People who are out to make a quick buck will not have repeat customers and constantly have to look for new customers. Building a trustworthy business/relationship with your customers will get you repeat customers and word of mouth is everything. Great video!
The only one that never fails is one that has never tried, or taken a chance at doing better. It's not so much of a mistake as it is a vast amount of knowledge gained at a cheap price. Thanks for the education.
I bought a HD pallet a year ago. It was a high piece pallet. I did make my money back and a few extra dollars but there was a lot of junk and stuff with missing pieces. I wouldn't get another one, that's for sure
Yup, i completely agree. By the time people like you and I can get our hands on them, they've been picked though and the prices are much higher. its a lose lose situation...
You win some and you lose some. This was definitely a lesson learned in purchasing wholesale liquidation items. These were more than likely salvage pallets of customer returns and the seller did not advertise as such.
Do you have a way to email you or how to contact you I started trying buying college and dismal pallets from auction I tried one from Liquidation off auction what I paid for it was 200 plus 100 chipping and when I got it it was not my money was not in there and then I've tried several couple different things and dropshipping and nothing's worked out of keep getting screwed on all of it man I'm I'm disabled and paralyzed from the waist down I got a lot of health issues and I'm pretty much bedridden and I got to do something with my life I can't do this and just not do nothing and just said lay here until I die I don't care if I just break even but I got to do something with myself and nobody will straight-up just come out and tell me where I need to go or how we need to go about getting pallets or anything or nothing they didn't nobody will tell me anything and I didn't know if maybe contact you and kind of touch base with you about some of it if you could just point me in the right direction I'm using Speech-to-Text right next to my glasses on but I live in Illinois. My business lies is my resellers license my AEF EIN number I'm registered with the state of Illinois I got all my ducks in a row I just need pointed in the right direction
i met a black guy on the streets while weed shopping. said he was also selling some return pallets for a thousand each. i was soo happy. i bought one and when i got home and open it up. it was filled with rocks. i soo smart. the weed was good though.
I've bought pallets of HD returns before but luckily I'm pretty handy and have time. It's alot of work but I can triple my money and often ai have to order replacement parts or rig things up. When ai resell the product I'm always honest to my buyers...I tell them any repairs I made and offer them at least a week to run the tools etc to show that they work
yea that pretty good right there. You should be handy and have time... I've done pallets of sporting goods, tools, clothes, electronics, etc.... most of the stuff needed some TLC. with time and skill, you can make some $ in this business... but so can the guy before you....
Thanks for watching. I've learned now how to avoid these guys. Yet they keep appearing everywhere. I just ask them all the questions they don't want to hear, then they end up saying that's just how it is and I just walk away at that point. Some people are just straight up dishonest...
Im also in Texas . I'm looking forward to getting my own small business doing this and it's good to know there so e shadyness to it. But before starting any business it's also good to know what to look out for. This helps alot bro thanks good thing I saw this. There this one place across the street from my job that sell pallets for 300 but if I have to go far to get a good deal I will . I don't see much going across the street theres probably a reason lol . I'll be patient .
@@dreadglizzy1027 Yes, if the deal seems too good to be true, it probably is. The best deals are when you buy a single item for personal use, or you buy from a liquidator that deals in mass volumes because you know they don't have time to go through it first and pick out the good stuff. Good luck, keep me posted. =)
This exact thing happened to me two weeks ago. She had totally went through the pallets. I later found out that the walls of her store is lined with tools for sale. I would have never bought from her if I’d known that in advance. I spent $1,375 😳
eeeeh, that hurts! The pallet business is not what it used to be. Unless you are buying the whole truck or get a manifested pallet, i would stay away. Some of these pallet sellers have no shame. Sorry, you spent so much and lost. =(
I hear you! I ended up selling all the broken tools to a guy that exports tool parts to Guatemala... Especially with Home Depot customer returns, you will get burned... Its the nature of the game!
I would say to check facebook marketplace. or bulq.com or liquidation.com. Buyer beware, its a business and people aren't just giving stuff away for free. trust your gut and good luck.
I've never used them before, but the same rules apply to all pallet sellers and customers. Have to be careful and know what you are buying. If it.was easy and guaranteed, then everyone would do it.
No, i bought it off of a guy on the Local Facebook Marketplace here in Houston. Turned out to be a bust obviously. But you live and learn. Thanks for watching.
Hey thanks for watching. The pallet side of liquidation is so hard right now. Unless you are buying the while truck, untouched and manifested, you are probably buying someone elses junk. You can try liquidation.com, bulq.com, bstock.com and see what you can find. At this point i dont trust any local facebook or craigslist sellers selling individual pallets.
there are no official resellers. There are just major liquidators at the top who get the best deals first, but they buy in mass quantities. check out bulq.com or liquidation.com
Damn that stinks... don't get discouraged because of this one guy from HD pallets. I do really well with HD pallets in the Atlanta area, but there are a lot of liquidation warehouses around here
Every item has different restrictions on returns. There are some items that get returned to manufacturer, but most items go in the general liquidation pile. A lot of the items I find in the home depot pallets are house brands like Ryobi. For example, this drill is very common with Homedepot customer returns: amzn.to/3yvqM7y its actually a nice drill, but i've seen it in liquidations pallets quite a bit. Thanks for watching! -Tony
Dude. I think I bought from that dude. He is in Spring Branch near San Antonio now. If you notice the home depot stickers. All the ones he had for sale individually had red Home Depot stickers. The pallet I got had yellow and green HD stickers. What do the stickers mean? Someone from HD educate us please.
