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Buying Liquidated Pallets
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Buying Liquidated Pallets
Posted 31 Mar 09 3:58 am.
Hi I am looking into buying a liquidated pallet from PPWDG, I was wondering if anyone here has purchased a pallet there and what is the average gross profit margin on that pallet? Thanks for any responses in advance. -
Re: Buying Liquidated Pallets
Posted 31 Mar 09 4:19 am.
You should find a few have purchased, however you are not going to get an accurate average figure on a pallet sale unless you tighten the judging criteria.
Each product load will give different results, each marketplace can give different results, in fact each load of the same products will give you different results.
Work out on what you want to judge value by and then others may be in a better position to give you more reliable feedback.
You may also want to post this question on the ppwdg website forum as that is where you will find a lot of jimmy's customers. -
Re: Buying Liquidated Pallets
Posted 31 Mar 09 4:51 am.
ok thanks for your help, I have sold on ebay for quite a few yeas now, do you have any other venues that seem to work well for you personally ? Thanks Zac -
Re: Buying Liquidated Pallets
Posted 31 Mar 09 5:13 am.
Hi Zac, we are actually a b2b structure like ppwdg, both dealing in liquidated merchandise. So we supply businesses and private sellers, both online and offline, with stock.
Given that, our sales results can be very different to retail sellers operating on the same platform.
It's hard to beat ebay for straight out traffic, but if you use ebay as your anchor point and start using some of the free listing sites, of course I am going to say Bonanzle because we sell our stock from that platform, but there are a few others that you can start spreading your marketing around with.
Cheers -
Re: Buying Liquidated Pallets
Posted 31 Mar 09 5:17 pm.
You cant really get an estimated profit on liquidations. Its a risk industry just like any other sales margin. You are buying either customer returns, Overstocks and In store items that never sold.
From my experience its a 4 out of 5 Profit margin. 4 Pallets out of 5 bring nice profits. But the good thing about pallet purchases is that the risk is small. If you actually loose money on a pallet its generally very small.
The highest profit pallets are generally the highest priced pallets. The way most retailers that have custom pallet orders set it up where the best of the best is charged a higher price. I tend to only buy $2500 pallets for my own sales so many of my pallets are loaded with more high end products and less work inspecting and replacing parts on a unit.
Lower cost pallets have more work associated but are still very profitable. And lower cost pallets is where I originally started.
People with experience in this industry make very good money. Pallets always have been and will always be the best way to make money online on places like ebay and amazon sites. -
Re: Buying Liquidated Pallets
Posted 31 Mar 09 9:29 pm.
You cant really get an estimated profit on liquidations. Its a risk industry just like any other sales margin. You are buying either customer returns, Overstocks and In store items that never sold.
Hey Jimmy,
From my experience its a 4 out of 5 Profit margin. 4 Pallets out of 5 bring nice profits. But the good thing about pallet purchases is that the risk is small. If you actually loose money on a pallet its generally very small.
The highest profit pallets are generally the highest priced pallets. The way most retailers that have custom pallet orders set it up where the best of the best is charged a higher price. I tend to only buy $2500 pallets for my own sales so many of my pallets are loaded with more high end products and less work inspecting and replacing parts on a unit.
Lower cost pallets have more work associated but are still very profitable. And lower cost pallets is where I originally started.
People with experience in this industry make very good money. Pallets always have been and will always be the best way to make money online on places like ebay and amazon sites.
This may be a silly question and if it has already been answered I am sorry. I recently purchased a pallet from H & J Closeouts. What would you say is the first step to figure out how to price everything in order to focus on making a profilt from the pallet? More specifically I paid roughly $600 including shipping and trying to figure out the best direction to go with pricing each piece. Would it be benefical to list certain items as bulk?
Thanks in advance,
Don -
Re: Buying Liquidated Pallets
Posted 1 Apr 09 2:33 am.
There are a couple of ways to go about making money from a pallet.You cant really get an estimated profit on liquidations. Its a risk industry just like any other sales margin. You are buying either customer returns, Overstocks and In store items that never sold.
Hey Jimmy,
From my experience its a 4 out of 5 Profit margin. 4 Pallets out of 5 bring nice profits. But the good thing about pallet purchases is that the risk is small. If you actually loose money on a pallet its generally very small.
The highest profit pallets are generally the highest priced pallets. The way most retailers that have custom pallet orders set it up where the best of the best is charged a higher price. I tend to only buy $2500 pallets for my own sales so many of my pallets are loaded with more high end products and less work inspecting and replacing parts on a unit.
Lower cost pallets have more work associated but are still very profitable. And lower cost pallets is where I originally started.
People with experience in this industry make very good money. Pallets always have been and will always be the best way to make money online on places like ebay and amazon sites.
This may be a silly question and if it has already been answered I am sorry. I recently purchased a pallet from H & J Closeouts. What would you say is the first step to figure out how to price everything in order to focus on making a profilt from the pallet? More specifically I paid roughly $600 including shipping and trying to figure out the best direction to go with pricing each piece. Would it be benefical to list certain items as bulk?
Thanks in advance,
Don
One is to list everything on eBay for .99 cents with precise shipping. Meaning only charge the actual cost of shipping. Then let the market decide.
The advantages are you will get a lot of lookers and traffic and possibly a lot of bidding wars and maybe sell stuff for more than its worth.
The disadvantages or really just one is you will sell some stuff or all at at lower
price than it can get on eBay.
The other is to research the final selling price on eBay for your item and sell at or around that price.
I purchased a sample order from Jimmy and listed the more valuable items at a set price.
I sold every item I sold at a fixed price for the price I was asking with one selling for 10 less as I offered best offer on it. I asked 60 and got 50 plus shipping.
You have to play around with your options.
You will get a feel for it. Some items just do better in auction. I never sell DVDs at anything other than auction format. They are normally a lower cost item and buyers are more willing to bid and pay a little more.
If your serious about this which I assume you are then Terapeak is a must. Spend the 30 bucks per month and use it to research all of your products.
Oh! and dont forget about Amazon and Craigslist.
If you want to see if you can get top dollar for some of the items, Craigslist is free to list and no seller fees. You could start there to try to get the most for your items without risking any money. -
Re: Buying Liquidated Pallets
Posted 1 Apr 09 2:58 am.
Selling in bulk can also be effective if you have enough of the same items.
I know we have a client that is buying 1000 pieces of make up, repackaging into smaller lots, unsure as to what size, then listing them on liquidation.com for auction.
I haven't asked how they are doing because it's none of my business, but they are buying 1000 units every two weeks, so I'm assuming they are doing OK....lol
As a general rule, listing individual items is more time consuming, more expensive, but it should get you a better price at the end of the day.
Selling in bulk is quicker, cheaper and while the margin may be down on individual listings, that can be more than made up for with turnover if you are moving stock.
If your load is mixed products, I would suggest listing individual units would be the best way to go.
