I Had To Throw Away $72,000 Worth Of Merchandise In Trash

[@casienwhey]

When Pete adopted that cat it most certainly won the lottery.

[@jimhird]

Pete won the lottery as well!

[@leissam08]

If you still have them you can donate the wands to help save animals (Wands for Wildlife) not a joke

[@R.N.GPerformance]

This is true pete.

[@Entirelyxtooxtired]

Great idea

[@Entirelyxtooxtired]

@Lovely Lori their website says to help remove fly eggs and larva from the fur and feathers of wild animals

[@R.N.GPerformance]

Lovely Lori to clean the wild life.

[@michaelp6432]

Guys make this top comment so Pete can see this!

[@astral16]

2 years in a warehouse without consistent cooling and heating

[@pbc-i6w]

cosmetics have an expiration date. when they’re being liquidated to you most likely it was almost expired.

[@anthonynewman4039]

Should could have turned the boxes over regularly during storage,the pigments settled.You know in the north pole where scientists/researchers have food deliveries every 6 months they have to turn the egg boxes over so the yolks don't settle.Another option is to agitate the product on a paint shaking machine I'm sure this could be adapted to the cosmetics.Yes cosmetics have an expiry date but some are still good for use after this.

[@shadowx2447]

Guess he didn’t look for the expire date...smh!

[@davicool9958]

You gotta be willing to take the good with the bad

[@phxees]

@@davicool9958 he 10x his money. There was no bad. Lesson should've been sell the boxes for $150 or less.

[@Digital_Potion]

Cosmetic 411: With double-ended mascara, the “white” side (sometimes clear) is lash primer. It’s applied first to add bulk for the second coat of (black) mascara.

[@maxsands3861]

Be thankful that everyone hasn't asked for a refund.

[@robbylake3784]

Right..

[@Pauldjreadman]

Max Sands Ge He mentioned he started getting that with the four packs.

[@mr_Pravda-s1i]

And dumping ebay market, with a bad product..

[@captainscentsible1811]

I bought a higher deodorant last month it was old.rancid , melted and it wouldn't work.go up or down "_(

[@danhemming6624]

Wonder what the reviews on the products were?

[@netticharles1938]

Make-up is like food. It all has an expiration date. The pigment actually deteriorates then flakes or dries up. Mascara only lasts about 3-6 months. Thank you so much for sharing this type of content. It helps so much.

[@DVDKEV]

It hurts but 2 positives. 1) You made a healthy profit. 2) If you had bought just 10 boxes and 6 others each bought 10 boxes you would have had stiff competition on eBay, probably selling 10 boxes for just 50 dollars each. By buying all 70 boxes you removed the competition, leaving yourself a clear path to profit. Hopefully you didn’t have to pay for the trash to be removed :). These are the things we need to focus on. Been there and done it smaller scale myself. Loving your videos, you come across as such a genuine, down to earth and decent person. Such an interesting business to be involved in and it’s great to see how much you enjoy your job and how well you all seem to get along. If I could start over I would just love to work with you. Keep the videos coming!

[@hagbard72]

They don't last forever.

[@hanaj]

Yeah. You had them for 2 years and they were probably old when you got them. I would have dropped the price by a lot towards the end.

[@doreencrespo7133]

Hana J I agree. Should of sold the singles a lot cheaper at the beginning.

[@KameraShy]

@@doreencrespo7133 $1 ea. + shipping and the profit would have been $298/box. Got greedy.

[@markterzi857]

@@KameraShy Assuming he has a store discount, free listing, and a 10% fee discount, at $1 each + 3.75 shipping he's making $0.14 per sale.

[@dreamfarmer9558]

For real!! He could have sold soooo many more! But those would have still dried up quickly on customers causing way more people to get screwed

[@jq7323]

@@markterzi857 and he owns a store so his time is valuable (could be spent doing something else for the store). So if he adds in paying himself, the .14 is goes negative.

