In October, I purchased two pallets of consumer returns from an online wholesale supplier called Rhinomart.com. As someone who has previously purchased and sold store returns, I was well aware that it was likely than only around half of the goods included in the load would be salvageable for resell. Of course, purchasing wholesale goods like this is fine because the obtain price reflects the merchandise like housewares contained in the load. I had previously learned that Rhinomart was a wholesale supplier that deals with liquidation items from department stores such as Costco and I was happy that the merchandise I would be receiving would be of this quality. As I had never previously obtained wholesale from Rhinomart, I chose that I would call them to confirm that this was the case. I spoke to a friendly staff member who confirmed that this was the case, although they could not guarantee the contents of the pallet.
I realize that purchasing these sorts of merchandise can be a risky thing to do but I was confident after talking to Rhinomart.com that this was a smart buy to make. I must say that when the delivery was made I was very impressed with the way the manifest was colleted detailing all the goods that had rived. As is this case in this type of purchasing, I went through the merchandise and sorted out those which were saleable, recoverable and those which were junk. I would estimate that around fifty percent of the merchandise were saleable as near new or second hand and an additional twenty percent were recoverable for parts or scrap. The rest was simply useless.
In all, I have been able to so far recoup the money that I spent on these pallet loads of wholesale returns from Rhinomart.com. I was really happy that this is the case because I still have a number of goods that I must market at flea markets and yard sales. I expect that in all I will make around a 30 percent profit on my investment.
Here are the things that I liked most about doing business with Rhinomart.com. Firstly, I realized that when I was purchasing my merchandise the website was well detailed and showed me precisely what I was going to be purchasing. This was ideal as you cannot inspect these merchandise prior to purchase. Secondly, the delivery time was excellent. Really I waited less than a week from the time of my order to receive my shipment. I also appreciated the fact that my pallet came with a full manifest. I was able to check that all the items including health and beauty were there and it made my sales process much easier. This is a fine service to what I have received from other liquidation outlets.
In all, I was very content with my whole experience from Rhinomart.com – I am hoping that in future I will get pallets with more merchandise like licensed pro sports that I can sell near retail, but this is the luck of the draw, so as long as I am earning capital I am happy.
