White Label Reselling
White label reselling is another great route into reselling that offers larger profits for a bigger initial cash injection.
The way white label reselling works is thusly. You advertise and sell an item to your customer, that somebody else produces for you. You may have a client who is an auto repair shop. You could provide them with Gas Oil drums. They would be dressed with your companies label and you would charge your price and deliver these items but the process before this is taken care of by the producer of the drums.
This is a great way to make some money as a reseller and act as a distributor, whilst also building your business from the ground up.
The Buy and Sell
The oldest form of reselling, it pre-dates the digital age. It dates back to the 15th century. The Grand Bazaar in Istanbul is said to be one of the first-ever trading markets.
Now we are following these age-old traditions and adding savvy. Buying and selling can seem like one of the most simple things in the world and with the right attitude and a little bit of skill it is.
The key to buying and selling is knowing the market, you can buy what is in demand but running out for the sole purpose of selling high. Alternatively, you can buy and create demand, which is the greatest skill of every reseller.
Nowadays, the two most common ways of reselling are bulk buying and flip buying. These offer the most profit. Buying in bulk means gaining a reduced rate before resale. Flip buying means buying broken to repair and resell.
Whichever you choose, you can be sure that your career in reselling should start with one of the above methods.