[@mark1nyc]

once u get your money back on those u need to get rid of them REALLY fast. There's a reason why they get pulled off store shelves. Come on Pete u should know better...lol

[@justinl9077]

Thanks for being honorable as a seller. There are so many dirt bags on ebay with no ethics. I bought a NIB CO detector off ebay last year for a BIN of $35 I think it was. I know I should've researched the brand before buying it, but I messed up. A quick Google search showed that that particular model had been recalled by its maker because it didn't work right and sometimes didn't detect carbon monoxide. I wrote the seller a message explaining this. I even offered him $15 if he'd cancel the sale which he gladly accepted, and yep you guessed it. He instantly slapped it back on ebay for sale. I wrote him saying "an unsuspecting person may buy this for their family and they could literally die if it doesn't work." He didn't respond and left the item up for sale. Too many a-holes with no morals in this world.

[@keithwisdom1663]

you ain't in business if you don't have any losses... at least with got honey- that cat is has so much personality

[@mattk468]

There still wasn’t a loss?

[@Treasures776]

Should have lowered the price and would have sold a lot more

[@rudistorm3348]

Profit wise He probably would have ended up the same. Selling stuff cheap does not work. A lot of people wont but because they wonder why is it so cheap.

[@PotatoInABeanie]

@@rudistorm3348 he spent 5 dollars a box. If he would’ve sold them 1 dollar a pop towards the end of their life span he could’ve made like 70 a box and if he sold all 60 remaining boxes that would’ve been at least an extra 4200 at minimum

[@MarshallLoveday]

You can't look at it as 'losing' $72k. Just look at it as a $300 write-off. You bought WAY too many. For something with a limited shelf life, I would have discounted the price heavily at 'retail', and maybe flooded all your advertising venues - Craig's List, FB Marketplace, and E-Bay. I also would have maybe put out out a 'Sandwich board' out front of the store as additional advertising. (Hey - no shipping!)

[@nancymagee9065]

Please donate the wands for Wands for Wildlife it only takes a second to pull them out and throw the tops away !

[@robbylake3784]

Don't get me wrong it good to donate, but do they have time to do 22,423 of them? or 60 boxes? I don't think they do..

[@nancymagee9065]

Robby Lake well you won’t know unless you ask and contact them ! Their in North Carolina.

[@robbylake3784]

@@nancymagee9065 I guess that true..

[@joycescott6066]

Most local rehabbers will grab them up 👍

[@nancymagee9065]

Joyce Scott Pete read it he gave me a thumbs up - I have contacted Wands for Wildlife let’s see if they contact him !

[@lisac.7673]

I do not believe people are actually suggesting reviving these with hot water or eye drops. What would the labor cost be to do that? The holes on those tubes are pretty small. Plus, you are potentially contaminating a product you use on your eyes, which could lead a customer to having an eye infection, or much worse. I seriously hope the people suggesting this do not actually resell cosmetics to people. Also, for those stating this is a 72,000 loss....you can not claim a loss on a potential profit. You can deduct the cost of the spoiled inventory as an expense.

[@lestranged]

I agree. Those tricks people are listing are for people to do at home on products they already own, so they assume the liability for tampering with it. Pete should not do this for things he is selling.

[@CardShopReality]

Thank you Pete for showing this. THUMBS UP for the transparency! We love the channel down here at The Card Shop in Bastrop, Louisiana!

[@bmoreben3340]

But you didn't lose $72,000 you actually made money on the whole deal 2 years later they dry it up it happens

[@DrTune]

Clickbait titles 101 ;-)

[@lorieeee5125]

Makeup does go bad. Especially mascara 6 months. Sorry for your loss! Don't buy bulk makeup cause bacteria sets in. Love your cat, so pretty!

[@ualemp902]

Makeup Lover, here~ There is really no way to revive that mascara. I've tried those tricks you see online..putting the mascara tubes in hot water, adding eye drops..etc. The mascara is never the same. Those dual ended tubes dry out much quicker, because there is just a small amount of product on each side. If they were carded instead of loose they may have dried out as fast. Sorry Pete!

[@colesway5771]

I really enjoy your videos...I learn something new every time...and your compassion is much needed in this world...bless you and yours 🙌🏽 sir

[@steveherrera3233]

I Respect your Honesty Peter ,outstanding Job that you do in this business to show people how it really is

[@hifiguy77]

@@jaimhaas5170 ......and???

