As the demand for online shopping continues to grow, resellers play an increasingly important role in the eCommerce industry. By definition, a reseller is an individual or company that buys goods or services intending to sell them to customers.
While some resellers operate their online stores, others sell through marketplace platforms such as Amazon and eBay. In either case, resellers play a vital role in connecting manufacturers and brands with consumers.
Reselling is the perfect option if you're looking to start your own business or want to make some extra money. A reseller buys products from one company and sells them to customers for a higher price. It's a simple concept, but it can be lucrative if done correctly.
Here are a few key things to remember if you're considering starting a reseller business as a side hustle.
First, it's essential to choose the right products to sell. You'll need to find products that are in demand and that you're passionate about. This can be tough, but it's essential to ensure you get good-quality items.
Second, you'll need to create a strong marketing strategy. You'll need to identify your target market and figure out how to reach them.
Also, pricing is critical. You'll need to balance making a profit and pricing your products competitively.
Finally, shipping can be a challenge. You'll need to factor in shipping costs and time when deciding how to get your products to your customers.
And remember, you'll need to be prepared for the ups and downs of running your own business.
It can be challenging, but it can be a great way to make extra money if you're ready for the challenges.
Profit margin depends on the product you are selling.
Skills and requirements
- Shipping and packing material;
- General Office Hardware: computer, smartphone, printer;
Pros & Cons
- Starting is easy;
- You surrender some aspects of control;
- Reliability and communications are issues;
- Competition between other resellers;
Amazon, eBay, Shopify, Facebook Marketplace