Amazon marketplace is the go-to site for millions of consumers worldwide. The platform is the largest online retailer in the world, and it’s not showing any signs of slowing down.
With a daily average of 1.6 million orders filled every day, there’s bound to be some returns. While Amazon does donate some returns to charity, there are still plenty of goods that end up in warehouses. This is when you might want to consider the potential value of purchasing Amazon return pallets.
Not sure what a return pallet is or how to purchase one? We’ll cover this and more in the following paragraphs.
What is an Amazon Return Pallet
If you’re not sure what an Amazon pallet is, you’re not alone—and no, it’s not a wood pallet with Amazon’s smiling logo emblazoned on the boards. An Amazon return pallet is precisely what the name implies. The pallet is a collection of products, often purchased in bulk, that the customer returns for one reason or another.
What makes purchasing a return pallet so exciting is the mystery. You never know what’s in the boxes. You may end up with an unexpected treasure, or someone’s mistakenly purchased junk. You never know what you’re getting, and that’s half of the fun.
Why are some returns put up for sale and others sent back to the original sellers? The reasons vary, but most often, the products can’t be repackaged for sale. Instead of going into a landfill, you get the opportunity to purchase the pallets. Don’t forget, it’s sight unseen, so it’s best to use a little restraint amid your excitement.
How Much Do Amazon Return Pallets Cost
You’re probably going to need to break out the credit card. While Amazon is known for its amazing deals and low prices, pallets are a little pricey. Don’t worry; the cost for a return pallet isn’t going to eat too much into your potential profit margin. Yes, you can resell any of the items you get in the pallet.
So, how much should you expect to pay for a return pallet from Amazon? Get ready to spend anywhere from $300 to $400. The price can drop or increase depending on the pallet size. For example, you should expect to spend more on a large pallet compared to a smaller one.
While most pallets follow the sight unseen rule, every once in a while, you know what’s in the boxes. This comes with advantages and a few downsides. You have a pretty good idea of what you’re getting, but the price may also be higher. A pallet of electronics may run you around $1,000 instead of $400.
Oh, and don’t forget about shipping costs.
Amazon will tack this expense onto your order total. You may also need to repair or refurbish some or all of the items, and this can add to the cost.
The founder of Shapiro Negotiations Institute emphasizes the significance of cost awareness when considering Amazon pallet purchases:“Understanding the pricing dynamics of Amazon return pallets is vital foreffective sales strategies. Being informed empowers you to make strategic decisions and maximize potential profits.
What Can You Get In An Amazon Return Pallet
Remember, the surprise you get when you open the packages is part of the fun since you rarely know what you’re getting. With over 12 million products for sale on the platform, the possibilities are almost endless.
The packages on your pallet may contain clothing, beauty essentials, electronics, shoes, accessories, games, books, or home improvement items, to name a few examples.
How to Purchase Amazon Return Pallets
Okay, so you’ve decided to purchase an Amazon pallet but don’t know where to start. Like with most everything else associated with the retail giant’s platform, purchasing return pallets is fairly simple.
There’s also a ‘best time’ to go out and purchase Amazon pallets, and sometimes, it’s also the only time. Start browsing for pallets after the holidays, since this is typically when the returns start pouring in.
As for how to purchase the pallets, you have several options. You can purchase the pallets through Amazon. All you need to do is go to the platform’s official website, then enter return pallets in the search bar, and Amazon does the rest. The platform will also walk you through the purchasing steps.
Another option is to go through a third-party seller, which is also known as a liquidation company. Amazon will provide a list of the liquidation companies they work with. Just click on the supplied link and you’ll find yourself on the liquidation company’s website.
From there, you can purchase an Amazon return pallet. Here’s a quick look at some of the liquidation companies partnering with Amazon:
- Amazon Liquidation Auctions (US)
- Direct Liquidation (US and Canada)
- Liquidation.com (US)
- BULQ (US)
- Via Trading (US)
- Quicklotz (US)
- Wholesale Ninjas (US)
- BlueLots
- 888Lots
You will want to pay attention to the liquidation company’s country of origin. For example, US residents may want to skip companies based in Canada. You may end up paying more in shipping fees than you would by purchasing locally.
However, if you find a pallet that’s almost too good to be true, go ahead and purchase it regardless of who the reseller is.
Benefits of Purchasing Return Pallets from Amazon
There are a few reasons why it may make sense to purchase an Amazon return pallet. You’re making a minimal investment to receive a large inventory. You also get a wide variety of items, increasing your chances of finding something amazing.
Since the overall cost of the pallet is low, you can easily make a profit reselling the items. Yes, you can even sell the pallet items on Amazon.
While there is the possibility of a high profit margin, Amazon pallets can also have a couple of downsides. The quality of the items can vary, and this affects resale value.
Not knowing what’s in the boxes is exciting, but it can also be disappointing. You may also end up with items in an oversaturated market. Now, you’re sitting on a pallet full of items that aren’t selling.
Take a Chance on an Amazon Return Pallet
You’re taking a chance when you buy an Amazon return pallet, but it can be worth the time and cost. You never know what you’ll receive, and sometimes you’re pleasantly surprised.
So go ahead and take a chance; you may end up with a high-value item that you can either then resell or keep for yourself.
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