Managing a Reselling Business in a Digital World

With platforms like eBay, Amazon FBA and Mercari, it’s clear that so many people thoroughly love the art and hustle involved in reselling. Reselling will continue to expand as an industry that dominates the marketplace. Not only is it beneficial for providing jobs for tons of people, but it also keeps products like clothing, beauty products and electronics out of the landfills. It gives people an opportunity to get specific products at a discounted rate. Alternatively, it allows other people to enjoy the benefits of their favorite products that might have been discontinued. Whether you’re choosing to use a platform like eBay or Poshmark, consider the fact that a reselling business isn’t an easy one. There is a lot of intention that needs to happen to create the right strategies that will help you manage it all. Consider the strategies and tactics you’ll need to instill in order to manage your reselling business in a digital world.

Diversity in Sourcing

It’s always helpful to have diversity in your sourcing process. You might decide that you love shopping for trendy clothing to sell on Poshmark. However, don’t neglect the major dollars you could be missing out on through selling discontinued products on eBay. You might decide that you prefer to purchase clothing in person that is attached to a specific brand name. However, take a look at many of the retailers that are going out of business. As they go out of business, they’re looking to get rid of their merchandise. Because of this, they’ll discount the prices tremendously. As the summer approaches, more people will buy bikinis. Check out different retailers that offer bikinis for one or two dollars. You can easily create a profit margin by ordering the discounted merchandise online. You won’t have to sift and sort through thrift store merchandise or stand in lines in order to get your products for reselling. You’ll be able to save time and money. Consider different options so that you can diversify your income within your reselling business.

Photo-Taking Process

It is so important to take accurate pictures of your merchandise. It’s not a fun process. At the same time, you have to get it done. Whether you put on some music or a great podcast to entertain you, commit yourself to taking the best photos you can. You don’t need a high-quality DSLR camera to get it done either. If you use natural light, a good backdrop and your smartphone camera, you can easily get the photos that will attract the right buyers. If you know this is a process that will take you longer than it makes sense financially, consider hiring a part-time worker to take care of the photos for you. If it makes financial sense, you can hire someone. Otherwise, commit to the process and get it done. There are parts of the process that won’t be a lot of fun to do. This is why you have to boost your spirit up with motivational messages and quotes from sites likeĀ Oberlo.

Researching Specifications

The reselling industry has been around long enough for people to sell and resell the product you’re about to sell. With this understanding, there’s probably specification already listed somewhere out there. You won’t have to do too much research in order to get the specifications for your particular product. However, you don’t want to neglect that part of the process. If you’re selling clothing, your potential buyer will want to know the sizing, types of fabric and more. Be as detailed as you can because somebody is spending their hard-earned money on a product that they have never tried on. There is an element of faith involved when it comes to purchasing products from a reseller. You can eliminate some of the trepidation or hesitation that a potential buyer might have by giving as much information as you possibly can upfront.

Now, it’s best to be mindful of the fact that some people will just ask tons of questions and move on. Don’t spend too much time getting into a continual dialogue with someone who doesn’t have the intention to purchase. Be discerning regarding how you communicate with your customers. However, you can eliminate a lot of the questions by making sure the specification and details are clearly spelled out on the actual listing.

Shipping and Deliveries

For many resellers, the shipping and delivery process is what can be the most arduous. If you’re working with a platform like Poshmark, you have the benefit of a shipping system that is easy to follow. However, if you’re dealing with a platform like eBay, shipping can get a little tricky. In order to make things easier for yourself, consider purchasing a course or a book that teaches you more about how to effectively ship and deliver items with various platforms. This knowledge might seem annoying at first. However, when you’re making the investment in your reselling business, you have to be professional about making sure the products get to your customers in a timely fashion.

Share this post:

Leave a Comment