Q&A: Is there an easier way to start reselling?

Notes from Chris

Episode 1698

If you’ve listened for a while, you may have heard me talk about reselling. I often mention it as the easiest, simplest, and quickest way to enter the side hustle world—notice that none of those adjectives means it’s the best, but that’s okay. Maybe I just have a soft spot for the first business I ever had—or it’s that twenty years later, it remains just as accessible.

But hey—it’s not for everyone, and it can be a lot of work … as today’s caller points out. He’s looking for a shortcut.

"You talk about reselling a lot, and I enjoyed the story of Jake in The Money Tree. I understand that it's relatively simple to buy things at yard sales (for example) and then sell them online for a higher price. But it seems like a lot of work! There are so many tasks and mini-projects involved, from doing the research to acquiring the items to listing them for sale, buyer communication, accepting payment, and then finally shipping out the items. For a business that doesn't seem terribly lucrative, is there an easier way? Or is it just the kind of thing where I'll get better and faster at once I start doing it?"

Listen to today's episode to learn more...

 

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SEE ALSO:

• Q&A: Any tips for buying stuff at flea markets to resell?: Reselling is the easiest way to get started making money outside your job. What are some tips to get started, and how can you find items to buy and sell?
• Q&A: Is reselling gift cards a viable idea?: Today’s listener is thinking about buying and reselling unused gift cards. It sounds like an interesting idea, but is he missing something obvious?
• Q&A: Can I resell items I get for free?: Today’s listener received some free display equipment at a trade show. Can he resell it without worrying, or does this create an ethical dilemma?

Inspiration is good; inspiration combined with action is better. Now get back to work!

Yours in the revolution,