According to Loss Prevention Magazine, $565 billion was spent online by U.S. consumers in 2020. This represents 14% of all U.S. retail sales. This is a staggering number, but it doesn’t mean everyone will receive their products and live happily ever after. eCommerce returns have more than doubled between 2019 and 2020. In total, $102 billion worth of merchandise was returned online. The top reasons that consumers return online orders are: 20% get damaged merchandise, 22% receive products that look different and 23% the wrong item.
Amazon Wholesale Pallets
What happens to customer return
Return pallets: Why you should buy them
How to purchase Amazon return pallets
Where to find high quality returns
Amazon Returns: Where are they?
Online purchases account for 30% of all returns, while physical stores receive only 8.9%. It shouldn’t surprise that nearly 49% of U.S. retailers offer free returns shipping. This is convenient for customers but can be a hassle for retailers. Naturally, it’s worth asking: Where do all these Amazon returns go?
Amazon Customer Return Pallets
Amazon sellers and retailers could place them back on virtual shelves. But think about the time and cost involved in inspecting, packing, and listing again. Companies will find it more cost-efficient and time-savings to dispose of returned products. It is a common saying that you should get rid of the old and make room for the new.
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Resellers have the good news that not all Amazon returns are damaged or defective. Sometimes items are returned because of buyer remorse or simply because they don’t need the item anymore. Many customer returns are new and unopened.
Amazon Return Warehouse Locations
Amazon and other large retailers sell customer returns to liquidators, giving small businesses and resellers easy access to the merchandise via online liquidation marketplaces. These online marketplaces make it easy and affordable to source high-quality, branded and unbranded merchandise.
Amazon Return Crates
In order to bring in new merchandise, it has always been necessary to clear out excess stock, customer returns, seasonal items, and other items. The liquidation process has become more online-based over time. You can log on to your computer or mobile device to access Amazon’s return pallets.
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Amazon returns pallets can be purchased by anyone. You can start by saving a few hundred dollars or borrowing a credit line. There are many options when it comes down to reselling. You can find resale opportunities at local flea markets, Thredup, OfferUp and other online platforms.
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These liquidation pallets are a great way to start a business or have a side hustle. You’ll likely find it on the secondary market if it was sold on the primary marketplace. Every day, everything from garden and home equipment to apparel, electronics and health and beauty products is being resold. You have the option to either specialize or begin with a general merchandise palette. Then you can see which works best for your customers and yourself.
Bulk Merchandise For Sale
It is possible to do bulk purchases and have a lot of inventory in one go. If you already have a lot of resale channels or if you are a discount shop, attend flea markets regularly, or plan on exporting, this is a good option.
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Amazon returns are a growing industry. It’s why it’s so important to get involved with your own resale company. These bundled lots could be a goldmine for your resale company, considering the sheer volume of inventory available on Amazon’s return pallets.
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Major retailers want merchandise to be liquidated quickly and cheaply. This is where customer returns pallets (or online auctions) come in. There are several ways to buy Amazon return pallets. Let’s start with the basics.
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Some items can be resold immediately while others may require repair. Others might be available for part sale. Resellers can still make a profit from these pallets at a deep discount. Selling them at a profit will make you money back. You should know the condition of the inventory and be able to take the necessary time to repair it if needed.
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For repair shops and people looking for parts, some merchandise that is classified as salvage can be used. To get an idea of the contents and estimated value of any Amazon return pallets that you may be interested in, check out the manifest. This blog will provide 5 Things to Know when Sourcing Returns and Excess Merchandise.
Look for a seller you can trust
Consider the experiences of other online sellers who have used the same platforms. These people might be able to give you advice on where to source certain products and which ones to avoid. You should also pay attention to customer experience. This could help you avoid shady deals with sellers pretending to be reputable sources.
Take into account your shipping costs
Successful resellers will tell you that shipping costs are what will decide whether or not you make a sale. You shouldn’t be surprised when shipping costs exceed the cost of returning goods. Before you place your bid, budget for this cost. If you are lucky enough to be within driving distance of a warehouse distribution center, you may be able to pick up pallets.
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If you have the capital and capacity, bulk buying or consolidated shipping can help reduce some of these costs, so you don’t spend hundreds on smaller, individual shipments.
Amazon Return Pallets: Where can I buy them?
Although we mentioned the importance of finding a trustworthy seller, it is often difficult to do so. It was difficult historically for small- to medium-sized buyers of excess inventory to purchase directly from large manufacturers and retailers. However, there are efficient, automated systems today that can automate this manual work for them to sell their surplus inventory to larger buyer groups. An online auction marketplace platform is one such tool.
Amazon Customer Return Pallets
You must research everything you do in order to be successful at reselling. Research the various companies that offer liquidation or wholesale inventory. Decide whether direct liquidation is better than buying wholesale inventory. Las Vegas Liquidation Pallets assists some of the largest manufacturers and retailers in liquidating excess stock and returns. Amazon return pallets are included!
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It will take some research to get your liquidation business started. But you’re on the right path! In no time, you’ll be purchasing Amazon return pallets. The first step to buying Amazon return pallets is to register your business and obtain a resale certification. You can then tackle the rest one at a time. Check out Las Vegas Liquidation Pallets to start sourcing liquidation inventory and purchasing it today!