Why end sellers & flippers get screwed. My Truckload Buyer Rant!!
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- Опубликовано: 5 ноя 2024
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So glad to hear that somebody's really being honest and telling exactly how it is this is exactly why I shut down my warehouse in the next two months
I'm not in this business but your energy & your entrepreneurial spirit inspires me. Keep it up! ( Ps & thank u for sharing all the highs & lows)
Thank you so much!!
Tom it's Ed from Global Gorilla Wholesales, thanks for sticking up for the small guy. The suppliers are getting the bad wrap. When I get something bad I blame the suppliers. The brokers don't care because they are invisible. You would thing the suppliers would wake up and start selling to us.
Thanks for being so transparent. It's nice to see business owners step up and put the wrong into place. Blessings!
This is why I gave up on this business. Impossible to get suppliers and you constantly get trash for pallets. It’s impossible now unless you have deep connections which most people can’t get because they are all taken up by the big companies. I gave up last year 😔.
I don't purchase truckloads however, when sourcing on B-stock and other sites, I take into account the approximate piece count and estimated MSRP (which is rarely accurate) to determine the per item value in the lot. If that comes out to less than $40 MSRP per piece, I pass. The reason is, when you buy customer return units, you will generally only be able resell them for around half the true MSRP and sometimes less than that. I don't want to be stuck with a bunch of $10 items and I certainly don't want to get stuck with empty pallets. This formula can be used on any size lot to determine the per item value and it will help you weed out some of these bad lots. - Flippin Aint Easy
The 40/40/40 right? I actually used your formula a couple times , so thank you for that. You should share that breakdown, I will back you on it.
You are absolutely right. It's cheaper to buy a flight ticket instead you get screwed with thousands of dollars. In my opinion to make a group with trusted brokers and black list brokers.
100% we gotta figure this out!!
I promise that the big retailers and merchants send a live buyer to check the trucks and granted a relationship only after proving themselves. Totally worth airfare.
Wire Transfers are exactly same as CASH. Once it is sent, the money is gone.
The banks all understand that if they send cash to an account and it is accepted by the person receiving it, game over. Even if they make the mistake, it is gone.
Immediately! And we should add when a broker is charging more than a couple thousand dollars if you happen to have a general idea of the original cost I can understand I'm charging a couple thousand but sometimes it really is 5 to $10,000 upcharge and it's ridiculous
Wow. Thanks for laying it out there.
100% right to pool your resources and also start a Broker/Wholesaler Reporting Bureau.
Great video, if you do something to help eliminate those dirty brokers, and create a coop I will sign up. It is not fair we buy quality pallets and we receive crap that goes to the dump with 0 profit for us.
Not fair and shouldn't be legal.
Yes, fly and look at the loads. That's what I did when I bought my HD out of Phoenix. The flight was $24, Colorado Springs to Phoenix.
Who did you buy it from?
My entire business was taken from me because of shitty people. They decided to rob my storage unit and take $20,000 (what i paid) in inventory. I know to some that seems like nothing. But to me it was everything. I reinvestedd every penny back to inventory and now its gone. I hate people. They dont care who they screw over or who they hurt.
Yes I know you are a great business man because you are a cowboy fan too. Yayyyy. Thanks fir being honest about how things can be.
I absolutely LOVE this guy and his winning attitude!
Grinning and bearing it is how we KEEP getting screwed!
We have to have a way to get back at the people that screw us and “having a positive attitude” doesn’t stop it!
Also, For the Love of God, please get the videographer to fix the focal length. I know everyone with a DSLR has to have a blurry background so it looks “cinematic”… but it would be so much more enjoyable to have YOU in focus! Give that slow-ass autofocus a break and increase your depth of field! 😂👌
Your passion Is very evident, wonder if you could be your own broker?
Oh and Mandy is still looking great.
Came to your sight from the shoutout on the Stacked Golf video, wish I lived closer vs being in Pennsylvania
Tom, thanks!!
Everyday we get calls about this same issue. Not many direct resellers left.
Contact the stores directly. Even if just a local store. My husband makes contacts with local Home Depot managers and they LOVE calling him to haul away all kinds of straight off the shelves product for pennies on the dollar. He shows up within a couple hours so the store managers love it.
I tried to dip my feet in just to test the water out and got all trash, Chinese 25 cent headphones, items not reusable/resalable. They were small liquidation boxes from bulq and wibargain.
Amen. Thank you for putting it out there.
hi i also have a bargain bin store located in illinois. tell me please from whom to take the goods and who to trust? Thanks a lot.
I drove up to North Carolina twice all the way down from Texas border and still got screwed. The bottom of all pallets are full of shit. Few good items on top.
It's not going to change. Not until/Unless there are industry standards that are quantifiable and can be upheld legally. If a few of these scammers got their asses sued off they may stop that. But all wording, so far, is arbitrary, and subjective. We as buyers would have to goto the company's who are liquidating and plead our case for THEM to standardize contracts that can be upheld and normalized across the industry. It is in THEIR best interest. They would make more money if the loads were protected by standards. But instead, this common phenomena of scamming is forcing us buyers to not pay much knowing that the chances are high that we will get junk.
Oh my God! It's scary! Can't you just turn them down? I feel for you.
Any comments on Genco market place
Saw you on Stacked Golf!!!!!
In my opinion, they just don't have enough products to liquidate. But again, why take somebody's money? I am just getting into buying from wholesalers/distributors. I am scared.
You sound like I'm listening to myself! Lol yeah it's getting bad eventually something has to level out there's a lot of terrible brokers and contract holders
I played the beep drinking game, I drunk 🥴
I hope it was Jim Bean
Youre exactly right.
Have private zoom calls with buyers to share who the scammers are.
Let's be honest here. Contract holders got wise and started cherry picking pallets and reselling themselves. If you are in pallet buying business all you will get will be low value and broken stuff.
Are contract holders interested in establishing relationships. NO.
Can't you reject a load if you see it is crap and send it back to them? What happens if you don't accept? Get a lawyer - don't let them get away with it .
You ever use via trading in California?
In China before you buy product you can pay companies to send people over to check the product to make sure you are not getting scammed by the seller. This is what we may need here and maybe a business opportunity
Good idea! Have an inspector at every warehouse to make sure the garbage goes into the garbage. When you pay thousands of dollars for something you should feel good when you see what you paid for.
Why you have to look at the loads that you are getting.
Where do we email you questions?
Tvwedeals@yahoo.com
Damn. That was awesome!😂
Make a Scammer Broker list
I feel your pain. Ugh.
love this guy her tell the true..
Become your own trusted supplier.
You get black listed and then they all don't sell to you. The bubble will pop and they will be stuck paying for dumpsters. So much trash out there and like you said no one cares and won't refund you at all. If you don't make money on these loads it's your own fault.
😂 I love it!
Great straight forward video! 👍🏼
Start a website and make your own scammers list of brokers.
I'm in
How do you know they will ship what they let you look at? And a few law suits might help these guys understand why God (or someone) created garbage dumps.
one minute in, you sound like a scammer. I'm out.
remove yourself - bye
Call me when you get to greenbay