What Do I Source?
This is probably the most popular question for anyone new to reselling. We asked this question many times when we were first starting out. Even though we have a few niches that work for us, we are always looking to new things/ideas for sourcing as everyone should. Evolution in this business is a must since nothing is guaranteed and changes occur quicker than you know.
When we first started reselling, we mostly focused on video games/toys as well as some vintage items. As we progressed a bit more, we started looking at ceramics/mugs. We never thought we would start selling clothing but eventually we did. As of today, we pretty much focus on anything that we feel we can make a profit on. We started on what we knew and enjoyed but then we branched out into other types of items and kept branching out. Even today, we are always looking at new things that we never thought of selling before!
"Anything can sell". This is very vast and open but so true in this business. We have watched other videos in our community and read posts on Facebook of items that we never even imagined could sell.
So the key here is to find things you know about and enjoy first to start selling. Once you have established a niche of your own, then you can branch out and expand to other categories of items to resell. The one thing we do enjoy about branching out is that we learn something new about all kinds of things. To us, that is the most fun (other than a profit of course!)
As an example, simply look around your house and pick up an item that you have lying around. Open one of your apps and search the item whether it be eBay or Amazon or ETSY.
If you are looking into retail arbitrage, check back on one of our future blogs about this one. It's a bit different than finding items at a garage sale or thrift store.
Using Apps To Help Source
Almost everyone has a smartphone nowadays. If you are thinking about reselling, this is a must have for your ventures in sourcing at least. Using apps to help source is great for looking for items at garage sales, estate sales, yard sales, thrift shops etc. When you are out sourcing for items to resell, you can always pull out your trusty cellphone and look it up on your selling platform of choice.
There are many apps you can use. This will be dependent on what platform you decide to sell on.
If you are selling on eBay or Amazon, you will want to download those apps to keep track of what your selling as well as looking up items that you are sourcing to sell.
If you are selling on Amazon, you might also want to check out the Profit Bandit app- You can have Unlimited Scanning for $9.99 per month. This is one of the most used sourcing/scanning apps for Amazon.
You can also download apps for Craigslist or OfferUp which are two sites that you can buy sell trade locally in your area.
We will have more about what online platforms you can sell on in Part 4 of this blog series.
Please check back for the next part in our "How to Get Started In Reselling/Picking" blog. We welcome any comments, questions or suggestions. Remember, we are still new to this so we are always open to learning more about this and sharing with others. Thank you for viewing our blog.