The 3 Pโs of Reselling Online
The 3 most important aspects to reselling online fall within these categories. Avoid the pitfall of selling an item at the wrong price to the wrong audience.
Photos
Photos matter. The quality of the photos. The staging. The lighting. The backdrop. The angles. The detail shots.
You can invest in a high quality camera or just use your smartphone. We prefer the iPhone and edit within third party apps.
Price
You want customers to stop the scroll when they see your item. Photos are what will grab their attention.
Once theyโve stopped however the price is the second biggest variable as to whether they buy or move on.
Try to price in or just below the average selling price.
Platform
Each platform will have itโs own set of customers. Are you reaching the right customer with the right platform?
eBay: worldwide market with a variety of customers
Etsy: worldwide market with mostly vintage customers
Poshmark: national market with mostly younger customers
Chairish: national market with mostly older customers
FB Marketplace: local and regional market with customers looking for deas
My biggest tip is to sell on all of them.
If you find sales are stagnant, then I recommend adjusting one of the three Pโs.
Change the price.
Update the photos.
List on a different platform.
If you are wanting to host a party but on a budget, then letโs talk about the elements to look for while out thrifting.
I fully believe in the power of cross posting items across multiple platforms when reselling. However, some selling platforms perform better than others when it comes to certain items.
As a reseller, you can choose to resell in person or online (or both).
In the past week, Iโve managed to stop into several thrift stores in the area.
I can think of many reasons to work with a liquidator during a downsize, but three main reasons stand out.
It is important to know what is trending so you know what to buy, when to buy it, and when to list it.
Progress was being made and the estate sale was nearing.
That is until the news came that we needed to put a halt on the project.
Logistics of shipping can be the greatest hurdle that an online reseller has to overcome.