Make Money Reselling

Do you want to make money reselling but don’t know where to start? Or are you just looking for an easy way to make some extra cash? Whichever it is you are in the right place.

Here you will find exactly what reselling is and learn how to get started on your reselling journey.

Let’s look at how anyone can easily make money reselling.

What Is Reselling?

The definition of reselling is ‘to sell (something) again’. Basically what you are doing is buying something from one place and selling it on for a higher price to someone else.

As the items that you choose to sell can be anything, you will never be short of stock or ideas as to what you can sell.

Once you learn the do’s and don’ts of reselling you can soon build a profitable side hustle.

Why You Should Become A Reseller

So why is reselling a great business and why should you become a reseller?

There are lot’s of reasons that a reselling business is a good idea. Below are a few of them.

  • Low start up cost
  • Quick and easy to set up
  • Low time commitment
  • Fits easily around your day job
  • Easy to change your product choices

Let’s look at them in more detail.

Low Start Up Cost

You can start your reselling business with a very low initial investment. Start small with just a few items and re-invest the profit to buy more stock. I started my reselling business with less than £20 and quickly turned it into a side hustle that was making hundreds of pounds a month.

Quick And Easy To Set Up

Unlike most businesses or side hustles, reselling can be set up very quickly. Once you have purchased some stock to sell you can have your items up for sale online within minutes and start making money straight away.

Low Time Commitment

The work involved in this type of business doesn’t take up too much time if you organise your workload efficiently.

Once you have listed your items for sale there isn’t much more to do until something sells. Then you just pack it and post it out to the customer.

You might have to spend some time researching products or answering questions from customers but this is unlikely to take up much time, especially at the beginning.

Fits Easily Around Your Day Job

A reselling business can fit easily around your day job or other commitments. If you sell your items online then you can work whatever times suit you and your lifestyle.

Easy To Change Your Product Choices

This type of business makes it very easy to change the type of products that you sell or even allows you to sell any type of product if you don’t want to specialise in a particular niche.

If you start off with a certain type of product and find it isn’t as successful as you hoped, you can just switch to a different niche and try again.

Where To Buy Stock

There are many different places that you can find to buy stock for your reselling business. A few of the most popular ones are listed below.

  • Charity shops/Thrift stores
  • Car boot sales/Garage sales
  • Retail stores
  • Facebook marketplace
  • eBay

Now we will take a look at the reasons why I think these are a good place to start looking for your stock.

Charity Shops/Thrift Stores

Charity shops or thrift stores can be a very good place to buy stock at a low price. They usually have a wide range of items for sale so whatever niche you are in, you will probably find something to resell.

This is the place I source most of my stock and have had a lot of success with it.

Car Boot Sales/Garage Sales

Like charity shops and thrift stores, car boot sales or garage sales can provide a good variety of products at competitive prices.

These can be seasonal due to the weather especially if you are in the U.K. like me! Car boot sale season usually starts here in April and finishes around September so can’t really be used to buy your stock all year round.

They are worth looking at while they are available though.

Retail Stores

It is possible to find items to resell from retail stores. Retail arbitrage as it’s known, can be very profitable if you manage to find the right items.

The type of products you are looking for are end of line or sale items with big reductions in shops and supermarkets which you will then sell at nearer the usual retail price.

This method works well as the items that are on sale at your local shops might not be on sale elsewhere so will sell well online as your items are available to the whole country or even the rest of the World.

As this method involves new products rather than used ones you don’t have to worry about having to describe the condition of the item in as much detail as you do with used items.

Facebook Marketplace

Facebook marketplace is a good option to find used items at a reasonable price.

You are limited to what you will find in your local area and usually have to be quick as popular items can sell quickly.

It’s always worth having a regular look at what’s available as you never know when a bargain will appear.

eBay

Another place to look for bargains is eBay. In particular it is worth looking for items that are being sold on auction rather than ‘buy it now’. If you find an item that no doesn’t have bids on or with low competition you can sometimes bag a bargain. Just remember to take the postage costs into account when you bid to make sure there is enough profit left in it.

