But if an item is too niche or has visible flaws, they might sell it for only 30% of its retail value. Jamie and Sarah usually ask for 40-50% of an item’s retail value, but that can vary.įor example, if an item is brand new and is a name-brand item, they can ask for 75-80% of its retail value. Jamie and Sarah’s favorite way of reselling is porch pickup, which involves placing the product on the customer’s porch and then getting paid either with cash under the mat or through Venmo. Some resellers have storage units where they meet customers, while others prefer to meet with customers in public places. For their part, Jamie and Sarah prefer to resell products worth $50-$100, so they don’t have to sell as many to break even or make a profit. Some have their own discount stores, so they’re able to buy pallets filled with small items that they can sell for as low as $3 apiece. In terms of reselling, Jamie says there are many ways people sell their goods. That way, they’ll surely break even and make a profit. So Jamie and Sarah play it safe by picking pallets that have 1-2 high-ticket items peeking through. There’s really no way to know for sure what you’re getting in a return pallet - it’s just the luck of the draw. The caveat? You’d have stiff competition. Some resellers also rent U-Haul moving trucks for cheap to pick up big pallets, while others use their own SUVs if the pallets are small enough.Īnd if you’re nervous about buying large pallets, Jamie recommends checking out bin stores - discounted retail stores where you can handpick and buy items for as low as $5 apiece. So rather than fork up a couple hundred bucks for shipping, Jamie and Sarah use their own pickup truck to bring pallets home. The same can’t be said for small-time resellers. Large retailers buy pallets by truckloads, so shipping costs aren’t an issue. “The problem with liquidation pallets is they’re so large that shipping is not really cost-effective,” Jamie told me. Pallets typically cost $500-$700 apiece, but that’s not including the $300-$500 shipping fee. What Startup Costs Are Involved in Flipping Pallets? It has a registry of vetted suppliers, so resellers can avoid scammers and disreputable businesses. Use – is a platform that connects suppliers with resellers.He also sources pallets from Facebook groups where suppliers post their products. Search on Facebook Marketplace – Jamie uses keywords like “pallet liquidation” to find posts of pallets for sale.Large retailers like BULQ make it easy for resellers to buy inventory, but Jamie says he prefers to inspect pallets before buying them. “We didn’t end up making a whole bunch of money … but we had a ton of fun and it kind of got us hooked.” How to Find Reputable Liquidation Pallet Suppliersīecause pallets are essentially mystery boxes, finding suppliers who haven’t already gone through them can be tricky. They paid around $600 for a pallet, which included electric scooters and even an arcade game. “We had no idea what we were doing, so we just picked the one that looked like the most fun,” Jamie told me. They’d come across and join Facebook groups of pallet liquidators, where they first learned about the pallet flipping business.ĭeciding to give it a go, the couple drove to a local liquidator who sold Walmart pallets. Jamie and his wife Sarah used to flip furniture as a side hustle, so they often hung around Facebook Marketplace.
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