Have you thought about creating a business reselling products? This can be a good idea for those who want to earn some extra money in these times of crisis, and perhaps start their own business.
The option to make money by reselling products is based on an old business model, but with technology and new business options, they have given way to new ways to develop it. They are ideas to undertake that well studied and adapted, they can generate a good income and be the embryo of a lucrative business.
Here on our blog a lot of people write to us to find ideas for products for resale, since this is the type of business you can start with very little money. Although the model may seem simple, it is necessary, as in any business, to be informed and to be a little cautious.
To meet this demand, we did research and collected some business ideas that can be assembled from the resale model. Read the article to the end and choose a product for resale that you can convert to your own business.
1. Catalog sale products
This is the best known model for redistributing products. In fact, it is the model adopted by perfume and cosmetic companies such as Avon, Mary Kay, Esika and others.
The great advantage of this type of business is that most of the time you do not have to have a large amount of money to start the business and when companies require the dealer to purchase a sales starter kit, this value is usually very low.
Another great advantage of working reselling products By catalog, you don’t have to carry the products around for demonstration, or have an inventory, which these days, even for your own safety, is a great advantage. It is enough for your customers to choose the products in the catalog and place their order.
In addition to the cosmetics segment, there are many options for working with products for resale in the segments of clothing and accessories, jewelry, household products and much more. Profits in these businesses are, on average, around 30%, which is a good margin compared to companies that require physical facilities, a premises and other types of investment.
Another advantage that we find in this business model is that it can represent more than one type of product, and according to the study of the various options available, you can develop your business with a mixture of complementary products that maximize your efforts and also your income.
Another advantage is that, due to its operational simplicity, this is the type of business that you can build working from home, an increasingly viable option in any Latin American country and around the world.
2. Items for resale on consignment
Another way to undertake reselling products it is through the consignment system, a slightly different way from the previously presented model, but with some minor operational differences.
The great advantage is, once again, the possibility of start your own business without having to invest a lot of money. Margins in this business are often not as generous as in retail products through the catalog model, but it’s still a good business idea.
In this model we have options in the areas of jewelry retail, lingerie and jewelry.
3. Resale of products on the Internet (infoproducts)
Selling third-party products over the Internet is another alternative for those who want to work with products for resale.
This model has been on the rise in many Latin countries, following the growing trend of electronic commerce, which last year had a turnover of $ 35 billion dollars, according to the WebShoppers report from the e-bit consultancy.
At present there is a great growth trend of the business model based on the reselling products over the Internet, due to accelerated sales growth and low costs presented by this type of online business.
See also: Money is on the Internet for Everyone (I)
A growing number of people want to know how to build an online store so they can start their own online business, sell products, and earn good money. There is also the option of selling products in specialized markets and sites that allow people to sign up and sell products there. The best known in many countries is Mercado Libre and also Ebay.
Success in this business depends largely on the choice of the market niche in which to operate. Some segments such as fashion and accessories usually have a good profitability in this business model, but first you must do a good research to know well the audience you want to reach and thus take advantage of business niches in e-commerce.
Now that you have a good deal of information on options for working with products for resale, it is a matter of researching the market and deciding which option is the best for you.
