These are questions I get on an almost daily basis from new pallet flippers or resellers who have a desire to be successful. The problem in answering these questions is that there is really no way for me to answer them. It’s not because I lack knowledge about liquidation/reselling and certainly not because I am unwilling to share information, but because there really is NO easy answer to questions like this.
We may both sell liquidation, but your business will invariably look different from mine. There are a multitude of factors that play a role in how you will run your business.
Here are some quick points to get you thinking about some of the factors that can determine how you’ll run your own business.
This is not an exhaustive list, obviously, but these are things you’ll want to think about when it comes to purchasing liquidation. If you’re interested in hearing more, check out YouTube Memberships for options to learn more about building your own liquidation reselling business.
How much space do you have?
Space determines a whole bunch of factors:
How much time is available to work your business?
What does your working capital look like?
This seems like a no brainer, but there are things the average person may not think about regarding money and how it actually affects your business model.
If I could tell someone exactly what pallet to buy, from what liquidator, and selling for a specific price, then this business would be too easy and everyone would be doing it. To be successful in this business means to learn as much as you can, start small, and expect to make mistakes.
You got this.
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