How to BUY LIQUIDATION Pallets? (TIPS EVERY RESELLER SHOULD KNOW) | Fox Liquidation
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- เผยแพร่เมื่อ 19 ก.ย. 2024
- Interested in learning how to buy a liquidation pallet and don't know where to start? In this video I share tips every reseller should know about buying liquidation for the Fox Liquidation website. I have purchased liquidation multiple times and I am here to help! How to BUY LIQUIDATION Pallets? (TIPS EVERY RESELLER SHOULD KNOW) | Fox Liquidation
#foxliquidation #beginnersguide #liquidation
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🎉 Background:
My name is Lindsay Nicole and I am a part time fashion reseller on platforms like Poshmark, Ebay, and Mercari and full time special education teacher! I started my reselling journey in April 2020. I love to resell brands like Free People, Athleta, Ulla Johnson, Veronica Beard, and anything mid tier luxury! I also love to retail arbitrage through Nordstrom Rack, TJMaxx, and Marshalls! I also love thrifting at Goodwill, Thredup, and on TheRealReal. Most recently I have been loving to source through Fox Liquidation! I absolutely love the side hustle and making money online!
Business Inquires Only: lindsaynicolepm@gmail.com
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🎉Fox Liquidation Discount: Lindsay5 for 5% off ANYTHING at checkout! Can be used as many times as you want (no expiration)💞
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Free People $1,500+ MSRP Mystery Box www.foxliquidation.com/product/free-people-tops-mystery-small-lot-1500-msrp-value/
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Other Popular Boxes: www.foxliquidation.com/store/?orderby=popularity%2
This video was so well put together Lindsay! I know nothing about shopping liquidation so I really learned a lot from you here. Thanks for being so open and transparent about your thought process around liquidation :D
Yay Macy! I am so happy I was able to help you understand liquidation a little more! 🎉 Thank you so much for watching and supporting me 🥰
Hope you guys liked this style video and it was helpful to you 💕Happy to answer any additional questions you have 🥰 Thank you so much for all your support! 🎉
Hi Lindsay I want to say thank you soo much for sharing these information. Do you have to have an ein or business license to buy from fox liquidators???? Please let me know, thanks 😊
@@foxyc4783 I do have a reselling license for my business, yes!
I think it’s a good idea to invest in fall and winter too. They are higher priced items and they sell really well. I’m currently processing lots of swim wear but I miss sweaters. I appreciate all of the videos you’ve done on your liquidation pallets. It’s a goal of mine and you’ve really answered a lot of questions I’ve had. I’m happy they’ve been so successful for you. My fear is getting loads of free people and deciding to keep it all.
Totally agree! I definitely think I will be able to make good profit on the sweaters! However, I definitely need more swimwear in my closet currently! I bet you are doing great with that! 🎉 I am so glad you have liked my liquidation series and always happy to help! OMG, Resellers problems for sure! Totally can relate! 😆🥰
Our perfect pallet would be low cost, fast selling, and high resell value. Are there any of those? 😂😂 Great tips, Lindsay! It was great to hear your thoughts on your pallet experiences. If we ever go this route, we'll definitely use your coupon code! Would you say that the if you cut the total "retail price" of the pallet in half or 40-50%, that would be a good estimate of the sell value before fees? What are you usually hoping for in terms of margins for those NWT items in these pallets?
Haha.. IF ONLY! With your criteria.. that sounds like a unicorn pallet haha 😂 If I cut the pallet price in half I would consider that about my starting price when listing and then of course, leaving room for up to 20% in negotiations. My goal is to always double my money and more. However, my margins definitely vary when it comes to different items within the pallet. If my COGS are the "average price per unit" my margins would be way higher for the higher end pieces than the lower. Hopefully that answers you questions and makes sense!! Thank you so much for watching, and I will look out for some unicorn pallets for you 😂💕
FINALLY! Someone who actually teaches something worthwhile! So glad I found you! Two questions... Do I need to be a licensed business to buy liquidation? AND, Since you bought them from Fox, are you able to use a stock photo for listing?
