The number of people looking for ways to earn money from home online is growing rapidly. Reselling liquidation inventory is a very effective way to accomplish this! A growing number of business-savvy individuals are starting their own businesses to buy and resell this inventory. In the wake of COVID-19 concerns, working from home is becoming an increasingly attractive option. It is possible to work from home online in other ways, such as providing transcription services, reviewing products, or even teaching. It is possible, however, to avoid working gig to gig if you have a quick and scalable business. Researching the options for becoming a reseller will make it easy for you to get started. Why not earn some money while you are browsing online anyway?
What is reselling?
Retail arbitrage is the basis of reselling. An example would be to purchase products from a retailer at a lower price and resell them. It is a concept that has the potential to earn you quite a bit of profit since there will always be a consumer demand. A resale requires you to pick up merchandise and resell it, such as on online markets or in brick & mortar discount shops. Many online resellers will purchase merchandise in bulk quantities and then resell individual items on commerce sites such as eBay or Amazon- for a profit.
How to Become a Reseller
It’s easy to become a reseller and anyone can do it! Whatever your goal is: adding some extra income to your income, or turning it into a full-time job, you can follow the same steps.
Get a reseller certificate
Reseller certificates prove that you are a business and intend to resell the items you buy, but they also provide more information. A resale certificate allows you to use your business to purchase goods without having to pay local sales taxes. As a seller, it’s your responsibility to collect the tax from your customers. The benefit of this is that your business will avoid sales taxes, allowing you to pass those savings on to your customers. You can also expand your business by buying more products.
It’s that simple – you’re now a reseller! By following these two steps, you can resell nearly anything and start making money.
Finally, you can use BDSTX to meet all your inventory sourcing needs. Learn more about buying return pallets, or get your business started by reading our BDSTX Buyer Blog. By utilizing dozens of top retailers and manufacturers around the world, BDSTX offers heavily discounted products so that you can become a reseller.