The Risky Game Of Buying Liquidation Pallets For Resale 

After selling and shipping fees you'd be losing money on 90% of these pallets..

Way too high prices. The market value for liquidation is 10-15% of retail.

These have to be the highest prices I've ever seen!! Even online at the bigger pallet selling sites where you pay a little bit more, they only sell for 30-35% retail max..... not 50%!

These guys are just trying to piggy back on A&E's Extreme Unboxing. They are hoping to fleece a wave of newbies with no clue and a fresh credit card thinking they're going to get rich quick. 50% of retail. Unbelievable!

The margins only work if you are the end user of the merchandise. The margins are way too small for resale.

Doesn't seem like enough of a discount.. Needs to be .20 on the dollar

I enjoyed going on the trip with you. Beautiful mountains. Good luck on your sales with the blankets. I'm sure you will do fantastic. Hugs from California 😉

Thanks for sharing, Pete. Be safe and enjoy your downtime.

Don't do it Pete! Just like everyone in the comments is saying 50% of retail??? And shipping costs on top? No margin left! Run dont walk away!

These prices are outrageous. If people buy from them they are getting ripped off.

They make money from newbies, wanting to get into Amazon / eBay.

My favorite part of reselling - finding something to sell to cover the cost of the trip!

I am intrigued. Cannot wait to see what you purchased. ✌️

Really interesting. So cool you stopped to appreciate the view!

I've done about 5 pallets for liquidation. For me,Too much headache with some of those returns, too much testing, too much stress, customer complaints, negative feedback. The best I've done with returns are shoes because its mostly returned because it didnt fit, not because its defective. It takes a certain type of reseller to deal with liquidation and piece them out. You have to deal with a lot of crap.

So glad you shared this trip with us!

50% seems like a lot.

Great video.. pls do more like these.. interresting to sense the margins on these liquidation offers & buinesses from big chains in the US..

seems like a nightmare and a terrible idea. no profit ---nothing but trouble.i have no use for 20 broken vacuums

Hey Pete, you live in Chicago, there are literally 7 different liquidation pallet companies you can buy from that are located in the Indianapolis area. All of those places are less than 3 hours away from you. If you are serious about pallet flipping for more inventory for your shop, Indianapolis is the place in the Midwest for your pallets.

Look pete I've been doing pallets for 4 years now and I can tell you a few things on pallets never pay more then 15-20% retail pallets are defnitley a competive hot thing were im from and its a full time stressful job and its not for everyone it defnitley takes alot of work and it takes alot of knowledge there so much more to pallets then what people realize as far as how to tell what pallets have what certain things are on a pallet and what certain stickers means for the pallets and what pallets have more or less damage usually its legit alot to these pallets and people just don't understand how in depth these things go i have made alot of money off doing pallets in my time and have only lost money on 3 of the hundreds on pallets I have bought i was lucky that I caught on to the game quick and learned fast! Target baby and general merch are my favorite ones to buy along side on electronic pallets!

Freight just eats up the profit. If there were something closer to Chicago that you could pick up from, that would be the way to try it.

At those prices, not enough meat on the bone, and that's assuming all the items work and aren't missing parts.

You were right near my city when you stopped at the liquidation warehouse!!

A lot of that stuff looks like returns. I worked in a big chain retail store shipping department, You can usually tell if it's a return because one pallet has many different items. Most likely from the Christmas season. You would be better off skipping the middle man (them) and do the same thing they do.

Great video, Pete! Best of luck with the pallet. Safe travels!

Thank you Pete! This is just the kind of video I needed to see. Currently procrastinating on listing some 300-400 listings. Long story short about 90 % of my inventory was more or less a "Blessing" or atleast that's how I see it. So not much of my own buys and kidna hard to get motivated. However, buying pallets like these is one of my bigger goals so right after this video it's time to get busy 😁👍

Not a fan of paying that much for this type of inventory. My rule of thumb is 13% of retail perhaps going to 17% at best. Pete is absolutely right on buying inventory to cover the cost of a trip. Many, many years ago long before the Antiques Roadshow there was a New Hampshire Antique dealer that had a show on TV. George Michael of Merrimack, NH favorite saying was “learn to pay for the gas money”.

It blows my mind how much crap never gets bought and used. All these big box stores keep getting in product and shipping old product to places like this. I'm sure eventually most of these items find their ways into consumer homes. But there's gotta be thousands that also don't . ..

Hey Piotr~this video came right on time . New shows starting on A&E in August "Extreme Unboxing" reality show all about buying and selling pallets and another "What's it Worth" think they go to peoples homes appraising items . Should be interesting. If I were you I would stick with brand new sealed (pallets) and get you name on the list for electronics. Thanks for the ride along ALWAYS interesting . . .