I wouldn't be surprised, he's probably jumping around. I also wouldn't be surprised if its someone else too. There are a ton of dishonest sellers out there. I come across them all the time. So i've come to find out what the colors mean. The green means its probably in excellent shape, the yellow means to use your better judgement and the red means trash or salvage. These colors are determined by the home depot employees during a customer return. If i saw a pallet of all green stickers i would buy it. This is what I know now that i wish i knew then. Stay far away from red...
This is great! I noticed the stickers too. I tried to distinguish between a more expensive box vs a less expensive ones color sticker but they were all the same color. I wanna say orange or was it green?! 🤔 Idk. Lol
When you get a truck they will not always be the same price. Some trucks come with pallets of plastic tubs or bubble wrap etc. Others will be all tools on load. All trucks will have different prices. Also anyone manifesting loads are cherry picking!
Thanks for watching! Yes its a very risky business. i'm 100% sure that he already cherry picked and was not honest with me. I've seen some very good loads and some very bad ones as well. This load might have been good, but he definitely sold me the junk. Lesson learned! =(
Can you please tell me the street and city? I am just starting. Bought home depot. That is what they told me too. Untouched he said. Please or suite number?
Thanks for watching. You can buy direct from Home Depot or any major retailer, but you need to have contracts to purchase these truckloads weekly. Sometimes even multiple trucks. That's the only way you can "guarantee" that nobody has picked through them. You have to have a business and space for all that. The next best thing is to buy from someone who buys from them (retailers) direct. So that makes you second in line... This guy that i bought from was probably about 4th or 5th in line, making me probably 6th in line, and trying to sell the left over "junk" to the final end consumer. That's a big time lose-lose situation. Always ask for a manifest or at least a retail value per pallet. If they say they dont have it, then they are either not buying direct from the source, or they already picked through it and dont want you to see that there are missing items. Best thing is to Google liquidators in your area, or check out liquidation.com or bulq.com. I have never bought from them, but they are pretty reputable. -Tony
Thanks for the advice. I'm looking for a good source in Texas to buy truck loads and pallets. What wholesale liquidators are you using? Thanks & Good Day !!! Marshall
Hi, Jesus. Thanks for watching my video. I would say the best deals you will find are going to be from local sources. Wherever you live, check the facebook marketplace and google wholesalers in your area. Of course you can always find sources outside of your area, but shipping will always be a big factor. The closer you are to a source, the cheaper it will be. Most of my sources are within 50 miles of me, so shipping and delivery is usually pretty good, most times I just pick it up myself. I wish I could just tell you where to go and who to buy from and what they have available, but its going to be different for everyone depending where you live. I know liquidation.com and bulq.com have truckloads and pallets to sell, but i personally have not purchased from them. I have never purchased home depot pallets other than the 1 on this video, I try to stick to sporting goods mostly. from time to time ill venture off and try other stuff. Thanks again for watching -Tony
I am shopping for Home Water heater Tank and I see some of them on face book brand new from home depot should I buy them? Is the warrnty works? How is taking the warrnty. Ownership
If you buy from facebook marketplace you probably are buying as is. There is no warranty unless you buy from the actual store. Unless the price is very good, please know what you are buying because some of these sellers will sell you junk then ignore you when you have problems.
Thanks for this amazing video! I'm very interested in this business and looking for all the information I can find, I really appreciate the heads up:). You have earned a subscriber!😃
Whoooo! Thanks for the sub! Glad I was able to help you as you begin your journey into the wholesale liquidation world. Yes there is a lot of money to be made out there, just have to be careful with who you trust. =)
Well, i know some people who do that same thing, they sell palets like $700 to $1,200 and they have a shop. They are doing the same think that you are describing. Now you make me think. Maybe is the same store. They say that they check the pallets to tell you what tools work and what is missing in thr box, now that you post this videos. I am thinkig, why are they checking the tools if they are selling the pallet, they do not need to check what tools are working if they are selling the pallet how it is. Right?
Jhon, you do have some good points and observations. There is a way to sell individual tools and also sell pallets. You have to be clear and transparent with what is in the pallets. If someone sees you selling pallets and individual tools, they will be suspicions. But if someone is selling individual tools, but the pallets are manifested and very clear, then I will feel much better about the purchase. Kind of like buying in bulk with a discount. I highly doubt anyone who sells individual tools and pallets is not already going through the pallets first. If they are selling tools on the side and also saying these other pallets are untouched, I will NOT believe them anymore. A huge company usually will not take the time to sort everything out in a pallet. A small guy in a storage unit will probably sit there and figure out what he can sell individually (working tools) and sell the other stuff (non working tools) in bulk pallets. Not saying that everyone does it, but it is a business and no one is leaving money on the table for someone else. Thanks for watching, hope this helps.
@@ForeMoney yeah, you right, for some reason they check all the tools that are in the pallet, if you are in Texas I think who are they. I think is the same people that I talk too. Thats good that I just watch the video I don't want to lose money. Thanks for post this video.
Homedepot, Lowes, Amazon and Walmart pallets are the easiest pallets to find. Just check the facebook marketplace for "pallets" and you find a bunch of them there. Depending on what area you are in, you will find a lot. The Houston area is full of wholesale liquidation sellers and resellers. Probably too much if you ask me... If you are good with fixing tools, then its probably a good deal for you. If you just want to resell as is, maybe it wont be so good for you. Try sticking to something like Amazon or Target liquidation.
I am a Home Depot Contract Holder out of Oakland Park, FL He lied to you. He went through them and put the junks together as pallets sale them to you. There’s no way really good Home Depot pallets will go for $300 no way
Yes, thats all fine and dandy when you are aware upfront. but he told me it was untouched and priced randomly... which makes no sense. he only priced them differently because he knew what junk was is there.
