The Refurbished Electronics Market: What To Know And How To Succeed

The Refurbished Electronics Market

The refurbished electronics market is bigger than you might think. By latest estimates, it’s valued to be a $10 billion industry—and that’s only expected to grow as consumers realize that refurbished cell phones, laptops and TVs can provide quality products at more affordable price points. Looking to tap into the growing refurbished electronics market? Here’s what you need to know in order to compete.

Refurbished Products Are Popular

A recent white paper which surveyed more than 1,400 online shoppers, found that 94 percent of respondents have knowingly purchased refurbished electronics in the last three years. And, 75 percent of participants said they are likely to buy refurbished goods in the future. Retailers should take note—buying used and repaired electronics is no longer considered taboo, but an integral part of the consideration stage in a buyer’s journey.

And, Buyers Are Generally Happy With These Purchases

The majority of online shoppers—84 percent—who bought a refurbished product are satisfied with the electronic item, especially given its cheaper cost. (The majority of these buyers say “the deal” is a major draw because it helps them save money and try a product without making a major monetary investment.) As the quality of repaired consumer goods continues to improve, customer satisfaction, and the market as a whole, will grow. This presents enormous opportunity for electronics brands; as these happy entry-level buyers move up the economic ladder, they’re likely to purchase more expensive “A” stock from the same retailers. Not only that, but also these buyers can turn into brand loyalists, sharing their experience with friends and colleagues—and almost nothing beats word-of-mouth recommendations from a happy customer!

Consumers Are More Likely To Buy Refurbished Electronics Online

Eighty-two percent of shoppers prefer to purchase used and restored electronics online rather than in-store. Reasons for this could include the ability to search reviews and more easily compare similar brands and products. Regardless of the motive, what this means for retailers is that a strong and robust online presence is necessary for success. Data-backed e-commerce can help bring in the right consumer that’s ready to buy.

Accurate Details & Warranties Are An Absolute Must—And So Are Brand Names

Even with the benefit of affordability, buying refurbished electronics can make consumers uneasy because they’re a) not sure what to expect and b) concerned there might be no recourse if the product doesn’t deliver on quality or functionality. So, the more information a retailer can provide, the better. Offer insight into product features, let shoppers know whether accessories are included, and post real product photos so that they know what they’re getting. Warranties are key, too. Nearly 70 percent of survey respondents say that the availability of a warranty helps convince them of buying refurbished electronics because it builds trust in the product. And, speaking of trust factor, brand names are highly sought-after for the same reason—consumers have faith in them.

How Retailers Can Guard Against Serial Returners

Guard Against Serial Returners

Guard Against Serial Returners according to research conducted by Brightpearl, an omnichannel retail management software company, Leverage The Secondary Market retailers have seen an uptick in serial returns over the last year. Serial returners—those who frequently buy and return clothing or merchandise—can wreak havoc on a retailer’s margins and it’s best to get ahead of the problem. Here are a few ways companies can protect themselves against the pitfalls.

Change Return Policies

To combat serial returners, many big-name brands—including Amazon, ASOS and Harrods—are essentially blacklisting customers associated with too-high return rates. In May 2018, Amazon led the charge with a change in policy that deactivates the accounts of customers who request too many refunds. In Germany, online fashion brand Zalando has started to charge return fees in certain markets and is experimenting with single-use tags to quell the return of used, non-defective merchandise.

Leverage Technology

Companies like Appriss Retail and Brightpearl are leveraging artificial intelligence to examine customers’ purchases and behavior. By calculating thousands of unique statistics, the technology compares a consumer’s buying history to his or her pattern of refunds, flagging those individuals who exceed a certain amount and using AI to make an empowered decision on whether to accept the return. In 2018, Appriss says its platform Guard Against Serial Returners, called Verify, helped reduce return losses for its customers by an average of 8 percent.

Take A Page From Another Brand’s Book

Following Amazon’s lead, ASOS and Harrods will now ban shoppers who are flagged in their systems as serial returners. The move may sound extreme, but it’s a necessary pivot, according to Brightpearl, whose reporting shows that retailers feel lifetime embargoes on notorious shoppers are not just the best way to protect slim margins, but also save time and money on the administrative resources that are consumed when processing such a high volume of returns Guard Against Serial Returners.

Leverage The Secondary Market

Even with the evolution in retail policy and AI-powered technology, brick-and-mortar and ecommerce brands alike will need to deal with regular customer returns. Offsetting return-based revenue loss is made easier with a platform like the one B-Stock offers: a technology-based and data-driven online marketplace where retailers sell their used and returned merchandise to a secondary market of vetted buyers. Nine of the top 10 U.S Guard Against Serial Returners. retailers are currently using our online auction marketplace solution. A B2B online marketplace not only drives a faster sales cycle and helps move unwanted inventory, but also makes it possible for retailers to earn the highest price possible for their liquidation stock. This can significantly alleviate the financial burden that’s created by serial returns.

