You can earn many business opportunities on the internet. One of them by becoming a reseller. This business model is perfect for those of you who are beginners, are starting a business for the first time, and have limited capital. What are resellers? Please find out more about the advantages, how it works, and examples of resellers in this article.
What is a Reseller?
A reseller buys products from manufacturers (suppliers) and resells them to consumers. Reseller profits from the difference between the purchase price and the selling price of the product. Suppliers usually provide a minimum purchase requirement for the first transaction to get a cheaper purchase price.
Advantages of Being a Reseller
1. How to Quickly Start a Business
Becoming a reseller allows you to start a business faster. Even though you only have limited capital, you can start whenever possible. Moreover, being a reseller does not have to have a physical store, prepare raw materials, produce goods yourself, and so on. You can sell directly through e-commerce, such as Shopee, Lazada, Blibli, etc.
2. Flexible and Can Be a Side Business
Online business with a reseller system is very flexible. You can manage it at any time via smartphone, tablet and computer. You don’t even need to spend special time like other businesses. In other words, being a reseller allows you to have a side business. This is perfect for students, homemakers, and even office workers who want to have a side business and earn extra income.
3. Can Sell Many Products
To get more profit, you can sell various types of products, you know. It’s just how your research determines which products are trending and much sought after by consumers. Some of the products that most resellers sell today, for example, beauty product resellers who not only sell make-up products but can also sell skincare products, hair care, make-up equipment, foot care, body care, and so on.
4. Small Capital and Small Loss Risk
With a small capital, you can already do business and market products from suppliers. You can also do this business without the need to keep a lot of product stock. The trick is you display a variety of products that are sought after by consumers. Then when a consumer buys and has made a payment, all you have to do is buy the product from the supplier. This method can also minimize the risk of losses due to unsold stock.
5. No Need to Create a Product from Scratch
Earning income on the internet as a reseller keeps you away from production processes that take time, effort, and capital. You only need to buy ready-made products from suppliers. Even if you want to make it more attractive, you can repackage it with a prettier and more attractive design before sending the product to consumers. Some suppliers even provide finished products without a brand for resellers who want to sell products using their brand.
Are you interested in starting your own business more easily? If so, I hope the understanding and benefits of being a reseller in this article can inspire you. After knowing what a reseller is, now is the time to find out how it works, so you have a complete picture. Come on, read How Resellers Work and Examples.