As a mother working from home, I am constantly looking for new ways to make money other than blogging. Not being able to really leave the house is somewhat limiting, so I look for things that I can do in my pajamas. I have experience with blogging and sending traffic to referral or affiliate links to get commissions, but I wanted to try something new. In speaking with a few friends, I heard about a company called IDX Liquidations who is located just a few miles from me. IDX is a wholesale liquidation company that buys and resells liquidated goods from major retailers like Bed Bath and Beyond, Walmart, Target, and more. After doing a little bit of research, I learned that if I spent $12,000 on a truckload of inventory, I could store it in my garage and sell it on Amazon or Ebay without ever leaving my home. After discussing it with my husband, I bought a Walmart liquidation truckload through their website www.buywholesalepallets.com and had it delivered to my house 3 days later. It was insane because the truckload had 26 pallets of inventory! I don’t think you realize how much product that is…I know I certainly didn’t. I way overestimated the amount of space we had. I had to pay for liftgate service since I delivered the return merchandise to my home; residential addresses are an additional charge with any shipping company. It took me 2 hours to unload all the goods and then another hour to pack them all into the garage in a somewhat organized fashion.
Over the next month, I sold for more than $16,000 on eBay alone. All I did everyday was list stuff. I wanted to focus on both platforms, but I just didn’t have time. That means that in one month, I paid for an entire truckload of inventory through eBay sales, had $1,500 left over after shipping and fees, and still had 75% of the inventory left. It’s crazy. I can’t keep doing it alone though. 30 days was plenty for me to realize that I need a partner or at least some workers. So, right now, I’m planning to hire some of my son’s friends and my son and pay them in cash to help me sort and list products. You have to be willing to do whatever it takes to get to the goal you want to achieve. My husband was surprisingly supportive of this idea, probably because he sees the potential for big money. Any of you have experience selling online? If you do, I’d love to hear about your experience.