WHAT IS A CORDLESS DRILL?

What Is a Cordless Drill

What Is a Cordless Drill?, Homo sapiens learned the advantages of using rotary tools like cordless drills around 35,000 BC. A simplified example of this would have involved spinning a pointed rock between the palms to bore a hole into another material. This led to the development of the hand drill, a smooth stick with a flint point that was rubbed between the palms.
Many ancient civilizations across the world, notably the Mayans, employed this. The Upper Paleolithic era produced the first perforated items, such as bone, ivory, shells, and horns.
Bow drills (strap-drills) were the first machine drills, converting a back-and-forth action to a circular motion.
Bow drills (strap-drills)
were the first machine drills, converting a back-and-forth action to a circular motion. They date back to roughly 10,000 years ago. Tying a cord around a stick and then connecting the ends of the string to the ends of a stick (a bow) allowed a user to drill faster and more efficiently. Bow drills were employed in ancient woodwork, masonry, and dentistry, and were primarily utilized to ignite fire. Archaeologists uncovered a Neolithic graveyard at Mehrgarh, Pakistan, dating from the Harappan period, roughly 7,500–9,000 years old, with 9 adult bodies and 11 drilled teeth.

In a tomb near Thebes, hieroglyphs portray Egyptian carpenters and bead craftsmen using bow-drills. These tools were first used in Egypt around 2500 BCE, according to archaeological data. Bow drills were widely utilized in ancient times throughout Europe, Africa, Asia, and North America, and they are still used today.

What Is a Cordless Drill

Many small types of bow and strap drills have emerged over time for varied applications such as boring into materials or lighting fires. By 3000 BC, the core drill had been invented in ancient Egypt. During the Roman era, the pump drill was created. To maintain precision and motion, it comprises of a vertical spindle aligned by a horizontal piece of wood and a flywheel.
The hollow-borer tip was initially employed in the 13th century and consisted of a stick with a tubular-shaped piece of metal, such as copper, on the end. This allowed for the drilling of a hole while simply grinding the exterior part. This totally isolates the inner stone or wood from the rest of the material, allowing the drill to pulverize less material in order to make a hole of comparable size.While the pump-drill and bow-drill were used to bore smaller holes in Western Civilization for most of human history, the Auger was first employed to drill bigger holes between the Roman and Medieval eras.

For bigger holes, the auger allowed for additional torque.Churn drills were created in the East as early as 221 BC under the Chinese Qin Dynasty, and could reach a depth of 1500 meters. Churn drills of ancient China were made of wood and required a lot of effort, yet they could drill through solid rock. During the 12th century, the churn drill first appeared in Europe.

📌 Isaac Singer is said to have created a steam-powered churn drill based on the Chinese technology around 1835. Early drill presses are also worth mentioning; these were machine tools that were evolved from bow drills but were driven by windmills or water wheels. Drill presses were motorized drills that could be lifted or lowered into a material to allow the operator to utilize less effort.

Invention of Electric Drills & Cordless Drills
The electric drill was made as a result of the next significant leap in drilling technology, the electric motor. The electric drill was invented in 1889 by Arthur James Arnot and William Blanch Brain of Melbourne, Australia.

Wilhem and Carl Fein of Stuttgart, Germany, invented the first portable handheld drill in 1895. Black & Decker invented the first trigger-switch, pistol-grip portable drill in 1917. This marked the beginning of the modern drilling era. Electric drills have been developed in a range of sorts and sizes throughout the last century for a number of applications.

Who Invented the First Cordless Drill?
Almost all modern cordless drills are descended from S. Duncan Black and Alonzo Decker’s 1917 patent for a portable hand-held drill, which sparked the modern power tool industry’s expansion. The firm they co-founded, Black & Decker, became a world leader as the partners continued to innovate, including the first line of power tools designed for home consumers.

As 23-year-old workers of the Rowland Telegraph Co., Black, a draftsman, and Decker, a tool and die manufacturer, met in 1906. Four years later, Black sold his automobile for $600 and founded a small machine shop in Baltimore with an equivalent amount from Decker. The new company’s initial focus was on enhancing and producing other people’s innovations. They intended to manufacture and produce their own products after becoming successful, and their first was a portable air compressor for car owners to fill their tires.
Who Invented the First Cordless Drill?
Almost all modern cordless drills are descended from S. Duncan Black and Alonzo Decker’s 1917 patent for a portable hand-held drill, which sparked the modern power tool industry’s expansion. The firm they co-founded, Black & Decker, became a world leader as the partners continued to innovate, including the first line of power tools designed for home consumers.