The most accessible pallets are home depot, amazon, walmart, and lowes. It is difficult to not get burned if you are buying only 1 pallet. They only way to actually not get burned is to find a local source that is trustworthy or buy the whole truckload. Buying the whole truckload is the easiest way to not get burned, but it does cost a lot. a truck of home depot or lowes can cost anywhere from $2,800 to $9000. just depends if its salvage or even online returns. I only buy local. I would suggest to go see a pallet dealer in person and use the tips from this video to make sure they are not scamming you. check the local facebook marketplace for sellers as well. or check out liquidation.com or bulq.com. I have never used them, but i do know they sell truckloads of a lot of stuff, plus shipping. which is why i recommend to buy local. Thanks for watching.
yup. I'm right there with you. buying the full truck is the way to go. Finding the right source is the hard part. Once you find one, keep it! That was a good profit right there!
There is a guy on tiktok that does this exact same thing! I came to RUclips to find if anyone has bought from him...people pay thousands of dollars! And says the same thing you are saying!!! Then he says some may work some may not! That's a red flag! I feel sorry for the people who go there and try to make a quick buck!
The best place is to check your local facebook marketplace. That way you can avoid the shipping cost because these things are expensive to ship if you just buy 1. You can also check liquidation.com or bulq.com.
Great points,…nice list of red flags. I recently bought tools from what I believe are some decent tool pallet buyer. All tools work so far. Important to test them.
Thanks for the tips. Am I going to have a hard time getting started if I don't have any reviews? How can have customers buy from me with confidence if I am new to the business?
Hi, Helen. Thanks for watching. It will get easier over time, you just have to get started and build trust with each customer. The best policy is to be honest with everything you do. If you're going to be selling on Ebay, Craigslist, Facebook, or even at a garage sale or flea market, you have to be honest with everything. You have to take good pictures of everything, write a good description. Even if what you are selling is completely broken, as long as the seller knows exactly what they are buying, and both of you are on the same page, you will be ok. Where do you plan to sell mostly? Online?
@@ForeMoney Thanks for quick response. I’m looking at a pallet from a local liquidation store. My plan is to utilize FB market and maybe eBay but was told shipping can be rough with eBay. The owner at the liquidation store, who just opened his business says he has a list of places he’ll give me where it’s best to sell-says if he helps me succeed, he will succeed because I’ll be back for more pallets. Sounds legit, right? He sells 75% of his pallets for $470. One of the red flags you mentioned is he does have open bin sells and he has shelves of units individually for sale that he also sells in his pallets. It’s tricky, but I think it’s worth giving a shot since I can’t find employment.
@@i.helenszulewski9254You are right about shipping. Unless it small with high value, the shipping will eat your profits. Plus ebay fees and capital gains tax as well. If you buy an item for lets say $25 and sell it on ebay for $75. assuming you offer free shipping ($10 to $15 from your pocket), plus ebays approximate fees of 15%. you will profit about $20 to $25 after taxes. If you sell that same item locally you can avoid the shipping and fees. Still have to pay capital gains tax, but thats for you to decide how to handle your personal taxes. As far as the liquidation guy, its good that you are buying local, just be careful with what you are buying. Glad you pointed out the red flag that he sells the same items individually on the side. He will swear up and down that the pallets are untouched, but remember that people do this to make $. Yes he's right, if you succeed so does he, so he could be an honest guy and telling you thats how they came off the truck. If you can risk $470 one time, go for it. Trust your gut... If you make a profit and its worth your time, buy another one. If you lose money and ask him why that was the case, he's going to say maybe you got one of the "rare" bad pallets. I've been there, it happens, i've heard it all. Also ask him for a manifest. If they are all the same price, he either split them up and evened each pallet, or thats how they came and he's selling at an even price so its fair for everyone. Just in the end, be comfortable with your choice and make sure its worth your time. As far as where to sell... Heres the answer... Facebook, Craigslist, local flea markets and swap meets. Personally individual items on facebook sell well for me. Ebay is ok for high dollar items that dont weigh much and you are positive they are in working condition. or sell them as parts only...Good luck, keep me posted. Check out my other video where I give 4 great sales tips that i use while selling on Facebook. It doesn't let me link it here for some reason right now. =)
Yep, ran into this today. Luckily it did occur to us that he had a place off to side with the "picked off" stuff. I thought though that you really can't be mad at that tho cause you may do the same, get your first pick! But we didn't like the idea that they had a store selling single items. That sounds like a red flag 🚩 but we are new so... Any way this video helped. Thanx!
I have no issue with someone selling stuff on the side and in pallets. What usually happens is the seller lies about the origins of the pallet. I know for sure now in hind sight that these pallets are picked through and then resold. Glad I was able to help. Always trust your gut!
Thanks for watching! This is information that people need to know about the wholesale liquidation world. Its not all hidden gems and gold in every pallet. Unfortunately there are scammers in the industry and we just need to be careful who we buy from. Good luck out there, Roberto!
Better hope you're not acting as a fence unknowingly. I know people who got 2nd degree felonies for that, especially if you've done it a while using the same supplier and it's being tracked.
