We depend on our smartphones for nearly everything. It is the one thing we never forget taking with us wherever we go. It is because of the many services that the device offers access to us. Apart from carrying out various activities, you can use it to earn money from home. Before you back out because of a lack of skills and investment, think again.
Internet is a vast space that allows people from different backgrounds to do unique things. One such opportunity is that it has opened as a reselling business. You buy and resell products online to make extra income. It enables you to act as the mediator between the manufacturer and the customers. Read to learn how to use it.
Set up an account: There are many reselling apps and portals that have distinctive features and services. Choose the one best suited for you and download it from Google Play Store. Once done, you register yourself and create a reseller account by entering the required information. Then you start listing the products and sharing the catalogues you wish to sell. This process requires a simple registration which gets completed in minutes.
Choose items to sell: You get a variety of collections to choose from on the reselling apps. This could get confusing at first if you have not decided what to sell. It is not necessary to select everything you find. You can create a business plan to simplify the process. For instance, select categories that are familiar to you. It could be clothing, shoes, home supplies, etc. This way, you can sell different styles that are in demand.
List the categories: After finalising the product line you are comfortable with; you can display them on your reseller portal. The apps allow you to create a space where you can list them. Uploading catalogues of the same is upon your discretion. You can categorise them into single or multiple sections to suit the targeted customers.
Research market value: Now, you may wonder how to earn money from home? How does the app let you do that? It uses the simple principle of profit margin. It is the markup that you set against the product price to get a commission. The products available on these apps are generally priced low as they get sourced from the manufacturer.
So, you can scale up its rate to earn profit. However, it is best to learn about the market standards to set your margin accordingly.
Conduct marketing: Besides listing the products, these apps let you share the catalogues with a click. It is a helpful service provided for marketing the items by either downloading or directly sharing the record. You do this on social networking platforms like Facebook, Instagram, WhatsApp, etc. This helps you leverage the network of your friends and family to build a market. You may also create social media pages and grow your network naturally.
Engage for feedback: Just like any other business, reselling lets you earn money through network building. As you are not involved in manufacturing, inventory management, shipping fulfilment, etc., your sole job is to sell. It involves more than sharing product details and receiving orders. You have to actively talk to the customers to grow your business and improve with feedback.