As 23-year-old workers of the Rowland Telegraph Co., Black, a draftsman, and Decker, a tool and die manufacturer, met in 1906. Four years later, Black sold his automobile for $600 and founded a small machine shop in Baltimore with an equivalent amount from Decker. The new company’s initial focus was on enhancing and producing other people’s innovations. They intended to manufacture and produce their own products after becoming successful, and their first was a portable air compressor for car owners to fill their tires.
While considering the purchase of a Colt.45 automatic handgun, Black and Decker realized that several of its capabilities could benefit the cordless drills. In 1914, they invented a pistol grip and trigger switch that allowed single-handed power control, and in 1916, they began mass-producing their drill.

🔰 In Towson, Maryland, the business established a 12,000-square-foot manufacturing factory in 1917. By 1920, Black & Decker had topped $1 million in yearly sales and had offices in eight different cities across the United States, as well as a plant in Canada.

Decker earned 41 patents despite having no formal schooling above seventh grade. For many years, the Black & Decker Company was a family enterprise.From the company’s establishment in 1910 until 1978, a Black or a Decker had a direct leadership position as president, CEO, or board chair. Stanley Black & Decker was formed in 2010 when Black & Decker and Stanley Works joined to become Stanley Black & Decker.

Four Common Cordless Drills Found in Hardware Stores
Drill/Driver: A drill/driver is a tool that is used to drill a hole or drive a screw into materials such as wood, metal, and plastic.
Hammer Drill: This drill has many of the same functions as the drill described above, but it also has a hammer mode that allows it to drill into harder materials like concrete and brick. The drill does this by pounding the drill bit in and out of the hole, similar to how a jackhammer works.

Rotary Hammers: A hammer drill that is either professional-grade or heavy-duty.
Impact Drivers: This drill has a specific purpose in that it is only used to drive screws or loosen bolts.

Tips to Consider When Using Cordless Drills
Before starting any work activity, read the operator’s instruction manual and examine the cordless drills for damage, just as you would with any other hand tool or piece of equipment. Also, conduct a risk assessment. Keep the following safety considerations in mind:

• Protect your eyes by wearing sunglasses (safety glasses or goggles)
• Remove hanging jewelry, tuck up loose clothes, and tie back long hair.
• When tightening the chuck jaws, make sure the drill bit is positioned accurately, and remove the chuck key before operating the drill.

What Is the Difference in Turning Speed and Torque?
Before starting any work activity, read the operator’s instruction manual and examine the cordless drills for damage, just as you would with any other hand tool or piece of equipment. Also, conduct a risk assessment. Keep the following safety considerations in mind:

Protect your eyes by wearing sunglasses (safety glasses or goggles)
Remove hanging jewelry, tuck up loose clothes, and tie back long hair.
When tightening the chuck jaws, make sure the drill bit is positioned accurately, and remove the chuck key before operating the drill.
Keep fingers away from the revolving drill bit by clamping down small work components to prevent movement.
Do not use cordless drills near flammable liquid containers that are open.
When using cordless drills in wet circumstances, make sure the cordless drill is water proof.
When carrying cordless drills, keep your finger off the trigger switch.
Allow the drill to do the work; don’t apply too much pressure to the drill bit (especially with small diameter bits), and change a dull bit while the drill is turned off following a cool-down phase
If cordless drills have an auxiliary handle, hold it firmly in both hands and avoid drilling over shoulder height.
Follow the recharging instructions for cordless drills, using the specified charger and the proper replacement battery.
Maintain excellent housekeeping and avoid clutter.

FAQ❓

What to consider most when buying a cordless drill?
The most important thing to consider is the battery.

Is a cordless drill better than a corded one?
Cordless drills are more convenient and they give you more mobility.

What is a cordless drill?
It’s a drill which is powered by a battery pack or a battery.

Conclusion 🧾

Cordless drills are convenient and simple to use. These are a great portable alternative because they don’t require a power outlet and run on battery power. This blog was meant to be a brief introduction to cordless drills and their usage. If you have any questions, I do recommend you to comment your opinion below and check other cordless drill articles in depth on our website.

MAKE BIG PROFITS FROM WHOLESALE COMPUTERS

Profits From Wholesale Computers

Profits From Wholesale Computers, UK consumers are heavily into their electronics and computer equipment. In fact, latest government research shows that, the UK is Europe’s largest market for high-end consumer electronics. The market sector is thought to be worth around £16 billion to the UK economy per year with over 18,000 UK based companies involved in the sector. It is estimated that the electronics retail sector will grow faster than any other UK retail sector in the next year or so, with recent annual growth trends at 4.4%. This means that the market offers great opportunities throughout the supply chain, opportunities we think our members should be taking advantage of.

