A reseller business allows you to resell products bought from manufacturers to customers. The reseller dropship business model is affordable, making it a great option for new entrepreneurs. As a reseller, you're essentially the middleman between the manufacturer and customers.
What is an eCommerce reseller?
A company that purchases services or goods for resale rather than consumption. In ecommerce, this can often apply to an affiliate marketer. ... A reseller will buy goods for resale and make a profit, a retailer purchasing goods from a manufacturer that he will then sell on to his customer for a marked up price.
Ways to Succeed as a Reseller on BARAK ESHOP
Choose a low-competition product. There are two ways to approach reselling on barakeshop: ...
Offer a low price on a high-competition product. ...
Select quality products. ...
Sell high margin products. ...
Create an inventory strategy. ...
Build a brand.
Here are some of the most beneficial tips that will help you make it as a reseller:
Be Honest. Honesty is always the best policy when you're trying to run any business. ...
Be Professional. If you're planning on reselling items entirely online, then expect the unexpected. ...
Buy Low. ...
Remain Detached. ...
Don't Cheat Yourself.
10 Tips On How To Be A Successful Reseller
1. Know your numbers.
It’s important to keep a clean excel sheet on what you sold, when you sold it, how much it cost, and how much profit you make off the pair; that way you can look back and see how well you did on a monthly or yearly basis and see which products did well for you.
2. Silence is golden.
The less they know, the better.
3. Consistency.
Being able to make sales and cash flow on a consistent basis are important to a small business; find products that you can sell on a daily basis (read: not just “heat”) will allow you to build up clientele and build relationships.
4. Stay relevant on social media.
Going along with consistency; upload at peak hours, post everyday if you can, keep your posts in the feed; keep the IG/twitter clean, interact with your followers, and add a little personality to the profile while you are at it!
5. Be knowledgeable on the current prices.
The Internet has so many price guides now, aside from eBay, a lot of selling sites and apps keep tabs on what’s being sold at what prices, making you a more informed seller.
6. Fulfill orders.
Sometimes things happen out of your control and you cannot fulfill an order, I believe that you should try your best to source them from another seller or a friend just to fulfill the order, finish the order even it means taking a minor loss at times.
7. Print labels online.
We are in 2016, the hand written label days are over, welcome the clean black and white print labels and easy tracking scans.
8. Buy supply in bulk.
Boxes and tape are two of the most important tools in an online resell business. If you can find a deal to stock up on both, go for it. Personally I keep 14x10x6, 16x10x6 and 18x12x6 boxes on deck at all times.
9. Promo goodies.
Stickers and other promotional items have minimal cost in the long run, and c’mon, everyone loves free stuff, especially cool items that they can use to rep your brand.
10. Communication.
Weed out the bad ones, keep your unread email count low, keep the good regulars happy, check in on them from time to time; it all comes to come down to communication.
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