Resellers (2024)

FAQs

How much do resellers really make? ›

While ZipRecruiter is seeing annual salaries as high as $176,500 and as low as $32,500, the majority of Reseller salaries currently range between $40,500 (25th percentile) to $77,000 (75th percentile) with top earners (90th percentile) making $153,500 annually across the United States.

A reseller is a type of channel partner that acts as an intermediary between companies that make, distribute or provide IT products or services and end customers, which may be businesses or consumers.

Reselling items is one of the largest side hustles people start, and many turn it into their full-time income. When you resell items, you either sell items you bought and can sell for a profit or used items with value. Either way, the bottom line is the same – you make money online.

Reselling is profitable. But your potential revenue depends on the type of product you're selling, the level of demand for that product and the competition you'll face. Business overheads also impact your overall profitability since you'll have to use your revenue to cover the business's costs.

Resellers Prey on Loyal Customers

The merchant-consumer relationship is built on trust. Reseller abuse effectively erodes that trust and leaves customers disappointed and potentially vulnerable to fraud. When a loyal customer attempts to buy a product that immediately goes out of stock, there is initial disappointment.

Generally, it's not illegal to resell a product. Restrictions normally come from the platform themselves and not the manufacturer of the company. The truth is that most brands are safe to resell. You're just not allowed to claim “brand new” or “straight from the manufacturer” because that just wouldn't be true.

Resellers often purchase products that retail stores are unable to sell, which allows the retail stores to make a profit on products that they would otherwise have to discount or throw away. Additionally, resellers often purchase products in bulk, which allows retail stores to sell more products at once.

Where do resellers get their products? ›

A reseller is a business that purchases products from manufacturers, liquidators, or other retailers and then sells them to its own customers.

A reseller is usually an individual who buy goods and services to generate profit per transaction. Seller is a person who might or might not purchase directly from manufacturer but sell ultimately to the end consumer.

It isn't going to be an easy ride, though. Supply limitations and minimum order requirements from suppliers and manufacturers can pose a problem to resellers whether they're just starting out or if they've been in business for years.

That means a variety of goods can be sold, online or in-person, for a surprising amount of cash. You could make thousands of dollars per month as a reseller, in fact. It's one of the best side hustles out there, and a great idea for how to make money in your spare time.

If you're an aspiring entrepreneur looking to break into the world of internet sales, you may have heard about becoming a "reseller" -- that's when someone sells something they already own and then makes money on it by buying it back at a higher price than what they sold it for.

The amount you can earn depends on how you resell, what you resell, and how much time and effort you put into your business. For used merchandise stores, the average annual revenue per worker has grown to $120,000. For individuals using an online platform such as eBay, Poshmark, or TheRealReal, earnings vary greatly.

Reseller businesses offer a dynamic and flexible path to starting a business. Whether you're looking to dip your toes into the world of eCommerce, have a passion for hunting down vintage treasures, or are ready to explore unique niches, reselling could be your ticket to a profitable business venture.

Is being a reseller profitable? As a general rule, resellers look to make a 15% to 40% profit on each sale. However, some reseller business ideas allow for an even bigger profit. Marketing and operating costs eat into these profits, but you can make good returns if you're disciplined, smart, and patient.

It's not uncommon to find thrift store flippers making close to $100k every year from thrift store flipping. It, however, still depends on how much you put in. If you're willing to put in enough time to learn about flipping and carefully research the items to sell, you can make a comfortable living.