You Love Deals: Pallet Flipping 101 - From Pallets to Profits
Have you ever wanted to buy pallets but thought they were too expensive? We are going to show you how to find, purchase, and profit from your pallet. Pallet flipping can go from side-hustle to main-hustle when you follow these steps to build your income. Pallet flipping is an excellent way of making profits online!
What in the world is a pallet!? 📦
First, let's start with some pallet basics. A pallet is a flat platform used to load and transport goods by hand or machine. Pallets can come from almost any sector - such as pharmacies, office products, retail, and food. However, we will focus on pallets from big-box retailers like Wal-Mart, Target, Kohls's, Home Depot, Lowe's, and Amazon.
Now, you may be wondering how you can make money from a pallet. Often customers will return their purchases, but only 25% or 1 out of 4 purchases are actually due to damages, which would make the item unsaleable. Let's explore the reasons why people return items:
1. Item is no longer wanted
2. Item not as described online
3. Item is the incorrect size/color/type
4. Damaged or manufacturer defect
The primary reason products return to a store is due to customers changing their minds. For example, when I get items off my pallet that have a receipt stating, "Return Reason: Damaged," I still check and test the things, and 75% of the time, it works perfectly.
How much do I need to invest?
Pallets aren't the only way to turn a profit. There are different versions of 'pallets' such as boxes, lots, and truckloads. A box is a box full of goods you can re-sell for a profit. Boxes are priced between $100 - $400.
A pallet, usually priced between $300 - $1,300, could be full of anything from clothes and shoes, power tools, home appliances, electronics, or toiletries.
A truckload, the priciest of the three, is a semi-truck with multiple pallets. Resellers (that's you) will get truckloads from Home Depot, Lowe's, Wal-Mart, Target, and Amazon most frequently. Truckloads can cost anywhere from $3,000 - $20,000 or more depending on quantity and what exactly is on the truckload.
No matter your budget or location, you can use this guide and course to go from pallets to profits! This course will show you how to find quality goods and sell them for a profit.
How long does it take to make money? 💵
The best part about pallet flipping is you can do this year-round. You can purchase a pallet on the weekend and be making a profit during the following week! We'll show you how to find, purchase, and profit from your pallet right away!
Flipping pallets is a great side hustle. You can double, triple, or multiply your money on your first flip.
Ready to learn how to flip pallets? Let's get started! 🤑