How to ACTUALLY Start Reselling in 2024

Summary

In this video, the speaker outlines a lucrative strategy for making thousands of dollars weekly by reselling high-demand, one-to-one replica products, such as AirPods and designer clothing. They emphasize the importance of sourcing quality items from reliable suppliers, utilizing multiple online marketplaces for sales, and engaging effectively with potential buyers. The speaker shares insights on shipping, payment methods, and building customer relationships for long-term success. By fostering a community through a Discord group, they provide ongoing support and resources for aspiring resellers, encouraging viewers to tap into this profitable side hustle.

Takeaways

• 😀 Understand the potential of reselling one-to-one products for significant profits, with some sellers making $50,000 monthly.
• 🛍️ Focus on high-demand items like designer accessories (e.g., LV bracelets, spider hoodies) for better sales.
• 📦 Order products in bulk to minimize wait times and maximize efficiency in reselling.
• 💰 Calculate profit margins carefully; for example, buy items for $450 and sell them for $100 to $375 each to earn substantial profits.
• 📸 Take high-quality photos of your products to create appealing listings, including pictures of tags and serial numbers.
• 🌐 Utilize multiple selling platforms such as Facebook Marketplace, eBay, and Depop to increase visibility and sales.
• 🔍 Explore new and less saturated platforms for reselling, like 'Plug,' to find unique opportunities.
• 🏪 Prioritize safety when meeting buyers in person; choose public places and consider bringing someone with you.
• 💡 Build long-term relationships with customers instead of focusing on one-time sales for sustainable business success.
• 🤝 Join communities like Discord for networking, gaining supplier access, and sharing knowledge with fellow resellers.

Q & A

What types of products are recommended for reselling?

The speaker recommends high-demand items such as AirPods, designer bracelets, spider hoodies, and E shorts, which are appealing and have good profit margins.

What does 'one-to-one' mean in the context of reselling?

'One-to-one' refers to replica products that closely resemble authentic items, often produced in the same factories, but are not officially branded as such.

How can I find reliable suppliers for these products?

The speaker suggests joining their Discord group to gain access to reliable suppliers that offer competitive pricing for the products.

What is the suggested method for placing orders?

It is recommended to place bulk orders of 3 to 5 items, or more if financially feasible, to reduce shipping time and maximize profit potential.

What platforms are best for selling resold products?

The best platforms include Facebook Marketplace, OfferUp, eBay, Depop, and Merari, as well as StockX and Goat for clothing items.

What precautions should I take when meeting buyers in person?

Always meet in public places during the day, consider bringing a friend for safety, and avoid sharing personal information like your home address.

How should I price my products for resale?

Prices can vary, but the speaker suggests selling hoodies for around $100 or more, with potential profits reaching up to $375 per item depending on the market.

What are some effective strategies for marketing my products?

Take high-quality photos of the products, create engaging listings across multiple platforms, and leverage social media to reach a wider audience.

Why is building customer relationships important in reselling?

Building relationships with customers leads to repeat business, which is essential for long-term success, as it creates a loyal customer base rather than relying on one-time sales.

What are some common pitfalls to avoid in reselling?

Avoid viewing customers as mere transactions, failing to ensure product quality, and neglecting to research market demand. Building a good reputation and providing value are crucial.