How Liquidating Unwanted Goods Became A $644 Billion Business

[@andybaldman]

If this doesn’t show how disgusting, spoiled, and wasteful we are as a society, I don’t know what does.

[@the_notorious_bas]

I'm all for consumer rights, but this tells me that regulators need to change the return policies.

[@anthonynelson6671]

I'm thankful that there is big investment into trying to keep this stuff from going to landfills. Just seeing how much gets thoughtlessly thrown out in our society really does emphasize the importance of needing to change how our society buys and throws away stuff.

[@anthonynelson6671]

@@the_notorious_bas Would you be advocating for more stringent return policies that would make somebody need to think through their purchasing decision as more of a commitment that they can't just take back as easily?

[@angelgjr1999]

This is literally what happened before the Great Depression. Get ready for a long painful ride…

[@anthonynelson6671]

@@angelgjr1999 Ohh dear... :/

[@palmersolga]

After a horrendous 2022, shell-stunned financial backers have misfortunes to recover and a lot to consider, as an expansion report and a pile of different information did close to nothing to change assumptions that the Central bank would probably keep climbing intrest rates regardless of whether the economy dials back, And that implies more red ink for portfolios for the principal quarter of year 2023. How might I benefit from the ongoing unstable market, I'm currently at a junction choosing if to exchange my $250k security/stock portfolio.

[@jackbills]

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[@LuvableAF]

Stock performance means "nothing" if people need money and take their stocks out. (reducing the value). This is *actually what is going on here.

[@mirror_law]

For a start, we can get acquainted, think about how we can be useful to each other and try to build a long-term perspective interaction.

[@rinsolaris2284]

I live in the Philippines which is thousands of miles from the United States, yet I live close to a giant warehouse filled with unsold and return items from Amazon North America.

[@EveFrag]

Well ofcours sir. Ita 3 world country no money to buy anything that why u saw all that un sold stuff sir u know i mean do disrespect but you think you know that sir I'm sure that why u move and ur here in good ol USA u know no had no work or no money in ur home land n now,u have job n u get paid any ways yeah.

[@astatreggie]

@@EveFragI had an aneurism reading this post.

[@roblo8188]

@@astatreggie seriously, such a silly cow, lets laugh at him

[@je8z6x]

Where is this warehouse?

[@Zt3v3]

"They were lowlife buyers" Gross, what a nasty guy.

[@joaolemes8757]

I don't get how they could say, film, edit, revise and publish this without someone noticing how vile and evil that man sounds. He took their money, if any of them where dirty so is he.

[@krazymarmot]

just like we see metal scrappers now a days. you are just lying to yourself. its a totally normal quote. your just fragile

[@mikeg2491]

@@joaolemes8757 Some people are low lives though lol. You don’t think unscrupulous people don’t work in the p0rn, payday loan or other shady business? Come on. What about car choppers or copper scrappers?

[@joaolemes8757]

@@mikeg2491 agreed, some people are shady, so are executives who improve their numbers on business with these people.

[@richardanderson8627]

I worked at Wal-Mart return Center . The amount of waste in the USA is astounding . A lot of stuff will go to a landfill . , some stuff will be recycled .

[@JoseAyerdis]

"You wnated to go wash your hands afterwards, it was lowlife buyers". What a disgusting statement this is!

[@Arcwol]

Agreed. It was definitely an odd statement

[@fitnessnaturale]

The mafia was involved in the early days. That's why "You wanted to go wash your hands afterwards, it was lowlife buyers"

[@stevenmatosu9321]

@@fitnessnaturale 02:52 (in spite of my supporting a highlight of the runaway wealth gap)

[@davismavis2834]

Yeah, so lowlife people have dirty hands or people with dirty hands are lowlifes? Either way it's unnecessarily insulting.

[@AztecDread]

Even worse he's saying if you're a hard worker you're a low-life disgusting POS ​@@davismavis2834

[@bvang8370]

This explains why some "new" items arrived looking used/rusted.

[@TheZombieGAGA]

Absolutely

[@libertas-goddessofliberty5664]

You could solve this by making almost all or all sales final. People would barely return and think twice before buying anything.

[@Justin-hn9uv]

@@libertas-goddessofliberty5664 Or it could encourage manufacturers to abandon quality control, an often expensive part of the manufacturing process, because consumers would have no recourse if their item was defective. I think all you need to do in create a transparent and reliable seconds market like the refurbishment market. But these sellers won't do that because they want to sell opened and used items for the same price as new. It's simply greed.

[@apelsinuke]

i do not mind buying a used/returned item if it's clearly stated it is used/returned, and of course, costs a little less than the brand new. i like the idea of saving an extra few dollars as much as i like the item not ending up in a landfill, and the seller still makes a small profit or at least returns their own money they paid for it in the first place. it's a win-win.

[@apelsinuke]

but if a used/returned item is sold without mentioning that, i'm not really ok with that. unless returned item is totally unopened and package is not damaged. i mean...if you want to buy something as a gift but the package is damaged....it's not good

[@michaellouis5458]

Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..

[@anastasiakoen5872]

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[@andrewcleverly1322]

Everyone needs more than their salary to be financial stable. The best thing to do with your money is to invest it rightly, because money left for saving always end up used with no returns.

[@cassiejacobs4197]

Who is your financial coach, do you mind hooking me?

[@andrewcleverly1322]

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[@andrewcleverly1322]

Facebook 👇

[@andrewcleverly1322]

Evelyn C. Sanders

[@andrewcleverly1322]

Telgrm.....

[@Sonicpants69]

That language used .. 'low life buyer' .. makes my stomach churn - and not because of the buyer, but because of the clear disgust these pigs feel toward fellow human beings.

[@stevenmatosu9321]

Bad editing by creator, Zac Rogers @02:52

[@kylesmith4572]

People who carelessly return items on a regularly basis increase the cost of goods for the rest of us. Drives me nuts.

[@IKhanNot]

Some retailers are cracking down on it. Costco is one of them and the second they see you're returning a lot of stuff they cancel you membership.

