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Reselling/Flipping is one of the best investments you can make
Why??
There is almost NO risk
A Thread
Why??
There is almost NO risk
A Thread
In reselling there are 3 main points of interest
1. Sourcing
2. Selling
3. Shipping
I separated reselling into these 3 different sectors because the parties you deal with change within each one
1. Sourcing
2. Selling
3. Shipping
I separated reselling into these 3 different sectors because the parties you deal with change within each one
1. Sourcing
The risk of buying inventory is that it might not profitable or it wonât sell
In order to defeat this risk, NEVER throw away a receipt
This way you can always return if you made the wrong investment
& itâs necessary for tax write offs but thatâs another post
The risk of buying inventory is that it might not profitable or it wonât sell
In order to defeat this risk, NEVER throw away a receipt
This way you can always return if you made the wrong investment
& itâs necessary for tax write offs but thatâs another post
2. Selling
Whichever platform you choose to resell on
There are rules & regulations that protect your capital as a seller
You MUST learn them
For example:
eBay customer opens a case*
Understanding how to swing that case to end in your favor is necessary!
Learn the rules!
Whichever platform you choose to resell on
There are rules & regulations that protect your capital as a seller
You MUST learn them
For example:
eBay customer opens a case*
Understanding how to swing that case to end in your favor is necessary!
Learn the rules!
3. Shipping
Once you have shipped the order, all cases(issues) are now your responsibility.
Platforms will quickly side with the buyer whenever an issue during delivery arises
This is where Insurance Claims come in
If the postal service you ship with somehow...
Once you have shipped the order, all cases(issues) are now your responsibility.
Platforms will quickly side with the buyer whenever an issue during delivery arises
This is where Insurance Claims come in
If the postal service you ship with somehow...
3. Continued...
- Doesnât deliver
- Damages the product in transit
- Delivers late
You are entitled to an insurance claim
Filing an Insurance Claim means the postal service will investigate the issue
If in your favor, they will send you a check for sold amount + shipping
- Doesnât deliver
- Damages the product in transit
- Delivers late
You are entitled to an insurance claim
Filing an Insurance Claim means the postal service will investigate the issue
If in your favor, they will send you a check for sold amount + shipping
3. Continued...
Each postal service has their own rules on insurance claims
Make sure you understand your limits to increase your chances of getting approved for the correct amount
Each postal service has their own rules on insurance claims
Make sure you understand your limits to increase your chances of getting approved for the correct amount
I learned my way around this through trial and error
As long as you do the research before making a costly mistake, you should be fine
Thanx for reading this far
Drop a follow for more Reselling content
As long as you do the research before making a costly mistake, you should be fine
Thanx for reading this far
Drop a follow for more Reselling content
