Reselling in the New Normal: Know-how Reselling

TABLE OF CONTENT

INTRODUCTION                                                            3

CHAPTER ONE                                                            6

Evolution of reselling (selling – reselling)                                          6

CHAPTER TWO                                                            12

Starting up your new reseller business                                          12

Benefits of being a reseller                                                      12

Difference between a Reseller and a Distributor?                                    14

CHAPTER THREE                                                            15

Business Products to Venture in as a Reseller                                    15

Demerits of a Reselling Business                                                16

Is Reselling Legal or Not?                                                      17

CHAPTER FOUR                                                            18

Steps to online reselling                                                      18

CHAPTER FIVE                                                            24

Factors to Consider when pricing your products                                    24

CHAPTER SIX                                                            26

Promoting Your Reselling Business online                                          26

INTRODUCTION

For one who is just starting out as an entrepreneur, or one who hasn’t moved too deeply (still learning the art of what is done), the reseller business can be said to be arguably the best option for such people. Reselling as earlier stated, is an art and as such requires a lot of effort put into it to produce a beautiful end result. A lot of patience and commitment is necessary just like another business idea. A reseller is an asset and, in this article, you’ll discover all about the reseller business; what it is, what it’s not, why you should be a reseller, how to create an online platform for reselling, as well as other necessary tools with which to equip you.

The Reselling Business

Judging from the term ‘resell’, one would automatically guess it has to do with buying and selling right? Well, you’re correct. The reseller business is a strategy created which permits you to resell products acquired from manufacturers to final customers. This form of business model is very easy and convenient, making it a great option open to new entrepreneurs. As a reseller, your main job is to collect from the manufacturer and deliver to the consumer, you’re essentially acting as the middle man between the two parties. Another way to look at this is simply knowing you won’t necessarily have any cause to manufacture your own products, but you’ll still possess the ultimate choice of selecting from a variety of wares. If you want to resell clothes or resell jewelleries, you’ll quickly discover you can sell anything. Then if you’re already setup as a reseller online, you can expand into other fields without expensive inventory fees, extra costs or high shipping costs.

Reselling Before the lockdown saga.

Virtually every public- and private- sector have now come together with one goal to face the threat against our health and safety of employees, customers, vendors, and their families. Once they have put the important measures in place to protect people’s lives, the leaders now must help to defend livelihoods as the COVID-19 pandemic turns the global economy upside down. This crisis also is wielding abrupt and unparalleled burden majority of which are going below average on demand and pricing. In many sectors, from air transportation to durable goods, abrupt drip in demand, excess bulk, and intensified price sensitivity are uniting to bury to the ground, prices and extinguish value. A couple of customers are requesting for prices to be slashed and contract discussions, while some rivals are creating antagonistic pricing judgements. In other sectors, from shipping and groceries to