[@exgangster843]

Th return policy itself is th beginning of th circle of evil

[@transformationalpianolifec1643]

Does Costco say how many returns will justify their membership cancellation?

[@BJMStan]

But, but, but….. we are reducing your carbon footprint!

[@Jessrobbie]

Hey you scrolling down the comments you're going to be very successful and blessed.

[@pierogallo132]

Amen

[@confidencestephen4116]

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[@souza-t]

@Melissa REID Most profit comes from capital gains from owning a business. It's good to have a multiple streams of income (investments)

[@Ayasha_khan]

@Clara Gregory it's not recommendable to go into trading or investment when you don't know how it's done

[@crystaljune473]

@@Ayasha_khan Mrs Galia is legit and her method works like magic I keep on earning every single week with her new strategy

[@MONi_LALA]

This is what a "throwaway" society looks like.

[@mudkingz6432]

Correct I have things built in the 50's that are better then the newest most expensive thing you can get!

[@LifesAbe-ach]

This isn't a throw away society example , this is big business putting profit over the environment.

[@Evettecord]

@@LifesAbe-ach but no one is going to produce stuff that can’t sell. And we want to be able to easily and quickly get what we need. I like the resell model and encourage more ppl to get into it

[@LifesAbe-ach]

@@Evettecord Factories in Çhina , India ,Vietnam, Thailand etc all produce dollar store crap that people want ? . People buy loads of goods they don't need or really want and it's subliminal advertising and social media manipulation that are part of that . Auctions of returned goods is the suppliers environmental responsibility get out clause not forgetting the poorsellers on Amazon getting ripped off by it's returns policy.

[@reaperzeero]

Nothing brings me more satisfaction than efficiency. To think about how all that merchandise is going to be re-sold and not go into a landfill makes me very happy indeed.

[@quentinparker7404]

Flip and sell!

[@dieselboi666]

People like me

[@brodriguez11000]

The system wouldn't exist if the original system was more efficient. It shows that there's a customer for everything.

[@sunablast]

the world still will not last very long anyway

[@andybaldman]

It will still all end up in a landfill when people throw it away in a year, to buy the next new thing.

[@TheIncomparableGolfer]

This is what happens when you let companies create endless products nobody wants or needs..

[@cassidycross3406]

Right. Everything is made to break down now too.

[@b22chris]

Seems to me it’s more of a direct result of online shopping increasing the % of products returned.

[@justrandomthings319]

And who should we put in charge of determining what companies make and what people "need or want"? You?

[@greensplatter3480]

This is what happens when you create generations of people that are wasteful, and dont strive to create quality products

[@TheIncomparableGolfer]

@@greensplatter3480I see what you mean... but just because a product is made with the "highest quality" doesn't mean we need it to survive or live a happy/healthy life

[@obey2dmax]

This should be a wake call for Americans. We are very wasteful society on everything.

[@montyi8]

You just realised now? 😨

[@obey2dmax]

@@montyi8 I don't know the extent of it.

[@dfgyuhdd]

What??? These are return items. If Amazon sends me something that’s damaged I’m just supposed to keep it and pretend like it’s not?

[@song1861]

@@dfgyuhdd not everyone return because of damage's good. Some people buy it and return after use once. Or they changed their mind. Or they find another place with cheaper price.

[@AgroAce]

So... one of the only countries that has created an entire industry to be less wasteful needs to be less wasteful? I don't know if we watched the same video but this video isn't showing landfills, it's showing people re-selling stuff than in 99% of countries would go to a landfill because it was returned. So shame on us for wasting less? uhhhhhhhhhhhhhh

[@philipjdry1234]

Calling father and son resellers as sketchy unsavory people is kind of low

[@philipjdry1234]

@Jonathan Velez to be fair, not every reseller, many were trying to make a good business but there is no doubt there had to be a lot of conmen in the industry

[@jasonwilkins1969]

It was definitely a classist undertone. It's kind of like how people view Metal scrappers. Personally, I think they're awesome and have hustle

[@justrandomthings319]

Glad I'm not the only one who noticed that. He kept trying to undermine mom and pop resellers by bashing them and making his company seem like the savior.

[@stevenmatosu9321]

It was a bad edit, they were talking about criminal organizations who would sell drugs, buy cars cash, resell car, they then can deposit clean cash at the bank. NBC just needed adjunct professor Zac Rogers to say it for some reason, check @02:52

[@philipjdry1234]

@@stevenmatosu9321 thank you for clarifying

[@ir0ck1000]

You have to be careful of companies like BStock, they are not honest businesses. One thing this video doesn't touch on is that there are different levels to what is classified as customer returns. For example, shelf pulls are classified as customer returns. Shelf pulls are brand new merchandise that was pulled because it didn't sell fast enough and room was needed for newer merch. You have items returned that are "like-new" "open-box", etc. These liquidation companies will advertise an auction as "Shelf Pulls" or "Like-New" but what they send you are salvage items or completely broken merchandise. They do not allow returns, they only offer credit on your next purchase. But don't take my word for it, look at their better business bureau reviews. Understand that many of them also have eBay stores of their own! Know that there are insane conflicts of interest involved. It's an all around shady business.

[@Nicosdayinthelife]

I need to get my hands on this, who wouldn't want major discounts

[@asadb1990]

the issue is that most of the inventory goes to the wholesale buyer. and they then sell at only small discount.

[@SzymonPmc]

Look on sites like ebay, I bought a gaming keyboard for 20% of the original price. Was from a return, only had one scratch

[@INICK84]

They have return store piping up all over the place now!! I have on in my local mall!!! I post videos every Sunday

[@SLICEDfinds]

Depending where you live, there should be at least 10-20 stores selling liquidation products. Here in Indianapolis, there are maybe 40-50 places in a 20 miles radius.

[@RKanth54]

@@SLICEDfinds im by bloomington so are there any places down south from indy where i can go?

[@johnkennedy2068]

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[@marshallshaw8528]

Cry`pto is the new gold

[@jeanjacobson249]

Stocks are good but Crypto is better

[@benthomas2327]

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[@m3lo544]

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[@m3lo544]

he's available on what's app

[@waynecmontgomery]

You guys forgot to mention Goodwill and the Salvation Army do this as well.