[@toycarcollector]

70 boxes at $99 a box was $7,000 fast and easy. But like you I love complaining about doing well instead of complaining about doing badly. My complaint this year? Too many customers and little free time. Oh woes is me!

[@nowacurmudgeon]

Always close the blade on a box opener. I was worried for Honey on the bench.

[@ChadRaush]

🙄🙄🙄

[@josiasajvix9129]

😂😂😂😂😂😂😂

[@chubbrock659]

@donald...Let me guess, you also have 7 immunity diseases and fibromyalgia and get anxiety attacks when it rains.

[@nowacurmudgeon]

Chubb Rock Nope. I just respect sharp edges and stuff happens.

[@chubbrock659]

@@nowacurmudgeon have you ever seen the movie- lemony snicket's series of unfortunate events? the one with Jim Carey? you sound like the aunt that lives in lachrymose lake lol

[@MichaelHasebroock]

Pete thanks for your honesty and appreciate you being real with all of us. Always a helpful video. Love the new music.

[@anthonynewman4039]

People might have a go at him for being greedy but atleast he's admitting he made a mistake warning people of the pitfalls.

[@jasonggabbott]

They can actually be dangerous to use if they're too old.

[@hillarys.k8518]

Question? Pete could you have sold them for a lower price and moved more before they dried out?

[@hifiguy77]

yes, with what he had in them he should have been dropping the price each month until they were gone. He still made money even with throwing 60 boxes away, but he could have (and should have) made far more on that deal.

[@Miguel-qe4ld]

Greedy

[@TheRmm1976]

Welp, you still made almost 10x what you paid for them...

[@imjody]

Thanks for sharing this with us, Pete. I'm sorry to hear about the product going bad. I wouldn't know how it is to resell something that has an expiry date. Glad you grew your initial investment by an order of magnitude, though! Cheers.

[@inasmith3538]

Life isn't "always a bed of roses". You always have to "suck it up buttercup" and "accept the bad with the good". We "learn through our mistakes", but it's a "hard thing to handle". Thanks for the lesson, altho costly to you. Love your Channel!

[@FoundThingsandFamilyLegacies]

I have owned my independent business for 20 years with a leading skincare & cosmetics line. The lessons are real! Now, it’s a rarity to have loss, but it was on the lessons of those first 2 years!

[@canman8362]

I liked your old videos.its more a reality shop show,but hey whatever works for you thanks for all the good reselling and sold videos,onward!!!

[@jbb8382]

Thanks for sharing. U are very honest! Unlike some of these people " paid $5 listed for $75" but they never say what they sold it for OR if it even sells

[@jayweee4283]

It’s awesome how honest you are and how you’ll show this kind of stuff as well everyone always talks about how much money they make in this and that but I’m glad you made money out of it but it’s also good to see the other side as well because I think a lot of people buy large amounts of things thinking they’re gonna make a lot of money and then something breaks or something goes wrong and they lose out on everything. I’m glad you were able to make money though that’s a plus. I’m a very small seller but I’ve purchased stuff before that my dog has gotten a hold of and destroyed and I’ve lost $100

[@victotyorvalhalla]

Thank you for sharing! Sorry that happened, but like you said: it is what it is.

[@HistoricHeroine]

Honey is a Ragdoll! I have a raggie too. I call her my little blessing because she's so good. :)

[@DesertDweller74]

Hard to deal with things that go on or in the body, for sure. They all have expiration dates. Face creams, lotions, make up, vitamins, etc. They have to be sold off fast, and not expired when you sell them. Lesson learned, for sure in this case. At least you made a profit on them before the dried out or it could have been worse. For the people commenting in regards to "adding water" or tampering with them in any way, DON'T DO IT! Tampering with a product like that is highly illegal, and could cause considerable damage to someone who uses it. Good video, Pete. Keep on sellin'!

[@justjana]

Thank you for always keeping it real!! A++

[@user-gi6ee8vj1y]

Here's my guess... the white end of the mascara brush is probably used to coat and thicken the lashes. The black end is for color.

