Many have used the reselling model to make money, whether they are buying and selling video games at a garage sale or looking for items on the internet. Retailing is an excellent option if you’re looking to earn more than just one quick dollar.
A retailer purchases goods from a wholesaler or distributor and then sells them at a greater cost to the consumer. This can be done through marketplaces on the internet like eBay or Amazon as well as through traditional brick-and-mortar shops. Retailers can also provide a unique set of value-added services, such as customization or technical support.
Resellers purchase items, resell them at a discount to the end user and typically, they sell the product at less than the original price. Resellers are present in every field and are typically not so customer-centric as retailers. They can also rebrand or modify products using private labels and sell them to retailers or directly to consumers.
Resellers are more focused on selling products to other businesses, rather than retailers. This is especially useful for businesses with limited capital to invest when purchasing large quantities of product. Retailers can provide various products and services from one location, while resellers usually focus on selling specific products to customers.