[@deepdude4719]

@Ba Goai Stop putting these video addresses in youtube that are spoken in a very difficult foreign language and the topic is not interesting just to get views from american users. KZbin should delete your account. Please people do not click on the link. I guarantee you is just fraud. Risky and waste of time.

[@Ldeos]

they want to make profit for themselves and did you even see how 1:02 he refers to people??? "low lifes" I think we should start building the public guillotines.

[@stevenmatosu9321]

Salvation Army do good work, trying to integrate prisoners back into society when they were not even violent offenders. Goodwill is increasingly chasing profits sadly.

[@lanjuan734]

A lot of scammers preying on unsuspecting victims everywhere using real trader names😡

[@lanjuan734]

lAs don't go around publishing their contact info on comment sections📌

[@lanjuan734]

I've come across a few using names Stephen Bernard Halterbeck for their fraudulent schemes

[@lanjuan734]

These Brokers/lAs are real and have official and verified websites for contact purposes.

[@lanjuan734]

I was a victim and I won't want anyone else to fall prey

[@mollyjohnson777]

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[@bellajohn2258]

I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k. Somehow this video has helped shed light on some things, but I'm confused, I'm a newbie and I'm open to ideas.

[@mclarendavid5935]

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[@jacksonpaul586]

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[@Freddyjoh16]

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[@stevenmark4492]

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[@jacksonpaul586]

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[@LittleMissSunshine721]

Thank you, thank you, thank you for shedding light on this! I’ve been saying to people to shop around for things at places other than your big name corporations, but sadly, some look at bargain discount shops as low brow/“poor people” stores. I went to Gabe’s very recently and paid less than $15 for cleaning supplies. I was so elated! Those items would’ve cost me at least twenty bucks elsewhere. You can be posh or upscale and still be smart about how you spend your hard earned money. Again, much thanks to whomever decided to speak about this. Save the environment AND your money! 😁

[@RockinRocketScience]

Unironically, it's always smaller companies that charge more for regular everyday items, whether it's cleaning supplies, groceries, drinks, exercise equipment, and etc. It's pretty damn hard to save money going for local businesses.

[@katielove9932]

You are so right! I have shopped at Dollar Tree for over 30 years and saved thousands of dollars not knowing that most of the products come from liquidators. They were the same items from WM and other stores and I got quality goods for near to nothing especially when they were only $1. Because I don't look homeless, and am not as such; one person looked at me in $ Tree and said too me, "You don't look like you belong here". I was taught to dress right, and stay healthy and I had just as much right to be in that store as anyone else, even if I could afford a more up-scale store.

[@WhiteWolfos]

​​@@katielove9932 it comes down to looks. Dress right and it looks wrong in certain places. That's just normal. A person who dresses like a million bux doesn't seem to fit in a dollar store or a ghetto in a third world country etc and a person who dresses wrong like dirty ragged clothes doesn't seem to fit in a exotic car, mansion or luxury store, professional office space etc but that's just a normal judge pattern association.

[@SamsonStone-hu9vw]

@@katielove9932 who says that lol… no one

[@SamsonStone-hu9vw]

Maybe a 4 year old

[@dilly2000]

These videos are great ! Nice job selling eduction rather than fear! Thankyou.

[@INICK84]

I complete Agee sell education and not fear the best way to do need!!! I post ever Sunday!!! Subscribe

[@ya00007]

I just don't understand why the return items can't just be put back on the shelf? Also by just throwing it away, doesn't Amazon or the party selling it on Amazon lossing a lot of MONEY? I don't understand the logic. Someone please explain. I live in the UK and I don't know if this happens over here.

[@pierrex3226]

A lot of people absolutely freak out at the thought of not being the first one to open the retail box of what they're buying. It's mystical for some. I had a friend who was like that. Brought him a pixel phone from the UK. When i said i was curious to open the box to check it out he absolutely freaked out. If it's sold as new, it must be new, otherwise you risk really offending some of your customers who can end up being very vocal about it.

[@FFGuy-eu7hr]

There are some liability issues. Let's say you return a toaster and it goes back out on the shelf and the customer who had it broke it, and the next customer buys it and something happens, the second customer could sue the store for selling them a faulty good.

[@bluestonemetallic7]

….1:01 what a clown 🤡 , taking a swipe using “low life” to describe folks who wanna earn honest living selling sort of 2nd hand goods. Unbelievable.

[@angelgjr1999]

The clowns here are reselling garbage for a profit while claiming they’re doing good for the environment. Nothing is green about shipping items around the world just to end up in a landfill anyway,

[@bryanjackson7735]

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[@miarenae9428]

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[@JustAnotherINFJ]

@3:22 😂 That is the funniest thing I’ve heard in a while. People returning online purchases are causing Inflation and not the printing of trillions of dollars?!? 😂

[@TriAngles3D]

Everything changes, everything stays the same. Amazon puts the brick & mortar retail out of business only to now reinvigorate the brick & mortar to sell their returns?

[@janicechildress2952]

Member Mr. Cheney in Green Acres? Always will be garage sales, antique dealers, but retail liquidators? Isn't that just the pawn shop on steroids to preserve big box brand/reputation? The UPS store always packed with people! So is the Post office, but they don't need labels or packaging. Some friends porches look like a.mini wharehouse!

[@spacelinx]

I remember watching a documentary about how the area of West Africa had become a dumping ground for used/unwanted clothes from Europe and the Americas; more specifically the North Americas. I was totally shocked and had no idea about this. Villagers would sometimes travel for several miles on foot, sometimes with their kids, to pick through this clothing waste to sell into their communities and earn money. Most of it just became literal mountains of clothes on the beaches and wherever.

[@bethsnyder8376]

I saw something like this too...they called it Deadman's Clothing...how even third world counties didn't want these clothes.

