If you are interested in making extra income, re-selling things online can be a great way to do so. Almost anyone can become involved in this enterprise that involves purchasing items that are either new or preowned and selling them at a profit. Best, of all, because the internet has so many resources for selling these items, most re-selling entrepreneurs can work from home.
However, in order to be successful in this industry, you must have a good working knowledge of the items you are selling, and know where to find them, where to sell them and how much to resell them for. This article will talk about some of the items that work best for re-selling and provide some tips for how you can launch this type of business.
What Items Work Best for Re-selling?
If you are thinking of starting your own re-selling business, you are probably wondering which items have the best re-selling potential. Here are a few recommendations.
A knowledgeable re-seller has the potential to make a lot of money selling antiques. Antiques can often be found at garage sales, estate sales, flea markets, second hand shops and marketplaces. When selling them, your best bet will be collectors via clubs, associations and shows. They can also be sold on E-bay, at flea markets and antique marketplaces.
It is a good idea to pick a niche within the antique market regarding the types of items you will sell like furniture, art, implements, etc. Then you will be able to build up a knowledge of your niche. This will also help you draw in customers as people will know to come to you when looking for certain items.
The biggest risks of antique re-selling are buying damaged items or replicas or paying too much for an item. Be sure to research in advance and take along a magnifying glass, flashlight, measuring tape and other tools that will help you determine the condition of an item before buying it.
Used and Rare Books
Books are great items for re-sellers because the people selling them rarely know what they are worth. Therefore, rare books, autographed copies and other collectibles can often be found for rock bottom prices at garage sales, flea markets, auctions and more.
If you are interested in re-selling used books, it’s a good idea to invest in a rare book pricing guide. That way you will know exactly how much the books are worth so you are sure to make a profit. Used and rare books are best sold online via Amazon, eBay and used and collector book marketplaces that can be found on the internet.
Golf is one of the most popular recreational past times in North America so golf clubs are always in demand. If you are handy, you can easily make a profit by switching out the parts of the golf clubs to customize them to your client’s specifications.
If you are not as skilled, you can still make a profit by buying golf clubs wholesale or through the manufacturer or by purchasing them used and selling them at a higher margin. Used clubs can easily be found at auctions and through classified ads and eBay, online marketplaces and golf and recreation shows are best for selling them.
While selling used cosmetics can be a bit questionable, there are several ways you can make money by re-selling in this industry.
The first step will be finding a source for a reliable supply of quality cosmetics. You can create and manufacture your own cosmetics and sell them under a private label agreement. Another option is to strike a deal with a cosmetics manufacturer or distributor and sell their line on an exclusive or nonexclusive basis.
Once you have a source for your cosmetics, there are various options for selling your product. You can sell them at a kiosk at a mall, you can contract salespeople to host in home cosmetic parties to boost sales, or you can sell them online via eBay, Amazon and other internet marketplaces.
With the ongoing rise of technology, computer parts are always in demand. Re-sellers can make money buying from wholesalers and selling directly to businesses or through online marketplaces. Products that are ideal for selling include CDRW and DVD drives, memory, processing chips, audio and video cards, motherboards and hard drives.
Re-selling new or used items is a great way to bring in extra income. It is low risk, it does not require a lot of capital, it can be done on a work from home basis and it has the potential to bring in a considerable profit.
Good luck with you reselling efforts. I’ll be adding more to this list in future to keep things up to date!