From ignoring the manifest to underestimating freight, here are the costly missteps first-time liquidation buyers make - and how to sidestep them.
Buying your first liquidation pallet is exciting, but a few avoidable mistakes can eat your margin fast. Here are the five we see most often.
1. Skipping the manifest
Always request the manifest. It tells you what you are buying and lets you price before you commit.
2. Forgetting freight
Freight is quoted per lot. Factor it into your cost per unit before you buy.
3. Ignoring condition
Returns, shelf pulls and salvage are very different. Read the condition note carefully.
4. Buying too big, too soon
Start with a package or single pallet before scaling to truckloads.
5. Not sorting fast
Sort, test and list quickly to keep cash flowing.
