Everybody loves a bargain don’t they? And if you love nabbing yourself a bargain and making a profit then reselling could definitely be an appealing option for you.
What Could You Sell?
You could sell lots of different items by grabbing bargains as and when you see them and then listing them online to make a profit. Or could specialise in one area, e.g. clothing, toys, books. You could even niche down further with say vintage clothing if that’s something that interests you.
Where To Buy
You could buy in high street shops or retailers websites when there’s a good sale. If you enjoy finding a bargain then charity shops, car boots or auctions may be the way forward. Or you could buy wholesale lots on eBay and then split them up into individual items.
Where To Sell
eBay is a great option for selling pre-loved items online as you can have the option of an auction or buy it now listing. You could create your own shop but it’s not free. There are fees to list and fees when you make a sale so take that into account when your pricing your items. Also, be aware that if you don’t set a reserve amount on an auction your item could go for 99p! Other options are Facebook Marketplace and Depop.
Things To Think About
Make your item stand out from the competition by taking good photos and write an attractive description. If there are similar items for sale you want yours to be the most appealing choice. Keep a log of how much your packaging and postage costs are so you can add this into your pricing. Sign up to cashback sites so that you can grab free cash when you are stocking up your inventory.
Don’t be that person who packages their items in black bin liners. Just because someone is purchasing a used item doesn’t mean they don’t care how it arrives. Make the experience a pleasant one by taking care of their package and making sure it arrives in good condition. Perhaps you could write a little thank you note or include a small freebie. If it’s a fragile item consider whether you need to post it in a box with extra protection inside the package. There are many eco options available now, such as recyclable or biodegradable packaging. Don’t forget to take into account the shipping costs when you are pricing your items. If you are selling heavy or bulky items then the costs can add up and you don’t want to be out of pocket.
Have a look around your own house to see if you could start listing things for sale today. Look at the sold listings on eBay to get an idea of what prices things are selling for. If you enjoy re-selling online and like to make things then you may also want to consider setting up a crafty business to sell your own items.