A dog in a caterpillar hoodie (Amazon / Rubin’s)Every box is a core sample drilled through the digital crust of platform capitalism. On Amazon ’s website, sophisticated sorting algorithms relentlessly rank and organize these products before they go out into the world, but once the goods return to the warehouse, they shake free of the database and become random objects thrown together into a box by fate.
If it sounds crazy to sell products at massive discounts, consider that goods sitting in a warehouse are a cost. If Amazon and other retailers let another company pay them something, they avoid those costs and add some revenue.
Doing the rough math, we’re talking about inventory that once had a collective value reaching into the billions, before it landed in some box on a doorstep. My colleague Alana Sequels demonstrated in her story on the proselytizers selling get -rich-quick classes about retailing products on Amazon that the lure of the high-margin, online business is nearly irresistible.
It’s become a micro-genre on the video service, where different personalities unbox dozens of things and Pooh and AHH at how much money they are worth relative to what they paid for the box of stuff. A level-headed Flint, Michigan, liquidation reseller named Walter Blake Knob lock offered a more realistic assessment in a live video he posted last year.
After other rules about electronics (“boom or bust”), shipping (“Understand freight cost”), and sales strategy (“Speed through your inventory; don’t squeeze it for every dollar”), he gave his final lesson: “Don’t invest money that you absolutely need. Staring into his camera from his warehouse in Michigan, the young entrepreneur implored his viewers to consider the bad things that could happen, not merely the potential profits.
“But just like everything else in social media, always take people’s benefits and their profits with a grain of salt.” The people who seem to have decent success have to work hard and stay disciplined with their purchases and sales.
Which is, more or less, the opposite of getting rich quick, or as Knob lock put it in the title of one video, “There Is No Such Thing as Passive Income.” In fact, most customers will have at least one free return option included on millions of items purchased on Amazon in the U.S.
After getting a QR code from the Amazon Return Center, items can simply be handed to an associate without a box or label, and they will pack and ship it for free. Customers can easily return eligible products at Amazon Books, Amazon 4-star, across the U.S. Customers simply need to walk in to our convenient and secure locations staffed with helpful associates, show the QR code, hand over their package in the original manufacturer’s packaging, and walk out.
Customers can buy with confidence knowing Amazon has great selection, fast shipping, low prices, and easy, hassle-free returns. Amazon customers are generally happy with the online retailer’s return policy: it’s incredibly lenient.
Only when it comes to online retailers, sales are growing exponentially every year so you can imagine the number of returns. In many cases, online retailers will not put the items that are returned by customers back on virtual shelves.
For resellers, this means big business in purchasing these items that Amazon chooses to liquidate. You will need to register for Amazon Liquidation Auctions in order to start bidding on bulk lots of a wide variety of products including apparel, home & garden, recreation, and toys & baby items.
When bidding on an Amazon liquidation auction lot, be sure to factor in details like shipping costs as well as what you’ll need to sell an item for in order to make a profit. Many large retailers, including Lowe’s, Home Depot, Walmart, and Best Buy all sell overstock and returned items via online auction sites.
B-Stock is the world’s largest online marketplace for returned, excess and other liquidation merchandise. Led by eBay veterans, B-Stock completes over 150,000 transactions per year, selling 70 million items annually.
The B-Stock platform gives buyers a simple and direct way to buy valuable products, and offers sellers a trusted replacement for traditional liquidation and a critical boost in operational efficiency. There’s been a lot of confusion recently on how the return policy at Amazon actually works.
If items are fulfilled by Amazon, you typically won’t have to pay return shipping charges. Your chances of success rise greatly if you’re a Prime member and order quite a bit every month.
I was going to be charged return shipping until I started a live chat and then the operator gave it to me for free. Amazon actually has a team that researches your returns and comes up with the specific dollar amount for policy “abusers”.
If you cross this limit, Amazon will mark your account as “concession abuse”. In other words, if you typically only contact Amazon for a refund or discount, and abuse their policy frequently, you’ll fall into this category.
Once your account is marked “Concession Abuse”, no returns will be accepted on any orders made by you in the future. Start by visiting the Gift Return Page and enter your order number which is the 17-digit code found on the packing slip.