That's were you messed up. NEVER buy pallets from personal sellers even if they have a seller's license and seem as legit as you are. The reality is every single reseller that buys and then resells whole pallets goes thru them and picks the good from the bad and if they tell you otherwise then rest assured they are lying. The return pallet game is only profitable if you buy from pallet auctions that are from the big corporations directly or go to a warehouse of a big corporation and buy them from them directly. For example only buy home Depot pallets from a home Depot warehouse or a home Depot rep at a big pallet auction sale. Also when you go to sell it do it item by item not the whole pallet. Even if your trying to be honest the whole pallet won't sell, serious resellers only purchase return pallets from a big name brand company because they know the information I'm sharing and they're not going to chance getting burned. Once you've purchased from the correct source just itemize the pallet and you'll have nice inventory that will sell. All you need to do this is a resellers license and space to store the merchandise of and obviously a truck to transport the pallets. I'm hope this helped
I did end up selling most of the very broken stuff to a scrapper. He said his brother fixes them up with mix and match parts and sells them. More power to them, but not my cup of tea. lol. Thanks for watching. =)
Dude, quit all that crying. Obviously you got ripped off because you weren't paying attention. You clearly had zero idea what you were doing. I paid $2k for my first pallet and lost $600 -- nearly twice what you paid for that crappy little pallet. This isn't magic money, and your always gonna have to test and repair it you wanna maximize profit. Live and learn. Buyers: the only thing you should take from this video is to not be oblivious. Pay attention, deal with a reputable liquidator, and look before you leap, and you'll do fine.
Thanks for watching. And thanks for the tips. It wasn't a video to gripe or vent about getting burned, it was merely to warn others that there are resellers out there who will deceive you into buying something that its not. This was very early on in my wholesale liquidation journey. At the time, like most people starting out, we don't have reputable sources to buy from. This experience opened my eyes to the many risks of this business. Since then I only buy from sources I now trust. Seeing as how you got burned for $600 as well, I'm sure you appreciate tips from others as well as helping people who are just getting started. Yes at the time I was oblivious, not paying attention, not dealing with a reputable liquidator, but also eager to get started. Like you said its not magic money, but that's how you learn, from making mistakes.
Doood. You baught from an individual on FB marketplace selling “return items” out of a storage unit....THAT WAS THE RED FLAG!!! 😂 of course you got burned! You buy liquidation pallets from venders, NOT from individuals. Anyone selling tools that are obviously new/unused on FB, CL, Offerup (the worst!), Letgo, etc. IS A LIAR! None of them are in the business of helping people save money! That doesn’t even make sense! “Facebook Marketplace”! The fuck outa here!😂
yea lesson learned.... I am a pretty successful and honest seller on Facebook Marketplace. I just hoped I would receive the same treatment... Not doing that again... thx for watching. =)
People who are out to make a quick buck will not have repeat customers and constantly have to look for new customers.
Building a trustworthy business/relationship with your customers will get you repeat customers and word of mouth is everything.
Great video!
Yup! You got that right! Have to treat them right so they come back.
There's a sucker born every min. Always a new mark for a con-man.
The only one that never fails is one that has never tried, or taken a chance at doing better. It's not so much of a mistake as it is a vast amount of knowledge gained at a cheap price. Thanks for the education.
Right on, my friend. Knowledge gained far outweighs any money or time lost! You are 100% correct!
I bought a HD pallet a year ago. It was a high piece pallet. I did make my money back and a few extra dollars but there was a lot of junk and stuff with missing pieces. I wouldn't get another one, that's for sure
Yup, i completely agree. By the time people like you and I can get our hands on them, they've been picked though and the prices are much higher. its a lose lose situation...
Cant give up , keep going
You win some and you lose some. This was definitely a lesson learned in purchasing wholesale liquidation items. These were more than likely salvage pallets of customer returns and the seller did not advertise as such.
Do you have a favorite company you buy pallets are boxes from? With so many its hard to know whos legit.
If it isn't an auction liquidation, I wouldn't buy it.
@@brianparent Yup! I know that know. Big Lesson learned!
Do you have a way to email you or how to contact you I started trying buying college and dismal pallets from auction I tried one from Liquidation off auction what I paid for it was 200 plus 100 chipping and when I got it it was not my money was not in there and then I've tried several couple different things and dropshipping and nothing's worked out of keep getting screwed on all of it man I'm I'm disabled and paralyzed from the waist down I got a lot of health issues and I'm pretty much bedridden and I got to do something with my life I can't do this and just not do nothing and just said lay here until I die I don't care if I just break even but I got to do something with myself and nobody will straight-up just come out and tell me where I need to go or how we need to go about getting pallets or anything or nothing they didn't nobody will tell me anything and I didn't know if maybe contact you and kind of touch base with you about some of it if you could just point me in the right direction I'm using Speech-to-Text right next to my glasses on but I live in Illinois. My business lies is my resellers license my AEF EIN number I'm registered with the state of Illinois I got all my ducks in a row I just need pointed in the right direction
Different ricing too! Not opened anything yet
i met a black guy on the streets while weed shopping. said he was also selling some return pallets for a thousand each. i was soo happy. i bought one and when i got home and open it up. it was filled with rocks. i soo smart.
the weed was good though.
I've bought pallets of HD returns before but luckily I'm pretty handy and have time. It's alot of work but I can triple my money and often ai have to order replacement parts or rig things up. When ai resell the product I'm always honest to my buyers...I tell them any repairs I made and offer them at least a week to run the tools etc to show that they work
yea that pretty good right there. You should be handy and have time... I've done pallets of sporting goods, tools, clothes, electronics, etc.... most of the stuff needed some TLC. with time and skill, you can make some $ in this business... but so can the guy before you....
How do you buy liquidation stuff
What if you just wanna get a tool pallet for personal use and split up between friends? Any good sources or recommendations? Thanks for the info 🤙🏻
Who do you purchase from now just curious I'm from Indiana
Hey man thanks for looking out. People like that make me sick.
