How to Start a Secondhand Business

Want to Start a Business But Lack of Capital? Try the Secondhand Business

      Have a lot of unused used items at home but worth the money? Turn it into a business idea, you can sell used goods online from your home, or you can buy a neighbor's used goods and resell them for a profit difference.

Determine the Application for Buying and Selling Second-hand Goods.

There are many applications available on the internet for buying and selling used goods that can be selected to sell used goods.

Social media can also be used to sell used goods, on Facebook and Instagram there is a marketplace menu that can be used to sell second-hand goods. Just adjust the category of goods to be sold, don't deviate from the product category you are selling, because in addition to being misdirected, you can be reported because it is considered spam.

Here's a list of apps that you can use for the marketplace for buying and selling used goods: Carousell.com, eBay, OLX,  Facebook and Instagram.

Attach the Original Photo in Good Quality.

Attach a photo of the actual item to be sold. The light factor affects the photo quality, so when taking pictures make sure there is enough light, because the light settings also create its own aesthetic. In addition to increasing the confidence of potential buyers, real photos will affect the rating on your online store. Include item details, to minimize questions from potential buyers.

Adjust Prices with Goods.

Adjust the price of the used goods that you are going to sell with the condition of the goods, usually there will be a choice of conditions that you can include in the used goods trading application, such as goods like new, goods still safe to use, and others.

Of course, the condition of the goods also affects the price, give a reasonable price so that prospective buyers do not feel disadvantaged.

You can also include the reason why you are selling it, so that potential buyers can consider buying the second hand you are selling.

If you're selling on Facebook or Instagram, set the price a little higher, because usually potential buyers will bid low if your reason is needing money. (smallbusiness.chron.com)

Getting the right price for a used goods business is not easy. You don't want to overprice an item, and put off potential buyers, or underprice it to make a profit.

Look at other people selling similar items as a benchmark, and the price of your item is just below theirs. For someone just starting out, it is advisable to follow sellers selling similar items.

This is just one of the many pricing strategies you can explore for your online secondhand retail store.

When measuring profits, you don't want to look at just a percentage, but also your return on investment.

Benefits of Starting a Second-hand Product Business

You can earn money without having to deal with the hassle and expense of dealing with the manufacturing process.

You can focus on buying more things at better prices.

You also don't have to worry about price wars, competing or discount promotions when it comes to used goods.

The investment capital required for a secondhand business is quite low. The risk is also low. This is because you do not need to invest in expensive items.

And finally, running a thrift business can be both satisfying and profitable. After all, many people enjoy shopping at thrift stores or garage sales, because of their unique and bargain items.

Those are tips for selling used goods in online buying and selling applications as a business idea with a small capital effort. If you run out of used goods, you can look for them from your neighbors or friends, besides being profitable for you, the people around you also get benefits.