've found someone selling office max pallets for $582 that's including cost of shipping (to me) and the cost for the wire transfer. They say the 'retail' value of the pallets is in the range of $4k - 8k. I'm wondering if anyone has bought a pallet like this and was able to successfully resell it and at least double their money?
thanks!

well that's discouraging to hear. So all these surplus dealers on the net are all basically scams??? i mean they all advertise being able to resell their pallets and make a good profit from it.
regardless, the day before yesterday i told the guy that i was gonna buy the pallet from that i was ready to buy, he said his main computer was down and that he'd send me an invoice today...still no reply from him. with all this negative feedback about these types of pallets i'm probabally just going to forget about it.
thanks!

I have found that purchasing pallets suck. I have spoken to some companies and they won't even let me go see the stuff before buying. What kind of a deal is that. You buy a pallet of 4x shirts that you can't sell. I went to the flea market today. No one wanted to deal. Between the asians and arabs flea markets are getting empty no one wants to go and get a bad price and be put down at the same time. It has a lot to do who you buy from. Watch out..................

What about these guys? Has anybody purchased from them?
http://www.mbkwholesale.com/

http://www.mywebwholesaler.com/pallets.htm
Has anybody purchased from these guys?

I personally think people have better luck buying case lots of a particular item so they know what they are getting for their money with no unpleasant surprises in a scenario where all sales are final. Especially when your buying site unseen over the net. Buy a small sample before jumping in bed with a supplier with a $5000 plus order so you know who your dealing with. I agree with Lisa at http://www.mywebwholesaler.com to the degree if your able to go the warehouse of your supplier to look at these pallets and pick the one you want I think you will have greater satisfaction with no unexpected surprises that can force people out of business when they get a !@#$ load. Just food for thought

I have now purchased my first load of resale pallets. The jury is out as to whether or not I am pleased. Will let you know.

Zorak,


One of the first steps in buying online whether it is salvage or otherwise would be to check out the company first. For starters you can check out the BBB website to review the companies rating and ensure that they don’t have an unsatisfactory rating. Another great place to check would be Dunn & Bradstreet; this is a great resource for measuring a company’s strength.

Places I wouldn’t check would be forums. The reason for this is that the only posts in forums are from the unhappy customers as happy repeat customers don’t post their experiences, which really is too bad. If you were able to calculate a company’s volume of sales and compare that to their complaints posted in forums you would then be able to judge that particular company, however, this is not possible. Do keep in mind that no matter how large or how small a company is, complaints are inevitable as you cannot please all of the people all of time.

Liquidation merchandise is not all damaged as the above post suggests and there are fantastic bargains out there but you have to first do your homework and no what you are getting in to.
If all liquidation merchandise was damaged then stores like Mardens, Marshall’s, and TJ Maxx would all be out of business.

Purchasing one single pallet is no indication of what a load would be like. On each and every load of merchandise the damage ratio is completely different; some loads only have a 1-5% damage ratio whereas others may have a 30% damage ratio.

Why do people return things…? People return things for various reasons and not necessarily because an item is broken. Look at your own past experience, why have you returned things throughout your life? Maybe it didn’t fit, maybe it was scratched, and maybe you said it was broken when it really wasn’t. If you tell the department store the item is broken whether it is or not, they don’t test it, they take your word for it. I myself have returned items for numerous reasons and not because everything I ever returned was always broken. I just purchased a laptop last week and returned it simply because I didn’t like the color, I wanted a blue one, and after I got the blue one I returned it too because I changed my mind and wanted an IBM.

As for the company you purchased from, you indicate that you lost money…this doesn’t mean this company was not reputable, it simply means that you may have received a stinker of a pallet. You need to look at it this way, lets say for argument sake that every load has a 30% damage ratio, this would tell me that there are a few pallets on that load that are definite stinkers and then there are some winners…you got a stinker and as I said above one pallet is no indication of an entire load.