[@jhgfuifyt]

funny enough I grew up in the global south in a slum where the western world garbage would be dropped on our communities, thats how the world works under global capitalisms, the global south is the dumping site of the west,

[@patrickblue3813]

I have seen the same sort of thing but with old CRT computer monitors and other electronic goods from western countries (UK and US especially) that was supposedly recycled in those western countries All the west done to recycle is pack the items into a shipping container and ship it out to various parts of Africa, where the people there (including kids) burn the wires (full of toxic chemicals in the smoke) and various other parts to get to the copper wiring

[@samanthab1923]

@@bethsnyder8376 It’s called Fast Fashion. Trendy & of poor quality.

[@dnyce3506]

Great video saw that too!

[@Birdylockso]

My concern is that with the big players waking up to this business model, they will muscle in easily and squeeze out these little guys, who was doing well, below the radar. Now that the cat is out of the bag, their profitability will experience more headwinds going forward.

[@gfdia35]

Seems a reasonable assumption but if Amazon cared enough they wouldn't be selling to these guys,,, Walmart and target definitely need to get with the program more, I've seen them both at the store level throw tvs and other furniture in the compactor because of the slightest breakages : (

[@brodriguez11000]

@@gfdia35 : How much of that is due to the laws around new items.

[@EvangelistRBColbert]

It's already happening! Some of the resale brick mortar stores like Good Will keep increasing their prices.

[@johnh8705]

That's exactly what they did. The guy was complaining about having to wash his hands because the little guys were nasty

[@ryanmcmullen9374]

@@gfdia35 mgood ixu p î

[@THEHIGAADINSTITUTE]

How can we haul for liquidity services? We have hundreds of trucks we can offer!

[@KrishnaDharma21]

This shows the irresponsibility..carelessness of rich nations of producing in abundance and still face inflation God bless america!!,

[@SabrinaDacosta]

Rich nations don’t produce they only consume. Items are produced in China and cheap slave labor countries

[@dfgyuhdd]

This doesn’t make any sense. The items are returns. If Amazon didn’t send me damaged or wrong items then I wouldn’t be returning them.

[@jkfdkjjd]

When he goes "The reason is to find a home for these things and keep it out of landfill"... Yeah right, it's so they can make more money it always is.

[@nzwakele]

That's exactly what I was thinking. he's done well tor himself but don't be disingenuous and say it's for the good of the world

[@adiposerex5150]

So?

[@andonokusumajati9607]

I see a self sustainedway to help the Environment

[@nzwakele]

@@andonokusumajati9607 Cool, but if it wasn't turning a profit would he still be doing it, most probably not. If that's the case don't say recycling is the REASON. The reason is to make a profit

[@dnguyen787]

So what he is making money? Is it illegal??

[@sunshinemodels1]

and the lies continue.. remember when all you saw in headlines was "shortages" .. yeaa.. no.. meanwhile behind the scenes there are warehouses with massive loads of products just sitting around

[@UmmYeahOk]

It’s buyer behavior. It goes beyond buying up multiple sizes to see what fits. I’ve sold on eBay for years with no issue. Same individual item again and again. One year I sold on Amazon and I was blown away by the types of buyers I had. Many requested a cancellation of purchase, which I gladly did. I don’t want to have to pay for return shipping due to a mistake the buyer made. Many also requested a return claiming the item was defective, but when I paid for the item to be shipped back to me due to Amazons return policies, the item would be returned in perfect working condition. I don’t know if people are buying suggested items without thinking, or assuming they’ll get something free if they complain, but I can’t imagine the horror if I had to trash every single return I got. Sometimes, after paying for the return shipping label, the buyer would never ship. All they had to do was print off the label and schedule a pickup, but the act of deciding to keep it without any further communication beyond return approval makes me believe they were after a freebie.

[@manp1039]

I think sometimes people who buy and return an item on Amazon are returning item because it does not meet their expectations. Or it is not meeting their needs. And I think sometimes it is necesary to get an item in your possession to see if it does. I am curious to know what you were selling on Amazon that got returned.

[@fernfractal]

why would you have to pay for a label if the delivery service was never used? 🤔

[@SabrinaDacosta]

Because that’s how selling ok platforms work. You purchase the label before shipping the item and the customer is notified the item is being shipped however if it’s a dishonest seller they never actually ship the item

[@UmmYeahOk]

@@SabrinaDacosta was this in response to Keya’s comment? Because if so, they were talking about return shipping. The CUSTOMER must ship the item back in order to get a refund. The seller paid for the label, but the CUSTOMER must print it out. When they print it, the seller is notified that the return is being shipped to them the same way a buyer is notified when the seller ships something. So the buyer could theoretically print off the label and never ship it, just as a dishonest seller might do. Most don’t print it off though, and never communicate about changing their mind, or claimed they shipped it. The unused label eventually gets refunded back after a couple of months. It’s just annoying if you are just selling something out of your house, versus an actual business where that’s all you do for a living.

[@UmmYeahOk]

@@fernfractal that’s just how returns on multiple selling platforms work. In fact, in many cases, if you order something online from a normal retail store, when you get it in the mail, on your invoice is a return shipping label already there. That label was prepurchased by the retailer. If the label isn’t used in an appropriate time, like a couple of months, the shipping company automatically refunds the label back to whomever purchased the shipping. Large corporations that do this all the time can handle money like that floating around, but small independent sellers doing this from their house can’t, so they only do it when requested. No one likes paying for shipping, but if there is a true issue with the product, the seller must pay for return shipping. So in many cases people will say something is wrong with it, rather than simply admit that they changed their mind.

[@raituano849]

Be wary it’s not common but it does happen, appliances get sent to liquidate due to faulty manufacturing. Like buying a toaster for cheap but it turns out to be a fire hazard

[@brodriguez11000]

Maybe. The story didn't cover the what if of a liquidated product being defective. Usually there's some kind of guarantee, but how good is it?