Thanks for watching. I've learned now how to avoid these guys. Yet they keep appearing everywhere. I just ask them all the questions they don't want to hear, then they end up saying that's just how it is and I just walk away at that point. Some people are just straight up dishonest...
Im also in Texas . I'm looking forward to getting my own small business doing this and it's good to know there so e shadyness to it. But before starting any business it's also good to know what to look out for. This helps alot bro thanks good thing I saw this. There this one place across the street from my job that sell pallets for 300 but if I have to go far to get a good deal I will . I don't see much going across the street theres probably a reason lol . I'll be patient .
@@dreadglizzy1027 Yes, if the deal seems too good to be true, it probably is. The best deals are when you buy a single item for personal use, or you buy from a liquidator that deals in mass volumes because you know they don't have time to go through it first and pick out the good stuff. Good luck, keep me posted. =)
you should say that source name
I wish I could, but i don't want to go down to their level. Its all good, I know better for next time. Thanks for watching.
You can message Berry 👆👆.that if you still need Just text him ⬆️ ⬆️
This exact thing happened to me two weeks ago. She had totally went through the pallets. I later found out that the walls of her store is lined with tools for sale. I would have never bought from her if I’d known that in advance. I spent $1,375 😳
eeeeh, that hurts! The pallet business is not what it used to be. Unless you are buying the whole truck or get a manifested pallet, i would stay away. Some of these pallet sellers have no shame. Sorry, you spent so much and lost. =(
@@ForeMoney thank you.. I’ve learned a hard lesson and won’t make that mistake again.
@@sherrylouise9495 you are in a better position now. Keep at it.
How do I get a pallet
What source do you buy from that you recommend?
liquidation.com
Same thing happened to me.. now I have tools in my garage storage that don't work..
I hear you! I ended up selling all the broken tools to a guy that exports tool parts to Guatemala... Especially with Home Depot customer returns, you will get burned... Its the nature of the game!
Buy direct from liquidation pallets warehouse or online
Where can I buy from if you don’t mind sharing the info
I would say to check facebook marketplace. or bulq.com or liquidation.com. Buyer beware, its a business and people aren't just giving stuff away for free. trust your gut and good luck.
what about mitchellor tool pallets returns
I've never used them before, but the same rules apply to all pallet sellers and customers. Have to be careful and know what you are buying. If it.was easy and guaranteed, then everyone would do it.
I buy broken pallet of tools. I have fun fixing them sometime there are tools that can’t be fixed
yes, as long as you're honest and say they have been tested and dont work... should be good!
Hey was this auction in Bakersfield CA?
No, i bought it off of a guy on the Local Facebook Marketplace here in Houston. Turned out to be a bust obviously. But you live and learn. Thanks for watching.
@@ForeMoney aww man sorry for you loss appreciate it
@@jordansworld6614 anytime! Good luck out there!
I been selling things on the side but I can’t get a hold of a pallet if you don’t mind me asking where do you buy or where can I start ?
Hey thanks for watching. The pallet side of liquidation is so hard right now. Unless you are buying the while truck, untouched and manifested, you are probably buying someone elses junk. You can try liquidation.com, bulq.com, bstock.com and see what you can find. At this point i dont trust any local facebook or craigslist sellers selling individual pallets.
I wouldn't buy from an anonymous seller. Is there a way to buy from the official resellers of the pallets or are there no official resellers?
there are no official resellers. There are just major liquidators at the top who get the best deals first, but they buy in mass quantities. check out bulq.com or liquidation.com
im in Ga where can i buy or offer to buy some of these pallets or truck load
Damn that stinks... don't get discouraged because of this one guy from HD pallets. I do really well with HD pallets in the Atlanta area, but there are a lot of liquidation warehouses around here
Looking through the comments. Bro. You legit helped me out today. Didn’t have to google what you meant. Your a good explainer.
Thanks for watching! Glad I was able to help!
Items that customer returned back to Home Depot, do they get ship back to the manufacturers or go straight to liquidations?
Every item has different restrictions on returns. There are some items that get returned to manufacturer, but most items go in the general liquidation pile. A lot of the items I find in the home depot pallets are house brands like Ryobi. For example, this drill is very common with Homedepot customer returns: amzn.to/3yvqM7y
its actually a nice drill, but i've seen it in liquidations pallets quite a bit.
Thanks for watching!
-Tony
Dude. I think I bought from that dude. He is in Spring Branch near San Antonio now. If you notice the home depot stickers. All the ones he had for sale individually had red Home Depot stickers. The pallet I got had yellow and green HD stickers. What do the stickers mean? Someone from HD educate us please.
I wouldn't be surprised, he's probably jumping around. I also wouldn't be surprised if its someone else too. There are a ton of dishonest sellers out there. I come across them all the time. So i've come to find out what the colors mean. The green means its probably in excellent shape, the yellow means to use your better judgement and the red means trash or salvage. These colors are determined by the home depot employees during a customer return. If i saw a pallet of all green stickers i would buy it. This is what I know now that i wish i knew then. Stay far away from red...
This is great! I noticed the stickers too. I tried to distinguish between a more expensive box vs a less expensive ones color sticker but they were all the same color. I wanna say orange or was it green?! 🤔 Idk. Lol
@@joyofalltrades1239 Haha, yea those stickers are a good tell. Try to get the Green, Avoid the Red. =)
When you get a truck they will not always be the same price. Some trucks come with pallets of plastic tubs or bubble wrap etc. Others will be all tools on load. All trucks will have different prices. Also anyone manifesting loads are cherry picking!