Next, follow the online prompts and you’ll get a free shipping label which you can print and attach to the box. If you DON’T know the order number you can either ask the gift giver or contact Amazon customer service at 1-(888) 280-4331.
When calling, make sure you have the” gift giver’s email address, phone number and the package tracking ID ready (if you have it).” As long as your issue or problem with the product is genuine, there is NO limit on the number of returns you can make.
You can return consumer electronics and computers to Amazon within 30 days of purchase. Be aware that you may get hit with a restocking fee if the item is damaged due to misuse, missing parts, or unauthorized tampering.
But it goes without saying that they track your return history and absolutely reserve the right to take action if they feel you’re abusing their policy. Also, if you accidentally buy a digital song or album with Alexa you can request a return and refund within 7 days of date of purchase.
Typically, any purchases you make between November 1st and December 31st have an extended “Holiday” return period. Personally, I’ve had it happen when I was sent something I didn’t order, but it can also take place if they send you too many of an item, or for any random reason…they’ll tell you to keep it or donate it to charity.
“So if you use something for seven days, it has fewer chances of having more wear than if you use it for 30,” Diego Medina, director of Direct Liquidation Sales, told Yahoo Finance. (Screenshot/Liquidation.com)Platforms like Direct Liquidation do the math and decide what products should be put in the same package and how much they cost.
“What determines that is the data that we have collected over the years, whether we’re going to profit more or not,” Medina said, adding that it depends on how fast they want to get rid of the inventory, they can set a bid process or fixed price. I ended up getting the pallet which claimed to be worth $1,516 by placing a winning bid of $170, which I believe is still a bargain.
Maybe someone bought it during the bitcoin craze last year and returned it when it lost nearly two-thirds of its value from its peak since this April. Learning from Alec’s mistake with the tiller sale, I made sure all my listings on eBay required buyers to cover the shipping cost.
Tesla's Model 3 was the most sold EV in China last year, but BYD's Han made the list less than six months after launching. Banking giant JPMorgan investigates that question, seeking to find out just how much room the bulls have left to run in the current market conditions. Looking back to the collapse of Lehman Brothers, and the financial crisis of 2008, the bank’s global markets' strategist Nikolas Panigirtzoglou notes that, among stocks, bonds, and cash, the average equity holding has been 42.3%.
(To watch Azimuth’s track record, click here)Wall Street is quite positive on this 'Moderate Buy' stock: WISH has received 8 'buy' and 4 'hold' ratings in the last three months. Running the numbers across the Street, the 12-month average price target lands at $26, representing about 24% upside potential.
Monotonic disorders are caused by a mutation or defect in a single gene; the adeno-associated virus system is tailored to deliver a corrected gene directly into affected cells. The company currently has three main drug candidates under development: PBGM01, a treatment for GM1 gangliosides; PBFT02, to treat frontotemporal dementia; and PBKR03 as a treatment for Crabbe disease. The upbeat outlook for Passage’s research program underlies the Jim stance on the stock.
5-star analyst Annam Rama has upgraded his firm’s rating from Neutral to Overweight and set a price target of $35, indicating a potential ~34% upside on the one-year horizon. (To watch Rama’s track record, click here)Backing his upgrade, Rama notes the FDA clearance on PBGM01 and writes, “ expect focus to return to the upcoming GM1 data mid-year, which will represent the key initial clinical catalyst for the company.
The Dow Jones rallied as Senate Majority Leader Mitch McConnell blocked a rapid impeachment trial for President Donald Trump. “Shark Tank” host Mark Cuban revealed that he has been holding cryptocurrencies for years, without ever diluting the holdings. What Happened: The Dallas Mavericks owner let out multiple tweets on cryptocurrency-related topics Tuesday and revealed that he was a long-term holder of cryptocurrency in a social-media interaction with Goldstein Media founder David Goldstein.> I don't think people realize I try to test and use all this stuff and have for years.
I've never sold anything> > -- Mark Cuban (Cuban) January 12, 2021The billionaire touched upon topics ranging from decentralized finance (Devi), supply and demand, and the cost of cryptocurrency transactions. Cuban had a back and forth with Gemini co-founder Tyler Winklevoss on monetary supply during which the latter brought up the value of Cuban's basketball team.> You are making my point. One of the challenges of sovereign BS's is valuing IP, intangibles and cost based assets.