So, this month the Wholesale Scout research team has been making enquiries into the wholesale electronics and computers sector, especially looking at suppliers of high end new technology. We wanted to be able to find the latest electronic products at the cheapest possible trade prices, this could then enable our members to capitalize on consumer demand when it’s at its strongest. Profits From Wholesale Computers

Searching only for wholesalers that could provide the latest products from Apple, Microsoft, Samsung, Panasonic, Sony, Google and the other electronics giants, our team eventually unearthed a supplier that could fulfil the criteria for our members. This wholesaler deals in warranted big brand tablet computers, laptops and TVs and is therefore ideal to meet the demands of the UK based reseller. Our research team have picked out just four of this wholesaler’s current stock offering to showcase the kind of profits that can be made in this sector. If you’re interested in getting into this market we recommend you get in touch with the supplier soon to ensure you don’t miss out on these bargain deals. Profits From Wholesale Computers

Here is are just a few of the highly profitable deals currently available;

ProductDescriptionWholesale Unit PriceLikely Unit Re-Sale PriceProfit per Batch
Microsoft Surface Pro 3 | Intel i5 – Batch of 13£615£849+£3000
Samsung Galaxy Tab 3 – Batch of 30£70£129+£1700
HP Slate 7 2800 Tablet with Dr Dre Beats Audio – Refurbished – Batch of 30£45.00£59.00+£400
Asus X550CA White Laptops – Factory Recertified – Batch of 7£190£279+£600

SOURCE WINTER PRODUCTS AT WHOLESALE PRICES

Winter Products at Wholesale Prices

Winter Products at Wholesale Prices, The cold has crept in and the days are getting darker which can mean only one thing…winter is here!

As Halloween and Bonfire night approach, thousands of consumers all over the country will be topping up their winter wardrobe, looking for new footwear and shopping for Christmas gifts. So for resellers this signals a clear buying opportunity – if bought at the right price, winter items can definitely bring in a healthy return on investment. Winter Products at Wholesale Prices

The Wholesale Scout team have been looking through winter items and have chosen some that are always popular at this time of year. There are plenty of wholesale suppliers within the wholesale directory too so finding stock at well below the RRP shouldn’t be a problem. Here are some product ideas and some ways you can secure the best prices on stock:

Clothing

Clothing is popular all year round and high street retailers are always moving their clothing stock to make way for seasonal trends. And this time of year is no different. One glance at retailers will show you just how winter orientated fashion is now. Jumpers, hats, scarves, coats and boots are all making their way onto retailers shelves and this is the same for online retailers too. Big fashion items that tend to be popular with consumers include leather jackets and biker boots – so these could be two items worth focusing on if you’re a reseller trying to boost sales. If you contact a clothing wholesaler then be sure to find out how much you could save when buying in bulk.

Handbags

Handbags are sold in large volumes at this time of year and usually consumers seek out larger, winter handbags during the colder months. The team at Wholesale Scout know just how lucrative this market can be and have found a number of wholesale suppliers specializing in designer handbags. Popular designers include Ted Baker, Radley’s and Vivienne Westwood. As a reseller, sourcing these products at low trade prices should certainly create some profit making opportunities this winter. Winter Products at Wholesale Prices

Onesies

There was a time where onesies were impossible to buy. Now, they are all over the high street and they are sold by most online fashion retailers too. Onesies can either make a fashion statement or they can be bought for gifts and many retailers see their onesie stock deplete during the Christmas period.

Road Salt

Road salt is an essential item during the colder months in the UK. The weather notoriously turns much colder and the last few years have seen some horrific weather conditions and storms. Snow has also fallen in most parts of the country during the past few years, making road salt a necessity for many commuters especially those living in rural areas. Most wholesale suppliers that stock road salt can sell it in bulk – giving you a much better opportunity of buying at well below the RRP and adding a serious mark-up when it comes to resale.

HOW TO IMPROVE YOUR PRODUCTIVITY

HOW TO IMPROVE YOUR PRODUCTIVITY

HOW TO IMPROVE YOUR PRODUCTIVITY
by admin May 11, 2022
How to Improve Your Productivity
How to Improve Your Productivity, Running a successful reselling business takes a lot of commitment, especially if you’re working alone.

Keeping motivated is essential but it can be tough to motivate yourself every day.

