Reselling is one of the most easiest business to manage.
You don't need to be an expert, you don't need to manufacture anything, you don't need a big capital, you don't need to do this full time.
All you need is to be resourceful.
Today, people have easy access to information with the wide availability of WIFI and the internet. Data has also been made affordable and easily accessed. People can buy anything, from anywhere they are, at any given time they wish.
If you want to go into reselling, here are some reseller tips.
1. BASIC KNOWLEDGE
2. NUMBERS
3. SALES and PROMOTION
4. DISTRIBUTION
Decide which channel of distribution you are going to use:
5. FEEDBACK
6. BE AWARE
If you find these tips helpful, please let us know. We'd be happy to come up with more tips and related know hows in the future.
You don't need to be an expert, you don't need to manufacture anything, you don't need a big capital, you don't need to do this full time.
All you need is to be resourceful.
Today, people have easy access to information with the wide availability of WIFI and the internet. Data has also been made affordable and easily accessed. People can buy anything, from anywhere they are, at any given time they wish.
If you want to go into reselling, here are some reseller tips.
1. BASIC KNOWLEDGE
- Select your product based on your knowledge and interest. It's hard to sell something you dislike or unfamiliar of. You don't need to be an expert of it, but you need to feel motivated about it. From here, gauge whether your product is a need or a want. Demand for this product will depend on this category.
- Find a reliable source or supplier. If you can't source yourself, find a source that can take care of this. So you can focus on selling, and you don't need to do everything.
2. NUMBERS
- Compare market cost of the product, what the ongoing price is. From here, decide on the profit you find acceptable and decide on your selling price.
- What payment channels will you open to accommodate a sale?
- Will you accept COD? Bank payments? money transfer? electronic transfers? credit card?
- What platform will you use?
3. SALES and PROMOTION
- Select what you will use, whether it's a direct sale or through online. Since we're in an online age, we will go to this area further. A suggested platform with stable and responsive following would be FB Marketplace and Carousell, plus, other free sites are also available. Learn how to use them and discover which fits you best.
- Take photos and create descriptions to make your product look attractive. Creativity to stand out is a plus. Make sure that you have clear photos and descriptions. Here, you build a viewer's impression and their desire to contact you. Avoid saying too much or too less. If you don't have your own photos, ask for permission if you are using somebody else's, to avoid legal implications.
- Be responsive when there's a query and be cordial at all times.
- Some people may contact you outside hours you're able to respond, if you can use an auto responder, or indicate the hours you are available on your post, this will be helpful. Viewers are least aware.
4. DISTRIBUTION
Decide which channel of distribution you are going to use:
- Pick-up (if you have a store address)
- Meet-up (a notable and secure landmark location)
- Delivery (which courier to use)
5. FEEDBACK
- If shipped, ask and find out if your order was received by your receiver. This will also give you an idea what your buyer thinks of the product and your service. The feedback will help encourage you if you are doing it right, as well as provide suggestions for improvement.
6. BE AWARE
- While it's not all the time, scammers are also around. So set parameters. Be careful and discerning.
- Listen and learn from other people's experiences to avoid meeting unfortunate scenarios.
If you find these tips helpful, please let us know. We'd be happy to come up with more tips and related know hows in the future.
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