I'll update the first post as well so you don't have to read through everything.
Synopsis: In a nutshell, I'm going to buy a pallet of overstock/refurbished/returned items from a local wholesaler, Red Tag in Augusta, GA, and see what will come of it.
Day 1: I swung by the shop and talked to the owner who was quite friendly and very transparent about the process. He didn't care that I looked at all the materials and the manifest and told me that they just buy the truckloads straight from Amazon and Target and a bunch of other stores and gave me some advice in general on what sells and what doesn't.
Most of the items in the box were a mixture of the same kind of stuff, mostly cellphone cases, bed sheets, small electronics etc. Here's the list of one of them.
12280897 FENDI FRAME DARK RED 1027 615 F1027-615-52 52-17-140 1 130 32.5
12360564 MICROFIBER COVER CHAIR-SILVER BLACK 3 112.5 28.125
12675409 8-PIECE EMBELLISHED COMFORTER SET MARILYN LINEN Q 1 107.7 26.925
12560178 MLB 14 ART GLASS TABLE LAMP TIGERS 1 100 25
11833624 WEXLEY HOME FAUX SILK FOAMBACK BLACKOUT PANEL PAIR IVORY 38X84 5 93.75 23.4375
12626551 100 COTTON REVERSE 12PC TOWEL SET - CHOCOLATE LATTE 1 85 21.25
12690006 HOTEL GRAND 1000TC EGYPTIAN COTTON BLEND SOLID SHEETS WHITE F 1 82.48 20.62
12768385 GIANT COMIC BOOK BUNDLE 1 77.5 19.375
12667127 ADELAIDE 5-PIECE REVERSIBLE QUILT SET FULL QUEEN - BLUE 1 72.5 18.125
They're all marked down 75% of the retail price and a lot of them are only a few dollars cheaper on Amazon which means there is room for a profit.
My issues are shipping of course because I love Amazon's FBA program since I don't have to do shit when it comes to customer service, answering emails etc. I pay them a small fee and they do it for me. Shipping costs money though and the price to ship these out would easily be over $100-$200. That eats pretty much into all of my profit which means I have to do all the leg work if I want to make a profit.
His pallets ranged from $500 to $1500 so if I do get one it'll be in the $500 range to minimize losses if I can't make my money back.
There is also a fulfillment site that is two hours away south of Atlanta that I plan on calling in the morning to see if they have any pallets for sale. I figure it would be pretty easy to just do my cataloging in the parking lot and then hand it to them and save money on shipping. Not sure how that works to be honest.
I plan on doing some more snooping for items on the manifest and see how often they sell on ebay to get a feel whether it will be worth it or not.
Anyone else buy a pallet before?