The Art of Buying and Selling for Profit Online

Do you think you are the next Alan Sugar or Donald Trump? Have you ever considered yourself a good sales person or a smart middle man to make profit from deals? Could you sell ice to an Eskimo? If your answer to the above is yes then you can read further to make your life easier and earn a lot more, and if you are not good at said things then there are still chances for you to earn money.

Now, What If I tell you that you can earn money by being a middle man to sell goods online? Seems unrealistic but it is true and now a day a lot of people are earning a handful of money from these deals. All you need to do is be a good observer, seller and have a sound mind to invest in some goods with higher demand.

Thousands of people have discovered out that they can make money online and there are tons of people out there that are making tons of money and many people are even making a six figure income just from buying and selling online. The best thing about it all is that you don’t even need your own website.

Buying and Selling is not a new found concept and has been going on for years. People have been doing it for thousands and thousands of years.  The only big major shift is going from a brick and mortar store to a completely internet based business.

The Infrastructure
The first thing is to know how it works, and it is pretty simple. You observe market for some attractive and cheap deals on anything of daily use or luxurious item and then make it more attractive and sell for the higher price. It is not as easy as it looks, but once you get to know the tactics and the key-points, there would be no turning back from this job.

You can earn thousands of dollars from this work to run your household smoothly and even saving some money for the future.

There are two methods to do this work. You can buy the goods and make it deliver to your doorstep and then sell it afterwards, or you can simply buy the goods pay the seller and make the product delivered to the buyer’s address. The second option needs a lot of cooperation from both the parties, so it is not advised if both parties are unknown for you. We will talk more about the second option later on in this article. Let’s get deeper into studies about how all the things should be performed.

The power of the internet is truly amazing. Through the internet you can sell to people you couldn’t even think about reaching. You can sell to people in multiple countries. Your online store would always be open 24/7 whereas a traditional bricks and mortar store would can only be opened a limited amount of time during the day.

What and from where to Buy?

The basic thing is to decide the things which can bring a lot of profit without making much effort to find a buyer. Narrow down your search by thinking of a product that is highest demand in your selling market and make sure to provide the best quality by purchasing the best quality. You can have a survey to get to know f there is anything which is higher in demand and is not available easily and buy it in bulk.

By buying it in bulk quantity, you will get the things on even more discounted price, and by selling the goods piece by piece will give you more profit than any other seller.

The other basic thing is to opt for the reliable seller as there are lots of scam on amazon.com, alibaba.com and all other trading websites. Try your best to buy from reputed seller; the price might seem higher from other sellers but in the long run you would be secure of getting the original product.

Another great place to find cheap items to buy to sell for profit is iOffer.com. This is a great website which is full of electronics like tablets, laptops and smartphones while they also sell jewelry, designer clothing and shoes.

There is a method called Drop-Shipping. Drop-Shipping is a very simple concept. You buy the products from a wholesaler or supplier and then the supplier will ship them on your behalf, but your customer will think its sent from you and will have no idea that you are using a third party drop shipper. A wholesaler is someone who is your supplier in basic terms, for those of you that didn’t know.

You can buy and ship almost anything through a good drop shipper and the best thing about it all is, your customers won’t know you are not shipping the products. You don’t to spend money on finding storage for your stock because it will all be done for you!

A good wholesaler/drop-shipper to use is Chinavasion. They have all the latest technology and sell electronics and gadgets. Drop-shipping is a great system and enables you to make a ton of money. You might be thinking, ‘how am I going to afford all this, it must be expensive!’

The answer to that is, no it isn’t! The great thing about Chinavasion is there isn’t any minimum quantities you have to purchase and you can even just buy a couple to test the waters. Chinavasion do not charge any drop-shipping fees.

Its very simple to get started drop-shipping on Chinavasion, all you have to do is make an account and just change the delivery address to the customer’s address and they will ship it for you. Its that simple!
How to advertise to sell?
After getting the product at your doorstep, make a strategy to sell the items and capture a limited but more interested buyers circle. If the product is in huge amount then you can advertise first to sell your sample; this will give buyer an idea of the quality and you will get more good response in future. If your sample gets approved then you can sell the whole amount of items. If your circle gets going then you can earn a good amount of money out of this business by investing almost nothing.