But if you’re finding your workload isn’t being whittled down or you’re not sourcing and reselling as many products as you could be, then it could be time to look at your own productivity levels and to make some improvements to it. Here are a few ways you can improve your productivity and hopefully your profit margins too:

Set a To-Do-List

One of the best things you can do to help improve your productivity is to set a to-do-list. Writing down the tasks ahead of you can not only help you to maintain focus but it can also help you to set your priorities and hit your deadline. At the start of your working week set aside some time in the morning to plan out your weekly structure. Have you got any meetings to attend? Have you got a lot of packaging to get through? Do you need to take an afternoon out to visit the post office and post stock? Try to think of every single task you’ll be facing that week and write them all down. Next you can start to plan out your working week – planning different tasks for different days. Allocate yourself time slots to complete your tasks and once completed tick them off your to-do-list. This will help you to keep on top of your current work and will also make you feel more productive.

Take Regular Breaks

It sounds strange doesn’t it – breaks to be more productive? But regular breaks are essential. They are needed for health reasons (staring at a screen all day is never good) and they can also help you to maintain motivation. If you sit at your desk listing items on eBay all day you’ll probably find your motivation lacking and you’ll probably find that you’re not completing your tasks as efficiently as you could be. To maintain motivation work for a certain amount of time – for example one hour – and then take a short break to refresh and recharge your batteries.

Keep in Contact with Wholesalers

To increase your efficiency when it comes to purchasing goods you should try to stay in regular contact with wholesale suppliers. Keeping in touch with wholesalers will help you to be aware of product trends and the latest deals. Building a relationship with your wholesale suppliers should also mean you can negotiate prices more effectively which is obviously important for your all round profit making opportunities.

Keep Distractions at Bay

If you have your smart phone next to your desk all day then you could be tempted to catch up with your social media contacts and you could find yourself getting distracted. Try to minimize your distractions by setting a work place atmosphere. Have your work essentials around you and try to work in a quiet location where you can concentrate. This will not only make you more productive but it will also improve your work-life balance if you work from home.

For more information contact us at https://palletszone.com/

WHERE TO BUY WHOLESALE LIGHTING

Where to Buy Wholesale Lighting

Where to Buy Wholesale Lighting, Lighting products are very popular for a variety of events. DIY weddings, garden decorations and parties are just a few occasions that might see consumers searching for lighting products and so for resellers this is certainly a market that could light up some profits.

There are a variety of lighting products on the market and it’s clearly a product that is experiencing a growth in sales. Lighting usually falls under the DIY or gardening market and, according to a recent survey, both of these markets have seen a rapid period of growth.

A report out earlier this year revealed that during April 2014 consumer spending had risen by a total of 3.7% compared to the previous year and the two markets that appeared to be experiencing the most growth were the DIY and gardening markets. Compared to the year before, online spending on DIY products rose by 44% whilst gardening centres all over the country saw an increase of 40% throughout their eCommerce websites.
So the figures clearly show there is a demand for DIY and gardening products and as lighting falls within this arena, the Wholesale Scout team wanted to look at what lighting products are available at trade price and what kind of return on investment they could offer. Where to Buy Wholesale Lighting

Firstly, the team identified the types of lighting products on the market and being sold by retailers:

Solar lighting – solar lighting items are popular for a variety of events and occasions. Many DIY weddings involve this type of lighting and many consumers also purchase solar lighting for garden decorations. You can find solar lighting in a number of styles including heart shaped solar lights, rock shaped solar lights and string solar lights that can be suspended on balconies and garden furniture. Where to Buy Wholesale Lighting

Fairy lights – these are bought in large volumes at Christmas time so if you’re a reseller looking to increase sales during December finding fairy lights at low prices could be a good idea. But these lights are also purchased all year round as decorative items.

Home lighting – there are a variety of home lighting products to invest in. Candles, fixed lighting and decorative lighting are just a few of the products you could be looking out for in this market.
The team at Wholesale Scout have found trusted wholesale suppliers offering lighting products like this at low trade prices. One wholesaler was offering single solar lights for 78p per unit – with a resale value of around £1.50 per unit. The team also found another supplier selling packs of 20 fairy lights for £2.55 and looking on eBay packs like this can resell for around £3.99.

FIND MAKEUP AT WHOLESALE PRICES

FIND MAKEUP AT WHOLESALE PRICES

FIND MAKEUP AT WHOLESALE PRICES, A study last year revealed that the average woman in the UK spends about £9,500 a year on make-up and so for resellers this is a profitable market to invest in.

Whether it’s moisturiser or concealer, this industry is certainly a money making opportunity for wholesale buyers as more and more consumers appear to be investing in cosmetics.

