Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[AudraMiller]

With the number of side business is beginning to increase many people are purchasing items in bulk and then selling them off at a slightly higher price in order to generate a profit. However would many people doing this there's a lot of competition within the market currently and this can greatly affect the amount of business that you get and also the amount of sales that you make. Also there's the added risk of purchasing an item in advance only do have a consumer not purchase the item or for the demand of the item not to be very high. What ideas are there to manage demand when it comes to purchasing items in order to ensure that they are not left over or that they are not sold which could result in losses to the business?

 

[Josemendez]

Yes, and this is the same case when it comes to other ventures like cryptocurrency too. People think that it is a get rich quick scheme and don't realize the hard work that needs to go into it in order for it to be profitable.

It affects then psychologically when what they have in mind didn't come quick. They are forced to take drastic measures that affects them emotionally.

 

[Ehnamuram]

That's the exactly how the buying and selling business can be profitable, you are right. It's not a business we can just jump into without proper research and good plan.

Yh, come to think about it, any form of buying and selling requires the individual in question to have proper knowledge about a lot of things, such as market trends and other stuff

 

[NaughtyFatKid]

Buying and selling definitely work. But what channels do you actually use to target a broader market?

Or if you opened a physical store, how do you plan to market your physical store?

 

[AudraMiller]

It affects then psychologically when what they have in mind didn't come quick. They are forced to take drastic measures that affects them emotionally.

What you are saying here is 100% correct and I think that people that fall into this trap I actually victims of the panic movement when it comes to cryptocurrency sales. These people are the panic and sell all of the cryptocurrency or alternatively the end of being in fear of missing out on a great cryptocurrency movement and therefore by a lot of a specific coin which does not amount to anything in the end.

 

[Ehnamuram]

Buying and reselling is a profitable venture to go into for sure, there are people who have made 6 figures and more in income just by sticking with a form of reselling, so it's definitely good.

 

[AudraMiller]

Buying and reselling is a profitable venture to go into for sure, there are people who have made 6 figures and more in income just by sticking with a form of reselling, so it's definitely good.

This is a massive profit and i think that it will depend on the product that you are selling. For example flipping houses will get you a much larger profit than any other the other resales.

 

[Ehnamuram]

This is a massive profit and i think that it will depend on the product that you are selling. For example flipping houses will get you a much larger profit than any other the other resales.

Yh, like I said in my post earlier, reselling is in many forms some of which can bring in much larger revenue than others.

 

[Ridorz]

This is a massive profit and i think that it will depend on the product that you are selling. For example flipping houses will get you a much larger profit than any other the other resales.

Yes, you are right. The kind of product you are dealing with will determine the kind of profit you will generate. and also, the rate of available customers you are supplying will determine the profit.

 

[Ehnamuram]

Yes, you are right. The kind of product you are dealing with will determine the kind of profit you will generate. and also, the rate of available customers you are supplying will determine the profit.

I basically believe that regardless of what product one sells or is trying to sell, there'll always be a market fit, there'll always be a certain individual willing to purchase that product, so it's basically finding your market fit, find that individual or group of individuals that'll always be willing to purchase the goods or products

 

[Slender1704]

With the number of side business is beginning to increase many people are purchasing items in bulk and then selling them off at a slightly higher price in order to generate a profit. However would many people doing this there's a lot of competition within the market currently and this can greatly affect the amount of business that you get and also the amount of sales that you make. Also there's the added risk of purchasing an item in advance only do have a consumer not purchase the item or for the demand of the item not to be very high. What ideas are there to manage demand when it comes to purchasing items in order to ensure that they are not left over or that they are not sold which could result in losses to the business?

Buying and reselling is a good business adventure but you get good suppliers to keep your prizes lower and the best way to do it s Bulk buying which is very profitable for any reseller . When you buy and resell product you need a good marketing strategy .

 

[LutherKing]

Well , its neither an difficult , not an easy business one needs to rely on the effort out in to take a business to the next level of success to be honest

 

[Ranamal]

If you have an good idea about the market, then you can try it, It is best bussines if you have good knowledge on the products you are buying

 

[Corzhens]

A retailing business is actually buying and selling. Usually the retail store buys in bulk from the distributor which has a lower price in the market. The retail store would place a mark up to earn a profit. That is buy-and-sell style of business.

 

[CyberPreNurse]

It is profitable, but you would have to make sure that the business is sited where interested customers are so you don't end up lacking sales due to low patronage.

 

[Setfragil]

Buying and reselling of goods is a good business depending on the particular products that you want to sell. Before you venture into such business, make sure that you understand the modus operandi of the business to avoid running at loss.

 

[Chibson]

Of course, that is exactly how businesses works. You need to find a very good product and buy them at a very cheap price then you locate a very good market and sell at a higher price to make your profit.

 

[LutherKing]

Right , And You Need To Have Your Expenses Cut As Well Too Be Honest In My Opinion because that's very important .

 

[osavise]

The best business ever is buying and selling. All through my experience as an entrepreneur, buying and selling would afford you a great opportunity to make profit mostly if your malls is situated in a commercial area.

 

[AudraMiller]

Right , And You Need To Have Your Expenses Cut As Well Too Be Honest In My Opinion because that's very important .

It is very important. The expenses of a business is the key factor, because even if you are making a good profit, if you do not manage it well and spend more than that you will run at a loss.

 

[ahsan510]

Absolutely profitable. But things that must be taken seriously is that you must have a business location and must have lot of experience and knowledge of doing it. Proper research require in this business.