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by Mike Vestil 

Step-By-Step Guide To Becoming A Reseller In 2024

If you’re looking to live life on your own terms, escape the 9-5 grind, and become your own boss, then becoming a reseller is a sure-fire strategy to making 300 USD per day in 2024. 

The concept of reselling is straightforward: you buy low and sell high. In a nutshell, that’s all there is to it — you find products that people want, buy them cheap, then sell them at a profit. 

But recently, I’ve had an increasing number of queries from my freedom fighters asking me some excellent questions about running a reselling business. Questions like:

  • What are the best products to resell?
  • How do I know if reselling is for me?
  • How much money can I make selling?
  • How can I become a reseller?
  • Do I need to pay sales tax to trade online?
  • Can I sell things full time or it’s only a side hustle?
  • Where can I get buyers for my products?

In this article, I answer these questions and more. 

I offer you a step-by-step guide on how to become a reseller in 2024, and as a bonus, I am including a last-minute sign-up to my free upcoming webinar on how to scale from making $10/day to $1,000/day.

Table Of Contents

  • How To Become a Reseller
  • What Is Reselling?
  • What Is Retail Reselling?
  • 5 of the Best Products To Sell
  • What Are the Advantages of Becoming a digital merchant?
  • Step-By-Step Guide On How To Become A Reseller Online in 2024

What Is Reselling?

As a reseller, you source products or services for as cheap as you can, then you market them and sell them at a marked-up price.   

As the good old saying goes, “buy low, sell high!”

You act as an intermediary between the manufacturers, wholesalers, recyclers or stores, and your customers. Most times, you help your customers find the products they are looking for but can’t find for themselves.

Multichannel

You can combine your emails with other forms of communication such as social media and pay-per-click advertising campaigns. Your audience won't see them as separate entities, and they'll be more likely to take the actions you ask of them. They'll have a better sense of your brand as a whole, and they're less likely to feel overwhelmed with the messages you send them.

Understanding what is functional marketing can really help you make the most of multichannel marketing as this type of marketing emphasizes customer needs above all else.

Allow you to grow your business

With reasonably low barriers to entry for most email marketing software, it's easy for small business owners to get started with this resource. It gives companies a chance to build their brands without spending too much time or money on promotions that may not work out in the end. 

Purely online businesses can also use this strategy because it doesn't require owning an actual storefront or office premises -everything is done online through emails sent directly from the business owner's email marketing client.

Table Of Contents

The benefits of email marketing can be summarized in three words: trust, convenience, and targeting. People are used to being interrupted with advertising messages everywhere they turn, whether it is billboards on the highway or ads that follow them around online. 

Getting your message into someone's inbox is a softer sell because people are used to getting emails in their inbox. Email subscribers have also opted in to hear from you—and everyone else who contacts them via email—so it's less likely for your message to be marked (or considered) as spam, which results in more positive engagement overall.

Thanks to the power of advanced features such as segmentation (more on this later), marketing emails also tend to be hyper-targeted. Businesses can use their data on file, such as purchase history, browsing behavior, and customer surveys, to send more relevant messages that appeal directly to their customers.

Let's get a bit more in-depth about the benefits of email marketing.

High open rates

The average open rate for email marketing is between 12%-25% of all emails sent. This means that, at best, you have a 1 in 4 chance of your email being opened and at worst, you have a slightly better chance than 1 in 10 emails being opened.

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Image Credit: http://clickback.com

Even at its worst, this is a much better chance of connecting with an audience, especially considering the low cost involved when using email marketing.

Low cost

Email doesn't require too many resources, such as paid ads or lots of staff time, so it's relatively cost-effective for businesses who want to get their message out there.

Both the startup costs and the maintenance costs are low. In addition, costs are scalable according to the number of people you have on your email marketing list.

Multichannel

You can combine your emails with other forms of communication such as social media and pay-per-click advertising campaigns. Your audience won't see them as separate entities, and they'll be more likely to take the actions you ask of them. They'll have a better sense of your brand as a whole, and they're less likely to feel overwhelmed with the messages you send them.

Allow you to grow your business

With reasonably low barriers to entry for most email marketing software, it's easy for small business owners to get started with this resource. It gives companies a chance to build their brands without spending too much time or money on promotions that may not work out in the end. 

Purely online businesses can also use this strategy because it doesn't require owning an actual storefront or office premises -everything is done online through emails sent directly from the business owner's email marketing client.

Keep reading on MikeVestil.com: Want an even more detailed look at this whole process? Here's a step by step guide to becoming a reseller.

Want to make an extra $250 per day online?

I've put together a free quiz on how to find the best online opportunity suited for your personality in the next 5 minutes or less that will allow you to work remotely, with a flexible schedule, from anywhere in the world

About the author 

Mike Vestil

Mike Vestil is the author of the Lazy Man's Guide To Living The Good Life. He also has a YouTube channel with over 700,000 subscribers where he talks about personal development and personal finance.

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