What are pallets?
Are they worth the investment?
Pallets contain similar goods that have been batched together to be sold on at trade prices. For example, an electronics pallet might contain several TVs, DVD players and games consoles. There is no picking and choosing with pallets – you either buy the lot or nothing at all.
Pallets are a good example of why you should check on the condition of certain wholesale goods before you buy them. They can be excellent buys for your business, and with starting prices as low as £125 for a large batch of products, you can save a substantial amount of your wholesaling budget.
“Pallets are usually sold by wholesalers that specialise in catalogue or chain store returns,” explains wholesale expert Richard Grady. “These are products that have been purchased by an individual from a catalogue company or High Street store, such as Argos, and then returned for a refund. The stock is then sold in bulk by the store to the wholesalers, who simply batch the products into pallet-loads and sell them onto traders.”
The downside of pallets is that they can be slightly haphazardly put together and the quality of the goods varies greatly from batch to batch.
“It is quite possible that you could end up with you could end up with goods that are broken, damaged or that have parts missing – this could be the reason that the original purchaser returned the items in the first place,” says Grady.
Many pallets are unchecked by the wholesaler, so be particularly careful when buying them as you may end up spending a lot of money on damaged goods. Get assurances from the wholesaler and check the batches yourself if you are still not happy – your supplier should let you do this, if not find one that does.
Pallets can be slightly haphazardly put together.