SOME people have managed to make their entire living on reselling return pallets.
But they don't always go to plan, here's all you need to know about buying return pallets from Amazon.
What are Amazon return pallets?
Amazon return pallets are boxes of unwanted Amazon goods that are sold at hugely discounted prices - to any seller willing to take the chance.
As a buyer of Amazon returns, you can make a lot of money by refurbishing and reselling used merchandise online.
The more you are willing to buy, the cheaper the cost.
Typically liquidated items from Amazon are sold either by the pallet or the truckload.
When you try to buy liquidated merchandise from Amazon, the pallet or bundle will usually carry an “estimated retail value” and it’s almost always sold off via an auction.
If you’ve ever watched the show “Storage Wars”, buying Amazon return pallets works in a very similar way, except you are not allowed to examine the merchandise at all.
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Sites selling Amazon return pallets are typically organised by category, lot size, brands, retailers and by location.
Where can I buy Amazon return pallets in the US?
The best way to buy Amazon return pallets is directly through Amazon.
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However, the Amazon auction season does not begin until after the holiday season when consumers return unwanted gifts in large numbers.
In addition, there are many liquidation companies out there that buy from Amazon and other independent businesses and take a cut of every sale.
Where can I buy an Amazon return pallet in the UK?
In 2018, Amazon partnered with B-Stock to launch Amazon Liquidation Auctions.
Amazon Liquidation Auctions is the official b2b marketplace where you can buy overstock merchandise directly from Amazon.
In order to bid at an auction, you first have to register with B-Stock and be approved to bid.
There is no fee for applying or for being an approved buyer.
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Right now, Amazon Liquidation Auctions is only accepting applications from the US and you must have a valid reseller certificate to be eligible.
In the UK, you can register on the Amazon EU Liquidation Auctions marketplace separately.
How much do Amazon return pallets cost?
Prices for Amazon return pallets very much depend on the liquidation company they are sold from and how large they are.
Each pallet has its own retail value, which customers can bid above or below on.
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For bulk pallets, prices can range anywhere from $1,000-$6,999 (£815 - £5,600) depending on the quality of the merchandise and market value.
Some pallets can be marked as high as $10,000 (£8,142.60), while others are far less depending on the number of bids.
Quick guide to buying return pallets
Here's where to buy the most popular return pallets:
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