Thanks for watching! Yes its a very risky business. i'm 100% sure that he already cherry picked and was not honest with me. I've seen some very good loads and some very bad ones as well. This load might have been good, but he definitely sold me the junk. Lesson learned! =(
Can you please tell me the street and city? I am just starting. Bought home depot. That is what they told me too. Untouched he said. Please or suite number?
If the price don't work selling for parts don't throw them away in some cases go to the manufacturers they might actually fix them under warranty
How do you even buy the returns . Is there a way to get the pallets with out buying them from random marketplace people ?
Thanks for watching. You can buy direct from Home Depot or any major retailer, but you need to have contracts to purchase these truckloads weekly. Sometimes even multiple trucks. That's the only way you can "guarantee" that nobody has picked through them. You have to have a business and space for all that. The next best thing is to buy from someone who buys from them (retailers) direct. So that makes you second in line... This guy that i bought from was probably about 4th or 5th in line, making me probably 6th in line, and trying to sell the left over "junk" to the final end consumer. That's a big time lose-lose situation. Always ask for a manifest or at least a retail value per pallet. If they say they dont have it, then they are either not buying direct from the source, or they already picked through it and dont want you to see that there are missing items. Best thing is to Google liquidators in your area, or check out liquidation.com or bulq.com. I have never bought from them, but they are pretty reputable.
-Tony
If it's a whole pallet of just one brand that's a red flag. Return pallets are just whatever is there. A complete mix of products.
yup, big red flag!
Thanks for the advice. I'm looking for a good source in Texas to buy truck loads and pallets. What wholesale liquidators are you using? Thanks & Good Day !!! Marshall
Hi, Jesus. Thanks for watching my video. I would say the best deals you will find are going to be from local sources. Wherever you live, check the facebook marketplace and google wholesalers in your area. Of course you can always find sources outside of your area, but shipping will always be a big factor. The closer you are to a source, the cheaper it will be. Most of my sources are within 50 miles of me, so shipping and delivery is usually pretty good, most times I just pick it up myself. I wish I could just tell you where to go and who to buy from and what they have available, but its going to be different for everyone depending where you live. I know liquidation.com and bulq.com have truckloads and pallets to sell, but i personally have not purchased from them. I have never purchased home depot pallets other than the 1 on this video, I try to stick to sporting goods mostly. from time to time ill venture off and try other stuff. Thanks again for watching
-Tony
@@ForeMoney Thanks
@@jesuslives7456 You're welcome! Good luck out there.
I am shopping for Home Water heater Tank and I see some of them on face book brand new from home depot should I buy them? Is the warrnty works? How is taking the warrnty. Ownership
If you buy from facebook marketplace you probably are buying as is. There is no warranty unless you buy from the actual store. Unless the price is very good, please know what you are buying because some of these sellers will sell you junk then ignore you when you have problems.
Thanks for this amazing video! I'm very interested in this business and looking for all the information I can find, I really appreciate the heads up:). You have earned a subscriber!😃
Whoooo! Thanks for the sub! Glad I was able to help you as you begin your journey into the wholesale liquidation world. Yes there is a lot of money to be made out there, just have to be careful with who you trust. =)
@@ForeMoney Awesome, thanks for all the great advice!
@@vidahappy-frugalspanglishv1528 You're welcome! Thanks again!
Well, i know some people who do that same thing, they sell palets like $700 to $1,200 and they have a shop. They are doing the same think that you are describing. Now you make me think. Maybe is the same store.
They say that they check the pallets to tell you what tools work and what is missing in thr box, now that you post this videos. I am thinkig, why are they checking the tools if they are selling the pallet, they do not need to check what tools are working if they are selling the pallet how it is. Right?
Jhon, you do have some good points and observations. There is a way to sell individual tools and also sell pallets. You have to be clear and transparent with what is in the pallets. If someone sees you selling pallets and individual tools, they will be suspicions. But if someone is selling individual tools, but the pallets are manifested and very clear, then I will feel much better about the purchase. Kind of like buying in bulk with a discount. I highly doubt anyone who sells individual tools and pallets is not already going through the pallets first. If they are selling tools on the side and also saying these other pallets are untouched, I will NOT believe them anymore. A huge company usually will not take the time to sort everything out in a pallet. A small guy in a storage unit will probably sit there and figure out what he can sell individually (working tools) and sell the other stuff (non working tools) in bulk pallets. Not saying that everyone does it, but it is a business and no one is leaving money on the table for someone else. Thanks for watching, hope this helps.
@@ForeMoney yeah, you right, for some reason they check all the tools that are in the pallet, if you are in Texas I think who are they. I think is the same people that I talk too. Thats good that I just watch the video I don't want to lose money.
Thanks for post this video.
@@mejhon6592 You're welcome, good luck.
Great video I'm about too star this business.
Nice! Good luck with everything. Keep your eyes open! Trust your gut!
Pallets don't come priced off the truck though at Home Depot. Neither do individual items.
So where to buy home depo pallets ?
Homedepot, Lowes, Amazon and Walmart pallets are the easiest pallets to find. Just check the facebook marketplace for "pallets" and you find a bunch of them there. Depending on what area you are in, you will find a lot. The Houston area is full of wholesale liquidation sellers and resellers. Probably too much if you ask me... If you are good with fixing tools, then its probably a good deal for you. If you just want to resell as is, maybe it wont be so good for you. Try sticking to something like Amazon or Target liquidation.
I am a Home Depot Contract Holder out of Oakland Park, FL
He lied to you. He went through them and put the junks together as pallets sale them to you. There’s no way really good Home Depot pallets will go for $300 no way
Yea unfortunately I was lied to and also fell for it. I learned my lesson. Yea the good pallets go for much more...