[@lestranged]

Yes it is like a primer

[@guruoo]

You might try airtight storage of products that commonly dry up over time. I've done this for years with things like sealers, gaskets, tape, adhesives, paint, rubber products, and generally any product containing petroleum, and/or other volatile substance that can often quickly evaporate/deteriorate. I've found that doing this can literally add years of useful life. For storage of large quantities, you could use regular garbage bags, twist the open ends tight, then fuse the end shut with a heat gun.

[@BeastSlayer14]

Time to go dumpster diving in Pete's dumpster. Haha

[@dondoyle8474]

You still have Honey with unlimited love and that’s worth a million 👍👍

[@sheismonalisa3146]

Mascara doesn't last that long, drying out is to be expected. Also, a substantial loss like that should be covered by your business insurance if they are within a expiration date. Good luck.

[@rudistorm3348]

He made money overall so no insurance does not cover.

[@sheismonalisa3146]

@@rudistorm3348 Yes he did. His thumbnail was very misleading. I don't like it when people do that. He did great considering the product and amount of time that he had those. His entire video was whining and overkill for me.He purchased to much product and that's how it goes. Better purchases for his future I hope.

[@godbluffvdgg]

Some lessons must be learned the hard way...Tough beat...Don't get mad, get even...Pay less, for some pawns, charge more for some sales...But; tracking you for sometime now; You're still WAY ahead...Good luck!

[@TRDOffRoad2020]

I found more enjoyment watching Honey and you playing with her than hearing about the potential 72k loss lol.

[@anthonynewman4039]

Pete needs to do a trump,trump aims to fail then claims it back as a loss stealing hardworking,tax paying voters revenue shamelessly.

[@davep5647]

Thanks for the lesson about cosmetics drying out.

[@tcstrinketstreasures5425]

proper storage would have kept them live for many years. We have this problem with nylon crimp terminals where the nylon dries out and can't be crimped. We reconstitute them by sealing them inside a plastic bag with water . Takes about 3 months and they soak up the moisture again... I'd give it a try but you likely have tossed them by now.

[@JosieRosalesChitownHustlers]

its a good write off for you. in either case you come out ahead. yeah makeup dries up so have to flip fast cannot let sit around.

[@troymattingly3071]

It's good that you sold some before they dried out. This still has to be quite frustrating. Thank you for the video, Peter.

[@markkelly3760]

Try a couple drops of mineral oil per bottle. Tedious but well worth it...

[@chriss.2279]

And that's why I never got into 2nd hand makeup LOL. But you will probably write it off for a huge profit based on retail? That's what the title $72,000 is. What was your cost? 0 cause you already turned a profit on it. Quit Whining Already LOL

[@rudistorm3348]

He 10x'd his money. Why not get into makeup?

[@swaterman08]

This must be a problem women deal with? KZbin video- How To Fix Dry Mascara Instantly // Three ways to fix dried mascaras

[@tinmaddog7]

It is, mascara and liquid eyeliner, constant 50/50 ratio of dried out

[@fairywrenwhispers]

Oh my Sweet Soul - you are blessed that you didn't actually pay $72,000 for all that mascara! (thank goodness) and at the end of the day you have sweet Honey who can make all your cares go away - blessings xx (Life is magical - Rainbows & Unicorns) x

[@alvaroescobar1511]

Reading people bash Pete really dissapoints me. This is one of the most transparent resellers i have seen and him showing his loss is a win for me. THANKS PETE EVERYTHING YOU HAVE DONE HAS HELPED ME WITH MY NEW RESELLING BUSINESS!

[@lidiajortiz2010]

Women warm up mascara tubes all the time when they dry up. :)

[@archangel6415]

What a tragic loss of income. Any of the liquids containing a setting agent or a chemical that is designed to react when opened will, over time, expire. All the Paints, tipex act and even the ‘eye runner’ your precious mascara. Little comfort as you throw out this precious erstwhile merchandise. The supplier was cutting his losses, knowing the shelf life was about up. You can revive these product with adding the same chemical, but all those little sticks! Nah. I hope you’ll not take it too hard my friend, just keep going for I’m sure your in for many gains to outweigh the losses. Your many fans are rooting for you, even here in Glasgow U.K.