Awh, you are so sweet! I am so happy I was able to be of help to you! 😊 You do not need to be a licensed business to buy from Fox! When you purchase from them they will ask for your reseller permit "if" you have one, but that is totally optional to give them that information. Thats actually a really good question I forgot to cover! And, as far as stock photos go I would assume it the same rules apply with stock photos regards of where I got them, but I am not too sure on that one. Hopefully I was able to help in some way! Thank you so much for watching!
I see a GREAT teacher!!! To me you are an expert Lindsay! This video is very informative & I LOVE that you showed us step by step! What’s a lift gate? I can’t wait to see part 2!
Awh you are so sweet Kim! 🥰 Thank you so much for watching and I am so happy you were able to learn something knew! A lift gate brings the pallet down from the truck to the ground floor. Think of it like an elevator for boxes. lol Because the boxes are all wrapped in plastic the truck driver wouldnt be able to just carry it off the truck by hand. Hopefully I explained that well haha
YESSSS! I’ve been waiting eagerly for this one 😍🥰🎉 Yay can’t wait for Part 2 too! 😍🎉
You are the absolute sweetest Brittani! Thank you always for all your support! 🥰🥰
YAAASS!! Great job. thanks so much Lindsay, I agree with the girls can't wait for part two.
Awh, thanks so much Sarah! You are too sweet 🥰 Thank you for watching!
Thank you for sharing! I want to get a pallet or some sort of box like that but I live in a small apartment and I can’t 🥺 and I just love seeing all the items you got and I’m really considering turning my apartment into a store haha!
Love your videos!! 💕
Omg, you are too funny! I feel like my whole upstairs is a store with all the racks I have.. luckily my boyfriend doesnt mind it 😂 I am glad it was at least entertaining to watch! Thank you so much for your support! 💕
Loved the way you broke this down! It’s a whole new world, and great to know more about your experience + tips for what to look for
Thank you so much for watching Ashley! I am so happy this video was helpful and you were able to learn from it!
Way to go! 🎉
Thank you so much for watching! 🎉
I know I"m late to the party here, but $500+ and whatever the heck a reseller certificate is.. Hard pass.. Thanks for trying to help :(
Great vide! I have been wanting to try liquidation. This was so informative. 🌸
YAY! I am so happy this was helpful for you! Thank you so much for watching!
Hello thank so much for this video I really love. I have 1 question, what pallet can I use to buy designer bags?
This was a great video !
I’m so glad! Thank you so much for watching Kelly!
This helps so much! Thank you girl :)
Yay! I am so happy I was able to help 🎉 Thank you so much for watching 🥰
Hi. Love your video and your style. It looks like they get truck loads from Macy’s. I have bought Macy’s lots and it’s a lot cheaper per pc.
Thank you so much for watching! Yes, they do have a lot of Macy’s palletes, however I have bought palletes from Bloomingdales from them too! They are more scarce though.
Great video! Just subscribed to your channel and used your affiliate code. Thanks so much!!
I am so glad I was able to help! Thank you so much for supporting my channel! 🥰 Nice to virtually meet you Roxanne! 💕
Hi Lindsay. You look gorgeous Darling, can we get an outfit of the day?. That blue looks so beautiful on you. I'm definitely getting a palette I have to wait till I move into my own place so I have more room to store and so j don't end up having too much to move. Thank you for the tips.
Ohhh, that is such a fun idea! I will definitely do some OOTD’s especially because I want to vlog more in the summer! Ohhh, totally understandable! My whole upstairs in consumed by my pallet. But, I’m excited for you to get yours whenever you do! 🎉 Thank you so much for watching! 💕
@@LindsayNicolepmYAY! 💃that will be fun. I look forward to your blogs🕺❤
@@nomadek2105 Awh! Thank you! That makes me so happy you are excited! 💕
What about for us poshers in Canada?! Any options?! :) Love watching. you! Thanks for all the. info!
Hi Kayla! I know another viewer has reached out to me about Fox Liquidation and shipping to Canada. When talking with her she said she was going through a brokerage company to receive small lots. To be honest, I am not familiar with any, but maybe it is something to research! Hopefully that answers your question! Thank you so much for watching and supporting my channel! :)
Great video! Learned so much! Just curious approximately how much you paid for shipping for a small pallet being shipped from east coast?
