What are the benefits of resale business?
Ecommerce is a multi-trillion dollar market that continues to grow. A little-known secret of the Ecommerce industry is that it has significantly higher return rates than brick-and-mortar, up to 30%. These returned products take too much time for major retailers to process and end up being sold for pennies on the dollar, presenting a major opportunity for resale. Click on this article or this article to learn more information about the market.
Why aren't more people doing this?
There are two main reasons why more people aren't doing this. First, it's hard to understand what are good products to source for resale. Most people go for high-value products like electronics, but the competition for these products means that they become more expensive which cuts into the profit margin. The real opportunity is in a whole range of high-value products that are ignored. Second, resale platforms have made it hard to post products efficiently. They ask for a lot of detailed information that makes the posting process time-consuming and inefficient.