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Make Sure You’ll
Make Your Profit!
One of the questions you might have with this is: how do you protect yourself from having it sold for less than what you’re actually going to be able to buy it for? That is a big concern.
That is a legitimate concern, because you don’t want to be out there selling products and accidentally have it sold for less than you can buy it for. You have to be protected that way, and you can be. Most auction sites, now, have what is called a “reserve price.” So what you can do is go in and set the prices to what the minimum amount you will accept for it is. You can start the bidding lower than that, or you can actually start the bidding there at that price. That protects you then, and what that tells people is you’re bidding on this, but if it does not sell for the minimum that I’ll be willing to accept, I’m not contractually obligated to sell it to you at that price.
That’s something you can do without having an inventory, without having any kind of an office space - and you can do it right off of your kitchen table.
Just sit down and search out products that are selling well and then find places locally. Either work out a deal exclusively with them, where they know what you’re doing, or, even if you don’t want to do that, you can ask
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