Their prices are really high at 45 to 50% of retail. Best is 10 to 15% of retail....but that is hard to do nowadays with the pandemic...so if you can keep it below 20 - 25% your doing okay not great.

Amazon is always returned items, mix lots and but some or all items may be fine and work, so the can be more risk, especially if you have to pay someone to refurbish, always approach Amazon pallets with caution.

I'd love to shop at a place like that. Another amazing video brother!!

Yeah their prices are insane. They also broke any contract they have by saying the name of the store. Besides that, 50%?? Shelf pulls I will go as high as 20% and that's pushing it. Anyone buying from them might make 10% of MSRP after all is said and done. If you want to tie up $900 to make $200 at most, good luck with that.

I started buying From the guy you recommended for shipping supplies I put my 4th order in with him this past week.

Should be around 10 to 15 percent of MSRP

Pete you went right past me on Interstate 80 I am right here at 80 and 304 in Hubbard Ohio close to the PA line if I would have known you was passing through you could have stopped and got a pickup truck full for me maybe next time keep me in mind. Thanks, Bo

Keep up the good work Craigslist hunter. ☮🦜🐈

smaller scale ,but used to go buy old tea chests at UK auctions - the actual chests in good nick are quite good resellers in most were crap but in 1 i found a copy of " Titanic " magazine from 1912 like a brochure program for the liner & the 1st FA Cup Final after WW2 program , 8 pages - sold that for 285 quid :)

I have been reselling along time and i have tried the whole pallet thing before but i never liked it and it didn't make as much as i wanted. After being so damn blessed with yard sales and estate sale kinds of profit i find myself not being able to make enough money with this type of buying/reselling. Some people can make it work and some people can make money but its not for me. Now for someone who doesn't have the amount of knowledge as i do this is a good way to make money, but for me i am all about the treasure hunt. The whole reason i have been a reseller for 15+ yrs is because i love every min of it. When i got into the pallet game i found myself working my ass off and handling the same items each and everyday and it had me burned out. Everyone has their own niche or whatever and if you like doing pallets i believe you can make some money in this game but for the most part i would much rather spend my money else where and make a much larger profit margin. Thanks for the video Pete

I have a place near me that will sort all of the pallets they receive. They will repack the trash and sell the good stuff online or in store. The trash is only marked down 30%. The stuff they pull they sell for 10% discount. The don't tell the customers that the pallets have been sorted through. It is a really sad business practice. Buying liquidation pallets are ultra risky. Always do your research on the company you are buying from. Thank you for the video. Hope all is well during these times. God bless you. :)

Why buy these pallets of basically unsaleable products when you can purchase the same items new from the manufacturer at the same cost, 50% off retail. Also, pallet shipping isn't cheap. Go see Resale Rabbit's RU-vid videos about selling pallets of Amazon and big box store merchandise. He buys at about $0.10 on the retail dollar, and in turn sells at half retail price. Does very well on Ebay, etc.

The problem with going through a middle man like this is you are paying their markup so they make money to run their business as well. Your best bet is to try and buy directly from the retailer, which is hard for one person as they want someone who they can offload pallet after pallet onto. One person isn't normally going to have the storage capacity for it.

love the videos Pete, thanks for the content!

Hi Pete I always wanted to buy these pallets and we have a place that sells to everyone but I'm leery about them I'll wait and see how you do on yours LOL !!

You can use those emergency kits for the Zombie Apocalypse also...use the shovels to hit them in the head, tow straps for chokers...etc...Re-label them Zombie emergency kit

I guess im greedy I like to buy for $1 sell for $10 otherwise not worth my time

Good luck Pete ⭐️

Hey Pete I work in the toll booths along that Turnpike in West Virginia, I was hoping you’d come through my lane & I’d get to meet you! I hope to stop by your store one day. Cheers

I think it's a decent idea Pete, as long as you select the right pallet. Can you show us another thrifting video was thinking about going out after lockdown and wanted to see what its like/get back into it! Thanks

50%, not enough meat on the bone for reselling.

In liquidation, if you are paying more than 20%, then it is not worth it for you as reseller

Like your shirt Pete. San Diego is my home town. Stay Classy my friend✌😁

Driving through my neck of the wood out here in West Virginia, and didn't even stop to say hello......LOL. Just kidding. Have a safe trip.

I guess Pete's mask is clouding his judgement.

Thanks for the education

from what i've seen the going purchase price for pallets should be around 10-20% retail, but i'm sure you'll do well... build the connection and you'll get some killer deals for sure

Hello, I wanted to tell you that if you want to know about pallet flipping you need to watch Franchise Kicks. He has flipped pallets for years. He is fun and informative to watch. He also just been going to his supplier. Which has been closed down. He doesn’t order on line. He picks them up in person. But he had to while the lock down. He knows a lot about many things. I’m glad to see you bought one for yourself. Good luck and God bless.

