The truth is almost every kind of store experiences customer returns. In fact, according to statistics, at least 30% of products ordered online are returned as compared to the 8.89% in brick-and-mortar stores. For many, this isn’t very surprising because most retailers offer a free return shipping policy.
Common reasons why customers return their products include either because there was some fault with the item or they weren’t satisfied with their order. No matter the case, the main question of where such customer returns go still remains.
An e-commerce company that is at the top of the list of customer returns is Amazon. Although its retailers and sellers could put their returned products back on their virtual shelves, they choose to liquidate them instead.
So, if you want to start an e-commerce business selling merchandise, keep reading to find out how to buy Amazon return pallets and make a profit out of them.
In order for your business to flourish, you must do thorough research on Amazon return pallets and the auction places that sell them. Some of the most important things you should watch out for are finding a reputable seller, checking for online reviews and considering your shipping costs.
For example, one helpful way of finding a reputable seller is to search for the experiences of other online resellers who have used the platforms you are considering. They may give you helpful insights about which sellers have proven trustworthy and offer the best services.
Also, don’t forget to ask your seller to send you the manifest of the goods you are interested in buying. This refers to the list of all relevant information about the products contained in the Amazon return pallets as well as what condition they are in.
Lastly, in order to reduce your shipping costs, make sure you purchase in bulk so you don’t end up spending more money on smaller shipments.
The best way to buy Amazon return pallets is directly through Amazon. In fact, there are many Amazon liquidation companies that have their own policies, so it is crucial that you do thorough research beforehand to see which company will provide you with the services you are looking for.
For example, Amazon Liquidation Auctions is the official b2b marketplace where you can purchase overstock goods directly from Amazon. As a registered buyer, you can buy liquidation pallets from the world’s largest e-commerce company and bid on all kinds of merchandise you like. Once you win an auction, you will be given the opportunity to buy bulk lots of overstock inventory.
However, there are other liquidation companies that work with Amazon but do not have auctions. They are much simpler and all you have to do is search for goods you like, add them to your cart and make a payment.
There are a few strategies you can follow to make a profit with your Amazon return pallets which include:
Unfortunately, there will be some returned items which are either damaged or with some faults. So, your first step is to fix them up in order to make them seem brand new and more appealing to your customers. Selling a product that is fully packaged will end up making you more money as opposed to the dysfunctional or unboxed ones.
Another effective strategy that will make you a lucrative amount of money selling Amazon return pallets is to sell your inventory quickly. This means focusing mainly on the quantity you sell rather than on maximizing the dollar amount for every good.
Finally, make sure you inspect all of your products and see in which category they would fall.
Generally speaking, buying Amazon return pallets from reputable liquidation companies is a great way to purchase goods at prices lower than their typical wholesale values and make a profit out of it.
But, in order for your business to be successful, it is strongly advised that you do your research on finding reputable sellers and choosing the right product to resell. Do a final inspection of your goods and set them up for sale.
For more information, make sure you refer back to our guide and learn the basics of buying Amazon return pallets and profiting from them.