The team at Pallet Retails are aware just how popular this market is and have been looking for wholesalers that can offer competitive trade prices for products. Check below for the products the team have found at wholesale prices and find out what profit margins you could be making as a reseller FIND MAKEUP AT WHOLESALE PRICES:

Foundation

Foundation is a staple part of every woman’s make-up bag and there are a variety of brands. Laura Mercier, Dior, Smash box and MAC are just a few of the designer brands that are popular and if found at a competitive wholesale price, they can offer a healthy return on investment. This wholesaler of designer cosmetics has had some very competitive deals on make-up and at one point the wholesaler was offering a job-lot of MAC loose powder for £228. At that price a reseller could secure a profit of over £200 per lot. There are a variety of high street brands that could be worth investing in too – Rimmel, L’Oreal and Revlon are all popular with consumers FIND MAKEUP AT WHOLESALE PRICES. Many wholesalers offer huge discounts on bulk purchases and with most high-street foundations selling for between £7 – £20, there are definitely some money making opportunities for resellers.

Mascara

Mascara is bought all year round on the high street and many consumers look online to find deals on designer mascara. If you’re a reseller reselling online on sites like eBay then if you can find a designer brand at a competitive wholesale price and resell for a reasonable price, you should be able to resell in large volumes. Brands worth looking out for include MAC, Dior and Lancome. Find Makeup at Wholesale Prices

Eye Palettes

Eye shadow palettes come in all shapes and sizes but the team found a particularly good palette from one wholesaler offering a bargain. The team found one wholesale supplier offering a batch of 25 Smash box Pro Palettes for £212 – with a likely resale price of £400. Find Makeup at Wholesale Prices

FIND FITNESS EQUIPMENT AT WHOLESALE PRICES

FIND FITNESS EQUIPMENT AT WHOLESALE

FIND FITNESS EQUIPMENT AT WHOLESALE , Fitness equipment is sold all over the high street and online and for resellers the industry presents plenty of profit making opportunities.

A report last year revealed that on average people in the UK spend nearly £1,000 a year on getting fit. The statistics included gym memberships, fitness clothing and gym equipment and accessories. And one of the biggest purchases in recent years has been home fitness equipment. With the average cost of a gym membership working out around £40 a month, most consumers prefer to spend out on a one-time investment and keep the equipment for a lifetime of working out. And even the fitness fans that attend a gym regularly will invest in fitness equipment to keep at some point in their life. Whether its barbells or fitness balls – there are plenty of options for consumers to buy.

For resellers looking to profit from this industry, here are some ideas of equipment which could be worth investing in. If found at the right wholesale price, the potential for profit on resale could be quite high.

Fitness Ballhttps://palletszone.com/

Fitness balls are one of the most popular gym items both at home and in the gym. You can use them for a variety of exercises – stomach crunches, leg raises, core stability and muscle toning are just a few of the exercises you can do on a fitness ball FIND FITNESS EQUIPMENT AT WHOLESALE.

Weights

Weights are one of the most popular home gym equipment pieces to buy. If you look at both high street sports retailers and online sports retailers you will see that many stock a variety of weights and multi-gyms FIND FITNESS EQUIPMENT AT WHOLESALE . A few ideas of stock you could look out for include barbells, dumbbells and kettle bells. Fitness Equipments

Yoga Mat

Over 30 million people practice yoga world-wide and it’s big business in the UK. Fitness classes in gyms and fitness DVDs often focus around this ancient activity. Designed to help flexibility and core stability many people in the UK use yoga as a relaxation exercise FIND FITNESS EQUIPMENT AT WHOLESALE. So for resellers this presents plenty of profit making opportunities as everyone who practices yoga needs a mat. Different makes and models retail for different prices but if you can find a wholesaler selling these at wholesale prices and selling them in a bulk – your opportunity to make a large return on investment will definitely increase. Fitness Equipments

How to Find Pallets for Sale

How to Find Pallets for Sale

How to Find Pallets for Sale have you been scouring the web for pallets for sale? If you’re interested in seeking these out, you’ve come to the right place. A pallet of goods can be of anything – home goods, appliances, grocery, apparel, consumer electronics, etc. At its most basic, a pallet is the wood structural foundation of a unit load for handling and storage. There are two common ways in which goods are packed and palletized– Gaylord and ‘Stacked and Wrapped.’

But we’re not just interested in the physical description of pallets. You want to know how to find these pallets for sale and at a good price. Well, luckily that’s where liquidation pallets come in. When companies need to offload customer returns, overstock, or even damaged inventory, they often liquidate it. Liquidation pallets become valuable because of the goods they contain, the condition those goods are in, and the fact that they are being sold or auctioned off for pennies on the dollar How to Find Pallets for Sale.

