Have you ever felt like you need a new source of income? One that might not require you to give up on your free time and hobbies? Well luckily, reselling, aka “flipping” is an actual side gig that you can make a solid profit out of. However, you can’t just jump into a side hustle like resale without knowing all the basics. And this is exactly why we put together this guide. After all, who wants to miss out on the chance of making that extra cash? So, let’s jump in and show you how to resell anything, shall we?
How to Resell Anything – Simple Steps That Just Work!
If you wanna tap into the world of reselling, there are ground rules you need to set. After all, flipping, just like any other hustle, has keys for it to be successful. Now, we’re gonna save you the trouble of doing the research and show you the basic steps! In addition to that, we’re gonna give you some important tips that always come in handy. Let’s jump right in and check them out!
Pick Your Niche Market
If you wanna get into reselling, you can dabble in multiple things all at once. However, we recommend that you do that once you have extra profit to spare. But as a starter, we recommend that you choose one specific market to focus on. That way you will be able to focus your energy in one place and expand your knowledge there. And if you don’t know which market to pick, choose something that you are interested in. This will make it easier for you to integrate into the community of like-minded people!
Some examples of industries that might come in handy are sneakers, collectibles, Stanley cups, and more. You see, every industry has its fans, and someone is always willing to pay a lot of money for what they consider a grail. So study your options before you choose, especially when the options are all tempting! And if you wanna learn how to resell anything, might as well choose the right market.
Choose Your Items Well
Okay, let’s say that you chose the sneaker industry as your market of choice. Now, you gotta keep in mind that not everything is worth the investment. As much as we wish they were, a sneaker’s hype depends on many factors. From exclusivity to the names associated with them, there are a lot of things to take into consideration. Now, this applies to every industry you’re in, because everybody wants what nobody else has. So before you add an item to your list of must-haves, make sure you know if it’s worth it.
Keep an Eye on Trends
This definitely complements the previous point. You see, trends are always changing, regardless of the industry. The buyer’s behavior can change due to many outside factors. One of the most obvious examples is the change due to the COVID-19 pandemic. People changed their priorities, hence the buying patterns changed. And after the pandemic, those patterns changed once again.
Now, these are major and obvious changes, but they’re not the only ones. You see, sometimes these trends happen on a smaller scale and affect one industry. For example, the Stanley Cup rage blew up thanks to social media – TikTok specifically. So, if you wanna keep an eye on what the people are into, you’ll wanna keep up on the socials!
Pricing Study – The Golden Rules
The first rule if you wanna know how to resell anything is: buy low, sell high. Now, this is the general rule, but it has more nuance the more you think about it. You see, it’s a given that you’ll want to buy your items for retail when they drop. However, that’s not always the case. Sometimes you might manage to score some steals from other resellers. And that’s when you learn the art of putting an item on ice until the time comes for you to resell it for profit.
For example, when we talk about Yeezys, many are currently not worth the flip. However, when Adidas finishes its Yeezy stock, there will be no more drops. In other words, Yeezys will be a thing of the past and a collector’s item! So, in a case like that, it would be smart to hold on to your kicks because their value will probably go up in the future.
In addition to the basic rule, the other is not to overprice or underprice your item. Hence, we recommend that you tour the market to identify the sale margin of what you’re selling. That way, you don’t risk getting ripped off, and you don’t risk having your items sitting in your face!
Choose Marketplace
If you wanna know how to resell anything, you gotta know where to sell it. And well, there are plenty of marketplaces where you can sell your items. From StockX, eBay, Amazon, Craigslist, and Mercari to Facebook Marketplace, the options are endless. However, your choice of marketplace should depend on what you’re selling. If you wanna sell kicks, these marketplaces are the best place to do it. If you’re a collector, then other places might pop up for you. So make sure you scope your options before listing.
Helpful Tools for Resale
Okay so, if you wanna take sneaker reselling seriously, you’ll need some tools to help you out on your quest. First off, you might wanna look into scraper bots that scrape websites to find content. And in our case, the content your bot will look for is anything that is on discount, or freebies from sites like Amazon! Now, you might be wondering if something like that is illegal. By law, it’s not illegal. However, they might violate a website’s rules, so you gotta keep that in mind.
Secondly, we have price error bots that can catch price errors. These errors are false price listings that allow you to buy an item for a much lower price than it actually is. This definitely can happen at any point on website listings because there’s always a margin of error.
Finally, you might need an all-in-one sneaker bot. Now, it’s called a sneaker bot, but they certainly can get you much more than kicks. Luckily for you, we have a list of the best sneaker bots around. And even better, NSB3 is just one click away, and it’s gonna help you with all your online endeavors on your way to learning how to resell anything! So, think about everything you learned today, and make sure you hop on the resale train knowing all the details. Godspeed!
