The Amazon marketplace is synonymous with ease and convenience. Consumers can shop for products from the comfort of their homes and have these products delivered within a few days. For Amazon Prime members, this means one or two days.
While this is great, it also comes with a growing problem - more product returns.
Amazon has a 30-day return policy which means most items purchased can be returned within 30 days of receipt of shipment.
What this also means is that Amazon holds thousands of returned products it needs to get rid of. Well, this is where Amazon Return Pallets come in.
In this article, we will look at what Amazon Return Pallets are and how you can buy and sell them.
Amazon offers free returns to customers in some cases (late arrival, damaged goods, etc). This has led to increased product returns.
As an Amazon seller, high product returns can lead to poor account health which can ultimately lead to account suspension. Not to mention the monetary loss incurred for product returns.
Returned products are typically inspected and if these products meet Amazon's standards, they are resold to customers. In other cases, these products are left as unsold inventory.
The alternative to having this inventory removed is the Amazon Return Pallets sale.
Amazon Return Pallets are boxes and crates that contain products returned to Amazon. These pallets are sold to sellers at discounted prices.
As an Amazon seller, you can refurbish and resell these products online to make some extra income.
Buying Amazon return pallets are legit. However, there is no guarantee about what you're going to get. You may buy Amazon Return Pallets full of new items, used items, spare parts, or even empty boxes! That's right. You don't examine the products before making the purchase. However, with proper research, you can reduce the risks involved.
If you are thinking of buying and selling Amazon Return Pallets, you may be wondering - how much are Amazon Return Pallets? Well, Amazon Return Pallets vary in cost depending on the size and content. For example, a pallet full of electronics will cost more than one full of daily essentials. Typically, they can fall anywhere from $100 to even $100,000.
Apart from the cost of the pallet, you also want to consider refurbishing and shipping costs.
You can buy Amazon Return Pallets directly through Amazon or from liquidation companies. If you are buying directly from Amazon, the pallet will be sold off via an auction. These auctions typically take place after the holiday season when customers return unwanted items.
These pallets come with an estimated value and may come in unmarked boxes while others may come with descriptions that give you an idea of what's inside the box. However, you can't be certain of the quality of the product.
You can place a bid on these pallets and if you win, you can have them shipped to you.
As we mentioned earlier, you can buy Amazon Return Pallets directly from Amazon or through other liquidation companies. Here are some good platforms to get Amazon Return Pallets:
Amazon Liquidation Auctions was launched in 2018 and is a B2B marketplace where US businesses can place bids on overstock merchandise. This merchandise can include books, apparel, home goods, electronics, footwear, and so on.
To place a bid, you need to register and be approved by Amazon. This comes at no cost.
However, you will need to submit some additional business information if you win the bid.
Direct Liquidation is a liquidation marketplace where lots of overstock merchandise are sold in online auctions. What's great about this website is that you can carry out product searches by store or brand. Direct Liquidation works with Amazon and other stores like Target and Depot. To bid for Amazon return pallets liquidation, you need to register for an account.
BULQ is one of the most popular sellers of liquidation merchandise. They work with many retail companies like Amazon.
If you don't like auctions, this is a website you may like. Some pallets come with a fixed price while others run with a 48-hour auction. BULQ provides a more detailed description of its product on the site. You can also filter by a category, size of the product, and warehouse location. If you want any product, all you need to do is add it to your cart and checkout.
This US-based company makes it easy to find liquidation inventory for your ecommerce store. The website comes with a wide catalog and filters to help you select the pallet you want. The pallets are well-detailed with photos, proper descriptions, shipping information, and other details to help you know exactly what you are buying.
888Lots is one of the oldest liquidation companies. On the site, you can choose to buy in bulk or buy individual items at low prices.
You can also create custom lots where you pick only items you need and negotiate prices for the lot. To buy pallets from the site, you need a valid resale certificate for US customers. Customers outside the US need a valid business registration.
888Lots also provides an Amazon profit calculator to help you calculate if the pallet is worth selling on Amazon. Shipping costs also vary depending on the size of the pallet.
Selling Amazon Pallets comes with benefits and drawbacks. Let's look at some of them:
So now you’ve gotten Amazon Return Pallets. How do you start making money?
Well, the best way to sell Amazon Return Pallets is to refurbish the product and sell it at a higher price. This is a process called retail arbitrage.
Here are a few tips to help you start selling Amazon Return Pallets:
If you can refurbish your product and sell it at a good price, you can increase Amazon sales and make profits as high as 50%.
Is buying Amazon Return Pallets worth it? Well, as we looked at earlier, selling Amazon Return Pallets comes with its benefits and downsides. If you get it right, you can make a decent profit.
However, due to the risks involved, selling Amazon Return Pallets may not be for everyone. If you are willing to take the risk, selling Amazon Return Pallets can be a worthwhile investment.
Selling Amazon Return Pallets may not be scalable in the long run. However, it can be a great way to start selling on Amazon FBA. With the right knowledge, time and effort, you can increase sales and make a decent profit.