Buying Wholesale...Crunch these numbers

What went wrong? I just spent $3,500 on a closeout load of 35 pallets of major brand electronics,small appliances, and housewares. I never even got the chance to have the sale! I started going through the load and found a percentage of the stuff broken! Unrepairable, Unreturnable...UNBELIEVABLE! The last email I sent dealt with Drop Shipping basics. I know you may be interested strictly in the Wholesale business. Since both really do go hand in hand, this information is a necessity when buying wholesale or closeouts! I found this out the hard way! I had to buy a load consisting of some pure wholesale JUNK before I called my seller a cried alligator tears! He quickly explained what happened and then faxed me over a sheet of numbers! Boy, I wish I would have gotten this sheet first! It would have saved me a box of tissues and a bottle of Tums! Here's what it stated... Salvage Buyers Agreement WHAT WE DO...The merchandise we sell is mostly store returns salvage. There are no real fixed percentages of working or non-working merchandise as people tend to return items for various reasons...not all of which are because of damage or defects. To play it safe, consider your loads this way: Approximately 30%(this percentage will vary) of all returns loads will be out and out "Throw Away". (This % doesn't necessarily apply to individual pallets- it is meant for a full load.) This means they are damaged beyond reasonable repair or it would not be "cost effective" to repair them. This is not a problem in that you are paying such a small percentage of the original wholesale value. You can easily afford to throw away this percentage. The balance is considered Salvageable Goods. This means it can be in various conditions including new, used, working, defect in workmanship, missing a part, damaged packaging or not working but worth repairing. No two loads are alike and nobody offers any guarantees. Some loads are absolute homeruns while others are out and out stinkers. ALL LOADS ARE SOLD "AS IS"- NO GUARANTEES. At this level(the source), there is no way to tell the good from the bad as the only info we have to go on is a pallet count, a piece count and a wholesale value. Some loads are manifested but we have to get these manifests up front...they go with the load. Now there is a happy ending to this story! After knowing this, I went through and pulled my duds. After sorting, I still had a very nice load that I went on to sell in one of my "Warehouse Sales". I made a nice little profit too! The moral of this story is...Keep the above percentages in mind when buying wholesale and always be aware that you may encounter a dud load from time to time. The most important way to come out on top is to find a company that you can trust! Don't be afraid to ask questions before you buy! These people work fast but let them know up front, that you don't plan to donate money to them just because you like them!