The Only Resources You Need to Start Reselling from Home

1. The Only Resources You Need to Start Reselling from Home! Like many people, you’re probably thinking about reselling items onlineto bring in some extra income during these uncertain times. Whether you’re looking to build a full-time career as a reseller or simply want to pursue a fun side hustle to bring in some cash, reselling items online can open doors to many opportunities! In simplest terms online reselling means finding desirable items at a discounted price, purchasing them, and selling them for profit to somebody else. Often called ‘online retail arbitrage,’ this business is all about buying low and selling high. And to succeed in this industry, you need to have a few resources in your arsenal: A list of places to source Make a list of stores in your area from which you can buy items to resell. It’s important to be organized and have a system for documenting what items are available where. Some of the places worth looking at include garage sales, Facebook Marketplace and similar buy and sell groups, estate sales, church sales, flea markets, charity thrift stores (including Goodwill), mom and pop thrift shops, moving sales, and Craigslist. You can also potentially get some items from other local resellers. This means networking with other people who are in this business who can let you know about shops and garage sales that may be selling the items that you specialize in! A list of selling platforms that suit your sourcing opportunities Once you know where to get your items, you then have to list selling platforms that are a good fit for the items that you’re able to regularly source. For example, Poshmark and eBay might be good if you are reselling a lot of clothes. You might do well on BookScouter and Amazon if you are reselling books. Offerup and Letgo are great for items that are big and difficult to ship. Organize a list of what items you intend to sell and where to sell them. Don’t overwhelm yourself if the list becomes too long. You can focus on one or two platforms that suit most of your sourcing opportunities and start with them. Simplifying the number of platforms you sell on will make it easier to cross-post and manage your items. A list of seller guidelines Lastly, you will want to read seller guidelines for eBay, Amazon, and other platforms that you intend to sell on. You want a reference that you can look at, so that you don’t violate marketplace regulations. This is an important resource for protecting your account in making sure that you don’t get banned!