A reseller business enables you as a business owner to resell the products that you bought from a manufacturer to the end user. The reseller dropship business model is seeing tremendous growth in the past decade in various niches due to the development in technology. It’s a lot more affordable now, making it a very good option for budding entrepreneurs.
So, Why Should You Become a Reseller?
When you are a reseller, you’re technically the middleman between the manufacturer and the end user. You won’t be required to develop your own goods, but you’ll still have a huge portfolio of products to sell from. Whether you want to sell wholesale shoes or clothes, it’s possible in the reseller business model. Your online shop could potentially expand into other markets without having to spend so much on inventory, added employee rates or even shipping costs.
There are so many pros when it comes to becoming a reseller. From the ability to source from a huge selection of products to lower operation costs, you’ll see that a reseller business is a lot easier to start and manage. You’ll get all the pros of owning a new business like financial freedom to going after your true passion. Let’s look at other reasons why you should go for it.
1) The Huge Inventory of Products:
When you become a reseller, you can potentially sell a huge variety of goods. If you are into reselling clothes, as and when your business grows, you will be able to resell other goods such as shoes, jewelry, accessories, handbags, lingerie, or the likes of it. Adding new products to your inventory on the reseller online shop is a lot easier and won’t cost you any extra money as you are going to only pay for the goods your customers buy and not for listing them on your store.
2) Get Your Business On the Ground Faster:
Getting your reseller business online is very simple and can happen on the same day you decide to start your business. Once you are done adding a few good products and some interesting content on your store, you can get on with marketing your business, which is only difficult part. You will be able to launch your reseller business in a matter of minutes if not seconds.
3) No Inventory Management:
The best thing about managing a reseller business is that you don’t have to worry about inventory at all. By using a reseller dropship app like Oberlo, you will be able to sell goods without worrying about getting bulk inventory in advance. You are going to pay only for those goods that are ordered from your website and it’s a good opportunity for budding entrepreneurs.
4) Expanding Into Other Verticals:
If you are happy with your reseller business, and want to expand your product category eventually, then it’s a possibility. When you are engaged in the reseller business, you can try out new niches without worrying about getting new inventory. You will be able to grow your product range in a matter of seconds with the click of a button.
5) Reduced Time Commitment:
Ask your friends who are into the reseller business and you will understand how much extra time they have in their hands. Running a reseller business doesn’t require much time, once set. A good portion of all the required processes are automated, and doesn’t require you to spend much time on it. You will also be saving a lot of time as you don’t have to handle the hassles of packaging and shipping.
6) Reduced Financial Risk:
A major benefit of running a reseller business is that the assicuated financial risks are very low. This is the ideal business for those who are worried about their budgets. You don’t have to invest on bulk inventory. You only pay for those goods the customers have already paid for through your reseller online shop. Thus, the financial risks of running a reseller shop is pretty low.
I hope this article was useful for you to learn about the advantages of running a reseller business online. If you have any doubts with regards to this, let us know through the comments and we will be glad to help you out. If you have any suggestions regarding how we can improve the article, let us know them through the comments as well for us to improve. 🙂
This is really an insightful article about reseller business. The growth in this sector has been tremendous.