Big businesses are always looking for resolutions to problems which will minimize their costs and maximize the happiness of their shopper. This means that they often have in place some policies which will seem odd to smaller business, but can actually be used to your advantage. One such policy is that of customer returned goods from Costco.

 

A retail giant that turns over stock at incredibly high rates, Costco also has an extremely lenient returns policy which allows consumers to return products to the store that have been used, damaged or are simply unwanted.

However, when the goods are returned to the store, they aren’t resold to Costco customers, but are instead transported in bulk by customer returns suppliers who have contracts with Costco to cheaply purchase these items.

The customer returns suppliers are usually wholesale merchants that will resell the items to their own customers. Usually, the Costco contract will state that they must remove all labeling which identifies the goods as coming from Costco, mainly due to a spate of scams whereby people would purchase Costco returns in bulk at knockdown prices and then re-return them to a Costco store for a full priced refund. Obviously, this practice was costing Costco a large amount of money and so they had to put steps into place to make sure that it wouldn’t happen.

Customer returned merchandise from Costco can consist of any amount of things. If you purchase a wholesale lot from a customer returns supplier you can expect to obtain a bit of everything. Of course, the customer returns suppliers and even the Costco store can’t guess which items are going to be returned and so the lots that they are sold in is normally a bit of a pot luck of products.

What you can expect to receive when you purchase customer returned good from Costco is a large variation including clothing, electrical items, toys, garden items and anything else from the non-perishable departments.

You might be pondering what you will be able to do with these items, and the truth is that you need to understand that not everything will be in A1 condition for you to simply turn around and resell. Many of the electrical goods will be faulty. But you will find that there are many people who are willing to purchase these at a discount. Electricians will often scour classified ads for faulty electrical goods that they can repair and sell on to their customers as refurbished items, or simply use the parts for other repairs.

Many other businesses do the same with other products, so if you are willing to take the time and go through the bulk lot that you have purchased, you can divide it up and advertise them to the relevant parties.

It’s a form of business that lots of people snub and will forgo for what they see as easier options, but when you are buying products at knockdown prices, you will soon see that it’s very easy for you to make a good profits for the little effort you put in.