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3 individuals who turned their reselling side hustles into full-time gigs share their strategies for finding profitable products
- Entrepreneurs who make money reselling items on sites like eBay tend to focus on a specific category and use data to inform their purchases.
- Successful resellers like Kendall VanGilder tend to niche down within their niche category.
- Key reselling strategies include niching down, leaning on data while staying up-to-date on market trends, and consistently sourcing profitable items.
- VanGilder and Val Zapata got started by selling what they knew best and grew their businesses from there.
- Richard S. advises browsing the “sold items” section of your category on eBay for 30 minutes a day to see what’s selling well and avoid the trap of buying items you personally like.
- VanGilder uses eBay to find new brands in her space, while Zapata stays up-to-date by attending events and observing which sellers are buying and avoiding.
- Sourcing profitable items requires assessing the market, experimenting with various listings and staying consistent with your reselling business.
- While the startup costs are low, there's strategy behind sourcing profitable products in the world of reselling, says Richard S. and Kendall VanGilder.
- Focus, data, and consistency are key, and niching down within an already-familiar niche is a smart way to start.
- In the reselling business, success is achieved through strategy and commitment, say these thrifty entrepreneurs.
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