Anyone bought Amazon Pallets of unwanted goods and re-sold items?

Frugalgal

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Hi,

Having seen on the news recently about the shocking amount of products and items that are going to land fill by Amazon after people have either returned the items or the seller has decided not to pay for return of stock, I am interested in knowing from people if anyone has ever bought a pallet of goods and what their experience was? It does seem like a brilliant business idea, to buy a bargain pallet of goods and then re-sell the goods or bag yourself a bargain. I see there are various websites where you are supposed to be able to purchase a mixed pallet from.
 
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Karonher

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I have not bought one but there are lots of videos on YouTube where people are opening them. Some things are decent but a lot of items are random and may not be that easy to sell on.
 
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homie

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Things are also returned for being faulty or broken so a percentage of the pallet will be damaged goods.
 
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Jon

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Take a look at Hollyvlogs on YouTube as she does a lot of opening returned pallet videos
 
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Chrislennon1

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Sounds good until you try to flog it. Always thought of doing this and once bought a small pallet of electrical items, 5 iPod dock and speakers. Sold them all for a small profit but the hassle wasn’t worth it for me. Some had remote controls some didn’t buyer’s complaining and one stopped working on them.

Also used Gemwholesale they seem to be the best. Hit and miss this game
 
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Jon

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If you bought say 5-10 pallets would you not make money in the long run even if one or two of them was duff?
 

Maifax

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I bought 3 pallets of John Lewis returns last year during 1st lockdown from https://auctions.wgandco.com/auctions

Pallet 1 was filled with scatter cushions and some inflatable beds - I basically broke even from the cushions on this one. I had to bin the beds because most of them were faulty and postage was too high and packaging too much hassle. Maybe i could have sold them on FB Marketplace, but this was when no one was going out/to friends so would have taken ages to clear through.

Pallet 2 was small electricals - I made a £200 loss on that one. It was a lot of hair styling products, most of the items were broken or had things missing. I sold what I could but had to throw about half of it. I think there is money in these though if you can refurb/combine products or get lucky and everything is fine.

Pallet 3 was all shoes. I made around £250 profit on this one and still have a few pairs knocking around in the shed. I was surprised how used some of these shoes were for store returns. Interestingly the men's shoes achieved prices closer to retail than the ladies did.

All in it was a huge amount of work photographing, listing, packing and posting the products - all for about £50 profit. BUT - I priced to quickly sell (due to space constraints - my missus was going mental about the amount of shit I had around the house from this) so you could probably eek out more profit if you have the patience.

hope that helps someone.
 

Jon

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I swear this sort of stuff is getting more and more popular at the moment. I am forever seeing videos on social media of the 'return pallets' people are getting from some VERY well known hight street stores.

I know you can't sell it ALL for a profit but as long as you cover the cost of the original pallet it should be all good!
 

Maifax

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after replying to this thread a few weeks back, I've been keeping an eye on these pallets again.

this one here has my attention https://auctions.wgandco.com/auctions/7951/wi414252/lot-details/1cec7869-60c2-4f40-baa4-ada500c93a7a

how I approach these is with theoretical math to work out what i would be happy bidding on them.
first up the cost is much higher than the bid price.
The current bid is 350£, but add in the sales tax and buyers' premium and that turns into £525. Shipping on top for a pallet is another £66. so let's round it up to £600 total.
I expect it to go for quite a bit more than that - but we're just spitballing here so it doesn't matter too much.

the listing says stuff on the pallet is valued at £4693. There are 93 items listed so the average item is roughly £50. but it says there are more non-listed items so that will probably be slightly lower.

assume you're selling each item at a 30% discount vs retail so were looking to get around £35 an item.
The buyer pays for shipping, but you have your eBay or whatever platform fees of around 13%. Taking that into account each item will net you £30.45 back.

So that means you need to sell at least 20ish items to make your money back - so you need around 20% of the pallet to be in good sellable condition. the rest is all profit. for my calculations, I assume that 30-40% of a pallet will be sellable - so this looks like a good one at this price.
I also like that the value on this pallet is spread - I would never bet on a pallet where all the value is in 1-3 items- because if those are faulty your fucked. But I guess that all depends on your risk tolerance & across enough pallets it probably evens out.

All that said - I'm not bidding on this lot - purely because of the amount of work involved.
 

homie

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after replying to this thread a few weeks back, I've been keeping an eye on these pallets again.

this one here has my attention https://auctions.wgandco.com/auctions/7951/wi414252/lot-details/1cec7869-60c2-4f40-baa4-ada500c93a7a

how I approach these is with theoretical math to work out what i would be happy bidding on them.
first up the cost is much higher than the bid price.
The current bid is 350£, but add in the sales tax and buyers' premium and that turns into £525. Shipping on top for a pallet is another £66. so let's round it up to £600 total.
I expect it to go for quite a bit more than that - but we're just spitballing here so it doesn't matter too much.

the listing says stuff on the pallet is valued at £4693. There are 93 items listed so the average item is roughly £50. but it says there are more non-listed items so that will probably be slightly lower.

assume you're selling each item at a 30% discount vs retail so were looking to get around £35 an item.
The buyer pays for shipping, but you have your eBay or whatever platform fees of around 13%. Taking that into account each item will net you £30.45 back.

So that means you need to sell at least 20ish items to make your money back - so you need around 20% of the pallet to be in good sellable condition. the rest is all profit. for my calculations, I assume that 30-40% of a pallet will be sellable - so this looks like a good one at this price.
I also like that the value on this pallet is spread - I would never bet on a pallet where all the value is in 1-3 items- because if those are faulty your fucked. But I guess that all depends on your risk tolerance & across enough pallets it probably evens out.

All that said - I'm not bidding on this lot - purely because of the amount of work involved.

25% buyers premium is a lot. Its unusual to have 0% seller fees and lump it all on the buyer like they are.
 
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ChelseaGirl

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You might also need to factor in a higher discount to retail value to shift the goods. I saw one video on YT where they got 53%.
 
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katyd92

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i did this once via ebay and we just got a pallet full of crap, broken shredders, tech and things that couldn't be sold. It's still left in a storage thing somewhere as we just left it there :ROFLMAO:
 
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jungkook

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Has anyone ever bought other pallets (not necessarily Amazon) from other websites?
 

Jon

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Has anyone ever bought other pallets (not necessarily Amazon) from other websites?
Not personally but watched a fair few people on YouTube do this with varying results!
 

jungkook

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Not personally but watched a fair few people on YouTube do this with varying results!

Yes me too! I've seen a few websites as well that had electronic goods that were going for around £400 but I was a bit hesitant!
 

homie

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Has anyone ever bought other pallets (not necessarily Amazon) from other websites?

Machine Mart send their returns to an auction near where I live. I've looked through them a few times but everything is untested with no gaurentee and I think the risk that lots are faulty and can't be repaired is too high. If it was all good surely they would make the effort to sort through it and send it back to their stores to sell themselves.
 
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jungkook

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Machine Mart send their returns to an auction near where I live. I've looked through them a few times but everything is untested with no gaurentee and I think the risk that lots are faulty and can't be repaired is too high. If it was all good surely they would make the effort to sort through it and send it back to their stores to sell themselves.

Yes that's exactly what I think. I always wondered why these companys don't try to make the profit themselves!

Also with the youtubers doing it. Makes you wonder if the Youtubers just put a few random new items in :ROFLMAO:
 

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