Buy To Sell: The Reseller’s Handbook

In the past, running your own buying and selling business took a lot of work. You’d have to travel around and keep in touch with contacts to find items to buy. Then, with a good level of stock, you’d have to open a shop to sell the goods in. All this is very expensive. Thankfully, though, the Internet has made this sort of job a whole lot easier. Nowadays, buying and selling is just a matter of making a few clicks on the right boxes. To help you out with this, this post will be going through some of the attributes you should look for in your purchases, and how to sell them on for a profit.

This whole endeavour can begin with a single purchase. You don’t need a lot of money to start out, just enough to buy something big enough to make a good profit. The item you choose will have a huge impact on the time it takes to sell and the money you get from it, so it’s important to think carefully. Below, you’ll find some of the qualities you need to look for in products like this. With these in mind, it should be easy to find good products to sell.

Is it on sale?

It’s much easier to sell new products online than it is to sell old ones. So, for this reason, to make a profit, you need to look for goods which are on sale when you buy them. Using this method, all you have to do is wait for the item to go off of sale before you sell it. This will make the market price for the item higher, generating a greater profit. Of course, there’s more to it than seeking the sales, though.

Is it branded?

Branded goods sell a lot faster than non-branded ones. With this in mind, it’s best to look for goods which are made by a company which people will recognise. It’s hard to trust a company you’ve never heard of, putting a lot of people off. If you want to sell outdoor equipment, a company like Thule could be perfect for you. They have a large product range of popular goods, and you can usually find their items on sale. Or, if you’d prefer to sell smaller items, you could look for branded goods on wholesale sites like DHGate or AliExpress.

Can you undercut the competition?

Finally, you need to consider whether or not you will be able to undercut the other goods on sale without losing money. Before you buy something, you should research its trends on websites like eBay and Amazon over the last few months. If items have been consistently selling well at the same price, and it’s a price you can beat, it’s definitely worth investing. Products which will force you to charge more, though, you should simply avoid.

Once you have some goods to sell, it’s time to start putting them online. eBay is one of the best sites for this, thanks to its huge user base and cheap listing prices. Use accurate titles and descriptions, including as much information about the product as you can. If you’re brave, you could try and auction the goods, relying on bidding wars to give you a good profit. Or, you could use a normal buy-it-now method, allowing you to decide the price they goods sell for. If you find a product taking a long time to sell, it can be worth lowering the price a little. But, be careful not to lose out on too much capital.

Hopefully, this post will inspire you to start working on your own online business. A lot of people have managed to create good earners through methods like this. With the right dedication, you’ll find it easy to keep turning over a profit.