If you want to start making money from home then it might be time to start a reselling business. Reselling items online (or even locally) is one of the easiest and most accessible ways to start making money online or from home. Not to mention one of the quickest ways. With things like blogging, youtube or starting a service-based business it can take some time to build up, but with a reselling business, you can generally start making money within a few days to a week and then build it up from there.
Stick with me because in this post I’m going to go over everything you need to know to start a reselling business. If you’ve been wanting to see what it takes to be a reseller, then this ones for you!
I started selling on ebay back in 2016 when I was a full time stay at home mom to my son who was a year old at the time. From there I grew it to be a pretty good part time income and then into enough money that my husband was able to work at home with me. We recently transitioned away from reselling because we moved into a travel trailer to travel full time, but I have no doubt we’ll be reselling again as soon as we have a home. For now, I’ll help others start and grow their own resale businesses!
This article contains affiliate links. See bottom of the page for full disclosure.
First I wanted to go over some frequently asked questions that I get from those who are looking to start a reselling business.
What is a reselling business?
A reselling business is basically any business where you buy items and resell them in an attempt to make a profit. You can resell almost anything, but it’s pretty popular to resell clothes, shoes, antiques, electronics and more.
Can you really make money reselling thrift store items?
You can definitely make money reselling items from thrift stores, yard sales, etc. Just because an item is used doesn’t mean it no longer has any value. Many people look for used items in order to save money, be more environmentally concious or to find something that is no longer made.
Can you really make money reselling?
Yes! While there are a lot of people out there who will say it’s too hard or that you can’t make money because fees are too high, it’s important to note that just because reselling isn’t for them doesn’t mean you can’t do it. It’s not for everyone and that’s ok. But there is definitely money to be made and many people make part-time and full-time incomes from reselling. You can see my previous income reports here.
Which is the best reselling app?
There are a lot of marketplaces to resell online. The best ones are Ebay, Poshmark and Mercari. They all have their pros and cons such as different fees, shipping, etc. so if youd’ like to see a comparison of the three you can find that here.
Who should start a reselling business?
Anyone can start a reselling business! When I started mine the first time I was just out of high school reselling vintage dresses on Etsy. That was a long time ago. Then about 10 years later, I was a stay at home mom and wanted to start a business I could work on while my son was asleep, but I didn’t want to take on clients. So I started a reselling business which eventually led to my husband being able to quit his job and though we no longer resell full time because we travel full time in a travel trailer, I still think reselling is one of the best side businesses out there!
If you’re willing to put the work in, have a little bit of money to invest (you can actually start with $0!) and are motivated to learn this business it can be a great income.
Steps to start a reselling business
Below I will go over the basic steps for starting your own reselling business! I honestly think that it’s one of the most accessible ways for someone to start a side hustle.
>> Want to know more, but don’t know how reselling works? I have a FREE Ebay Beginners training that you can watch here!
Decide what you want to sell
One of the first things you want to do is consider what it is you do and don’t want to sell. You don’t have to make a final decision to only sell one thing, but consider what types of items you have access to or have knowledge about.
If you have a love for women’s fashion then you might want to focus on that. If you know a lot about specific types of electronics, you could look into selling those types of items. It’s really about using the knowledge you have, or knowledge that you can build up, to find items other people are looking for.
Choose a marketplace. Start with one.
When you’re just getting started, it’s important to master one marketplace before expanding. Once you’re confidently selling on one marketplace, you can slowly start to build up another one.
Also keep in mind that what you’ll be selling will determine where you should sell. For example, on Ebay and Mercari you can sell almost anything. However, Poshmark is a little more strict and is more geared towards fashion, although they have recently added home goods to their allowed items.
Below you’ll find detailed beginners guides for the most popular selling platforms:
- Beginners Guide to Selling on Ebay
- Selling on Mercari: a Complete Guide
- How to Sell on Poshmark for Beginners
Open a separate bank account for your business.
If you’re really going to make this a side business (especially if you want to make it full time in the future!) it’s really important that you keep all of your personal finances separate from your business finances. The easiest way to do this is to simply have a separate checking account for your business.
Most of us already have a bank account, so you can just go to your local bank to open an additional account. Figure out what to bring in to start a business checking, but to be honest, when I started I just started with a personal account. Talk to your bank to see what is allowed.
Figure out if you need any licenses or permits
Whether you’ll need any special licenses or permits to resell online depends on your local area. I would check with your city and/or state. Most of the time all you have to do is apply, sometimes you may need to pay a very small fee. But this will ensure that your business is legally running.
