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[Josemendez]

Gift cards is one of the common exchange method used by sites both online earning sites and online shops .
Some people deal on selling and buying of gift cards . They buy at cheaper rate from people and in some cases sell at high rate .
Is this bussines lucrative ? , does such bussines yield much gain after settling the charges involved in them .

 

[IB DD]

What my friend does is that he links up with some Chinese that buy all kinds of gift cards for PayPal. There are a lot of people in my country who earn online and get paid gift cards. He buys from them at a price significantly lower than what the Chinese gift card buyer pays him. He makes profits but the business requires constant flow of cash.

 

[Wisdom01]

Yes it is a good buisness and you can earn a lot with this sort of business you have to make sure that things are right and you can fetch a decent and good amount of money with this sort of business actually indeed if you do that in a correct way to be honest actually indeed .

Yeah truly it's actually a good business , because there are some people that are selling gift card and they are making more money off it ,they actually take selling gift card as something big , they run transaction and others

 

[Skylark]

Selling gift cards can be a very lucrative business, depending on how you approach it. For example, if you buy gift cards at a discount and then resell them for a higher price, you can make a profit. However, you need to make sure that you are buying gift cards from a reputable source.

 

[Flower]

There has been a mixed opinion on selling gift cards as a business but it is critical to understand that it is a profitable business but it's true that you're going to face challenges because of the market saturation.

 

[Lens_]

Based on the experience that I have gathered, I understand critically that selling of the gift card is a profitable business but it also has to depends on the niche and how you can differentiate yourself in the crowded market.

 

[Flower]

I know that it is a very lucrative business if you tap into what is trending in the gift market categories and you try your best to offer a unique customerization options because this is going to attract customers.

 

[Lens_]

It is critical to consider the legal aspect as well because some regions have specific regulations regarding how you sell and resale a gift cards. That's why you must be aware of this and it's very important.

 

[Flower]

One of the things you should do is to find a niche market or you try to partner with other popular brand . This will enhance the appeal of your gift cards to the customers as well.

 

[Lens_]

It is critical to know that the market is very competitive but if you approach it with the strategic marketing and you apply customer engagement strategies, you could make a significant difference in the business.

 

[Flower]

It is good to explore online platforms and leverage on social media for marketing . This will help you to connect with your potential customers and it's going to definitely boost your gift cards business.

 

[Lens_]

It is critical not one to underestimate the importance of customer service in your business you should ensure that you have a positive and good customer experience service team that would enhance customer experience.

 

[Flower]

You must consider the potential impact of the economic downtutrn because it is crucial to stay informed about the trends in the market and you must also ensure that you put into consideration customer preferences in order to adapt to your business model.

 

[Lens_]

Conducting a proper research into your target audience thoroughly and understanding their preferences would help you to to tailor your gift cards business towards making it a better offering for the customers.

 

[Flower]

It is important to keep your eyes on the competition and you must continuously try to be innovative so that you can stay ahead in this crowded and dynamic market. It is so important to be updated.