
Wholesale Pallets for Sale: A Playbook for New Resellers
Wholesale Pallets for Sale: A Playbook for New Resellers
Introduction
When starting up a resale store on eBay, Amazon, or even Walmart. One of the questions you have come across is How do I find stuff to sell? This blog addresses one potential solution to that question.
Wholesale Pallets (pallets for sale).
Buying wholesale pallets for sale can be an excellent way for you to source inventory. Usually, the price on these pallets is low, and the quantity is enough for someone who is just starting in the resale space.
But buying your first pallets ever is still a nerve-racking experience if your budget is tight and you need to turn a profit to put toward the next purchase.
We create a checklist to help new buyers succeed when deciding what to buy and where to buy pallets.
Do Your Research First
Before buying anything, you need to do your research. Use Google Trends to help identify what people are searching for. Seasonality also plays a massive role in this. Then, once you have a trend in minutes, look at what those items are currently selling for on different marketplaces.
Before You Use the Checklist
Now that you have locked in the categories of items you are sourcing, there are still a couple of steps before you can use our checklist.
Most places that sell wholesale pallets for you require some kind of resale or reseller’s permit. The reason for this is mainly to make sure you can buy the pallets for tax exemption and resell them to consumers.
Now it's time to put your research to work and look for the products you want. There are a variety of websites that sell pallets. Commerce Central also provides a variety of wholesale pallets, available in catalog format for those looking to buy pallets. If you are not familiar with what catalog format means, it means we sell them at the SKU level, and there is usually a Minimum Order Quantity.
Wholesale Pallets Check List
1 Manifest or Unmanifested
First thing you should consider when deciding to buy a pallet is whether it is either manifest or Unmanifested. This means, is there a detailed receipt of what you are buying? If you are purchasing a Manifest Apparel pallet. The manifest should include each line item from the pallets, along with the different sizes and varieties. What you see in the manifest should be what you get when you check it. Unmanifested is the opposite of that; when buying, you won't know each line item on the pallets. But you should still get a description of what it is and know how many units are on the pallets.
There are pros and cons for both; going into detail would require a separate blog. But as a first-time buyer, Manifest is the safer bet, while unmanifested is less expensive but higher risk.
2 Photo Evidence
When you see a listing of these pallets, you may not get the full details. If you don't see a clear picture, you can always double-check with the seller if they have a picture of the products. If there is none, proceed with caution.
3 Product Conditions
Make sure you pay attention to the conditions listed. Are you buying “New”, “Like New,” “Used,” it is a Return? Closeout? This should give you a good idea of what you are getting. If it's not New, make sure you know what kinda of packaging it's in, as this could add to your costs if you need to repackage them for resale. It also impacts the margin you can get, so when you are doing your research, if the items are reselling for 20 dollars at New and you have a pallet of Like New or Used, you most likely won't be able to sell them for 20 dollars.
4 Freight Cost
Where the product is located will impact the final price of the pallets. Even if it is a reasonable deal, the freight cost to get it to you could turn that good deal into a break-even or even a loss. So make sure you account for that. Commerce Central has built a shipping calculator that provides a great estimate of shipping costs!
5 Purchase and Paperwork
Make sure payments and paperwork are stored, just in case there are any disputes or issues with the pallets, so that you can resolve them with the seller.
In Summary
In Summary, utilize this Checklist to help you get started. It's exciting to begin your journey in the entrepreneurial world and start your own business. You should do your research, but you also need to take risks. This checklist is a starter guide. As you grow your business and learn what sells and what doesn't, it will shape how you continue to source. Remember to always pilot test, figure out what works, scale, and repeat as you start sourcing more and more categories.
FAQ: Wholesale Pallets for Sale (For New Resellers)
Q1) What are “wholesale pallets for sale” and why should I consider them when sourcing inventory?
They are bulk lots of products sold on pallets, usually at great discounts, intended for resale. Pallets for sale. For new resellers, the price is generally low, and the quantity is manageable for a first purchase. But always consider if it manifests or is unmanifested.
Q2) How do I figure out which products and categories to buy first?
Do research before buying. Use Google Trends to see what people are searching for. Then account for other factors, such as seasonality and competition, and check the price points at which those items are selling on different marketplaces.
Q3) Do I need a reseller’s permit to buy wholesale pallets?
Short answer: Yes, most places that sell wholesale pallets require a resale or reseller’s permit so you can buy tax-exempt and resell to consumers.
Tags:
More from the Commerce Central Blog
Unlock your inventory’s
full potential
Unlock your inventory’sfull potential
Join the only private surplus distribution platform built for trusted Buyers and Sellers.