I’ve been working on my new collecting project for two months now. After earning just under 1,000 euros in the first month, this second month will be close to 2,000 euros if I keep up my daily sales. I’m not yet making a profit, but that’s not the short-term plan either. ecommerce shoppingPhoto rights by Fotolia It is often said that the profits are in the buying . When it comes to well-known branded products with high volume demand, you need low prices to be able to compete. The less you spend on your purchase, the more you earn. It is common sense, but when you are “shopping” and you are a beginner, you can easily forget these basic principles of commerce.
Although I am not a newbie in the business world
I have made some beginner mistakes when taking my first steps. In the end, it is also the first time I have had a store that requires stock. Even more is better in my case, since I move in the world of collecting and there is an intimidating variety of objects. I still keep pieces from my first purchases, as I bought them at retail prices and not wholesale prices. Don’t worry when this happens, it’s normal to have a learning curve . Sometimes it’s time or, if you want to shorten it, it’s money, as in my case. Well, that’s it. It’s time to share with you what I’ve learned about purchasing strategies so far. Contentd sellers internationally 2 Find private sellers locally 3 Buy in large lots Find sellers
internationally You won’t find
the best prices in your city and probably not in your country either. Whenever something is available internationally, it means that there will be sellers all over the world. This also means that your English must be fluent, both spoken and brazil whatsapp number data at least written . I continue to be surprised (not to say frightened) by the low level of English in Spain. I’m not just talking about people of my generation, but those who are just now leaving university. Mastering languages in the business world is a competitive advantage because you can negotiate more easily. I can buy from all over the world and make specific offers that someone without mastery of the language could.
You shouldn’t always blame the institutions
(even if they are) but you should also take responsibility for yourself . There are things you can do practically for free, for example by improving your English level daily with free apps like Duolingo . Then you can watch movies in their original bulk lead version and many other things to practice. Find local private sellers In many segments there is a significant second-hand market for new goods . That is, products that have never been used and are in the same packaging condition as in any store. There are tax and accounting aspects that you have to take into account when.
since they cannot issue you an invoicethat
I am not going to discuss here right now. Search for “REBU” on Google and you will get an answerIt is true that in terms of quantity, this time investment is not always profitable . In my case, the sellers are also potential buyers of my business, so it is also a way by taking the time to explore our inner to attract new customers. Buy in large lots I make many purchases through Ebay . I often buy lots that have been created just for me, as I detect different offers that may interest me, and I contact the sellers so that they can sell me everything together.
This generally means a price improvement
because I can opt for discounts and shipping costs are also reduced. It is clear that this strategy requires a larger investment than normal, but in competitive niches where prices matter, there is no other way to act (or I have not found one yet). Therefore, the margin must be lowered to achieve a high product turnover that allows for continued investment quickly. Well, you know I do it in terms of purchases.