A reselling business can be one of the most profitable endeavors you could ever pursue. By buying pallets of goods from top retail stores and selling them for a profit, you can make a tidy sum without having to develop your own merchandise.
One of the best ways to do this is by relying on Lowes customer return pallets. You can get top merchandise that contractors and home repairmen crave and build a dedicated consumer base that loves your prices. Here's how to do it.
Start with liquidation sites
Websites like Direct Liquidation are top resources for Lowes liquidation pallets. In fact, many liquidators are affiliates of or have strong relationships with key retail stores and can acquire their like-new goods by the truckload. Many of these sites offer product warranties on their truckloads of customer returns so you don't end up with buyer's remorse. Keep in mind that some liquidation sites also have retail auctions which makes it that much easier to get a truckload of general merchandise, sometimes in its original packaging.
Of course, this is dependent upon you avoiding listed products that are in untested condition. Untested customer return inventory may arrive in various states of disrepair. You want to make sure each product functions properly and that you're only selecting goods that are in operational condition. This is especially important because much Lowes merchandise falls into the category of appliances. From dryers to dishwashers and everything in between, untested customer merchandise carries too much risk. You're looking for reliability so make sure you're buying Grade-A goods for your own reference purposes.
Build up your brand
Once you've found where to source your wholesale general merchandise, you need to make a few key decisions. What type of inventory will you carry? Will you open your own retail storefront or will you operate mostly online with your goods stored in a warehouse or distribution center? By asking yourself some key questions, you're making it more likely that you'll end up with a stronger brand. After all, you want to resonate with your end-user.
You also need to decide if you're going to stick to any preferred brands. Lowes works with top retailers like Frigidaire, LG, and GE and these kinds of big names are much easier to resell than obscure shelf pulls. If you're sticking to the goods from the bottom of the shelves, you're going to have a hard time making a dent in your chosen market. You also need to determine whether or not you'll add any perks like free shipping or warranties. Some resellers cover the entire cost of all necessary servicing if their products break down. This helps prevent customer returns and keeps satisfaction high.
Find prospective customers
Buying pallets and truckloads of Lowes returns can be a lucrative venture if you follow a close guide of the industry. Make sure you're buying quality goods and do what you can to build your brand. You're sure to attract customers that are looking for a deal.