Showing posts with label reselling. Show all posts
Showing posts with label reselling. Show all posts

Saturday, December 29, 2018

Changing my reselling business model

I cannot store anymore inventory in my home. I just can't. Besides my Poshmark inventory (which is taking forever to sell), we also have household stuff to sell to clearout our home. So I'm changing my business models. I'll be selling digital products or items I can dropship. No more holding physical inventory.  So I'm about to have a massive sale and whatever doesn't sell will be donated before I start the new semester. We need the space and removing the clutter will be a nice relief.

The digital items I'll be focusing on will be website and email templates. Then I'll expand into Microsoft Office templates. There's such a huge market for templates and I have a few ideas for the niches. I can't wait to try it out!

Thursday, August 9, 2018

Ecommerce activity update

Sales have been slower lately due to my laziness. But now that I've started my bachelor's program, I forced myself to create a schedule to get things done. So here's what sold recently:

  • One book via my ebay resale account
  • Two handmade items via my Etsy shop
  • Eight more items via my ebay dropship account! (yes, I'm excited about it)

This first dropship store is in the beauty niche with items from Aliexpress and seems to be doing well. I've learned (and been reminded of) a few things though:

  1. Profit is important! Yes I've been selling a good number of items so far, but my profit is only $4-5 per item. I need to sell items with higher profit.
  2. Aliexpress doesn't display order processing times. So the only way to find out is to ask the seller. I mistakenly assumed all order processing times were the same, and had to cancel an order because it was going to take seven days to process and my customer didn't want to wait that long.