It seems simple: You buy products at low prices; you resell those products at a profit. Unfortunately, having a successful reselling business is more complicated than acting as a price-inflating middle man. As with any new business venture, reselling takes copious amounts of research before you can make your first purchase from a supplier. Here are some valuable lessons to guide you as you start a reselling business with a hope for success. Understand Your Product No reseller peddles everything. The reason for this is plain: No salesperson can come close to being an expert on every product under the…
How to Start a Reselling Business That Actually Succeeds
