Is reselling products a good online business?

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#1
I want to know your insights of what do you think about reselling business online? Is it the best way to sell products nowadays?
 
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#2
It will depend upon your products. If it is in high demand of the public, surely, it will. On the other hand, your demographic location will matter too. Some clients will consider the shipment. If your products are perishable, expect sales from customers living nearby than those who are in distant places. Another thing to consider is your price. It should be lower than your competitors. Lastly, you should consider the quality of your products.
 
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#3
This is interesting. I am one of the sellers for this online website and thinking if I can be a reseller as well. How much will it cost and will I really have a good deal or should I say be successful on it. I am not good at selling but starting a business is hard, we need to make sure that when we get into it, it should be a 100% decision because there is no turning back. Based on the colleagues I knew they started the business being a reseller then was able to maintain it and be good at it.

But it needs, a lot of effort, should be always ready to assist queries and money. So this is not for everybody, we should or you should think about it a lot of times and then make a decision.

:eek:k:
 
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#4
Nice question. Since we are on modern generation reselling online is one of the most easy and convenient to do. Compared on selling directly that you need everything to start up. Since it is an online business it is easy to promote and introduce your product online, either on your friends, relatives, and possible consumer. Disadvantage of it is you have to earn trust of customers and also protect your business from bogus buyers. Another thing to consider and most importantly is an legit supplier. Specially nowadays, it is hard to pay online and learn at the end that your supplier is not legit. Starting business online requires a lot of effort to maintain and attract more customers. But I think everyone who is willing to succeed and have determinance will achieve their goal.
 
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#5
Depends on what you are reselling. Since we are on a hosting forum I'm assuming hosting services. The positives about reselling hosting services are that you can keep your costs very low, so even if your business has few customers you can still make a profit. However, you still need to know enought about hosting to help your customers.
If you are reselling products I hear dropshipping is a great way of making money as you only need to maintain your website.
 

Joscess

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#6
Well,reselling products online surely has its merits but if you really want to profit from it, you have to plan your business channels very carefully.It is because in reselling products you will not only be concerned in getting orders, you have to advertise effectively, manage your business costs wisely and most importantly, you have to ensure quality. And since you are selling online, you will also have a wider market or even a global market, are you sure you can cater to the demands of online global customers and be able to compete on a global market?
 

alpshost1

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#7
It depends on the demographic location. Most of customers now preferred to order online and deliver it on there houses or offices. It also helps whre are you good at? if you are into hosting then be a reseller in hosting.
 
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#8
Reselling online will be a good business, but you have to think about what will you resell. Will it expire in one or two-years time? Is your product on the top sales of most online shop apps? You should consider such things, because this may impact your sales as well as your rating as a seller.

I have a friend who is doing reselling clothes. At first, her business was a success, but after 6 months, buyers are slowly decreasing. I haven't asked her the cause, but maybe it is because there is nothing new product to offer her customers.

Therefore, before you jump in to online reselling, study thoroughly what you will you resell and who are your target customers.
 
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#9
It's a risk. You must have a big capital/money to avail a wholesale price of a certain product or item for you to resell it in a retail price. That's where you will earn a profitable mark up on each product. I am an online seller, I do Buy and Sell. My advice to you is just be careful on choosing your item to be resold and always haggle for the price when you are buying your item to be resold, In that way you can acquire more profit in the item and it also gives room for a marketing discount on your prospect buyers.
 
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#10
I'm doing buy and sell online lately. And I find it very profitable. You just need to be patient in finding the right buyer for your item to avoid loss on negative in your initial investment. So far so good.
 
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#11
It depends on what kind of products
you are selling and the cost of which
you acquired said products. It's best
if you get it straight from the manufacturer,
this will give you a very good price which
translates to big profits for you.

I suggest that you call manufacturers
and tell them that you want to promote
and sell their products, by doing that
you'll get a low discounted manufacturers
price.
 
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#12
Reselling online business is a good and profitable business provided (1) you know what you're selling. How to explain it, how the product works, and how to contact support (from supplier) once it has a factory defect or something. (2) You are patient enough to know the entire online business. You need to know how it works in terms of your government rules on establishing an online store. This will boost your store positively and will make you a legitimate store too. (3) You need to know your target audience and you need to start within your community in my opinion. You get faster results from sales made from your community. I know this because this is how I gathered my first sales. (4) Your should be true to your clients too.

I believe any online selling business can thrive and succeed provided you are willing to learn the steps and will never give up. Good luck.
 
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