Where To Sell Your Items

If you want to make money reselling you need to sell your items.

Luckily finding somewhere to sell your items is very easy as there are lot’s of options. The place you choose will probably depend on your location and the type of products you are selling or maybe just which platform you are most familiar with.

Here are a few that I have used.

  • eBay
  • Amazon
  • Depop
  • Vinted
  • Facebook Marketplace

There are many more places to sell your products but I will look at the reasons why I have used these and the products that they are suited to.

eBay

This is my favourite place to sell. You can sell most items on this platform and it even makes it very easy to sell worldwide with the Global Shipping Program.

Items can be listed very quickly and customers can easily ask questions and make offers.

When selling on eBay I always list my items on ‘Buy it now’ rather than auction as you will achieve a much higher selling price.

Read how I got started making money online with eBay here.

Amazon

Another platform you can sell on is Amazon. Selling on Amazon is not as easy as eBay and is only worth using for certain products.

New items tend to be better to sell on Amazon, especially toys and board games. If you are planning on selling on Amazon make sure you research the product you are selling to make sure it is the best place to sell it.

Depop

Depop is a website and app that allows you to sell clothing through their platform. If your niche is clothing, especially vintage or unusual clothing then Depop could be a good option.

Vinted

Vinted is similar to Depop and is good for selling clothing. The stand out feature of this site is that there are no selling fees so you get to keep all the profit.

Facebook Marketplace

As well as being a good option for buying stock, Facebook Marketplace is also useful for selling your items especially if you sell bulky items that need collecting.

The main downside to selling on this platform is that you will be selling to your local area so your sales may be more limited.

What Items Should You Resell

Choosing what items to resell can sometimes be difficult. Always research your niche to find what is easily available and which type of items sell quickly and at a good price.

Here are a few popular and easy to find niches to consider.

  • Clothing
  • Toys
  • Books
  • Gaming
  • Footwear

As you can imagine, the list of things you can sell is endless but these are a few niches that I have had success with but you should always look for others that might suit you better.

Let’s look at why I have chosen these niches.

Clothing

Clothing is the niche that I have had the most success with. I have found it to be the easiest type of product to find and can be very cheap to buy.

I always look for vintage or designer brands which will command a higher resale price. There is a bit of a learning curve while you work out what sells and what doesn’t sell but after some trial and error you will know what to look out for.

You can also sell your own clothes that you don’t wear anymore to keep your stock topped up.

Toys

Selling toys can be very profitable if you choose the right type. Vintage and collectable toys will always sell well but might be more difficult to find.

Board games can be popular, especially in the run up to Christmas and sell well on Amazon.

Baby and younger child toys can also sell quickly but always research anything that you are thinking of buying.

Toys are one of the easier items to find if you are looking for retail arbitrage products as they are often on sale at retail stores.

Books

Some books can be quite valuable and some worth nothing at all so a knowledge of this niche is required.

School and University text books can sell well and books in specialised niches such as Manga.

Charity shops are full of books and usually at very cheap prices so it is always worth looking out for the more valuable ones.

Gaming

The gaming niche covers a lot of different products such as PC or console games, gaming hardware or even vintage and collectable gaming items.

It can be a very competitive market and again a good knowledge of the products is required to make a good profit. The good news is that there are lot’s of gaming products around so can be picked up quite often.

Footwear

Footwear can be easily combined with the clothing niche and gives you good options to specialise.

You could choose to sell trainers which are always popular. Handmade designer shoes which can sell for hundreds of pounds is another option.

All types of second hand shoes can be found in large quantities and tend to sell quickly.

How Much Money Can You Make Reselling

So how much money can you make reselling?

Well the answer depends on the niche that you are, the time that you put into it and the size that you want to grow your business to.

My reselling business is run on a very part time basis and can make anywhere between £200-£500 per month. This could easily be increased if I had the time to find more stock and grow the business further.

