The Pallet Millionaire: How He Made $12M Selling Amazon Returns 📦
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- Опубліковано 15 лис 2024
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In this captivating video, we dive into the incredible journey of Mitch AKA "The Pallet Millionaire," who turned a simple idea into a $12 million empire by selling Amazon returns. As the owner of GRPLiquidations, Mitch reveals the secrets behind his success, the strategies he used to source and sell pallets, and how he navigated the world of liquidation goods. Whether you're an aspiring entrepreneur or just curious about the pallet industry, this story is packed with valuable insights and tips.
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Sarah has been following the Facebook group of a pallet liquidator in our area who buys truckloads of Walmart, Target, and Amazon returns and then sells them by the pallet to resellers. Since we love flipping furniture we thought it would be a unique opportunity for us.
Reselling Amazon returns can be a great side hustle if you know how to list, sell, and ship items on eBay and Facebook. We have learned a lot through experience and hope you find these videos helpful and informative! Return pallet flipping is something we’ve done before, but we wanted to try again to give it a fair chance. Not only is the pallet unboxing fun, but there is a great potential to make a lot of extra money!
📈 Why Watch This Video:
Get inspired by Mitch's true success story
Learn practical business tips you can apply today
Understand the risks and rewards of the pallet business
Hear firsthand experiences from a multimillion-dollar entrepreneur
🔥 Don't Miss Out On:
Detailed walkthrough of Mitch's GRPLiquidations warehouse
Real-life examples of profitable pallets
Expert advice on starting your own pallet business
💬 Join the Conversation:
Leave a comment below and let us know what you think about this business model. Have questions? We’d love to hear from you!
#amazon #palletflipping #reselling
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The video says year 3 was 12 million in revenue.... How much of that was pure profit?
Really enjoyed the format of this interview!
Thanks!😊
Looking forward to this one.
Awesome video love watching your stuff we buy locally in bay city but definitely want to come down there
You should!
Excellent information!!
Glad it was helpful!
I'm a new subscriber and I enjoyed the video and I can't wait for more videos
So pretty much everything i return to Amazon is "palletized" for bulk resale? It's not put back into inventory ?
No. Some businesses pay to have the items that are new put back into inventory and then what’s not like people steal items or package is messed up etc ships to business owners house. Some businesses don’t and pay for liquidation which is cheaper (some businesses like huge ones it’s worth less for them to have put into inventory especially stuff with expirations Amazon can be slow so things can take too long so better to liquidate)
So like if it's something I never opened it used does it go back to the store or does it get liquidated? @@littlemunchkinscompany2775
hi... for same business you need special license ?
Proud of ya cuz.
Where can you go to to purchase an Amazon, Target, Walmart pallet? We live in Calabash, NC if that helps. Thanks ☺
After watching this video I ordered a mystery health & beauty box paid $89 w shipping got 30 items of $.99 garbage qtips, press on nails, finger nail file, this company has NO return policy BUYER BEWARE😢 IF I COULD UPLOAD PICTURES I WOULD. OWNER MITCH RESPONSE WAS YOU GET WHAT YOU GET AND YOU DONT THROW A FIT!
Idk what you expect? You're essentially gambling. Not every pallet is going to be a gold mine, but some might. It's a risk you took and I don't feel the bad review is justified due to your lack of knowledge or due diligence.
Dont order online alot of the ones online are scams go to a liquidation warehouse like they did in the video
Maybe don't waste money you don't got
Thanks for the comment, revealing how he got to his 12M, scam sellers are the worst.
What app do you use to scan your items for msrp?
The big box retailers barcode scanner in app
He gets a list for each pallet with what’s in each pallet and msrp
GOOD PEOPLE, BLESS YOU! WISH COULD DO IT IN JOHNNESBURG BUT DOUBT WILL EVER
What is the net profit margin on that 12,000,000. It can't be more than 5 to 9 percent. Moving 12 million in gross product for returns would require you to sell items for below wholesale rates. Plus the massive disposal of goods that will not sell. I would be interested in how much they claim for losses for goods that won't sell or are damage.
I love your videos. I'm so interested in getting into this after our wedding in October, and y'all have been such an invaluable resource for information. Do you have any recommendations for finding reputable pallet liquidators? I'd love to use your guy, but I'm in Kansas, and that's a bit far lol.
Just so you know a lot of liquidators like this guy “won’t” straight up share their connects I speak for experience that’s just the way this business works most of the time as a first timer you’re gonna have to journey on your own 😅
good humans ... mahalo & best wishes
Thanks Janet! Mahalo!
Why you lie for views? He didn’t made 12m but did 12m sales which is different
That’s why he used the term “revenue”. you clearly don’t know the difference between profit and revenue
Oooohh...this is the guy who every one hate on Facebook. He sells pallets and only deliver boxes....
Awesome videos how are you start this business?
Where are you located? Do you have any location close to Miami FL?
$900 for that toy pallet is a bit high 😬 , but if he’s able to sale at that price market for resale must be great where he’s from
12 million but how much did they make? 12 million is nothing with 10% net
$1.2 is nothing? 🧐
@@JAMIEANDSARAH for that LOE no I don't believe it is. As an investor and business owner 30% is a minimum for what i look for. He could be doing 50% or whatever but no one cares about gross NET is what is important.
@@pickygarage 30% isn't really sustainable in alot of businesses mate. i'm in engineering, and often it's 10% with the peaks and lows. 10% net is very nice, even considering you might have good salaries and health care etc.
@@JAMIEANDSARAHdepends how far net is considering as well. Is that net overall or net on the products, cause a warehouse like that + staff is pricey
Bro thats great stfu
All I need to know is where does he buy his merchandise from
Good luck lol😊
@@benzoh28 right? 😂😂😂
@@seus2731 yup I wouldn’t share it either lol it’s called a business the minute I share it boom I lose a customer , but try searching online there’s a few out there not hard to find 😅
Exactly
Probably Xcess Limited
Im in!?
Where could I go to buy a pallet in the New Jersey area?
I'm also interested in this information
Bargains&Bundles
Hard to find in Mississippi
1st to comment! Never been this early to a new video.
💯💪🏼😎
I did ordered one it full of garbage. Hard to sell
Well you just lost a follower you just made an 11 and 1/2 minute commercial I understand you have to have money but come on
Uh ok
😮
Y’all cheating people that shits all broken
Revenue is irrelevant…. Net? EBITDA? lol you can only burn cash so long lol.
Your net isn't gonna be his net. Not even close. So that's also irrelevant.
@@velious2121lol you are an idiot. Fail to see the point huh?
Hello, inspiring and why can’t I do anything to set me financially? How and who do reach out to buy the bulks of clothing?? Where is the truck loads are coming from? How do you find them? How do you reach out to them?
How is the babe?
Doing great! He’s getting BIG! 🤣