How do you become a Home Depot contract holder
@@derekplaytime9531 That would be interesting to know.
I mean my legit place puts different prices depending on the pallet
Yes, thats all fine and dandy when you are aware upfront. but he told me it was untouched and priced randomly... which makes no sense. he only priced them differently because he knew what junk was is there.
we want to buy pallet can you guide me
Where can I buy tools like this
Where can i buy directly so i wont get scammed.
The most accessible pallets are home depot, amazon, walmart, and lowes. It is difficult to not get burned if you are buying only 1 pallet. They only way to actually not get burned is to find a local source that is trustworthy or buy the whole truckload. Buying the whole truckload is the easiest way to not get burned, but it does cost a lot. a truck of home depot or lowes can cost anywhere from $2,800 to $9000. just depends if its salvage or even online returns. I only buy local. I would suggest to go see a pallet dealer in person and use the tips from this video to make sure they are not scamming you. check the local facebook marketplace for sellers as well. or check out liquidation.com or bulq.com. I have never used them, but i do know they sell truckloads of a lot of stuff, plus shipping. which is why i recommend to buy local. Thanks for watching.
@@ForeMoney
Thank you. Will try a whole truck hopefully find one in dalllas area
@@GG-zj7gk Sounds Good. Good luck. =)
@@GG-zj7gk Sounds good! Good luck! Keep me posted. I'll make a trip up there and we'll do an unboxing of a whole truck!!!
@@GG-zj7gk You can message Berry 👆👆.that if you still need Just text him ⬆️ ⬆️
Brand new to this. Thanks for the Red Tags!!
Yup! Be careful out there! Always remember people do this for money! If it was easy everyone would do it.
So who's the new wholesalers your buying from?
Took me a long time to find them and build a relationship with them. Sorry, cant give it up. Thanks for watching, I hope some of these tips help.
I bought a truckload from home depot 19 pallets paid 6,500 and resold individually for 19,567 so yes some things are legit
yup. I'm right there with you. buying the full truck is the way to go. Finding the right source is the hard part. Once you find one, keep it! That was a good profit right there!
There is a guy on tiktok that does this exact same thing! I came to RUclips to find if anyone has bought from him...people pay thousands of dollars! And says the same thing you are saying!!! Then he says some may work some may not! That's a red flag! I feel sorry for the people who go there and try to make a quick buck!
Yup... they offer no guarantee because they know there is no guarantee and they are selling mostly junk..
Where I can get it
The best place is to check your local facebook marketplace. That way you can avoid the shipping cost because these things are expensive to ship if you just buy 1. You can also check liquidation.com or bulq.com.
You can message Berry 👆👆.that if you still need Just text him ⬆️ ⬆️
Great points,…nice list of red flags. I recently bought tools from what I believe are some decent tool pallet buyer. All tools work so far. Important to test them.
Thanks for the tips. Am I going to have a hard time getting started if I don't have any reviews? How can have customers buy from me with confidence if I am new to the business?
Hi, Helen. Thanks for watching. It will get easier over time, you just have to get started and build trust with each customer. The best policy is to be honest with everything you do. If you're going to be selling on Ebay, Craigslist, Facebook, or even at a garage sale or flea market, you have to be honest with everything. You have to take good pictures of everything, write a good description. Even if what you are selling is completely broken, as long as the seller knows exactly what they are buying, and both of you are on the same page, you will be ok.
Where do you plan to sell mostly? Online?
@@ForeMoney Thanks for quick response. I’m looking at a pallet from a local liquidation store. My plan is to utilize FB market and maybe eBay but was told shipping can be rough with eBay. The owner at the liquidation store, who just opened his business says he has a list of places he’ll give me where it’s best to sell-says if he helps me succeed, he will succeed because I’ll be back for more pallets. Sounds legit, right? He sells 75% of his pallets for $470. One of the red flags you mentioned is he does have open bin sells and he has shelves of units individually for sale that he also sells in his pallets. It’s tricky, but I think it’s worth giving a shot since I can’t find employment.
@@i.helenszulewski9254You are right about shipping. Unless it small with high value, the shipping will eat your profits. Plus ebay fees and capital gains tax as well. If you buy an item for lets say $25 and sell it on ebay for $75. assuming you offer free shipping ($10 to $15 from your pocket), plus ebays approximate fees of 15%. you will profit about $20 to $25 after taxes. If you sell that same item locally you can avoid the shipping and fees. Still have to pay capital gains tax, but thats for you to decide how to handle your personal taxes. As far as the liquidation guy, its good that you are buying local, just be careful with what you are buying. Glad you pointed out the red flag that he sells the same items individually on the side. He will swear up and down that the pallets are untouched, but remember that people do this to make $. Yes he's right, if you succeed so does he, so he could be an honest guy and telling you thats how they came off the truck. If you can risk $470 one time, go for it. Trust your gut... If you make a profit and its worth your time, buy another one. If you lose money and ask him why that was the case, he's going to say maybe you got one of the "rare" bad pallets. I've been there, it happens, i've heard it all. Also ask him for a manifest. If they are all the same price, he either split them up and evened each pallet, or thats how they came and he's selling at an even price so its fair for everyone. Just in the end, be comfortable with your choice and make sure its worth your time. As far as where to sell... Heres the answer... Facebook, Craigslist, local flea markets and swap meets. Personally individual items on facebook sell well for me. Ebay is ok for high dollar items that dont weigh much and you are positive they are in working condition. or sell them as parts only...Good luck, keep me posted. Check out my other video where I give 4 great sales tips that i use while selling on Facebook. It doesn't let me link it here for some reason right now. =)
Diy, don't ever run for office. Politicians lie, lie, lie. Thanks for telling the truth. I'm thinking about doing this myself.