Your results will depend on your own situation and you can adjust how much time and effort you put into it to achieve the sort of profit your require.

The good news is, you can easily make money reselling and usually the amount per hour that you put in can be very profitable.

Tips For Resellers

Now you have decided that you want to make money reselling you will want to cut the time it takes to get started. To help you along, here are some tips to help you start your reselling journey.

  • Choose a niche you are familiar with
  • Consider postage costs
  • Look for products you can find easily
  • Sell items that interest you
  • Make sure you have enough room for your inventory

Choose A Niche You Are Familiar With

Choosing the right niche can make or break your reselling business. If you make the wrong choice you could be left with items that you can’t sell. When this happens you won’t make the profits you were hoping for.

Being familiar with the niche that you choose it will save you time and lower the chance of buying the wrong items.

Consider Postage Costs

When you are deciding which products to sell always consider how easily you can post them to your customers and the postage costs involved.

Getting this wrong could see you losing money in your reselling business.

Always consider the size and weight of the products as this will directly affect the cost of posting the item out.

If possible choose products that are lightweight and preferably quite small to keep your postage costs down.

Look For Products You Can Find Easily

Choose a product or niche that can be found easily in your area. This will ensure that you can always find new stock for your business and create a regular income.

To make a consistent amount of money in your reselling business you need to have new stock on a regular basis.

Sell Items That Interest You

Selling items that interest you will make running your reselling side hustle much more enjoyable. This will keep you focused on growing your business to the level that you want.

When you are interested in the products and have a good knowledge of the niche then you are already ahead of the game in creating a successful and profitable business.

Make Sure You Have Enough Room For Your Inventory

Once you start buying in stock you will need somewhere to store it. This will probably be your house, especially in the beginning so make sure you have enough room for it.

You could store your items in a spare room or the loft or even a shed but always keep in mind that as you start to buy more stock it will start to take over whichever area you are storing it.

If space is limited, choose your products carefully as larger items can soon see you running out of storage space. Your stock will then start spreading into other areas of your home.

Running out of space will affect the organisation of your stock and slow you down when picking and packing items.

Products To Help Your Reselling Business

As your reselling business grows you might want to invest in products to help streamline the way you work. This can allow you to get the work done much more efficiently and increase you profit per hour worked.

Here are some products that will help you out.

Thermal Label Printer

With more sales you will inevitably have more parcels to post out. Hand writing labels can be time consuming and printing on a standard inkjet printer can be costly.

That’s where a thermal label printer comes in. With this type of printer there are no ink costs and it prints directly on to self adhesive labels.

Take a look at the most popular thermal printer

Click the button for full details

There are many thermal printers to choose from. If you are looking for a more budget friendly option, check this out.

Storage Boxes

Keeping your inventory organised is essential if you are going to make money reselling. Knowing the location of all your stock will allow you to pick and pack your orders quickly and save you valuable time.

Using storage boxes will keep your stock organised as well as keeping everything free from damage or dirt.

The size of boxes that you need will depend on the type of products that you sell and the space that you have to store them.

See an example of the storage boxes I use.

Click the button for more details.

Postal Scales

When you are buying your postage online you will need to know the weight of your parcels. A good quality set of postal scales is helpful.

You could use a set of kitchen scales if you have some but I would advise you to get a good quality set as soon as possible.

The scales I use can be seen below

Click the button to check them out

There are many other products that can help you out in your reselling business but these are a few of the most important ones as your business grows.

Go And Make Money Reselling

Now you have some knowledge of the reselling business there is nothing to stop you creating a new side hustle.

Always remember to start small and only invest what you can afford. As I mentioned earlier, I started with just £20 and turned it into an additional income worth thousands of pounds a year.

Whatever your background or country that you live in, this is a business you can easily get started.

So if you decide to give it a go, good luck with your new venture.

If reselling isn’t for you or you just want more ideas to make or save money you can find more interesting posts here.

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