“Why It Matters: The famed investor joked last week that he would run for the office of President of the United States if BTC hit $1 million. See Also: Space King Chumash Palihapitiya On Facebook, Tesla And Bitcoin Cuban also warned potential investors not to pile on debt to invest in Bitcoin and cautioned there was a 99% chance “you will lose EVERYTHING. Large numbers of American households were forced to plunder their retirement accounts to make ends meet during the last year, even as the federal government plunged trillions of extra taxpayers’ dollars into the economy to keep it afloat.
Officials also debated blocking search leader Baidu Inc. but dropped the plan, the person added. Alibaba’s Hong Kong stock climbed as much as 3.9% while Tencent rose almost 5% on news of the reprieve, which was first reported by the Wall Street Journal.
Their dollar bond spreads tightened Thursday morning. The decision removes uncertainty hanging over Chinese social media and gaming leader Tencent and Alibaba, the e-commerce titan founded by billionaire Jack Ma that’s now under intense regulatory scrutiny by Beijing regulators. President Donald Trump has signed an amended version of his executive order banning investment in Chinese military-linked companies, the White House said in a statement Wednesday that didn’t mention any company by name. Imposing a ban on the pair would have marked the most dramatic escalation yet by the outgoing administration, given the sheer size of the two firms and the difficulty unwinding positions.
At more than $1 trillion, their combined market value is nearly twice the size of Spain’s stock market, while the firms together account for about a 10th of the weighting for MSCI Inc.’s emerging markets benchmark. Read more: Alibaba’s Jumbo Bond Deal Goes Quiet With Ma Out of Sighting national security, Trump previously signed an executive order in November requiring investors to pull out of Chinese companies linked to that nation’s military. The Defense Department will add more companies to the roster, the person said without elaborating. That would further fray the relationship between the world’s two largest economies, which have clashed over everything from Covid-19 to Hong Kong.
Authorities in Washington have ramped up efforts to deprive Chinese companies of U.S. capital in the final months of the Trump administration, adding to economic tensions as President-elect Joe Biden prepares to take over this month. Hasty measures have at times sown confusion in markets and prompted price swings, such as when the New York Stock Exchange reversed course twice on a decision to delist three Chinese telecommunications companies. The NYSE is now proceeding with its original delisting plan after U.S. Treasury Secretary Steven Mnuchin disagreed with its decision to give the firms a reprieve. Trump’s order banned trading in affected securities starting Jan. 11.
If Biden leaves Trump’s executive order in place, U.S. investment firms and pension funds would be required to sell their holdings in companies linked to the Chinese military by Nov. 11. (Updates with Hong Kong action and chart from the second paragraph)For more articles like this, please visit us at Bloomberg.subscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Dayan also sees the possibility of the company entering into similar partnerships with heavy truck OEMs. H.C. Wainwright said it expects hydrogen and fuel cells to take meaningful share of the energy and transportation markets over the next decade, and Plug's lead in the fuel cell and hydrogen space could make it an outsized winner.PLUG Price Action: Plug Power shares were trading 6.26% higher to $70.15 at last check Wednesday.
U.S. oil and gas producer Chesapeake Energy's Chapter 11 bankruptcy plan was approved by a U.S. judge on Wednesday, giving lenders control of the firm and ending a contentious trial. Once the second-largest U.S. natural gas producer, Chesapeake filed for court protection last June, reeling from overspending on assets and from a sudden decline in demand and prices spurred by the coronavirus pandemic.
Creditors who opposed the plan claimed Chesapeake was bankrupt long before it sought court protection and harshly criticized terms that gave backers including mutual fund giant Franklin Advisers Inc. heady returns. The power of Elon Musk has no bounds as seen by the crazy move in Signal Advance stock.
It is for this reason that we would encourage investors to build their portfolios now and see things through in the event of any consolidation phase that may come in Q1,” Lecubarri wrote. Taking the risk into consideration, we used Pranks’ database to find compelling penny stocks with bargain price tags. The platform steered us towards two tickers sporting “Strong Buy” consensus ratings from the analyst community.
