Flip Inventory For Resale
While many ecommerce businesses trade only in new merchandise, there is a booming market for used, refurbished, and surplus items. Savvy ecommerce merchants can use public auctions, websites and classifieds to source valuable inventory for resale. The secrets to making a profit on resales are to:
- Stick with your niche, an auction is no place to expand into new lines; * Know the retail value of the items you're bidding on; * Never pay more than 25 percent of the retail value; * Beware of high buyers' premiums.
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