Business on resale of goods: where to start and possible risks

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The business of reselling goods is suitable even for beginning entrepreneurs with a small start-up capital. Its essence is quite simple: when goods for resale are purchased, a markup is put on them for end customers. Askar Rakhimberdiev, CEO of the cloud service "MoySklad", told how to analyze the market and competitors, find suppliers and sites for implementation.

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Content:

Features of the resale business
Market and competitor analysis
Start-up capital
The most profitable products for resale
Search for suppliers
Venues for implementation
Advertising and promotion
Potential risks of resale business
How much can you earn by reselling goods
Results


Features of the resale business
Like any business, reselling other people's goods nigeria whatsapp phone number has its advantages and disadvantages:

Easy start. The entrepreneur will not have to spend his own money on purchasing equipment and hiring personnel. He will only need to find the necessary amount to register an individual entrepreneur or LLC and spend money on the first purchases of goods.
Large assortment. No need to develop and create collections, the product is released and prepared for sale by the manufacturer. The main thing is to choose the right assortment.
Independent choice of markup in accordance with the market situation and competition. Earnings depend on its size, but remember: if the markup is too high, customers will go to competitors.
Flexible working conditions. For a resale business, you don’t need production facilities, sometimes even an office. All you need is a computer or smartphone to communicate with suppliers and customers.
High mobility. If necessary, you can quickly start or close your business.
The need to independently search for suppliers. You will have to find partners who supply high-quality and popular goods exactly on time and in the required volume.