10 Best Reselling Business Ideas For You 2023
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With the rise of e-commerce and online shopping, it’s become much easier than ever for people to buy goods. In fact, nearly half of people now shop online. You can also take advantage of this trend by starting a reselling business of your own. Reselling is a popular business model that allows you to sell products without actually buying them. This means you need no investment, no warehouse and no products to get started. Just choose one of the idea out of these 10 Reselling Business Ideas and you are good to go with it.
What is Reselling Business?
A reseller is basically a middleman between a manufacturer and a customer. Some of the reselling business requires you to buy products from a wholesaler and then sell it with your margin in its price. However, not all reselling business requires you to buy the products. Dropshipping is one such reselling business model where you don’t need to buy anything on your own. Affiliate marketing is another such business model where you can make money by promoting other people’s products and services and getting a commission in return. The more sales you do on your end, the more you will earn money.
Pros of becoming a Reseller:
- You can start your business from anywhere in the world.
- You don’t need to invest in any inventory.
- You can earn high commissions.
- You can sell anything without having any product of your own.
- You can sell any type of product.
Top 10 Reselling Business Ideas:
01. Dropshipping Business:
Dropshipping is a reselling business model where you don’t need to buy anything on your own. You just need to find the right supplier who can dropship the product to the customer. You can sell anything with a margin on it and can sell anything from fashion accessories to electronic gadgets to sports goods to food products. This is a very popular reselling business model as you can have your own branding here too.
02. Luxury Handbags Reselling:
Whether male or female, everyone on this planet loves to have a luxury handbag or purse. There are many famous brands that can pay you money if you are able to sell their products. You can sell any kind of luxury handbag or purse by adding your margin to it too. As bags don’t have fixed printed rates you can add your margin easily in it and can run your reselling business smoothly.
03. Jewellery Reselling:
People like to wear jewelry on day to day basis, at functions, festivals and other occasions. You can take benefit from this and can easily resell them to the right customer. There are many reselling apps that you can use for this like meesho, glowroad by amazon and many more. You need to be updated with the latest trends in jewelry so that you can sell more of them and earn a good amount of money.
04. Clothes Reselling:
We are living in a generation where people like to wear branded clothes and showcase their fashion to everyone. In this scenario, this idea will be best for you than other reselling business ideas, if you start selling branded clothes you can easily become a successful entrepreneur. You can resell all types of clothes like men’s, women’s, kid’s and even children’s clothing. You can earn a really good amount of money from this business as clothes are in demand and will be in demand for years to come.
05. Books Reselling:
Books are the most selling products in the world and if you start reselling books you can earn a good amount of money. You can either sell specific niche books like fiction, non-fiction, biographies, etc or you can sell any kind of book. To become a good seller in this niche you need to have a competitive price for your books and also have a piece of good knowledge of what types of books are in demand in the market.
06. Furniture Reselling:
People like to decorate their homes and offices with furniture. The right furniture and decor can make your home look beautiful. The best and most effective way to earn money by working as a furniture reseller is by purchasing second hand furniture at a cheap price, modifying it and selling it at a great margin on online portals or local classified.
07. Shoes Reselling:
Shoes reselling is one of the most growing businesses in recent years. Anyone having knowledge about shoes and their fashion trend in the market can create a business in shoe reselling. You can sell any type of shoes like sneakers, designer shoes, or any other type of footwears. Just get a seller for shoes and then you can make an online site or you can promote and sell their shoes from your social media handles and can earn a commission based on the number of shoes you sell.
08. Makeup/Beauty Items:
Many people are earning a very good amount of money in the makeup or beauty products reselling business. People are buying beauty products to enhance their personalities and this is where you can fulfill their demands with your products. There are many apps from where you can resell beauty products by adding your margin in that. You can choose any one of them and you are good to go.
09. Fitness Products:
Fitness industry is booming industry and many people are looking for products that can help them be fit. Protein powder, peanut butter and other fitness products are becoming people’s favorite and they are buying them in bulk due to their demand. You can start your online store or you can sell these products through your link so you can earn per sale you made through your link.
10. Soft Toys:
Toys are loved by people of every age and in every place in the world. They don’t have a fixed price and you can sell them at your own price after adding your margin to them which makes it . You can take products from Meesho, Glowroad and many other platforms from where you can sell toys without actually owing them. This is a very profitable business model as you have a broad customer age group as people from any age group can buy toys.
How much resellers earn:
According to Glassdoor, on average people earn around ₹10,000 – ₹15,000 per month through reselling in India. You can always increase your earnings once people will start addressing that your products are genuine and they are happy with your products. In affiliate marketing, you can earn different commissions for different products, but on average you earn a 10% commission on a product sold by your link.
Conclusion:
Reselling is a business model where you don’t need to develop your own product nor you need to own any product to sell them. You just act like a middleman between seller and consumer and earns money for this. You can choose any reselling business ideas we have talked about above and you can start your own business over them.