Yea it's a business and no one is leaving money on the table. Good luck, trust your gut!!! Keep me posted!
Thanks brother you really helped me this weekend
Thanks for sharing your experience. 👊🏽
Yup, just trying to help the next person out! Thanks for watching!
Buy the pallet directly from Home depot liqudator
Yea, thats usually the tough part. Finding the right sources...
Bruh you look like Drake but walmart version😭
wish.com for the win!
What's the guys name?
I dont have his info anymore.
Yep, ran into this today. Luckily it did occur to us that he had a place off to side with the "picked off" stuff. I thought though that you really can't be mad at that tho cause you may do the same, get your first pick! But we didn't like the idea that they had a store selling single items. That sounds like a red flag 🚩 but we are new so... Any way this video helped. Thanx!
I have no issue with someone selling stuff on the side and in pallets. What usually happens is the seller lies about the origins of the pallet. I know for sure now in hind sight that these pallets are picked through and then resold. Glad I was able to help. Always trust your gut!
What sites don't have pick through pallets?
Hi! May I ask is there any chance that we may collab with your channel? Thanks a lot!!
Thanks for the heads up.
Thanks for watching! Hope it helped, and iIhope you learned something! =)
-Tony
Thank you for sharing and posting this video
Thanks for watching! This is information that people need to know about the wholesale liquidation world. Its not all hidden gems and gold in every pallet. Unfortunately there are scammers in the industry and we just need to be careful who we buy from. Good luck out there, Roberto!
Better hope you're not acting as a fence unknowingly. I know people who got 2nd degree felonies for that, especially if you've done it a while using the same supplier and it's being tracked.
sure hope not
That's were you messed up. NEVER buy pallets from personal sellers even if they have a seller's license and seem as legit as you are. The reality is every single reseller that buys and then resells whole pallets goes thru them and picks the good from the bad and if they tell you otherwise then rest assured they are lying. The return pallet game is only profitable if you buy from pallet auctions that are from the big corporations directly or go to a warehouse of a big corporation and buy them from them directly. For example only buy home Depot pallets from a home Depot warehouse or a home Depot rep at a big pallet auction sale. Also when you go to sell it do it item by item not the whole pallet. Even if your trying to be honest the whole pallet won't sell, serious resellers only purchase return pallets from a big name brand company because they know the information I'm sharing and they're not going to chance getting burned. Once you've purchased from the correct source just itemize the pallet and you'll have nice inventory that will sell. All you need to do this is a resellers license and space to store the merchandise of and obviously a truck to transport the pallets. I'm hope this helped
You ready should put his name and information out there to warn others.
Thank You for sharing
You're welcome. Just trying to help my fellow resellers. Thanks for watching. =)
Society is deteriorating.
sad to see it happening
great info
Checkout Jon the liquidator
Earned a sub
Thanks for watching, and thanks for the support! =)
Hit me up with your plug 👀 I stay In Houston
That's called cherry picking. Buyer beware.
Yup!!!! You got it
@@ForeMoney I would like to get my hands on some broken tools and try to fix them. Does anyone sell pallets that are specifically broken, do you know?
@@donktheclown yes. Most are salvage loads. Check Facebook marketplace. They are everywhere... or check bulq.com
True .
It took him months to figure it out lmfaooo
It’s a great deal for a scrapper tho
I did end up selling most of the very broken stuff to a scrapper. He said his brother fixes them up with mix and match parts and sells them. More power to them, but not my cup of tea. lol. Thanks for watching. =)
Once you seen the lime green ryobi you should have immediately passed.
yup. you live and you learn. =)
Dude, appreciate your vid. THANK YOU! but for next time, you might not want to repeat yourself so much and go on so long
Damn man
Dude, quit all that crying. Obviously you got ripped off because you weren't paying attention. You clearly had zero idea what you were doing. I paid $2k for my first pallet and lost $600 -- nearly twice what you paid for that crappy little pallet. This isn't magic money, and your always gonna have to test and repair it you wanna maximize profit. Live and learn.
Buyers: the only thing you should take from this video is to not be oblivious. Pay attention, deal with a reputable liquidator, and look before you leap, and you'll do fine.
Thanks for watching. And thanks for the tips. It wasn't a video to gripe or vent about getting burned, it was merely to warn others that there are resellers out there who will deceive you into buying something that its not. This was very early on in my wholesale liquidation journey. At the time, like most people starting out, we don't have reputable sources to buy from. This experience opened my eyes to the many risks of this business. Since then I only buy from sources I now trust. Seeing as how you got burned for $600 as well, I'm sure you appreciate tips from others as well as helping people who are just getting started. Yes at the time I was oblivious, not paying attention, not dealing with a reputable liquidator, but also eager to get started. Like you said its not magic money, but that's how you learn, from making mistakes.
Cherry picking
Yup, cherry picking at its finest.
Doood. You baught from an individual on FB marketplace selling “return items” out of a storage unit....THAT WAS THE RED FLAG!!! 😂 of course you got burned! You buy liquidation pallets from venders, NOT from individuals. Anyone selling tools that are obviously new/unused on FB, CL, Offerup (the worst!), Letgo, etc. IS A LIAR! None of them are in the business of helping people save money! That doesn’t even make sense! “Facebook Marketplace”! The fuck outa here!😂
yea lesson learned.... I am a pretty successful and honest seller on Facebook Marketplace. I just hoped I would receive the same treatment... Not doing that again... thx for watching. =)