Top Online Reseller Business Opportunities
Share With Your Friends
The idea of starting a business is exciting. If you’re looking for a business opportunity that offers flexibility, has minimal financial risk and incredible profit potential, and allows you to work from home, starting an online reseller business may be perfect for you! In this article, you’ll learn about some of the most profitable reselling business ideas. Plus, learn the benefits of becoming a reseller and how you can get started in the reselling business.
The Advantages of Becoming an Online Reseller
Here are some of the many advantages of becoming an online reseller.
- Low Investment.
Majority of online reseller business opportunities require only a minimal investment to start.
- Minimal Financial Risk.
Because all of the money you spend to get started goes into buying inventory, there’s minimal financial risk involved. If you want to quit, you can simply sell of your remaining inventory to recoup all or most of your investment.
- Incredible Profit Potential.
Reselling provides incredible profit potential. Buy items for cheap and price them to make a profit.
No other career choice or business opportunity offers as much flexibility as starting an online reseller business. Seasonally, occasionally, part-time, or full-time, you can set your own schedule and level of commitment as determined by your ambition and goals – not your boss’ or anyone else’s.
- Work from Home.
For people wanting to work from home, becoming an online reseller is a great choice, because most reseller businesses can be operated and managed from home.
- Minimal Skills Requirement.
With the exception of a few specialized products (e.g. antiques), there are few skill requirements necessary to launch, operate, and succeed in an online reselling business. This is a rare chance where motivation and ambition are more vital than special skills.
How to Get Started
Whether you want to start an online reseller business as a full-time venture or as a secondary source of income, you’ll need to plan your business to succeed! Here’s a basic overview of some considerations to help you get started.
- Choose the type of reseller business that you want to launch.
There are many types of reseller business opportunities that you can start. So, first things first, make sure to identify which type of reseller business is right for you. We’ll provide you with some reseller business ideas below, so make sure to keep reading!
- Identify the industry you want to start your reseller business in.
It would be to your advantage if you have some knowledge about the industry you want to start your reseller business in. It would be much easier if you know the manufacturers and products that you’ll be working with. If you want to start a reseller business in a new industry, make sure to do your research first. Ideally, you should look for product that you feel passionate about.
Reseller Business Ideas
As a reseller, you can virtually sell anything! Whether you’re just getting started in the reselling business or if you’re looking to expand, here are some reseller business ideas that you should consider.
- Health and Beauty Products
Health and Beauty Products are still the top selling product categories in the Philippines for years. Consumers, mostly women, are on a journey of exploration. They are enjoying new products and finding new brands. This is part of a larger generational shift of younger consumers rejecting the large brands their parents preferred and seeking out locally-made, artisanal, natural products in all consumer categories. The need to be Instagrammable at all times also helps. Health products on the other spectrum are on demand presently due to the impact of Covid-19. Everyone is concern about their health to protect themselves from corona virus. Contact us if you are interested to start an online reseller business.
Reselling clothes is a huge opportunity with a broad market that includes men, women, and children of all ages. When starting a reseller clothing business, you can test a few different clothing niches at a time (e.g. clothes for women’s, children’s clothes, etc.) and decide which one works best for you. You can remove low-performing products without any cost to your business, and add new products as they come into fashion.
Love old items such as glassware, furniture, and jewelry? Consider becoming an antiques dealer! You can buy antiques to resale at thrift shops, estate sales, online marketplaces, secondhand shops or flea markets and then resell them online. Antiques is a broad subject though, so make sure to pick an area in which to specialize. The best way to sell antiques is directly to collectors via shows, associations, and clubs. Aside from selling to collectors, you can list them on eBay, Amazon, or on online antique marketplaces.
- Pet Supplies
Pet supplies can range from pet clothing, accessories, to pet food. With so much to choose from, starting a reseller pet supply business is an excellent idea! Cat and dog accessories and toys are obviously the most popular items to start with, but starting a pet supply reseller business offers limitless opportunities! As your business grows, you can branch into other pet supplies that meet every need of pets, such as those of fish, birds, and other pets.
- Car Accessories
Starting a reseller business for car accessories can be very profitable if you understand your market. Research what your customers want and source them from trustworthy sellers to make sure you always get positive reviews. You can resell car covers, car seat storage bags, air fresheners, car chargers, car seat back hooks, phone holders, automobile cleaning kits, steering wheel covers, hand brake covers, headrest pillows, car sunshades, and many other car accessories.
Reselling books can be a profitable business either online or at thrift shops, flea markets, etc. Consider specializing in a type of book, such as cookbooks, comics, or textbooks. Also, you have the potential to hit the jackpot if you special in rare books, such as author-autographed copies or first editions. Today, there are countless books available at rock-bottom prices – you can buy them at online marketplaces, library sales, secondhand shops, etc.
Even better, few people take the time to determine the true value of the books they’re selling, and because of this, many valuable and rare books can be purchased in the process. For instance, you might stumble upon a first-edition copy of The Adventures of Sherlock Holmes by Arthur Conan Doyle – you may be able to buy it for cheap and resell it at a high price to a collector!
- Computer Parts
Computer parts include monitors, input devices, hard disks, external storage devices, cables, memory chips, and various accessories. You can resell computer parts from a physical store, an eCommerce store, on social media, or an auction site. Buy from wholesales and resell directly to business for upgrade purposes or to computer owners looking for quick upgrades.
Reselling occurs in every industry, including clothing, technology, automotive, food, toys, and more.
You can resell items online on your own website, on social media, or on an eCommerce platform such as Amazon or eBay. Plus, you can offer your resale items offline in retail markets, secondhand shops, thrift shops, flea markets, etc. Keep in mind that reselling doesn’t always include physical products – millions of dollars have been made reselling intellectual properties such as patent rights, small business, and services.
Contact us if you are interested to start an online reseller business.
The opportunities are endless!