[@rayoflight62]

I bought a coffee grinder from Amazon for £35 expecting some quality. It was a shiny device from outside, but was absolute rubbish inside. A small sticker showed a duty cycle 30 seconds ON - 1 hour OFF. The motor was made with maybe 10 grams of copper. It puffed smoke and quit at the first use. It is the only return I made to Amazon in the last three years - I made a mistake of buying tech stuff on Amazon. Usually is a guaranteed scam when you buy a 1 TB thumb drive for £20, but this was presented as an high-end coffee grinder; yes, an high-end-looking coffee grinder made for the purpose of being returned. The video doesn't talk of all various degree of scamming of high-tech devices on Amazon, like those £70 smartphones with 6 GB Ram / 256 GB Flash storage...

[@tristqnejdjeh7278]

I used to work for a family-run chain of retail stores in San Diego, GTM, who strictly buy "unwanted goods", returns, damaged goods etc, from bigger retailers in the area. They make good money reselling that

[@randej3931]

Mr.Angrick and Mr Sciarrotto are full of bulltrtump. The liquidation business use to be run by hardworking and very honorable small business people. Many of those businesses gathered at the old ASD and Off Price Show and other well known trade shows held in Las Vegas. I might need to wash my hands after after meeting these corporate jerks who badmouth many good people I knew personally.

[@TMS5100]

@12:16 companies like apple that oppose right to repair are preventing refurbishing/repair from happening, and creating huge amounts of e-waste and environmental destruction.

[@joem0088]

There is nothing new in this. Consumer society produces a lot of waste, obsolescene, single use rubbish, fast fashion ... whether it is in the form of store returns after 2 weeks (the subject of this video), or short keeps after several months. The costs keep passing back and forth along the chain. The end problem is always the disposal of garbage and the environment effects of making and remaking. The fundamental problem is the wasteful behavior of consumer society which doesn't keep reusing the same objects for decade. The return problem is just one aspect of the bigger problem.

[@ScareFestTTV]

It's a business I'm extremely interested in but you gotta ween out the good from the bad/damaged/broken/missing part ones.

[@INICK84]

You can create stores that sell Amazon returns!!! They are very profitable!!

[@angelgjr1999]

Don’t do evil stuff like this, greed is the devil.

[@cable30]

Greed has always been around it just more noticable then years past.

[@deepdude4719]

@@INICK84 are they legal? Could they be offline and online stores?

[@Evettecord]

@@angelgjr1999 ppl will always want to buy stuff. I don’t want to wait for it and I want it affordable

[@turnne]

I am amazed they dont open their own retail stores. Sell the merchandise as is/where is/ no returns at a huge discount

[@Iquey]

Overhead of retail is high. The goods at ultra liquidated prices wouldn't be enough to pay for the costs of the store lease footprint.. warehouses with warehouse employees, shipping to a guaranteed buyer with a home address avoids the liability of shoplifters who live in RVs or in the streets in tents, or even just people who don't come in to steal , but merely browse and touch merchandise without buying anything.

[@SoulDevoured]

They actually do have experimental retail centers in Europe. Idr which country as... Amazon is doing alot of weird stuff. But a big reason no one likes selling discounted returned or damaged items is because they don't want the hassle of unhappy customers and possibly even lawsuits. And "brand integrity" is a factor for alot of them.

[@benzpinto]

the same reason amazon dont do their own liquidation. less overhead and cost by just focusing and specializing.

[@MelissaR784]

Company's use to have their own outlet stores....don't know why they don't anymore.

[@Mitch-zr4wb]

There is too much. We are in this business, at the local level. We don't have the overhead that retail locations have. Our biggest expenses on $250k in sales last year was inventory, shipping, and then platform fees. We run a 3000 item store out of our garage and home office, part time.

[@isaac198428]

As a person who shops on the clearance aisles at stores, I'm loving this documentary. It's an industry not many people think of on a large scale but definitely very profitable.

[@imCryptoRixh]

When I was younger my dad used to purchase pallets like this and we would go to the flee market and made some pretty good money

[@WhiteWolfos]

​@@imCryptoRixh same the economy was pretty strong until wholesalers started to mickey mouse the pallets for short term gains. Ofc this ended up destroying the companies that my parents bought from because nobody wants to over bid on junk.

[@Mike-fx4nu]

Yes, those 5% margins.

[@kingjames4886]

I don't think I've ever seen a place selling refurbished goods that didn't have issues with quality.

[@-.TS.-]

The only issue is that the majority of customers are re-sellers. So most consumers aren’t getting the discount. But either way it helps the environment which is great.

[@340xi]

consumers are getting the discount. I buy off of a guy on facebook who sells customer returns. 50% off of retail for a working product IS a discount

[@Sirikazy]

how deceived you are in this world. how can you ayudar the environment if an item instead of being sold 1 time and not returned spending even more resources.

[@joefer5360]

I buy an item that is in a pallet that ends up costing me 50 to 99 percent off of retail price - I'm being honest, and then I create a distribution network that involves the most efficient and humane system I can think of because I'm not a PoS baby boomer. Once I figure out the price and I can hopefully sell below the cost that Amazon or . Sometimes it can be only 10 percent below retail, sometimes it can be more than half off of retail, sometimes it must go for slightly above retail price. This is the nature of retail sales and the best companies are the ones that continue to try to provide the same or near same value for a better price - relative to purchasing power. With individual pieces being purchased - for example clothing in a thrift shop (Goodwill for example) located in a town with less than 50-100k people living in it. Prices for clothing pieces can be $1 to $5 a piece. Now, this inventory is "trapped" in this town and I am willing to make it my living to get this stuff out of there. I use savings from wages earned in my early 20s and income earned from reselling over the years. I remove 200 pieces of clothing from the town, then I go and rent a table at a local flea market. I figure out the average I paid per clothing unit and simply double, triple, or quadruple that number depending on if it is 1, 2, 3, or 5 and what the cost of my lunch, gas, and table rent is. This stimulates the town I drop by in to purchase a piecemeal of their inventory, followed by providing my local area cheaper goods that weren't formerly available. That's capitalism and yes it can help the environment if the CEOs of companies aren't demonic entities that are against humanity.

[@smokerscough2907]

If you go to a discount store that resells big brand names, you're buying company liquidation. You get a better discount than retail, don't act like consumers are being screwed over entirely.

