Internet Secrets

All too often people want to buy pallets of merchandise
so they can resell for profit. That’s great, there’s nothing
wrong with that but the problem is, without knowing what
they’re doing, many people will rush out to an auction,
find a dealer or even go on eBay to buy a pallet of several
pallets of merchandise. The problem is they have no clue
what they’re doing and end up losing money because they’ve
made at least one of these 5 most common mistakes that will
cost you money if you make them!

1. Not understanding who you’re dealing with.

With the internet today, it is very easy to register a
domain name, put up a website give yourself a company
name and set up shop. Unfortunately there is a lot of this
that goes on in the surplus and liquidation world.

There are too many stories of people handing over their hard
earned money to “companies” who were supposed to deliver the
goods just to wake up one morning and the “company” or
“dealer” no longer exists… and neither does your money!

Your left with nothing and the con-artist sets up another
“office” and does it all again.

There is horror story after horror story of these
situations. I’ve heard to especially beware of companies on
the east coast. There are legitimate ones, but make sure
you know who you’re dealing with.

At least call them and talk to them. How long have they been
buying bulk? How long have they been in business? What kind
of vibes do you get when you’re talking to them?

Ask questions.

2. Not understanding what you’re buying.

I can’t tell you how many times people have ask me something
to this effect…

Hey Chad there’s a guy selling a pallet of stuff do you
think I should buy it?

Huh?…

To start with, if that’s all the information you give me
about buying a “pallet of stuff” and ask me if you should
buy it, well let me ask you this,

Would you buy a car without starting it? Would you buy a
part for your PC without having a clue what it was? Would
you give your hard earned money over to someone for no
reason and not get anything for it?

You would at least research enough to find out what it was
you were purchasing or know why you were giving money!

I don’t understand why it is that just because there’s a
bulk pallet of “stuff” (i.e.- most of the time junk) that
makes a candidate for a good purchase.

Second of all, I don’t mean to be harsh, if that’s the
only common sense you have about buying products, then this
is my answer… NO – NO – NO – in fact you may want to find
another business because if you don’t and this is your
search criteria, you’re going to get burnt! AND BAD!

What are you going to do when all of that “pallet of stuff”
is sitting in your garage that you just found out is
broken, defective and nobody wants. You paid $500 for junk
sitting in your garage just to take up space! I guess it’s
OK if you don’t mind losing $500 but I do!

When I ask the follow up questions, usually the answer I
get back is “well it’s a pallet of blue widgets at $500”.

And I’m going AND…

But that is all the information I’m given!

I’m not going to tell someone what to do but if that’s all
the information you know about what you’re buying, then let
me put it this way, if it’s all I knew about it, then

HELL NO! I DON’T BUY IT!!!!!

Be wise and know the key questions to ask. It takes more
than just knowing what’s on the pallet and how much the
pallet is, though it’s a start, that’s just the beginning.
There are key elements that you MUST learn to help you make
a calculated decision on whether or not if you should buy
that pallet or load of pallets.

I’ll teach you these in my book:

get my ebook here

3. Not understanding your costs associated with the product.

This is more than just knowing how much the pallet is
selling for. Does the product involve putting your time in
it? Are you going to have to make costly repairs or spend
time taking the product somewhere for the repair? Is it
going to take a long time to package and ship? Are you
going to have to invest in expensive packaging materials to
ship it? This all eats into your costs.

4. Not knowing the market value of the product.

All to often, people want to sell the “hot items”
especially on eBay. Or they want to sell the items that
are “their” favorite things but yet nobody else wants to
buy it.

In other words, there’s no market for it. So what if you’re
still into Cabbage Patch Kids. It doesn’t matter if you’ve
got an entire warehouse full of them if noone wants to buy
them! Why invest money in trying to get them if nobody
wants them.

You must know the market value of your product. Is it going
to be profitable for you to even sell it?

5. Not having a plan to move your products after you have
purchased them.

The usual train of thought is this. I’ll find a pallet of
stuff and start off selling it on eBay. Then as I grow,
I’ll get more and keep selling.

OK, fine, sounds good right? What do you do if your eBay
account gets suspended? What do you do if eBay crashes?
Make sure you use alternative outlets of sale with your
products.

Develop relationships with people, develop a web store,
whatever you can do to develop a customer base of people
who buy from you on a repetitive basis is the key.

Final Thoughts
Don’t get sucked up in the hype of instant riches by buying
a pallet and reselling. Don’t let some overnight “slickster”
tell you their products are the only way to make money!

(I let the cat out of the bag about where the products come
from in THE “ULTIMATE” INSIDERS SURPLUS, LIQUIDATION &
WHOLESALE BUYING TO RESELL FOR MEGA PROFITS GUIDE).

Yes, you can make money if you do it right. But often, with
many types of products, the cost of the pallet is more than
it’s worth so you won’t even make your money back. Of
course, it will look like the wholesale value of the product is
$3,000.00 for the pallet, and your paying say
$500 so you think you’re going to quadruple your money, but
do your homework and understand exactly what it is you’re
buying before you buy!

Is there a manifest so you can see what’s on the pallet?
Do all the pieces work? If it’s clothing, do you know that
on the top of the gaylord you could have name brand clothing
and you think you’re getting a killer deal but once you get
it you find foreign knock offs on the bottom that are
soiled, stained and ripped! You wouldn’t even wear them!

It happens more than you would imagine. Be careful of who
you’re dealing with, know the types of products you’re
getting, know your costs, the market value of the products
and have a plan.

This is a good place to begin to help protect you and to
help you profit.

THE “ULTIMATE” INSIDERS SURPLUS, LIQUIDATION & WHOLESALE
BUYING TO RESELL FOR MEGA PROFITS GUIDE will teach you in
detail what you need to know so pick up your copy at:

see our website here

Plus it’s essential that you understand if you’re going
to be buying pallets or loads of bulk pallet merchandise,
there are different product categories. I’ll teach you
how to grow your business from understanding different
product categories.

Here’s to your success!

Chad Maslak
Author: “THE “ULTIMATE” INSIDERS SURPLUS, LIQUIDATION
& WHOLESALE BUYING TO RESELL FOR MEGA PROFITS GUIDE”

check out our website here

Tags: earn from home, earn online, free money, home business, internet auctions, internet business, learn how to earn online, make extra cash from home, make money from home, make money online, nokia, Online Auctions, ps2, ps3, psp, wholesale products, wholesale suppliers, Wholesale Tips, xbox

This entry was posted on Monday, August 17th, 2009 at 8:47 pm and is filed under Online Auctions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.