Today I am going to teach you how to buy low and sell high, EASY and fast as you always ask me.
Best of all, with good management, you get VERY GOOD profits.
Look what we will see:
– The key to economical buying and selling at a better price.
– Great product ideas to buy NOW.
– And finally, I’ll give you some PHENOMENAL tips to get you started.
First, look at this data:
Without a doubt, we are faced with a great opportunity to do something… Well, what we came to do…
The idea is that you are looking for the best deals or suppliers, so to speak, in order to shop at the lowest possible prices.
If you focus on selling high, you can fail.
Because your competition will certainly offer better prices.
Let’s say what makes buying (lower prices) and selling (higher prices) attractive is the remaining profit margin.
It makes sense because by buying low and selling high you can make the margin very cheap.
But in reality, the word “expensive” is superfluous, so to speak, because if you want to increase your income, you shouldn’t raise the prices, but shop more sparingly.
I know I sound repetitive, but I want to be very clear. It’s not about speculating with extremely expensive prices that end up hurting our business, it’s about being good buyers.
However, we will continue to use the phrase “sell dear” but make it clear that it means “a higher value compared to the purchase price” and not “a higher value than the market price”.
Ideas of products you can buy cheap and sell high:
Well, I think that’s what really matters to you. Let’s see some ideas what you can buy at very good prices and offer at a higher price, okay? Let us begin…
1.- Computer parts:
Selling computer parts is good business. Firstly, because there is a high demand (your customers), and secondly, because there are many interested in selling the leftovers of their damaged computer (your suppliers).
It’s not like you’re going to fool your suppliers by saying they’re selling it for free, that would be wrong.
No, but you can offer a slightly lower price considering the customer most likely just wants to get rid of the leftover gear. That the parts are already used and may not have been serviced, or that you just buy all the parts at once, as a kind of station wagon.
This way you will certainly get extremely cheap parts for devices that you can later better sell without speculating. If you give the pieces a “little love” (as we say in my country), meaning you clean and care for them, it would be much better.
And the good thing is that this “affection” is not always expensive for you, but it has value for the customer. Suppose you buy a complete computer full of viruses, bugs in the software, no basic programs, etc.
Without a doubt, they are characteristics that will justify the purchase at a low price compared to the seller. But since you are a genius, you can format or run an antivirus and remove all the bad stuff. In addition to installing the basic programs and leaving them like new, the value increases significantly!
2.- Few products appreciated by some and highly appreciated by others:
Do you have a lot of books in your house that no one appreciates? There are many such people, my friend. Guess what? There may also be old specimens among them, which a collector would certainly pay very well for.
It’s just an example for you to notice, “There are things that someone has as junk or a nuisance because they don’t know their value or just don’t care, which is why you can buy them cheaply.
However, there are those who would pay very well for it, those would be your customers.” This is really a good deal to buy low and sell high.
- Old electronics.
- Games and old consoles.
- vintage tableware.
- Antique paintings.
- Picture frames with considerable years.
- shiny crockery (carnival glass)
- Branded clothing from the 80s and 90s.
- Lamps from the 1960s.
- trading cards.
- Antique Jewelry.
- Strange or old coins.
- old records etc.
3.- Products bought on platforms with good prices:
The secret of buying cheap and selling high is not in the product as such, but in the supplier. There are online sales platforms that have sales at good prices as a value proposition, we have to use that.
The idea is to take over these businesses and make them our suppliers. Those originating from China have a very good reputation for low prices. For example, we have Aliexpress. It’s about seeing multiple alternatives, analyzing them and seeing which one suits us best.
Here it is important that you consider what products you are going to sell. What you should do is see what’s trending at stores like Amazon. This way you have an idea of what the customer more or less asks for.
4.- Used products:
On the other hand, without going too far, you can also use social networks. There are many used products offered there that you can buy at a good price even for the same means that you can offer.
In addition, you can apply what we talked about before, take advantage of all the details, improve it and offer the product at a higher price.
Some tips to keep in mind when buying at cheap prices:
Here are some tips to keep in mind:
- Do not change a few euros more for the quality of the product. So make sure that the product is worth it under its terms. It may be cheap but in reality it is more expensive due to its condition.
- Make sure you don’t have any legal issues. You must have your papers in order in case they need them. And most importantly, try to make sure what you’re buying isn’t stolen products.
- Do not transfer money without holding the item in your hands and checking its status.
- You need to create a good buyer image. It is just as important as your image as a seller because this way it will be easier for you to purchase the products since the sellers will come to you and you will not have the problem of paying them first. If you have a good reputation, you have every right to demand the product.
That’s all what do you think?
We’ve come to the end for now. However, I invite you to keep visiting our blog as we have a lot to learn together. Don’t forget to comment, it’s very important for us.
Without further ado, I have no choice but to say goodbye and wish you every success.
A hug! Until next time!