I tell all of my customers that have never purchased salvage before to try three pallets as this will give them a much better indication of what to expect or to simply stick with overstock merchandise, overstock damage ration is about 1%

If you do your homework you will find a god company to work with.
GOODLUCK

Lisa,

I was looking at a Better Business Bureau website.

http://www.bosbbb.org/reports/reliabili ... rmId=88553

What type of selling issue does My Web Wholesaler typically encounter?

Nick

Nick,

We have been registered with the BBB for 5 years, 4 of which were in New Jersey and the last 11 Months in Maine which is our New Location.

Our biggest complaint is "Not as described". Although our website lists a salvage 101 page explaining what salvage merchandise is many people do not read this and expect more or should I say, "new in the package".

Digital, you are correct, many expect new in the package and this is not what we sell, we sell salvage and buying salvage is a risk, however, education is the key.

I don't know about single pallets, but I just bought a 17 pallet truckload of Sears electronics (microwaves, vacuums, A/C units, etc). The resale agreement with the liquidator states that a) you can't advertise "Kenmore", b) you will remove all "Kenmore" labels, stickers and S/N from the merchandise (keeps people from returning the parts to the retail stores), and c) NOT SELL WITHIN 50 MILES OF A RETAIL STORE!

Now, who doesn't live within 50 miles of a Sears? And how do they expect you to sell this stuff, anyway? It's not just Sears, either. K-Mart, JC Penney and others have this type of restriction on their private brands. I can see not opening a store next to Sears and putting up a big ad for tools at 1/2 of retail, but HOW DO YOU SELL IT???

Oh, and the stuff is in reasonable shape. I got about 170 items, maybe 140 of which will be resaleable at a good price. I paid $6500 for it, so the piece cost is about $40. I've got some A/Cs that retail for $500, some microwave hoods that sell for $300, 4-5 vacuums retailing for $300, so even selling them at 30% retail will get me money back quickly. One guy I'm working with who's been doing this for a year gets about 60% gross profit on a truckload (or at least that's what HE says! )

Can someone recommend a good company that I can buy a pallet of summer children's clothing and toys. I need these asap, this is the first time I'm doing this and I have found some many so call wholesalers on line but they don't allow me to see the merchandise before buying them and i don't feel comfortable about that, if i'm paying so much money for something I need to see what I'm getting or if I cannot see it I need to know what will be there. I have been fool one time with a seller that sent me a pallet of junk for stationery and i don't want to be caught again. Thanks.

Steel,

Aside from shipping costs, can't you sell it on the Internet which is inquantifiable(sp?) because it's in the 4th dimension? Ok, I really need to get sleep.

Buying pallets is a complete waste of time and you always get stiffed.


Trying to find a quality supplier on the net these days is very hard.

I sell on ebay and at my local flea market in San Jose, Ca.


I use http://www.localprofit.com for all my inventory.

It's a virtual online warehouse which let's you shop with lots of pictures and detailed information along with profit margins for each product.

They are Americas #1 liquidator, closeout and below wholesale merchandise distributor.

No minimum orders, brand name products and clothing.

Huge big assortments of quality merchandise and priced really well.

most of all they have the absolute best customer service and online warehouse support.

I hope this helps many of you looking for a quality wholesaler.

This company is simply the best I have every found check it out


<a href="http://www.localprofit.com" target="_lp"><img src="http://www.localprofit.com/images/lp_blogo.gif" border="0" width="250" height="54"></a>







Also does anyone know any other auction sites that offer a good audience besides ebay.?




Thanks, flea marketer 101

flea marketer 101 wrote:Buying pallets is a complete waste of time and you always get stiffed.

My bank and accountant would disagree, but since I am paying them to protect, invest and count my money and not post here...you will just have to take my word for it.

Buying pallets can be extremely profitable if you know what to buy, who to buy it from, and where to sell it.

Even if I receive a pallet of 30% non-working items, I have no problem wholesaling it out to local electonic shops, whose technicians refurb it and then sell it.

The key is using a supplier that just wholesales out pallets and isn't involved in any way shape or form retailing product. Suppliers who retail cherry pick pallets and ship junk.