Acer is a pharmaceutical company dedicated to the creation of safer treatments for acute pain, developing synthetic opioid drugs for sublingual (under the tongue) dosing. The company’s main product, Fentanyl, was approved by the FDA under the name Suva in 2018, and by the EU as Duvet that same year. The sales figure was up 433% sequentially, and the total revenue figure was up 133% year-over-year. Against this backdrop, several members of the Street believe Acre’s $1.40 share price looks like a steal. Cantor analyst Brandon Folks is upbeat on Suva’s prospects as an alternative to current opioid treatments, and he believes that potential will boost the company’s stock.“With the launch of Suva, we believe investor focus can now shift to launch metrics and peak sales potential for the product.
As Acre launches a true alternative to IV opioids, we expect investors to begin to appreciate the value of the product. We believe that Suva offers an advancement in delivery of adequate pain treatment by eliminating the need for an invasive and time-consuming IV set-up in the emergency room, as well as an outpatient, or post-surgery, setting.
Despite hospital launches taking time, we expect the uptake of Suva to drive revenue upside beyond the Street's current estimates, which, in turn, could drive the stock higher from current levels,” Followed opined. In line with his bullish stance, Folks rates Acre a Buy, and his $9 price target implies room for a stunning 552% upside potential in the next 12 months. (To watch Folks’ track record, click here)Turning now to the rest of the Street, 3 Buys and no Holds or Sells have been published in the last three months.
NCAA’s Provides have already been used in Gilead’s antiviral drug Somali. In May have last year, NCAA announced the restart of its Phase III trial on Clarín, the drug candidate the furthest along the company’s pipeline, as a treatment for biliary tract cancers. In November, the company published data described as ‘encouraging’ from the Phase IB study of the same drug. While Clarín is the flagship drug in the pipeline, NCAA has two other prospects under development.
Of these three, the colorectal study is the farthest advanced. Writing from Trust, 5-star analyst Robyn Karnataka sees the pipeline as key to NCAA’s investor potential.“We believe investors have overlooked the fact that NCAA is a platform Company that we believe is validated, as defined by the production of clinical products. The data suggest to us that the platform works and can produce better chemo While investors are mostly focused on Clarín, we believe investors should also focus on NUC-3373, another core to our platform-based thesis that has data expected in 1H2021,” Karnataka noted. To this end, Karnataka puts a $22 price target on NCAA, suggesting the stock has room for 384% growth ahead of it, along with a Buy rating.
(To watch Karnataka’ track record, click here)Overall, NCAA's Strong Buy consensus rating is unanimous, and based on 4 recent reviews. Following last year’s unseemly market gains, barely two weeks into 2021, shares are already up by a staggering 111%.
At this rate, last year’s 956% share haul could yet be surpassed. The latest surge comes after the hydrogen fuel cell maker announced a new partnership to add to its expanding list of collaborations. The company has signed an You (memorandum of understanding) with Group Renault to jointly develop several vehicle types and infrastructure in the EU. These include light commercial, taxi, and commercial people transportation and hydrogen turn-key solutions, with the 50/50 joint venture expected to kick off in 1H21. Oppenheimer analyst Colin Rush believes the latest deal further strengthens PLUG’s standing in the Hydrogen industry.“With PLUG announcing another strategic partnership today, we believe the company has quickly become a global company servicing three continents and positioning itself as a critical enabler of the hydrogen economy,” the 5-star analyst said.
We also note Renault's ownership position in Nissan and Mitsubishi as potential avenues for PLUG to expand its vehicle opportunity.” Rusch anticipates the initial delivery of vehicles will begin late this year or early 2022 with a “goal of reaching as many as 500K vehicles by 2030.” PLUG’s business has expanded to include most vehicle types, and Rush notes that Class 8 trucks remain one area in transportation to which PLUG now lacks “significant exposure.”“We would not be surprised to see the company target this segment with another partnership,” the analyst summed up. Following the news, Rush reiterated an Outperform (i.e. Buy) rating on PLUG shares. (To watch Rush’s track record, click here)The Street’s current assessment of PLUG presents an interesting conundrum.
It will be interesting to see how much battery power there will be left to push shares higher after the recent surge. With a runway of a year or more before the Federal Reserve and other major central banks can launch digital currencies, bitcoin and other private cryptocurrencies could gain a foothold in electronic commerce.
He is willing to bless the idea for traders who are looking for a Bitcoin derivative trade. Molecular engineering is the way of the future, said Crater.