TRASH OR TREASURE
Where to buy liquidation return pallets in the UK
And how you can make money from them
LIQUIDATION return pallets are a way that shoppers can make some extra cash amidst the cost of living crisis.
The buying and reselling of the pallets has provided some customers with success stories but the process doesn't come without some major risks.
1
What are liquidation return pallets?
Liquidation return pallets are boxes filled with assorted items that cannot be sold in a regular store.
There are a number of reasons why these items cannot be sold, for example damage to the products.
Pallets may also contain surplus stock from businesses.
Reselling items that cannot be sold in-store means that companies still generate some income from those products.
Read more on PALLETS
Another benefit is that customers have the chance to get their hands on some of their favourite items at a fraction of the price.
John Lewis, Amazon, Argos and Very are a few of the popular UK retailers that sell liquidation pallets.
Most of the time pallets cannot be returned so you should think carefully before parting with you cash.
Where can I buy a liquidation return pallet in the UK?
There are plenty of retailers selling pallets online and they are often organised by category, lot size, brands, retailers, and location.
Most read in Fabulous
Categories include health and beauty, toys, household, clothing, and electricals.
Liquidation return pallets often display an estimated value and are almost always sold by auction.
I spent £490 on a returns pallet from one of my favourite furniture stores - I had to drive to WALES but got £4k of goodies
If you win a pallet, you can pay to have it delivered to your location or pick it up.
Amazon's liquidation pallets can be bought directly through the retailer's auction programme.
Amazon Liquidation Auctions is the official marketplace where customers can buy surplus stock directly from the e-commerce giant.
In the UK you can register on the Amazon Europe Liquidation Auctions marketplace separately.
All you need to do to bid on an auction is register with B-Stock and once you're approved, you're free to bid.
There is no fee required to apply or for being an approved buyer but you will need to be a valid reseller in order to apply.
Who else does return pallets?
There are various sites that sell liquidation return pallets from a variety of places.
With the sellers on these sites, you won't have to wait for an auction to come around.
Below is a list of retailers that sell return pallets:
- Wholesale Scout
- B Stock
- MartHill International
- Gem Wholesale
- Brit Deals
- Merkandi
- Wholesale Clearance UK
- i-Bidder
- Jobalots
- Ebay
Can you make money off liquidation pallets in the UK?
There are some shoppers who have managed to make decent money by buying and reselling items from liquidation return pallets.
Some people have even been able to make a living out of refurbishing and selling items.
Many have taken to social media to share their success stories and show how they made their cash
One couple, Jamie and Sarah McCauley, revealed that they were even able to make enough money to cover their mortgage payments by selling off their return pallet items.
The duo bought two boxes full of returned electrical equipment for £750.
They then found four Nespresso machines, two microwaves, two deep fryers, and three air fryers in the pallets.
READ MORE SUN STORIES
Unfortunately not everyone has enjoyed the same fate as many items in the pallets are sold with some faults or damage, meaning it is hard to make a profit on them.
You can - of course - get these items fixed before attempting to resell but this comes at a cost to the reseller.
What is retail arbitrage and how does it work?
Retail arbitrage just means reselling a product on for profit.
It is completely legal in the UK, as, once you own an item, you have the right to resell it.
Using an app called BuyBotGo, resellers scan items they find in the supermarket, and the app tells them how much the products are selling for on Amazon, and how many times they have been sold in the past month.
The reseller will make a profit on the items by reselling them using Amazon FBA.
Amazon FBA is a service that online sellers can use, where Amazon takes care of the storing, packing and shipping of your products.
So all the reseller has to do is send the products off to Amazon and wait for the money to roll in.
Topics