Hi there! I am so happy this video was helpful! I have been really loving Fox Liquidation's small boxes and havent purchased a pallet in a bit. So, I am unsure if rates have changed since I last purchased, but I know they can offer you a quote!
Hello, thanks for all your videos. Q1: why do we need liftgate if they are delivering non-fragile items? Curios.
Q2: what if Fox Liq does not have much items listed? i.e I checked the past 3 days & items were limited.
Q3: Do you need a business license to order pallets from them?
Happy Friday! I use a lift gate for only bigger pallets because the pallet is wrapped in plastic. The delivery person uses the lift gate to bring the pallet down from the truck. Like all liquidation companies recently inventory has been much more sparse, but I do know that Fox liquidation does restock frequently. I just have been consistently checking back! You dont need a business license to order a pallet form the site :)
@@LindsayNicolepm Thank you very much for your responses. Very helpful info... Ok I will check often. I did sign up for their newsletter. Hopefully that will be helpful also. If I order anything I will use your discount code.
@@pnelson3624 Thank you so much!
Very well done video! Thank you! I'm a reseller but have never bought liquidation before. I basically sell 3 brands of women's clothing (mostly lingerie) and some bags within those brands, all new with tags and sourced from TJ Maxx, Marshalls and Ross. Do you know how to figure out what a particular brand does with its excess inventory by chance (so I can figure out how I might be able to get my hands on it hahahahaha)?
Thank you so much for watching! Liquidation is such a great way to experience new brands.. you definitely learn a lot for it! I wish I could just source one brand forever, but that would only be a dream! haha
Do you have an advice for getting Lululemon pallets?
I don’t I’m sorry! I’ve never been able to find lululemon.. yet!
Hey Lindsay! Thank you soo much for all the information! This video is super helpful.
One question - do I require to purchase or pay for a lift gate if I do not have one?
I am so glad it was helpful to you! Thanks so much for watching 💕 No, it is not required to purchase with a lift gate, so it would be no extra cost to you! I didn’t end up purchasing a lift gate with my first pallet. Hope I was able to help! 🙂
Well done! Is the amazing! Great video as always. How do you know your best selling category?
I use the app Seller Insights! The app pulls out analytics from your Poshmark Closet! It is pretty cool if you like graphs and charts!
@@LindsayNicolepm thank you so much!
Story of my life. I want to do my resellers business but dont have enough time. I work full time, a mother and time is never on my side.
Time??? It’s so hard to find that balance! But we do what we can 🤷♀️ Thank you so much for watching 💕 Hope it have you a little relaxation time!
Yes I got charged I believe 85.00 with debit card
Ahhh, yes! I think it is a 3% charge. Thanks so much for always watching! 🥰
Hi Lindsay! Do you have to purchase the lift gate with a pallet purchase; is it optional or a must? This would be in residential area. Thank you for your amazing videos! 💕
Hey Melissa! It is optional, but recommended depending on how big the pallet you are purchasing is! For my pallets more than 400 items I have typically purchased a lift gate and less than that I havent. But, thats just what I do! Hope that helps!
@@LindsayNicolepm Thank you for getting back to me!
@@melissa2640 Of course!
Thank you for sharing! I have a question, in what scenario would you need a lift gate? Do you use one? I don’t really know what that is.
I would order a lift gate for major pallets .. maybe over 300 pieces! It is basically an elevator for boxes to get off the delivery truck!
I’m curious if anyone from here bought a pallet from Fox liquidation and what they got in it . 😊
Oh great question! I know a few of my viewers have reached out to me about the pallets they bought, hopefully someone responds to you 🥰 Thank you so much for watching!
I got their FP intimates box. I think it was 200 pieces? It was a good experience..the stuff was wholesale though so the market was saturated. The thing that annoys me with Fox is on their pallets above a certain price range they require a bank transfer.