[@clintbonita]

Always giving great advice! Great meeting you and the gang today Pete! It was a blast!!!

[@JaspuneetS]

Wow you’ve got a really huge warehouse in the back full of kool looking stuff.Really awesome videos👍👌

[@TheBigjrbbbr]

Shelf life just ran out before you could sell them. Maybe you just bought way to many.

[@midwestdartfrogs]

Thanks for sharing Pete. It's definitely not always rainbows and unicorns.

[@famousamoso7]

So the lesson here with cosmetics is to sell them for less off the bat to move them quicker even though you may lose out on potential profits you'll make on in the long run for not having to throw away inventory.

[@codygooch510]

If selling makeup was that easy, there’d be a pink Mary Kay Cadillac Escalade in every driveway LMAO

[@rhino-6168]

60*$5= $300. You lost $300.... but made way more, so actually didnt loose a dime!

[@bigfootstreehouse9783]

Should of went with $99 a box from day one and moved them before they went bad

[@listerkins]

Greedy people don't think like that......

[@anthonynewman4039]

I should have put the winning numbers on the lottery, damn.

[@KameraShy]

Something here doesn't smell right. $5 a box containing 323 pieces? Must have been very, very, very old already. Didn't mention if any expiration date was printed on the boxes or product. Estimates of unopened shelf life range from 6 months to 3 years. If the deal sounds too good to be true ... .And it's now TWO YEARS later. The stuff going out his door was way skunky by then. Seller Reputation Matters. I would have left negative feedback.

[@hifiguy77]

Did you actually watch the video? Pete addressed everything you just commented on.... they sold 8 boxes (roughly 2600 units) with no issues, and pulled the product as soon as product complaints came up. Those with issues where refunded.

[@shawnjackson5623]

Great video! When your looking for items to flip, choose wisely..

[@sommid]

Honey does remind us to the upcoming Christmas holidays with her jinglebel when she is running by....

[@stugotz986]

Gotta love all of the comments bashing Pete and the Money he potentially lost. It’s always easy to bitch and tell People “not to worry” about the Money “THEY LOST.” Until it’s YOUR MONEY on the line, shut up!! Keep up the great work Pete!!

[@robstephens]

Whatever the carrier liquid is listed on the label, try adding a few drops to rejuvenate it, and then test it over a week to determine if it will be okay. You might can sell if after all.

[@garyhenry2546]

You got greedy.You should have sold them $2 each and made a killing

[@computiacusa]

Greed always comes back to bite you.

[@BUGSYGz]

U made okay money, I see you change the music I was waiting on it you got me..🤣🤣

[@JR-ze1fv]

You made a huge profit still. Don't act like you're that upset. It would be different if they were no good right after you bought them. THAT would be getting burned.

[@bumtracksNew]

Should write the manufacturer and ask how to rejuvinate. Probably easier than a drop of olive oil.

[@russelmctavish5039]

Product tampering? Iam calling Homeland Security right now.

[@retrotech11]

Hey, you could try reviving the mascara by putting them in hot water or if that doesn't work then a couple of drops of eye drops solution into the tube then put wand back in, shake it and then try to see if the mascara is ok to use again. Worth a try?

[@kasandrabrown8611]

Isn't there a Best Use by Date on cosmetics? I always am concerned especially regarding mascara that is sold by resellers that someone may get sued if the mascaras damages someone's eyes.

[@lisasspott6884]

you could of used eyedrops or aloe gel or contact lens solution to reliquify them.

[@tristramhurd7034]

Sure. $50,000 worth of eyedrops or aloe gel to revive $12,000 worth of mascara - good call, you're a real thinker.

[@kevincrawford5789]

i love the fact you love your puddy cat,i love cats

[@Marvinfj32]

Take the bell off Honey, how would it be to have that thing yelling at you with every move.

[@fringestream990]

Well maybe if not the bell then the car wouldn’t of been adopted to begin with? Imagine it being put a sleep because nobody could take it?

