How to Buy Catalog Returns
Catalog returns are previously purchased items, but for some reason were returned for exchange or refund, and may include items from a store's physical location. Buying catalog returns is a money-saving strategy on everything from clothing to major appliances. It also provides a business opportunity for the entrepreneurial minded.
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Expectations
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Purchasing catalog returns is not for everyone, there is some risk. Products may be in perfect condition, refurbished, may have missing parts or instructions, or be void of warranty. Most resellers require the purchase of an entire pallet or truckload with a manifest detailing the lot.
Personal Use
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To purchase individual items for personal use, shop resellers of catalog returns. Many can be found online at auction sites. When buying from an online source, read everything the seller has provided including return policies. Ask questions if anything seems unclear. Beginners should first shop brick-and-mortar stores to gain familiarity with what to expect.
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Reseller Opportunity
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Wholesalers of catalog returns typically require a state resale certificate, so consider using additional purchases for a small home business. Always calculate shipping into the cost of purchasing a lot from outside the local area, as that can greatly affect the price offered to your customers. When buying through online auctions, research the lot, establish the quick sale price that includes shipping costs for the lot and a reasonable profit before placing a bid. It's better to miss out on the offering, than overpaying in a bidding frenzy.
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