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If you are near South Carolina this may be of interest. There is a retail store called Bin Time that buys up Amazon overstock in large amounts then resells it all in bins like the Goodwill bins except prices are per item and decrease until Tuesday, they then close to restock and reopen on Saturday at $3 per item.
Link for Fox Carolina article: https://www.foxcarolina.com/news/did-you-know-about-this-warehouse-store-offering-amazon-overstock/article_56cb48dc-9c1d-11e9-a866-337f58fe8d68.html
Link for Charlotestories.com – more info and a video – BUT seems as if it is an advertisement: https://www.charlottestories.com/new-amazon-overstock-store-opened-southwest-of-charlotte-selling-all-items-from-1-3-each/
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The Pudgy Picker on Youtube has been showing videos about a similar place in Ohio – I think it’s called Price Drop? It’s Amazon returns and has the same concept, the first day each item is X price, then that price drops each day for 5 more days, then the store closes for a day to restock and reopens with the highest price the next day on the new items.
I think it’s more competitive the first day when there is better stuff still to be had. I believe Pudgy Picker goes when the items are close to their lowest price, she hasn’t mentioned that people are too crazy competitive. I haven’t seen much in her videos that I think would be lucrative to resell online but she has a booth at an antiques mall where she sells most of the things she gets at Price Drop. They’d probably do fine at a swap meet as long as you aren’t expecting a high profit margin.
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If the store starts the price at $3 an item, I cant imagine what kind of items they sell. Assume the owners arent dumb enough to sell obviously expensive items for $3 or less.
My hunch is that they run a big operation of selling Amazon returns that they buy in bulk. This store is just their way of getting rid of the broken or low dollar items that’s not worth their time.
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The video in the second link explanes it some. supposedly they purchase items by the self and do not presort the items but just put everything in the bins. All of the items are packaged up and you are not allowed to open them but they do have employees at opening stations where they will open them for you so that you may either see the condition or in some case what the item is.
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From what I saw on the Pudgy Picker videos, at the Price Drop store it looks like most of the items are in sealed boxes. The boxes appear to be generic cardboard without labels. But I think at Price Drop the shoppers just open the boxes to see what’s inside…
I’m not sure if the store owners even know what’s in the boxes unless they are purchasing with a manifest. It could be that they are getting huge lots so cheap that it’s just a churn and burn situation for them. Amazon probably has different lot price points for these store owners to choose from and the stores that sell their returns so inexpensively are just buying the cheapest item lots.
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From the video it looks like most of the items are packaged but visible so that you can tell what they are. But for clothing sometimes the size isn’t visible, so the staff will open it so you may see the size info. In the video she also showed some items that were in cardboard boxes that had little information on them so she had the staff open them to find out what they are. Customers are not allowed to open the packages – they have a list on the second link I posted of about 10-15 rules that buyers have to follow at Bin Time. Note, I’m just going by what I saw in the links and the video – I’m in California and haven’t visited the place.
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Not at Price Drop, the customers open the stuff out on the floor to see what’s inside before they purchase. I’m not sure if you are not supposed to open the boxes before you buy, but according to Pudgy Picker the customers do open the boxes to see what the item is before they purchase it. Most of the things she’s shown are similar to dollar store items in my opinion, although one time she went when the prices were higher she had a couple of things that looked like they were worth something.
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