If you watch American Gangster when Frank Lucas says to Bumpy that pushing all the middlemen and buying directly from the Manufacturer! This pallet company is the middlemen and these crooks are milking all the pallets and passing on the bottom of the barrel for the third tier. AVOID THEM AT ALL COST and push them aside and try to be the first one at the Retail Stores level.
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.
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)
This is also the reason why some sellers will allow you to keep a product you want to return. It's cheaper for them to just take the loss, then to have it shipped back to Amazon, and restock, which has its own set of fees.
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 😅
@@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 😅
@@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.
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?
Revenue is not net profit. After everything is said and done he doesnt end up with more than 100k in his pocket a year and the fact that he want to "teach people" already confirms he doesnt earn jack and wants to teach people how to get into this, take their money and build something else. Too much risk and no reward. Id rather continue doing reconstruction for insurance companies, its not a pretty industry but puts half a mil net in my pocket and gives me free time to do what I want.
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The video says year 3 was 12 million in revenue.... How much of that was pure profit?
This content is gold. Thank you for putting this out here!
If you watch American Gangster when Frank Lucas says to Bumpy that pushing all the middlemen and buying directly from the Manufacturer! This pallet company is the middlemen and these crooks are milking all the pallets and passing on the bottom of the barrel for the third tier. AVOID THEM AT ALL COST and push them aside and try to be the first one at the Retail Stores level.
very bad sentence construction
@goodnessinpeople You get the point ass whipe
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.
Nobody that does not breathe with their mouth wants to get ripped off. Regardless if they "dont got" money or not.@@AntonioAcosta-k9f
Really enjoyed the format of this interview!
Thanks!😊
I’m looking to buy new DVDs in bulk? Any help would be greatly appreciated.
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
This is also the reason why some sellers will allow you to keep a product you want to return. It's cheaper for them to just take the loss, then to have it shipped back to Amazon, and restock, which has its own set of fees.
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.
Yeah been in this biz for 10 years and I really doubt those numbers 😂😂😂
Finally someone on here with a brain 🧠 👏
Looking forward to this one.
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
I don't believe he made 12 million in Revenue 😂🤣
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!
Please can we order online?
What Color is his Bugatti?
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
hi... for same business you need special license ?
Where can you go to to purchase an Amazon, Target, Walmart pallet? We live in Calabash, NC if that helps. Thanks ☺
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 😅
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?
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
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
Where are you located? Do you have any location close to Miami FL?
"It just Kinda Blew Up" 99% of business owners
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
1st to comment! Never been this early to a new video.
💯💪🏼😎
GOOD PEOPLE, BLESS YOU! WISH COULD DO IT IN JOHNNESBURG BUT DOUBT WILL EVER
Proud of ya cuz.
$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
good humans ... mahalo & best wishes
Thanks Janet! Mahalo!
You know what they say, 60,000 pallets a year, keep the Doctor away
I would never buy return pallets I've had a few experiences I used to spend Abit more but get quality stuff in
I did ordered one it full of garbage. Hard to sell
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?
Im in!?
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
12 mil and all that money went to what?
Y’all cheating people that shits all broken
His website domain is expired Lmao
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?
😮
12 millions of rotten potatoes perhaps
How is the babe?
Doing great! He’s getting BIG! 🤣
Revenue is not net profit. After everything is said and done he doesnt end up with more than 100k in his pocket a year and the fact that he want to "teach people" already confirms he doesnt earn jack and wants to teach people how to get into this, take their money and build something else. Too much risk and no reward. Id rather continue doing reconstruction for insurance companies, its not a pretty industry but puts half a mil net in my pocket and gives me free time to do what I want.