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It’ll come as soon as we can.
In the meantime, have we talked about this article? Thought it was good overview of Amazon.
https://www.theatlantic.com/technology/archive/2019/01/where-amazon-returns-go-to-be-resold-by-hustlers/580363/“I don’t want to let anyone believe the fallacy that pallets are a guaranteed way to make money. They’re absolutely not. You’re going to see a bunch of videos of people making a bunch of money on pallets,” Knoblock said. “But just keep in mind that, just like everything else in social media, you’re probably only seeing the top 10, 5 percent of what they do.”
“I’m just pulling this number out of my ass; I don’t know,” he added. “But just like everything else in social media, always take people’s benefits and their profits with a grain of salt.”
The people who seem to have decent success have to work hard and stay disciplined with their purchases and sales. Which is, more or less, the opposite of getting rich quick, or as Knoblock put it in the title of one video, “There Is No Such Thing as Passive Income.”
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One thing that is interesting to me is that when we hear about resellers in the media, it’s usually people from first-world countries reselling to people from first-world countries.
Given there is profit in these pallets *but at a relatively low effective hourly wage*, why aren’t we seeing say Mexico as a clearinghouse for American used goods to be sold back to Americans? (Or maybe it is and I just haven’t seen the reporting.) Mexican median household income is like 25% of the USA’s after all, so a pallet that’s a bust for an American hustler might still be quite profitable relative to the alternatives.
Is it expensive to ship from Mexico to USA? Is it more profitable to buy pallets and sell them in Mexico domestically? Why is this dog not barking?
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Simplicio, Most of those amazon returns pallets and such seem like alot of electronics and small electrical items, both are heavily taxed categories coming in to mexico. To import pallets and pallets of stuff would be a nightmare of different taxation per item, you need to use a customs broker, and some things like used clothing are prohibited all together, not to say that it does not sneak in here and there.
The auctions I buy from here are similar stuff,usually seized because people did not know the laws or were unwilling to pay the taxes due. Some items you might think are perfectly harmless require a permit to import here, two good examples are rifle scopes and pellet guns, both items that once here are worth double what they would be north of the border in the US. So, my ears perk up a bit when i see a lot coming up for auction here that has those types of items included…
As far as shipping from mexico to the US it can be done, but not all companies will let you ship certain electronics internationally. This is due to two things, company policies with say DHL vs Fedex vs Estafeta.
Also companies have agreements to only sell in their geographic areas. A great example of this is that I recently bought a new metal detector, was able to negotiate a price of $500 in the US but the US dealer would not ship to mexico because the same company has dealers here, so they do not let one dealer step on the toes of other dealers in other countries. I ended up buying here and spent closer to $700 for the same item… If I had bought in the US and shipped that to a friend and had them reship to me here in mexico it would have probably cost close to 100 in shipping with the appropriate insurance and i would have owed at least another 100 at customs…
Ah, international living! -
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scott2 I was interested to read your statement “some things like used clothing are prohibited all together, not to say that it does not sneak in here and there”. I think this might be the reason I see so many people of Mexican heritage at the Goodwill Outlet buying clothes. If pre-owned clothing can’t be shipped in then there is probably a pretty good market for it in Mexico.
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Vintagetreasures, yup, everyone loves a deal! Could be people who live there enjoying the bargains or maybe some people traveling and planning on bringing it back as personal clothing, but doing LARGE quantities like bales of used clothing in against the law to import here. The law is meant to protect the national clothing industry, lots of clothing made here…
They could be exporting to any number of other countries though, used clothing is a big seller in places like honduras and guatemala… -
Yes, I’m guessing it’s about exporting from the quantity. You definitely could be right about Central America instead of Mexico though. I have a friend from Honduras but I probably can’t differentiate just by looking between Hispanics from Mexico as opposed to Central America. I lived in Arizona for a long time and so many people I met there were from Mexico that I’m just assuming most Hispanics in Colorado are from Mexico also. I’t be interesting to find out if that is the case or not…
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