I hope Fox gets more pallets soon....I look every day and still don't see one that appeals to me! I really want a manifested one....the Nordstrom ones right now are unmanifested. I would really like to see if anyone purchased one of those recently to see how they are!
I am playing the waiting game with Fox Liquidation also for my next one! Fingers crossed for both of us! Thank you so much for watching! 🥰
Are you talking about QL for unmanifested?
@@Dollyspeaks211 The ones on QL are unmanifested but there are also pallets on BStock that supposedly are from Last Chance (used to just say Nordstrom) that have partial manifests. The QL pallets have no manifests and are located so far away from me that the shipping is too expensive.
What would non mrchndse use only mean?
Ohhh, is that on the Fox Liquidation site. I am unsure if I have heard of that?
You need a reseller certificate?
Hi Lindsay!
Do you resell on amazon?
Thanks
I don’t, I wish I had more insight on it! 🙂
Hi Lindsay! Question, I’ve been scanning fox liquidation, in ladies designer and ladies clothing, for the pallets, I’m seeing they are mostly consisting of INC charter club, Alfani, is this normally what they consist of? Would you personally buy a pallet of those brands? Also with your free people intimates, since the market is saturated how often did you relist each listing, everyday?
Hi Melissa! I have definitely continue to the check back the website. Personally I have tried not to buy pallets with the brand INC, Charter Club, or Alfani. However, that is just my personal opinion and not saying they wouldnt sell! From my experience of looking up comps they just arent sold for the profit margins I am looking for. I would much rather buy a Free People Intimates (if we were comparing) because I know Free People almost immediately brings in "likes" and interest to my closet. I would relist on average every week, however it isnt as much work as one would think because the Free People lots contain a lot of multiples. I hope this insight helps you a little!
@@LindsayNicolepm that’s what I was thinking too! Thank you so much for your input Lindsay it’s appreciated 😉♥️
@@LindsayNicolepm I was studying the free people intimates on fox and there was about 10-15 boxes for a while and I went to buy one after I did my due diligence 🤣 and bam every single one gone 😭😭 haven’t found the right pallet yet and was going to buy a small lot for the time being and there’s zero left in that category as well booo! Lol
Did they stop providing small lots?
I saw a few a few months ago, but I know they go in and out of inventory all the time! Hopefully they restock!
Do you need a tax certificate to purchase from them?
Yes! I believe according to their terms you need to have one on file.
How fast do they ship?
It has taken them a week to process and then ship out, but the shipping time depends on where you are located in reference to where the pallet is coming from. It took my pallet two weeks to get to me after processing. Hope that helps! ❤️❤️ Thanks so much for watching!
Hi, have you bought a customer returns pallet?
Hi Sara! No, I haven’t tried the customer returns pallet yet! I have only tried out their shelf pulls and small lots! I have had success with both of those, but am definitely interested in trying out returns in the future! 🙂
How can you get free people?
I go through a liquidation company! I think this video will be more helpful! I talk all about my Free People inventory! th-cam.com/video/usd5HfNJ3Ag/w-d-xo.html
@@LindsayNicolepm I'm watching it now :) didn't see any now on the site, maybe I'm too late ;(
Are they sold out of woman’s clothing? It’s all mens and shoes
Hi Linda! I know they had stock a few weeks ago, but I havent checked recently. I know they are consistently getting in new inventory, so I would just check up on it because they usually have womens!
Do you have to pay tax on the pallet?
Fox liquidation does not charge tax on their pallets! Hope I was able to help! Thanks so much for watching 💕
That's really high for shipping. Do you really make your money back?
Absolutely! When you find a pallet that is so low in COGS with great brands, you are able to definitely make a decent profit! I have a “what sold so far” on my last pallet that you can watch to see what types of profits I make on certain items. Hope that is helpful to you 💕 Thanks so much for watching!
@@LindsayNicolepm Lindsay you’ve done SO well with these pallets 😍😍😍 you’re an amazing reseller 😊❤️ I hope to find a good pallet soon 🤓 def using these tips!
@@EssentialEndeavours Thank you for your super sweet words! ❤️ Wishing you so much success and hoping you find your "perfect" pallet soon 😊