Evaluating Rhinomart
In October, I purchased two pallets of consumer returns from an online wholesale retailer called Rhinomart.com. As someone who has previously purchased and sold store returns, I was well aware that it was likely than only around half of the products included in the load would be salvageable for resell. Of course, acquiring wholesale products like this is fine because the acquire price reflects the products like housewares contained in the load. I had previously learned that Rhinomart was a wholesale retailer that deals with liquidation products from department stores such as Costco and I was happy that the products I would be receiving would be of this quality. As I had never previously obtained wholesale from Rhinomart, I decided that I would call them to confirm that this was the case. I spoke to a friendly staff member who confirmed that this was the case, although they could not guarantee the contents of the pallet.
I understand that acquiring these types of items can be a risky thing to do but I was confident after talking to Rhinomart.com that this was a clever buy to make. I must say that when the delivery was made I was very impressed with the way the manifest was colleted detailing all the products that had rived. As is this case in this sort of purchasing, I went through the items and sorted out those which were saleable, recoverable and those which were junk. I would estimate that around fifty percent of the items were saleable as near new or second hand and an additional twenty percent were recoverable for parts or scrap. The rest was simply useless.
In all, I have managed to so far recoup the money that I spent on these pallet loads of wholesale returns from Rhinomart.com. I was extremely happy that this is the case because I still have a number of products that I must advertise at flea markets and yard sales. I expect that in all I will make around a 30 percent revenue on my investment.
Here are the things that I liked most about doing business with Rhinomart.com. Firstly, I realized that when I was acquiring my items the website was well detailed and showed me specifically what I was going to be buying. This was perfect as you cannot inspect these items prior to purchase. Secondly, the delivery time was wonderful. Really I waited less than a week from the time of my order to receive my package. I also liked the fact that my pallet came with a full manifest. I was able to check that all the merchandise including health and beauty were there and it made my sales process much easier. This is a superior service to what I have received from other liquidation outlets.
In all, I was very happy with my whole experience from Rhinomart.com – I am hoping that in future I will obtain pallets with more items like licensed pro sports that I can sell near retail, but this is the luck of the draw, so as long as I am making capital I am happy.
















