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    1. market987 is offline

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      #1

      How to buy Costco returns / end of line / stocklots / liquidation stock

      I have been reselling items I purchase wholesale for over a year now, but I would love to know more about how I can buy items, such as Costco returns, end of line merchandise, stocklots or liquidation stock. Anyone have any information on this?
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      #2
      Actually, I buy end of line or returns straight from Costco. However, you have to be an approved salvage company to be able to do this. Most stores only have around 3 salvage companies they deal with. I contacted one of the local Costco stores in my area and after meeting with them several times, I am finally on their salvage company list. They send out an email to the salvage companies and it is first come first serve.

      I will go ahead and tell you, if you do meet with them then you will more than likely have to prove that you can handle high volumes of products. I also had to go into detail of how I would be reselling the items. I would suggest to anyone that is thinking of trying this, to have at least $15,000 to $16,000 to start off for buying your pallets. You also need to try to sell the items in a 2 week period since you are required to purchase 10 pallets a week. This was the deal I was given and if I can’t handle it then my salvage membership would be voided and I would never be able to buy returns or end of the line products from them again.

      Basically what it comes down to is you’re paying a really small percentage of the original price. I buy the products in pallets. One pallet may cost me $2000, but the merchandise on this pallet may be worth $22,000 in store price. Below are some percentages in which I purchase:

      • Clothing is 17% of the value
      • Electrical 26% of the value
      • General products 25% of the value
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    3. Thank you for this post:

      Sourcing (13 May 2012)

    4. market987 is offline

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      #3
      wow, I had no idea you just contact one in your local area. Do you sell your products individually, or do you sell it in lots?

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      #4
      Right at the moment I try to sell as much as I can in bulk, but I’m having a hard time trying to do this.

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      #5
      I sell mine individually since I have found this to be a lot more profitable.

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      #6
      I can see this to be true, but I am needing to find ways to move the product quicker. I am actually thinking of creating a website for wholesale customers.

    8. items4sell is offline

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      #7
      so, gotta question for ya…why is it that everyone wants returns from Costco?

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      #8
      Well for one reason, Costco has a very generous return policy. May of their items carry extended warranties. Such as a television set may have a 5 year return policy. So, if a customer changes their mind after having the television 6 months, they can return it to Costco for a full refund. Well guess what happens to these types of items. They are marked as salvage.

      Once an item makes it to salvage, they are categorized and placed on pallets to be sold to the salvage companies. Now keep in mind, some items may not be in working order, some are in perfect condition, and some things may only require a small fix in order for them to be in good condition. Basically, it doesn’t matter if it is a damaged box, end of the line product, or a customer return, it all ends up in the salvage. However, Costco is well known for having the cleanest and best quality returns.

    10. items4sell is offline

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      #9
      wow, had no idea they had such a cool return policy. I’ll definitely have to check this idea out. Only thing that concerns me is not having enough room for 10 pallets a week and not wanting to fork out that kind of cash from the get go.

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      #10
      There is always another option items4sell. You can buy pallets from a wholesaler. In other words, you can find someone that does have a membership with Costco for buying their returns and only buy a couple pallets from this person. This is generally how many salvage companies make their money. They will buy directly from the store and instead of tearing apart the pallets, they will sell them for a little more than what they purchased them for. They had rather do this than take the time to unpack and spot check every item.

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