Wholesale Pallet Liquidation - Searching and Bidding on Wholesale Pallets

Wholesale Pallet Liquidation - Searching and Bidding on Wholesale Pallets

Wholesale pallet liquidation auctions can be very profitable and costly if you don't know what you are doing. Bidding on closeouts and surplus pallet lots the right way will help lower your average cost per unit. Liquidation auctions differ than regular auctions in the sense where you are actually bidding on the whole pallet lot or auction usually for resell.

Why Buy The Whole Pallet?

Well, it might be common sense to a reseller but someone starting in the liquidation business might be a little confused. Buying items in bulk will potentially lower the cost per unit than buying them individually. Buying pallet lots from a wholesale source is great for merchants that can't afford the whole truckload or does not have the space to hold all the inventory. Depending on the size of the product you are bidding on, wholesale pallets can range from a few handle of units to a few hundred in quantity.

The first step to buying pallet liquidation is to do a simple search in either Yahoo, Google, etc. for certain product or category listings you plan on purchasing. Once you enter your keywords in the search box, you will see a wide listing of liquidation websites in the search results page. Whatever source you decide to bid on, make sure that the site does not charge a membership fee to view their auction listings. These types of sites are only trying to make money off your membership status.

You've Won Your Auction, Now What?

After winning your wholesale lot, you can call the liquidation site's customer service reps for the shipping details. Usually they will set up a they're own transit for shipping or you can give them your transit of choice for shipment.

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