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A Day in the Life of an Online Reseller: What It’s Like to Be Self-Employed in E-Commerce

By: Maria Werner-- 2016-02-23 7:00 am --

Sleeping in, casually sipping coffee on the patio, staying in your pajamas until noon… Everybody longs for the self-employed lifestyle. The opportunity to be your own boss, earn a living from home, and control your financial growth are all appealing aims. But what is it really like to work as on online reseller, and is the job actually sustainable over time? 

What Does Online Reselling Consist of?
Working as an online reseller isn’t quite as glamorous and laid back as some might envision, but it definitely has its perks. To succeed as an online reseller, you’ll have to be willing to put in the hours, work hard, and create a favorable reputation for yourself in the industry. You’ll be in charge of sourcing products, pricing, marketing, creating a website, and managing your customers, all of which can take a lot of time. However, you’ll also get to be your own boss, which allows you to determine your work hours and enjoy more time with your family. You also have more control over your earnings, and the more effort you put forth, the greater sales you’ll create.

Some Insider Tips to Reselling Success
How do so many people manage to make a living selling goods online? Their success relies on many factors. Here are some key things to consider.

  1. Source cheap goods. To generate significant profit, you need to be creating a decent profit margin from your products, while still selling the products for competitive prices. If your prices exceed the prices of other online retailers, you’ll be unlikely to build a reliable customer base. By purchasing goods in bulk from reputable online retailers, you can access the lowest rates on a variety of goods and resell them for increased rates, while still keeping your selling price low.
  2. Diversify your product selection. If you hope to cater to a vast consumer base, it helps to diversify your product selection. By catering to multiple niches, you can access a wider network of people and increase your monthly sales.
  3. Market yourself broadly. The key to generating sales is through a powerful digital marketing campaign. You need to create a distinct digital image for yourself through social media marketing, email marketing, and digital ad campaigns. Consider selling products through a range of Internet retailers, like eBay and Amazon, to drive traffic back to your site.
  4. Create a reputation. Don’t quit your day job just yet. If you want to successfully earn an income selling goods online, you first need to create a reliable reputation, so you have a steady stream of new and returning customers. By using a popular platform like Amazon, you can use their popularity for your own benefit, allowing you to create a name for yourself in the industry more quickly.

Breaking free from the cubicle and working from home is certainly a tantalizing notion. However, to be successful in the e-commerce world, it takes a lot of commitment and dedication. Perhaps the biggest determiner of your success is in the venders you choose. By finding cheap, high-quality merchandise from top-name wholesalers, you’ll be able to build your business more quickly, while creating better returns. Begin your quest for self-employment, and explore bulk merchandise from leading brands.