How to Make Money Reselling Returned Merchandise from Walmart

Reselling products that are new or lightly used is a great way to make money from home. It takes little effort to get started and minimal investment. You can quickly learn everything you need to know, so here are a few things to keep in mind while you’re getting started.

Sourcing products

There are plenty of avenues you can take to find products to resell. For example, you can spend your weekends going to garage sales and flea markets. You can bid on storage lockers and auction lots. You can also work with other companies that specialize in reselling.

One of the more profitable options is buying Walmart pallets; these contain products that have been returned to the store for one reason or another. You can buy Walmart returns from business-to-business liquidation sites such as Direct Liquidation.

While some of the items may be slightly damaged, others are perfectly fine. The products may have been returned because they were the wrong color or size, the customer changed their minds, or it was an unwanted gift. Once something is returned, it can no longer be sold as new, and for many giant retailers like Walmart and Amazon, it’s cheaper to sell it off to wholesalers than to restock it.

Returned items are loaded onto pallets and resold for a fraction of the original price. Keep in mind that when buying pallets of products, you run the risk of not knowing what you’re getting. Buying products by the pallet may result in buying damaged products or products you are not familiar with and need to research. On the other hand, not knowing specifically what you are buying can also be part of the adventure.

Setting up shop

Once you have your pallet unloaded and organized, you need to make an inventory list of the items you have to sell. For each item, you’ll get all the product information about the item from the Walmart website. You need to make notes on the condition of each product, noting any damage to the product or the packaging.

Take several photos of each item showing it from multiple angles to provide perspective. You will also need close-up images of any damage to the products, so potential buyers know what they are getting. This is the information you need to create your online ads. You can even include a link to the item new on the Walmart website to include in your ad.

Depending on the items, you may choose to sell on eBay, Craigslist, or Facebook Marketplace. Often eBay works best for things that are easy to ship and appeal to a niche market because you can reach a wider audience. For example, you may have a hard time reselling ski boots on Craigslist or Facebook Marketplace if you don’t live in an area where skiing is common. However, you can post them on eBay and appeal to people all over the world that ski.

Craigslist and Facebook Marketplace are great options for selling items locally. This is a better option when the product is too large to ship economically or if the product has a broad appeal and will sell quickly. Craigslist used to be the go-to place for selling things, but Facebook Marketplace has grown rapidly and provides you more information about the buyer before choosing to meet with them in person, which is essential for personal safety.

Utilizing digital marketing will allow you to sell your products quickly and effectively by getting them in front of the right buyers. Digital marketing is a combination of creating great ads that utilize SEO, optimizing all photos and content, and taking advantage of social media for promotion. You can work with companies like Peaks Digital Marketing Denver CO to quickly grow your business online. Working with a marketing company also allows you to focus on other aspects of your new business.