This last week has been a busy! I guess that’s good as I must be making money…Anyway, I still had time to browse the web looking for interesting news and liquidation links. First of all, I want to review some of the most popular keyword phrases which brought a lot of you to our site. I enjoy looking at search terms related to the wholesale liquidation industry and I’m always intrigued when I see what people are searching for. Here are the top six most searched for terms bringing traffic to this blog: Macy’s liquidation, Victoria Secret overstock, Home Depot wholesale, JC Penney wholesale, Costco liquidation, and Lowes wholesale.
The Macys liquidation program and Victoria’s Secret seem to be the most sought after source for buyers new to the liquidation industry. I would have to say that customer returned and shelf pull clothing are a big part of those seeking pallet and truckload purchases. Contact information for both suppliers mentioned can be found within our Liquidation Guide.
A Taxing Issue
Who here sells on eBay? Well, not just eBay, but who here sells online? I’m sure you’ve heard the discussions about the proposed internet sales tax collection. Congressmen and individual states are currently lobbying congress to impose an internet sales tax and they are being joined by brick and mortar retailers who have lost business from consumers who buy online tax free. Read in detail and take note of the $1 million dollar window. What are your thoughts about this legislation?
A Buyer Complains
While stumbling through the internet last week I came upon a blog being maintained by someone who made purchase from a wholesale liquidator that did not go as expected. According to this individual, who has also made a Youtube video of his experience, the purchase was outright fraud. Whether or not this guys rant is true or not, this brings me back to my point about liquidation merchandise (specifically customer returns) …proceed with caution when buying from a Broker or even direct from a source.
Make Money Dropshipping Pallets
Take a close look at the picture below…go ahead and load up the website found at the top of the image (do so in a separate browser window). This business is using the dropship model, meaning they are not warehousing items that are being sold. Instead of keeping products in their warehouse, they simply have another business fulfill any orders they receive. In this picture you can see a pallet deal being sold, specifically a toy pallet.
This particular online business is using a company called Kole Imports to fulfil orders. Kole has a special division called Promopallets.com, which is where this deal is actually being sold. Kole Imports has a page dedicated to dropshipping, check it out here. Hundreds of thousands of business online do not warehouse what they sell. You can do that too!
Radio Interview About Retail Returns
Take a few minutes and listen to this podcast interview with Tom McElroy, Vice President of Marketing & eCommerce for Genco Marketplace. Genco is a large third party reverse logistic company that holds liquidation contracts with some very large nationwide retailers.
Here’s Your Chance
I get so much feedback from this blog, I could probably spend eight hours a day responding to people via email. Some of those emails become topics for upcoming blog posts. I learned a long time ago that success is earned by giving back. I give a lot of my time helping people just like you find liquidation suppliers, and offer advice for those reselling pallet merchandise. I would like to help you in some way…please contact me and let me know how I can help you. Maybe you have a question about a supplier or category of liquidation merchandise. I look forward to hearing from you.
Until next week…take care – Rob
Our 2020 Liquidators Guide chronicles 12 years of wholesale product sourcing experience and includes my personal black book of direct source contacts! As an industry expert, I'll share the success I've enjoyed along with the mistakes I've made buying and reselling liquidation merchandise.
If you are thinking about buying pallets of liquidation merchandise from a liquidator, broker, or direct from department stores, you need to check out The Liquidators Guide