[@joefer5360]

@@smokerscough2907 So if a small business owner uses their monies earned from wages earned, to purchase an allotment of goods for resale - the one's who make profit are the..... small business owners who usually own local discount stores. You know what is screwing over the consumer? Your mindset of "person who sells stuff for a living = sleazy bad person looking to screw me over". It makes the concept of buying low and selling high seem like the devil's work. Then your neighbor is a governmental paid worker, who complains about the lack of stores in a neighborhood. Why bother being a merchant of cheap costing goods when the comsoomer is just looking for the cheapest dollar price and will never consider quality source materials, manufacturer origin, refurbished, second hand, up-cycled, ethics of brand. Next best bet for the merchant - buy the excess that the major corporations have ordered, hope their margins are thin, make your local community richer by offering a low price - high quality store, make your store owner capital living salary from the high profit margin, and know that less crap is being burned into the atmosphere. You want less brand names? Create or seek a brand that is "No-Frills" and goes out of it ways to reduce cost through a lack of marketing. Ask your government to stop incentives for farmers to destroy excess crops and make the incentives "sell corn/cotton/coco to XYZ Government NO-FRILLS factory to produce XYZ derivative product and resell at cost or penny profit margin to redeem the issued dollars used for said social project. This solution isn't appealing to paper asset speculators however. Commodity Future "prices" will "plummet". Same amount of corn in bushels will still exist however - more likely to just sit in a field and rot.

[@GreenAppelPie]

I have yet to make a return to Amazon that wasn’t damaged, double shipped, or not as described. They could avoid a lot of returns by better vetting. I also often select returned items if the saving are worth it, so far no problems.

[@manp1039]

your experience is similar to mine. And I like that amazon still provide a 30 day return elegible policy for items bought from the Amazon Warehouse. So far i think everything i bought through the Amazon Warehouse was essentially as good as new as far as i could tell. I have returned a few items that were not suitable for what i needed, but there was no way for me to conclusively determine that just by pictures or comments. I imagine in the future items will be 3D scanned and viewable in VR in lfe size proportions, which will help a buyer make better decisions before pressing the "buy" button. It may not prevent all needed returns, but would help create a better shopping experience and i think reduce the costs to the vender, by reducing the number of returns. And the buyers will have increased satisfaction of more likelyhood of getting the product they want or need. I think also it is misleading for some of the people in the video saying there is increased package waste because people return. I know that Amazon will take the package as it was delivered at their return hubs. You don't need to put it in extra boxes packages.

[@jblyon2]

Yes. In the past few months I had 2 orders that were incomplete (e.g. pack of 6, only 1 shipped), 1 was damaged in shipping, and 1 was improperly categorized by Amazon. 3 of the 4 returns would have been prevented if they vetted the listings better.

[@MelissaR784]

@@heaven140 I've probably bought that amount from Amazon in 10 years. 🙂

[@eklectiktoni]

same

[@NazriB]

Lies again? Ugly America

[@sticksandstones1885]

That's a very small percentage. Most box stores damage it out write it off as a loss. And get a huge tax break for throwing it away their employees smash it up and put it in the trash compactor. And the reason why they do that is because it's cheaper and more profitable it costs money to ship that stuff around it costs money to pay people to move it around so the more you handle it the more money the store is lose so it's cheaper for them just to throw it away. That's why we become a disposable country and not a recycling country because we don't have facilities to do any recycling any recycling is shipped overseas which cost money. And nobody wants to buy it. The federal government needs to step in and change laws. And they also need to build recycling centers.

[@johnl.7754]

But the reason that is happening is that the USA wages are too high (not saying that it is bad overall ) to have it resold that’s also why ordinary people don’t repair their own stuff when it gets broken. If you force companies to do things that will increase their costs then the country will face even higher prices and inflation.

[@TheIncomparableGolfer]

I say we create limits on total # of product items. For example, companies should not be allowed to make a product unless the item has a "longterm customer"

[@SLICEDfinds]

@@johnl.7754 Ordinary people don't have money to feed themselves. I doubt they're buying liquidation products. The wages in the US have been the around same for at least 10-15 years. Wages have nothing to do with this issue. The issue is our society has been spoiled with cheap products we don't need.

[@Evettecord]

@@SLICEDfinds I don’t know what Americans you’re around but we have an obesity epidemic here. Americans are obviously eating

[@jwhyte67]

@@johnl.7754 Companies are making record profits so "high wages" certainly isn't the problem, we have a system that incentivizes waste rather than reuse and that's a problem that needs to be addressed.

[@NoInterleaving]

In Germany Amazon sends all items to Poland and then destroy it there because it's cheaper, (Its forbidden by law to destroy items if it is not borken in Germany).

[@jeffmontecillo7486]

This is one of the coolest things I've noticed recently. When Ollie's popped up in my hometown selling name-brand goods at a quarter of the original price...I knew liquidation stores would be the way of the future. I love it. It makes me happy seeing these goods find homes instead of ending up as pollution.

[@COMPUTER.SCIENCE.]

As they said in the video, anything new and can be refurbished they sell at 60-70% of original value. So either you're ignorant, or the items you got stayed in their warehouse for a long time, or those were actually DONATED goods, not liquidated. Ain't no way a bricked store selling new brand items for 25%! I'd somewhat believe if it's just an online store, or from individuals.

[@steveestebon2079]

Lmao you really think you got a deal. You fool you

[@brianholloway6205]

I’m hope hoarders don’t watch this

[@jay-rus4437]

Will just take Bezos a few moments to decide that there is money to be made and then create his own recycle and liquidation center. He has the money to setup huge warehouses as needed, then these companies will be in trouble. I wouldnt trust a business that is so closely tied to amazon

[@Mexican00b]

"it was small, it was unregulated" Aka: now that we are big and pretty much a monopoly we need regulations so other people cant enter or its too hard for it A la big corporation lol

[@anonUK]

Trotters Independent Traders, Inc.

[@meatsuitpilot6642]

Funny how the small business guy is "unsavory" and "makes you wanna wash your hands" but the big corporate robber barrons are somehow a positive thing.