[@natalie_xyzanne585]

Probably has it onsneak up on people and get stepped on. And his store is by a busy road probably best to have it one her. Harder to hear the tiny bells. She's precious I wouldn't want anything to happen to her if she was my cat.

[@lestranged]

Were they dried up when you first bought them 2 years ago, or they dried up because you stored them too long?

[@lestranged]

@lizzy rosario They are for sure expired. Even if they were brand new when he got them. Because mascara has a very short lifespan and we know they are at least 2 years old.

[@hifiguy77]

@lizzy rosario He clearly posted the date code on his eBay listings. Maybelline, like many cosmetic companies, do not give an actual expiration date because many factors can affect its actual lifespan. Unfortunately, cometic companies make it very difficult to know what the date codes actually mean.

[@bocabral1433]

Yeah Pete it is what it is.. That's why when we make these type of purchases you always have to allow for that. The good thing is you did make money. I know it's the point of it throw but you did the right thing throw by throwing them out and cut your losses and move on. I've got a bad habit of repeating this myself over and over and when we end up with bad product we have to eat it but the customer has the option to send it back . I don't quite roll as big as you as a one-man operation. But when this happens to me I relist a whole box or the whole lot on an auction for 99 cent explaining that only one of 10 is the average of being good give and take as is. And whatever I get out of it helps me feel better it sickens me the throw that much product away.

[@beyond2600]

Pete, you make the hustle look easy. Keep doing you.

[@damako7072]

Worst saying ever!!!

[@silverian]

Thanks for sharing this experience!

[@sandradunn7547]

Just like watching for dates on products. We had an item which didn't have a date on the packaging yet a buyer discovered a date on the product itself (package was sealed). We open suspected products now to verify dates and all.

[@rosariopresti9792]

Good information. Thanks sir. Rosario

[@normanbuffett4642]

Sunshine lollipops rainbows and everything that's wonderful.

[@norxcontacts]

I think you could've wholesaled those on Facebook marketplace. Mascara can be revived.

[@WigWagWorkshop]

Damn, even though they are dried out, would love to use the brushes for my model building projects.

[@LexPips]

I would have stipulated the tubes were drying up but out of a whole box it’s likely a few (more/less) were still ok, in other words buyer beware. Then sold each box for $50. Believe you’d have sold a lot of what remained that way.

[@-REMOwilliams]

$100 a case with $5 cost each that would have been an incredible profit. $100 x 70 = $7k - Thanks for sharing. Love your videos

[@steveg5576]

Pete....We know you were taking the good ones out for Fri and Sat night...!

[@NoMoneyG]

Well that just SUCKS Pete! Sorry to see that. I know it's a Gut Punch with stuff like that. Keep up the Great Work!

[@horizonfan]

Is that why you name yourself NoMoneyG

[@NoMoneyG]

@@horizonfan has absolutely nothing to do with it, but good guess!

[@kenstapleton6672]

I know that you are not a CPA but one practical question... What, if any, is the tax consequence of this unfortunate situation? Will you somehow write it off as a lose for the company? Based on product cost or lost revenue? Thx

[@Toyotas_n__Tools]

They should of had a satisfaction guarantee send them back for warranty LOL

[@ThisIsTheRealMe2]

Yea Pete, we had to do the same thing a few months ago. 6 pallets of one sku to the scrap yard. Got about $90 for 1200 brand new units, over 80 grand retail but they're obsolete now SMH

[@sharonhernandez2039]

Even Honey thinks they are useless as cat toys too. At least she was there to cheer you up. Maybe you can donate the mascara to a woman's shelter and they can repurpose them for use.

[@AngiHarrover]

Ya 2 years is old for Mascara. I usually add a bit of lotion into it when it drys a bit

[@anthonynewman4039]

Should sell them to subscribers as merchandise with the description unusable.

[@memorialled_zeppelin-warew1346]

Mascara DOSENT have a long shelf life. And like most things it has a used by date. .using out of cosmetics on your skin Peter can be very bad.

[@spillthwinesfinds1244]

That cat is so sweet! Honey. Awe.

[@MediCali951]

That’s why I don’t buy product that expires. I won’t even flip printer ink