Create a list of sourcing opportunities
Since every area is different, try to think of all the places you could source inventory to sell. The most popular places that resellers find their inventory when they start are thrift stores, yard sales, flea markets and clearance or discount stores. But there are so many opportunities out there that once you start reselling you’ll constantly be on the lookout for items you can sell.
To find thrift stores in your area you can google your city and the word “thrift store” and you should be able to get quite the list going. You can also do this for flea markets.
For yard sales, Craigslist, Facebook Marketplace and the Yard Sale Treasure Map app are all great places to look.
I recommend checking out a few to see how their pricing is, what kind of inventory they have, etc. Don’t write off a store just because they didn’t have anything good the first time you go there. For most thrift stores it’s all going to depend on donations, so trying the same one a few times will help you get a more accurate feel for the types of items you’ll be able to find.
Learn how to research what sells
On most marketplaces, you’re able to look at what has recently sold to give you an idea of what you should be looking for when you’re out. Another great website for eBay is CheckAFlip.com where you can put in keywords and see what has recently sold and what is listed. So if you want to check a specific brand or kind of item you can do that.
It’s important to remember that just because you like something, or it was expensive brand new, doesn’t mean it will sell. When you first start just spend a lot of time learning, looking up items and absorbing the knowledge. You’re still going to make mistakes and buy items that won’t sell for as much as you’d hoped (or at all), but over time you’ll learn how to avoid that.
Figure out an inventory system
Once you start buying items to resell it’s going to quickly become important that you have some sort of way to keep track of your inventory. As much as you’ll convince yourself that you know where stuff is, it can get overwhelming fast and spending an hour looking for that one thing that sold is never fun. But it happens to the best of us!
You’re going to want to figure out two things: how you’re going to store inventory and how you’re going to keep track of individual pieces.
If you want an in-depth look at how we organized our eBay inventory you can check out this post.
You can also get the free inventory spreadsheet here.
Some of the supplies we use for inventory:
- Shelving to store inventory in the garage
- Bins to put the inventory in
- Bags to keep the inventory organized in the bins
Take good photos
Good photos aren’t that hard because camera phones have come a long way. Back when I started reselling I had to actually use a digital camera, upload the photos, crop them and then upload them to the website. Now with a phone you can take much better quality photos and, with some apps, upload them directly to the listing.
For good photos you want: bright and even lighting, plain/clutter free background and to have the item in focus.
A simple trifold board on the floor near a window can work wonders, but there are tons of different options out there. It’s important not to jump in and spend a bunch of money if you don’t have it. Over time you can always add things like backdrops, ring lights and mannequins.
Learn how to list
Other than sourcing, listing will likely be what you’ll be spending most of your time on. This means uploading your item onto the marketplace of your choice.
Many people are a little put off by listing at first because it seems complicated, but I promise you after you’ve listed some items you will get used to it and it will get easier.
When listing make sure you include good keywords which are words that people will search for when looking for your item. It can help to pretend that you’re the buyer looking for the item you have and think about what you would search to find that item.
Here’s what your listings should include:
- Title with good keywords
- Condition (be honest!)
- Any flaws
- Measurements (if needed, depending on item)
- Any features such as material, etc. that you can note for the buyer
- Good photos (as many as posisble, but at least 4)
Have shipping supplies ready
When you sell your first items you don’t want to be scrambling trying to find shipping supplies. Make sure that you have some shipping supplies to get started. You can totally reuse boxes that you’ve received in the mail as long as they are clean, sturdy and still look good.
What you’ll need will truly depend on the items you’re selling.
If you’re mostly selling clothing you’ll probably be fine with just some polymailers.
One of the most important things is to keep learning! At first it seems hard because you don’t know what to buy, you don’t want to waste your money, etc. But as you gain knowledge and start to recognize things that sell without having to look them up it’ll become easier as with anything else.
Over time you’ll find better places to source inventory, you’ll change the way you ship, you may change what items you sell. Your business will evolve as you get used to it and start to gain that experience.
Best Reselling Tools & Supplies
While you definitely don’t need to go and spend a ton of money to get started, I did want to mention my favorite tools and supplies for reselling.
- Free USPS Priority Mail Supplies
- Vendoo (for crossposting – 25% off first month!)
- Free Inventory Tracking Spreadsheet
- Shipping scale
- Polymailers (cheap)
- Ring Light
- Polymailers (fun prints)
- Half sheet labels
- Suede brush
- Sweater shaver
- Leather cleaner/conditioner
- White paper background
- Stretch wrap
- Bubble wrap
- Dymo label printer
- Dymo shipping labels
- Inventory bags
- Giant lint roller
Like I said above, you don’t need all of this to get started! I literally started with $0 and just bought stuff as I had to. Starting a reselling business is one of the easiest ways to start making money from home, but you still have to be strategic and treat it like a business.