In this blog, we will cover:

Why inventory gets liquidated
Why you should buy liquidation pallets
How to find pallets for sale: step-by-step
Why does inventory get liquidated by the pallet?
Before we get into what makes these pallets so valuable, let’s talk about why inventory gets liquidated in the first place. You would be surprised at the amount of reasons that inventory gets liquidated and sold off by the pallet How to Find Pallets for Sale.

Seasonality and shelf pulls, for starters. If inventory like health & beauty or even grocery items are reaching their ‘sell by’ date – they’re likely to get liquidated. Also, discontinued items and fluctuating consumer trends can lead to poor sales performance. As they say, out with the old, in with the new! Customer returns are also a huge reason retailers liquidate this inventory..

Why buy liquidation pallets?
If you’re starting a resale business, want to earn some extra money, or are just looking to increase inventory, finding pallets for sale is a good way to do it. Everyone knows that when you buy in bulk, you get more inventory for less money. Think of it like shopping at Costco – the higher you go in pounds of chicken, the more the price per pound drops. So while you spend more money, you’re also getting a bigger bang for your buck. The same could be said for buying liquidation pallets! Instead of individually sourcing items to resell one by one, you can get more inventory at once and at a lower cost per unit How to Find Pallets for Sale.

One great way to find pallets for sale is by searching for liquidation pallets. These types of pallets in particular are a unique opportunity because retailers and manufacturers are usually trying to offload this inventory quickly. Either because the inventory didn’t sell in stores, is discontinued, got returned or damaged to some degree, or would otherwise take up warehouse space. This makes liquidation a worthwhile solution for businesses that have excess and customer returned inventory they want to sell off in bulk.

For business buyers, this means that you have the opportunity to get quality – and more importantly – resellable inventory for relatively cheap.

How To Find Pallets For Sale: Step-by-step
So, liquidation is a big deal. But where do you find pallets for sale? We’ll go step-by-step below!

  1. Start your research
    Research is key. And finding a niche like apparel, home & garden, or consumer electronics is a good place to start. By having a more specific idea in mind, you can narrow your focus and really get a feel for what you’re investing in. Without doing this step, you could end up throwing money around with no real knowledge of the category. Do a few quick Google searches to get started. And while you’re doing market research, see what the going rate is for new and used inventory. That way you can calculate your potential profits. You can also check out YouTube for unboxing videos, inventory sourcing ideas, and reviews.

Compile your research into a spreadsheet and keep it up to date as you start placing small, test orders. This is a good way to test the waters before committing to a bigger bulk order. Your spreadsheet will also come in handy for when you begin to receive pallets and need to track your inventory and shipments.

  1. Understand condition codes
    When you’re purchasing liquidation pallets, it’s important to have a deep understanding of condition codes. For example, there are different types of customer returns (in-person or Dotcom) as well as different degrees of damaged inventory. There’s ‘Good/Fair’ or even
    ‘Salvage’ which isn’t functional and usually only sold for parts.

Let’s break some down:

New – This merchandise is unopened with original wrappings intact. You’re likely to pay more for this type of inventory given that it should all be fully functional. The good news is that you can yield a higher return since inventory can be sold closer to retail price.
Customer returns – Customer returns, as the name suggests, have been previously purchased and brought back to stores for various reasons. Oftentimes you can get lucky and have pretty good returns. However, keep in mind that inventory may have been handled/used/worn; it may also have been damaged in transit. While some items will appear like new, typically, you can expect signs of use, ranging from light to heavy.
Dotcom returns – Dotcom returns are typically in better condition than in-store returns: often the original packaging is intact or it may be brand new/unopened. There are a few reasons for this including the likelihood of a consumer to order two or three styles of the same thing and send back the ones that don’t work or the item may have been shipped incorrectly/undelivered.
Overstock – Overstock inventory is inventory that was not able to sell within an efficient amount of time at the retail locations. These items have never been purchased by a customer, and therefore, are not returns and should not be defective.

  1. Set a budget
    Your budget will depend on the type of inventory you’re after. Liquidation pallets are a good deal because inventory is already deeply discounted. Retailers and manufacturers are trying to move the inventory as quickly as possible. In order to recover some of their losses (and free up warehouse space), they will need to sell it to the highest bidder. We’ll touch on that later.

Many resellers get started with savings of their own. You really only need anywhere from a few hundred bucks to a couple thousand dollars to win your first auction depending on the auction size and category you’re in! There are also a couple of financing options you can look into such as Behalf, Fundera, and Kabbage. If you want to find other funding options for your small business, check out sba.gov/funding-programs.

  1. Choose your sourcing method
    Now that you know what kind of inventory, product condition, and budget you have in mind, you can decide where you will make your purchase. These are some common places you can find pallets for sale:

Factory direct
Buy merchandise directly from a manufacturer online. Purchasing pallets of factory direct merchandise requires you to order a large quantity if you want to get the best discount.

