Episode Details

Download Meredith's 20 Pallet Vendor list (Use the code FREE1 to get your free copy!) : https://meredithandbiz.gumroad.com/l/GjcMwy

Follow her on Instagram here: https://www.instagram.com/meredith.the.entrepreneur/

Rob: We are so excited to have Meredith The Entrepreneur here to talk to us about pallet flipping. 

Melissa: It's a really cool topic. 

Rob: It is! We're super excited to have her here. She's given some time up and now super excited and appreciative for her to jump on here and answer these questions. 

Melissa: So thanks, Meredith for being with us.

Meredith: Thank you guys for having me. 

Melissa: So tell us a little bit about your backstory, how did you get into, flipping pallets? [00:01:00] And we're going to dive into a whole bunch of questions that I'm sure everybody has about how, how this whole thing works. 

Meredith: Well, initially I got started due to the pandemic and having a baby and not being able to go back to work.

So I came across Ashley Jane on Instagram who has a pallet flipping course, I took her course. And from there I kind of took off with it. I learned how to pallet flip, where to pallet flip, and that's how I created my liquidation pallet vendors list and I'd never gone into it at that point, I had never gone into a warehouse to purchase a pallet.

I ordered online and the pallets came right to me within three or four days. I sold my products on eBay, Facebook, and OfferUp, and I made thousands of dollars within weeks just taking products [00:02:00] from the pallets and reselling them. 

Rob: Wow. I love it. I love it. So many great questions spark in this. So we've never done pallet flipping.

It's very exciting. 

Melissa: We get asked that question a lot. So it's definitely, it's a cool niche to get into. 

Rob: So Meredith, let's break down a couple of questions for you. Definitely and we'll walk through some of these, exactly the key questions to anybody who might be interested in getting started in pallet flipping, where to start, all that kind of stuff.

Melissa: So, what exactly is it that you're doing with flipping pallets, like what are we doing with this? 

Meredith: So what pallets are, maybe people think that it's the products that come on the pallet, that's the pallet. The only thing that's a pallet is the wood that everything sits on. So, what pallet flipping is, is taking products that a customer returns from big brand stores, like Walmart, Home Depot, Target, they get customer returns [00:03:00] or they get items that are overstocked on shelves and they can't sell them quickly enough because they're getting more in and not enough is going out. So they put these items on pallets and sell them to warehouses for literally nothing. So what those warehouses do is then resell to the public, which is us, for dirt cheap prices.

So you can get thousands of dollars worth of items that you only pay $300 or $400 for thousands of dollars worth of items. So that's basically what a pallet is, what pallet flipping is. Taking those customer returns and those overstocked items and then reselling them for profit. 

Rob: Awesome. Awesome. So, okay. So if I am a customer and I take something back to Walmart, and some people maybe have never even thought about this is where it comes from, but now if I take it back to Walmart, if it's broken, whether it's just, I don't need it anymore. [00:04:00] Those are the things that are going onto the pallets. Are you dealing with broken items? Are you dealing with items that are perfectly okay? What kind of items are coming on these pallets? 

Meredith: So you can get new items. You can get items that may be broken. You