[@jaywalker712]

That is a fact, some small operator out trying to make a buck is slime while some corp breaks it off in your azz its ok.

[@stevenmatosu9321]

I could see how one would draw that comparison since the references are not in linear order, but the narrator was referring to Mafia and other organized crime throughout history who would launder dirty/stolen/drug money through the purchase of merchandise and recoup the value from the resale of that same merchandise. It was simply a bad edit where they show normal individual entrepreneurs directly after and then have the actual explanation continued by the interviewee of the palette company. Typical NBC...

[@alphaomega17]

Goes to show how much stuff people don't need

[@justdoingitjim7095]

I used to buy items at an auction to resell at the local flea market and on eBay. The auction bought their items in bulk from that warehouse in Dallas. Even with a couple of "middle men" the end consumer still saved over 50% off of the original retail price and the items were like new!

[@gheebuttersnaps2011]

You're better off buying pallets from a liquidator that sell at a set price, rather than auction. You'll probably get things a lot cheaper that way. My favorite is home Depot pallets because there's a lot of high price and high quality items.

[@rafaelcastro6743]

What auction ?

[@Lex02615]

As a part of a third world country, I wish we have access on these goods. Lots of poor people here would benefit from this industry.

[@lesterjones9335]

You all do. Amazon sends alot of stuff to poor countries. You just have to do your research.

[@elijad5498]

From what I can tell we are a country with lots of waste. Send the stuff to countries that need it.

[@ScreenProductions]

tertiary - the liquidator of the liquidator is a 322 billion market quaternary - the liquidator of the liquidator of the liquidator is a 161 billion dollar market junk never dies it just gets liquidated 😂

[@Athrunwong]

Not a big fan of second handed item, but I like the idea of recycling something that somebody don't want.

[@ej_tech]

I'm a fan of used stuff and recycling.

[@feedweeb8856]

It can just be an instant return. Have bought several instant return items. They are brand new. Just like some at a store tested or tried on the product.

[@hotpepper7782]

When you buy over the net you don't know where it came from and the mark up is to horrendous....

[@angelgjr1999]

@@hotpepper7782 Exactly. Many things that you buy online are used despite them claiming it’s new. It’s a big problem in the car repair industry.

[@wendyshoowaiching4161]

I am a fan. Lots of electrical goods new at 70% discount

[@paulbuckles7937]

In the Twin Cities, Dayton's Department Store had an annual Warehouse Sale back as far as the 1970's. It was them selling off all their returns and scratch and dent items - it was worth lining up for.

[@halohat2286]

I worked for a large government landfill related business/service. You would not believe what gets thrown into landfills. Worth a fortune and 100% usable items. Also... cardboard is worth a fortune, more than all but the "candy" metals.

[@inquisitor4635]

I have seen this first hand. It really is astounding and shameful when one considers what the second and third world lack.

[@IkeTurner2.0]

Bitcoin is inflatin on top of inflated money meaning the bubble will pop....Who has Gold??????

[@DudeCapone]

I’m sure returns would drop drastically if people spent 5 more minutes researching an item they “need” or slept on it; before buying.

[@cyborgrva4024]

You need to lower your expectation of people.. :) I sell on eBay and I can't count the amount of returns I get back simply because they didn't even bother reading the description.

[@juststitches]

Hi! Here at Liquidity Services, we found a way to capitalize on an unexploited market. No longer will scummy, dirty, low-class people work hard to buy used goods and re-sell them to you. We've stepped in and "regulated" the market so you don't have to wash your hands after shaking ours. By cornering this market, we can insure you get the best second hand items, from the brand names you trust, from business experts like us. No more back-alley trades from desperate resellers trying to "feed their families" or "make ends meet". Leave the business to the professionals and spend your money on us. Because we know what's best for you.

[@ReadyVal]

I bought a letter opening knife and it was ceased by the canada custom, they sent me a letter one month after they ceased it telling me if I want it I will need to send a letter that must be hand written to a specific office, detailing the reason for getting that knife, otherwise they will consider me forfeiting it. They don't tell me the address of the office and they don't give me any contact info and I can't find that office through google, very convenient. Hell yeah I can see how they make billions in this "business"

[@manp1039]

who did you buy the knife from?

[@candiceryan8856]

seized not ceased

[@whatsup5446]

Turn those empty dead malls into liquidation center or pickup center and people will come to clean out those inventories.

[@yaboy2288]

1:06 now it's low life buyers in suits! so its ok !

[@IkeTurner2.0]

Bitcoin anninflated money equals loquidation they both work against one another

[@MRdeLaat]

i deliver packages and i hate how people are so easy with returning stuff, even to the point of abusing that return system

[@ES11777]

As a consumer, I agree. I’m irritated whenever I have to return something and I always have a very good reason to do so.

[@wholylove]

When you attempt to treat Life like a game, you are played, misused, and are losing even when you are thoughtless to believe you are winning.

[@chrisguevara]

Companies had record profit... returns are not the reason for the amount of inflation we are seeing.

[@Maverickgouda]

The framing of that part was pretty messed up. He was talking about returns being losses, there was an increase in returns. They definitely aren’t THE reason we see inflation, but losses of can be factored into pricing

[@翁古-r6r]

❤️🌟 In recent years, disasters have occurred frequently and anomalies have appeared one after another,You must confess your sins and repent,I hope that those who have not yet trusted in Jesus and God can trust in Jesus and God as soon as possible,Confess your sins and repent as soon as possible.Before 2000, light came to the world,Jesus Christ came to the world.The Word became flesh and appeared before people's eyes.He was crucified for the sins of people.He was resurrected on the third day, and then He ascended to heaven and sat at the right hand of God. If you sincerely trust Jesus Christ and accept Him as the Savior of your life, you will receive the Holy Spirit.Then, you must obey the Holy Spirit, rely on the guidance of the Holy Spirit to act and behave, and be a person who pleases God. We are created by God. We must trust and obey the God who created us and Jesus Christ who God sent to this world. But the fruit of the Spirit is love, joy, peace, forbearance, kindness, goodness, faithfulness, gentleness and self-control. Against such things there is no law. -Galatians 5 : 22 - 23 Don’t delay, you should immediately trust Jesus Christ and God!