White labeling
Another option that some business owners like is to have third-party manufacturers label products branded in your company’s name. White label products are manufactured in mass quantities but then offered to many different sellers to add their own branding. This method takes the hassle out of manufacturing your own products, but will also require you to fork over the capital to get things in motion.

Distributor
You will definitely want to shop around for sites with decent reviews. Think of distributors as go-betweens who purchase the huge quantities required by manufacturers, then sell at a mark-up to retailers.

Wholesale
Wholesale usually means you’re ordering large quantities of new, and more expensive inventory. As we said earlier, bulk buying is definitely worth your while. That’s still true. However, you will be pigeonholed into pricier inventory that may not be what you’re after. Not to mention, wholesalers are the middlemen – so there will be significant markups. Wholesale is also not immediately accessible, you need to get your wholesale license and connect with reliable distributors.

Online auction sites
You can search for reputable liquidation marketplaces or online auction sites, like B-Stock. Inventory comes directly from retailers and with the auction model, the highest bidder wins! Most online liquidation marketplaces require you to register to become an authorized buyer. With your resale certificate in hand, this is no problem. By setting your own price, you never spend more than what’s in your budget.

Public marketplace sites
Check marketplaces for local items on Facebook Marketplace and eBay products online. There are two cons here. On Facebook Marketplace, your search is limited by physical location radius. And on a huge platform like eBay, your search is spread far too thin.

If connecting with trustworthy distributors and wholesalers sounds like a lot of work, that’s because it is. And if you don’t have the storage for bulk ordering that is required with the white labeling and factory direct options, then liquidation pallets are still a good bet for you!

  1. Browse auctions online
    When you look at auctions online, you should consider the following; do you want to buy liquidation pallets from a specific store? What auction size are you looking for? These two questions to start will help narrow your search and not overwhelm you with options.

Next, ask yourself if this is the product condition you want? Are you okay with mixed inventory? Do you want to find pallets for sale within the same category? Finally, have a price in mind for the highest you’re willing to pay for that inventory and what others are bidding. Factor in shipping costs to avoid any surprises later!

  1. Compare pricing & buy!
    Always compare the pricing to what other resellers are listing the same inventory for. That way, you can see what you’re up against and if it would be profitable for you.

Some buyers with larger operations go for quantity. Think of it this way – if you spend $1,000 on a pallet with 750 individual units of goods – you’re paying $1.33 per unit. That doesn’t tell the full story though. Once you break up the inventory and resell it, depending on the contents, your profits could be nominal. The cost of shipping, buyer’s premium fees, and listing fees are costs that add onto the price of one individual unit. So always calculate your profits beforehand and shop around. Consider category, condition, MSRP, delivery fees, and of course, potential profits.

  1. Shipping logistics
    Shipping and delivery are two crucial parts of purchasing liquidation pallets. If you live close to a distribution center that allows you to pick up pallets for sale this could be a fantastic way to save money. With your own truck and loading equipment, you can save a good chunk of change this way rather than shipping pallets to you — your budget will thank you!

Keep the shipping method in mind. How do they ship? Certain retailers will include free shipping on the first 100 miles. Or, they go with binding shipping. With binding shipping, the cost will vary depending on different variables including zip code, weight, density, number of pallets, how many pallet spaces will be used during transport, and a few other factors. Generally though, the further it is, the more it will cost. You can often filter for auctions closer to you in order to avoid that headache!

How to Find Pallets for Sale on Palletszone
Palletzone helps qualified business buyers find and secure the right inventory for your business’s needs. Whether you’ve just started your reseller journey or are looking to ramp up your inventory sourcing, we can help. There are three main channels to shop liquidation inventory on Palletszone.

This is how to find pallets for sale on Palletszone:

Palletszone Auctions – Search across all B-Stock liquidation marketplaces by category, region, retailer, or even specific products.

Palletszone Supply – Supply sellers range from Fortune 500 companies to small or medium-sized businesses. It’s a good starting point for buying smaller quantities if you’re not quite ready to dive into a full pallet, LTL (less than truckload), or FTL (full truckload) of merchandise.
Palletszone Private Marketplaces – 65+ private marketplaces for today’s largest retailers and manufacturers including Amazon, Target, Walmart, Home Depot, Best Buy, Unilever, Ashley HomeStore, AT&T, and more.
Finding liquidation pallets for sale is one of the best ways to get inventory from brands your customers love and at a good price. Luckily, with B-Stock, it’s a breeze!

Join the largest global network of Palletszone liquidation marketplaces.
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