In the UK iv purchased many of these so called pallets from various outfits. Some are auctions some fixed price, hit and miss. Id say 70% is a miss. 99.9% are returns. Its even worse now since covid, most places are now online auctions only.

Sir Pete is always fair, thats why i like/love this channel because its genuine and legit opinion. #KeepItUp

My problem with buying pallets is what they claim the item sells for is never what you get out of it.

50% of retail? There's no profit left

This was awesome, man! Thanks for sharing this stop with us, Pete. :)

Looking forward to your review.

This is what I have been looking for to buyer whole Pallet.

I sell plastics for a living. So, I've dealt with many manufacturers. Many of these retailers get credited for returns/slightly damaged boxes etc. The last thing a manufacturer wants is it's own items back. Years ago, I was selling materials into the Dirt Devil "Royal Appliance" company. Back then, they were bringing in returns and tearing them down to reprocess the plastics. That has become a money drain in itself. That company today owned by TTI which is Chinese. So is the Hoover Company.

Great video!

I've bought 3 pallets. All 3.... 80 percent of the merchandise was junk or broken. I wont be doing that again. Best of luck

That's a really interesting place to own as a business, the warehouse. ..... new and changing stock all the time. I'd say they make a decent profit / turnover.

What did stores do with returns and overstock before the whole pallet buying thing started?

Educational ... thanks Pete

Love the Anchor Man shirt

You would be better off going to Barton's Discounts in Indianapolis, IN. That's where I go. Much better deals and much more to choose from

So glad to see so many comments thinking the pallet prices are insane. Just a casual eBay/Mercator seller. You cannot make money with pallet prices like this. You would selling for 50% or more off the retail price. I don’t know how you sell these items and get your money back.

This is a good business if you got the right customers and know where the demand is for each item you have. I have family in the resale business. They buy everything from clothing , to medical equipment and everything sells. You just need the right buyer. Their company makes about $900k a year with investment of $240k. Profits is around $300k a year after they pay their workers. Not bad, I see their lifestyle and how much free time they have on their hand and it is pretty amazing.

If it’s in their warehouse you have to figure (big box) and couldn’t move it I would think it’s very hard to get rid of it. The store already got the meat off the bone for the junk/stuff for those that may be offended by me calling it junk ,and now the warehouse wants you to pay more there’s nothing left on the bone.

That looks just like the place I've bought pallets from. I know you where in NC. Wouldn't happen to be in Asheboro NC?

Doesn't wanna give name of warehouse but at 13:50 accidently shifts camera to shirt to reveal the J&S warehouse visitor bage lol 😜

Thanks for the ride

Pete you have the best videos I never miss a video those two girls have there shit together

lmao the most i get is 40-60% of retail. I need to be paying 20% MAX to even consider it.

Ty for sharing. Be safe

So you know, J&S Wholesale in Asheboro, NC, avoid.... terrible prices.

Hells NO!!!!!! This is exactly why I stay FAR FAR FAR AWAY from places like this!!!! Way too much work, not worth the return! This is like playing against the "house" in a casino. They make all the money off of you and leave you with the scraps! I would LOVE to run a place like this and make money off all the people who don't know how to run a business. I'm actually shocked to see Pete in a place like this..... this is for suckers!

Stay safe and be careful on your trip back home.

Do they ever mark down pallets because they are just setting to long? Winter is right around the corner

Oof! 50% retail is asking for trouble. Shocked anyone can make money on that.

You have to wonder if they get cherry picked through before they get shrink wrapped?

How do you find places like this? I’d love to get into this kinda stuff

I can see how this will work out well. Buying that pallet should allow you to claim mileage and expenses for the trip and the price of the pallet and you get the money from youtube for the video. I see it as a smart move.

Wouldn't be for me. But if you know the market well.... resale rabbit is doing very well with this stuff.

Every wonder where all those easy returns you made to costco / amazon end up??

Give us a update on how you do with what you got

Those sams clubs palettes are their retail prices which are less than regular stores. I’d hop on those palettes personally myself, for the smaller house wear items.

You should watch resell rabbit he just put a video out about buying loads and how he buys them. He goes pretty in Depth about how to figure out the best load for yourself.

When you travel that far you have to calculate what you spent on gas and accommodation which will obviously affect your profit margin.

If you’re offering $2500 for a FTL from NC to Chicago, I’ll take that any day. True TL pricing is more like $1200-$1500 10 months out of the year on that lane.

30% of retail is in warranty ? I think product is overpriced, I could do better buying wholesale ?

nature of people is to take the valuable stuff, and sell you the ice trays. I wouldn't do it.

How much profit did you end up making from the blankets?