[@kingjames4886]

lol, why throw things away when you can sell them to people in "mystery boxes" and let them throw it away for you.

[@SergirothGames]

The issue in the UK and Spain with this model of business is that the real difference between new and refurbished is usually less than a 10%. Also, with those “bags of crap” or “treasure boxes” is that it is turning into “landfilling” houses, since people buy what nobody wants, which they are not gonna inherently need themselves (although, after spending the money, they might coerce themselves into finding it a place in their lives).

[@joekulik999]

I was an American bill collector for 30 years and every day I saw people going deeper into debt for things that didn't even exist a couple of years before but then Big Business invented it and conned the Public into believing that they now can't live without it. "There's a SUCKER born every minute." - social prophet, PT Barnum.

[@MastersOfRs]

"low life buyers" that's a pretty crappy comment. It's people willing to put in a bunch of time for hopes of a good return. Hard work to go gamble on what you might get and it's condition, go through everything to sort into if it's ready to resell or if it needs repairs, fixing it up if needed then selling it as something ready for an end user or selling it for parts.

[@imdeexpert5828]

MOST Of them are returned because of the way Amazon handles their products. It looks its thrown down from a 98 storey building then shipped to your house.

[@abelincoln3261]

As an American recently retired... that had my share of buying crap I didn;t need or buying things I didn't use.. The biggest problem with our society is the over abundance of crap.. we spend our money on.. In the end most of it is worthless.. takes up space and trust me you can live without 90% of it.. and live better without ! We die and someone ends up having to figure out what to do with all this crap all over again.. Trust me happiness is less.. Not more !

[@sniperpro1992]

I don’t know about anyone else, but anytime I’ve seen someone buy any of these pallets the screens are broke and completely untouched, so I don’t think they really do re do all the items

[@IkeTurner2.0]

Free product and no profit meanings free products and no money???

[@redrum4486]

big up the black guy in the warehouse taking pride and keeping the operation running!

[@Shaun-Vargas]

I used to buy everything from pallets like these, I have name brand kitchen appliances, I have furniture, I got a $260 blender once for $5.. I got an expensive espresso maker for $5, I got an Oven from Ninja for $10.. but now nothing is this cheap, now that bigger businesses have gotten into this they charge almost full price, taking off maybe 10% or 20% tops, the small businesses that make the great deals can no longer get these great pallets, many in my area have closed.. and for low or fixed income people especially elderly this was their way to get appliances they'd otherwise never be able to afford.. very sad

[@christianjon8064]

A repaired returned TV for 30% off doesn’t even sound like a good deal.

[@marcellachine5718]

Nope.

[@nicklespale22]

0:50 - 1:09 yeah well at least it wasn't monopolized on to be profited off of solely by greedy corporate executives

[@joes3534]

Be carful what you buy though. My parents bought a washer for 700 dollar brand whirlpool. One year later the motor gave up.

[@bsr8129]

Think what they said, they take some no value stuff and bundle it with good stuff. Remind any one of the housing bubble, passing off the crap stuff down the line till someone gets stuck with it n

[@KhaosAtom]

Good for business, good for the environment, and good for consumers. What's there to dislike?

[@deonvanvuuren2878]

Just be aware that you never receive your items...its got a tracking number and all...but it never reach you It says its been delivered,but you never see it Be very aware Its a scam

[@pierrex3226]

I try to buy as much stuff second hand as possible. Even if it's barely cheaper sometimes. Helps the planet, often really helps the seller make some cash, and is an exercise in frugality, somewhat.

[@judeirwin2222]

Be more frugal. Ask yourself if you truly NEED an item. If you have lived without until now, the answer is NO.

[@Donjuanchris]

Did the man just say "they were lowlife buyers because he had to wash his hands after"? ................... Their money wasn't lowlife and credit must be given to them for approaching you or this business opportunity may not have happened. The nerve of this guy

[@stevenmatosu9321]

he was referring to Mafia, Gangs, Drug dealers

[@davidblevins9513]

I’m glad the irs is making sure we pay taxes on the resell if these items

[@allmotorhash]

Gotta pay back them stimmys checks

[@davidblevins9513]

@@allmotorhash correct lol but there here for the middle and low class lol

[@mattno9834]

@@allmotorhash yup those damn stimmy check made inflation, the 19T giving to wall street was just "good business"....

[@allmotorhash]

@@mattno9834 it all flows to top doesn’t it?

[@nellienewyork]

All of a sudden with this...the mafia became legal!!

[@AtomicHound94]

i think humanity is at a point where companies can almost give away these items to people who actually need them

[@amansadu5034]

እንዴ የአሜሪካ ህዝብም ቦንዳ መፍታት ውስጡ ነው ለካ 😂😂😂

[@Katie-vy5rd]

I have been told by sales people at many stores while I may be trying to decide on a product... well just buy it today and think about it, if you don't like it you can bring it back. So I had no idea it was that costly to the retailer!

[@rafaeltorre1643]

Stores. You don’t have to ship it back. They don’t pay for your return like online retailers do.

[@ronfinkbonner14]

Im looking at $60.000 next year 😊😮❤

[@sheridanestatesalesII]

Interesting where the market is taking liquidations.

[@siriyakcr]

It's funny restrict and sell same things 🤣🤣🤣

[@thepeff]

The second hand market is only going to get more important. Do you need a 16k tv? Or a phone with one more camera? Or a car with more processing power? Consumer electronics have peaked

[@SabrinaDacosta]

Good point!! With all the container shipping shortages second hand items will be 💰 💵 💷

[@fortunateson2]

It's all vanity.

[@thepeff]

@@fortunateson2 no one asked Solomon

[@fortunateson2]

@@thepeff you did with your question filled whine!

[@thepeff]

@@fortunateson2 The guy saying it's all vanity is the guy accusing others of complaining? Solomon had everything except for a mirror apparently