Reselling Goods Online – Internet Jobs

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Reselling Goods Online – Internet Jobs

Reselling isn’t just for yard sale moms and crooked used car dealers anymore.  Reselling items can actually be a very profitable way to earn some extra cash in your spare time, while building basic business skills that will stay with you for a lifetime.

Consider some of the common obstacles that came along with reselling items in the twentieth century.  This usually consisted of people rummaging through their garages and basements while looking for things they didn’t want anymore, putting all of that stuff out on tables in their yards, and then sticking a sign up at the front of the neighborhood with the hopes of drawing in a Saturday morning crowd.

One of the basic problems with the old business model was simple: there were never enough people looking at all that stuff.  Sure, there might have been a great pair of size seven baseball cleats at a super-low price at Mrs. Smith’s yard sale, but if the only ball player that showed up that day was a size nine, then those cleats just went back to the basement.

Today things are a lot different.  The rise of the Internet has given way to some great resources available for teens that are thinking about starting up their own reselling business.  No more does one have to worry about finding a buyer for those size sevens, because now there are ways to put those cleats up for sale so that the entire world can check them out.

Let’s take a look at some of the most popular ways to move your items in today’s online marketplace.

 

Ebay

Founded in 1995, Ebay is one of the most successful online consumer-to-consumer marketplaces in the world, and for good reason.  Ebay’s platform allows sellers to list their items for sale in either an auction-style or a fixed-price format.  This helps the seller determine how much they need to make, and what their bottom-dollar price for each item should be.  Ebay also has several seller protection features in place, making selling on Ebay a secure and fun way to move your goods.

 

Kijiji

Kijiji is a popular classifieds website that has been around since 2005.  It is actually a subsidiary of Ebay, and is known as Ebay Classifieds in the United States.  Kijiji helps people move their goods by allowing them to post classified ads in the appropriate sections based on the regions surrounding the seller.  You can choose to post your ad for free, or pay for extra features that may draw more attention to your item.  These features allow you to have more control over how much you spend to list your item.

 

Craigslist

Craigslist is a free classified ads website that has taken the reselling market by storm.  This site is great if you’re on a low budget and you want to get your items out there for the world to see, only it can take a little work on your part to make sure that your listings stay relevant.  Items that are listed in search results are sorted by date, so if you post an item one time and then wait a day or two, it could get lost in the search results.  This is why it’s important to keep reposting your item every few days to make sure that searchers can still find it.

Reselling old items online can be a great way to refine your business skills while making a little money on the side.  You’re not limited to the things in your house, either.  Some online resellers will visit neighborhood yard sales after the sale is over and offer to purchase the remaining items for a bulk price.  Oftentimes people are just trying to clean house and will let their items go at a huge discount, thus supplying the reseller with plenty of products to list online for a premium.  This just goes to show that reselling can be as profitable of a business as you want it to be!

 

Job Summary: Reselling

  • Suitable for age range: 16-99 years old.
  • Safety and security: Depends on the website.  Selling on Ebay has minimal risk, because all transactions are through the postal service.  Kijiji as well as Craigslist classifieds require the buyer and seller to meet, posing a potential risk.  You should always take an adult with you to a public place during daylight hours whenever selling items through these two websites.
  • Can improve your: Math, financial and marketing skills, as well as your small business skills.  Learning about the importance of bottom lines and profit margins when selling your items will help you become an efficient business owner in the future.
  • Can continue as a career? Yes, many people make a great living by reselling items online, but it’s usually done on a very large scale.  Sometimes owners of flea markets and pawnshops will supplement their incomes by listing items online as well as in their stores.
  • Required soft skills: Communication, tracking sales, assessing profits and/or losses, working with numbers.
  • Required hard skills: Keeping up with multiple transactions, staying organized, financial accounting, and budgeting for online fees and sales tax.
  • Resources and network:

o   Entrepreneur.com – How to buy and sell products for a living

o   Ebay

o   Kijiji

o   Craigslist

  • Where & how to find one? Getting started in the business of reselling is as easy as collecting the things that you’re willing to sell and listing them online.  If you’ve already cleaned out the basement and still want to grow your business, consider talking to friends, family and neighbors about taking away their old, unwanted items.  Your business can grow as much as you want it to!
  • Estimated pay: Your pay will depend on a number of factors.  If you’re selling items that you already own, you’ll basically be making your sales price minus any listing fees and sales taxes that will be applicable.  If you’re purchasing items from other people and then selling them for a premium online, you’ll have to consider the original purchase price versus the final selling price to get an idea of how much money you’re actually making.

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