Some great places you can sell your products can be eBay. eBay is the worlds most popular online auction site. Thousands and thousands of people visit eBay everyday to grab a bargain. This auction site is vastly popular and if you list your products on here, you will benefit a lot from it.

It is very simple to start selling. All you have to do is open a sellers account, verify your personal details and start listing your things that you have to sell.

To list on this site, eBay take a small fee to list on the site. The fee ranges on how much you price your listing, the more expensive it is, the more you will have to pay. Once your item has sold, you will also have to pay a small final value fee. A final value fee is a small percentage of the final sale price that eBay take when the listing has finished.

Once you get in your groove by selling on eBay , you get access to the sites advanced selling features such as Selling Manager pro – to track your inventory and selling, Turbo lister – which helps you list your auctions much quicker and Blackthorne which helps you list in bulk among other things. To learn more about selling on eBay, click here.

You can also sell your products on Amazon. Amazon is an amazing site that started by selling books but they have expanded into electronics, toys, games, sports equipment, car equipment and anything else you can think of really. The thing with Amazon is you can only sell stuff that Amazon have themselves.

You can make your own store on Amazon that customers can visit and buy things from. Amazon also have this service called Fulfillment by Amazon. Fulfillment by Amazon is where you pay a small fee to Amazon and they will stock your products and send them out for you on your behalf when you receive an order. So you don’t have to do anything at all!

Another path you could take is creating your own website or e-commerce store. This isn’t as hard as it sounds. Open an account with Freewebstore.org. Freewebstore helps you make a full functional e-commerce store that you can fully change around using their simple tools. You can easily add products to the store. All you need is a domain name. You can get your own domain name from Go Daddy.

Using WordPress you can open an e-commerce website as well. WordPress is a free to use open-source content management system. A content management system is something that helps you add content, make a website/blog. Basically a content management system helps you manage content. All you need is a domain name from Go Daddy. You will also need a hosting account to host your new website on. Bluehost is one of the best hosting websites to use because of its exceptional customer service and ease of use. Once you have done this, you now have your own website!

Next install a plugin called WooCommerce. Plugins help enhance your WordPress site and make it function better. WooCommerce is an amazing plugin from WooThemes that turns your normal site into a full e-commerce store.

You now have your own e-commerce store. Its up to you what you sell in there.

You can also use Gumtree and Craigslist to list your stuff on. They are classified ads websites on which you can list your products and items on. The good thing about these websites is that they are completely free to use.

Dos and the Don’t
Like any other business in the world there are some precautionary measurements to be taken care of, and some things which should be avoided in any case. While buying something to sale, make it sure that you are not buying a product which is fragile, has an expiry date, edibles or any things which can be damaged during the transfer from one place to another.
The other thing which should be avoided is to make sure that you are not opting unsafe method of payment. Use an authentic method for buying and selling to make the deals smooth and less hectic. While pricing the item to sale, always remember all the expenditure you have made on the item, and to make it sure that you are getting paid for all your effort and hard work

When choosing and selecting payment methods I would recommend using PayPal only. PayPal is one of the safest methods used for paying and it is really secure. Don’t use other methods like Western Union as it can get risky.

If you want to take it serious then turn your online ventures into a brand. Get a logo, Get a unique business name with a matching domain name and you will be set. Use the same brand name that you use on different platforms. Get social accounts going on Facebook, Twitter and Google Plus. Start sharing content on the Social networks. For more advice on Social Media, check this article out.

There can be many challenges involved in selling online. What if you can’t get the stock? Where will you store your products? What do you do if someone wants a refund? These are all factors your going to have to figure out yourself. This articles just about buying and selling online.

Jokes aside, once you get started, you’ll figure out how to do it. If you follow and implement the tips in this article, you will start to make more money than you could think of. If you have any questions concerning this topic, please get in touch and we will be glad to help.