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Are you looking to make some extra cash or start a serious side hustle that could become a full time income? If so, reselling products is a good option. Before you start though make sure you understand what the best things to buy and sell for profit are.
There are a few criteria that a product should meet to make it good for reselling.
- Low cost, high sale price (you want to make the most money you can for the time you put in).
- Buy best sellers to resell. These items will sell fast and allow you to make a quick profit.
- For those selling online, try to find items lightweight and easy to ship.
Related Article: 11 Critical Tips for Selling on eBay
Learning which products you can buy cheap and sell high will have the most impact to your bottom line. Knowing where to find these products is half the battle. You can try:
- Thrift stores
- Garage or yard sales
- Clearance sections at big-box retail stores such as Walmart
- Flea markets
- Online clearance
You might have to do a little digging, but you can certainly find things to buy and sell to make money at these places.
Apps for Pricing and Selling
There are a variety of apps available to help you determine the resale value of the items you’re able to find. Here are two popular ones:
- Profit bandit – Allows you to scan the barcode of an item and immediately get results straight from Amazon’s API. The potential profit is calculated using 15 factors, including fees and shipping costs. It also alerts you if the item is on the restricted sell list, so you don’t bother buying it.
- Terrapeak – This is an exclusive eBay insights tool that allows you to research products. You can analyze pricing trends, sales volume and product availability over time. You can also filter by item condition or sales format.
For more info on how much an item sells on eBay, check out this video. It walks you through how to use the eBay app to see how well items are selling.
Related Article: Clever Tips for How to List Items on eBay
Use Rakuten when Buying Products
Rakuten used to only be for online shopping. In recent years they have expanded to in-store shopping as well. Many big-box retailers are signed up with Rakuten, so if you’re doing retail arbitrage this is a very useful savings tool.
Rakuten offers anywhere from a 1% to over a 10% rebate on items you purchase at these stores. All you have to do when shopping online is go to Rakuten’s website, click the stores link you are buying from and then make your purchase. Your rebate money will show up in your account within a day or two.
For in-person purchases with Rakuten, you need to select your offer in the app and link your credit card to the offer before you buy. Then, when you buy with the linked card you will earn cash back. It’s that easy!
New members who use the below link get a $40 sign up bonus so long as you spend $40 in the first 90 days.
Buy Through Ibotta
Ibotta is another company that offers cashback rebates when you use their app to buy at select stores. Most people think of Ibotta as a way to save on groceries, but their rebates far extend past groceries.
You can earn cashback at stores like Macy’s, Nike, Kohl’s and JcPenney’s. These stores all offer great reselling options if you are scouring their clearance items.
With Ibotta you can earn up to 10% cashback at some of these stores. Another perk of Ibotta is they have several bonus offers you can earn just by shopping through their app.
New members are eligible for up to $20 in welcome bonuses.
Best Things to Buy and Sell for Profit
For online resellers, clothes can be a great item to resell as they are lightweight and easy to ship. Most clothes can fit into a poly mailer bag and ship out through USPS first class mail if it’s under 13 oz.
#1 – Brand name clothing – Levi’s, Ralph Lauren and The North Face are a few well-known, very popular brands that sell for a good profit margin.
#2 – Activewear –Brand names such as Nike, Adidas and Lululemon move quick.
#3 – Sleepwear – People often forget about sleepwear at the big-box retailers, so many great deals can be found on clearance for resale.
#4 – Socks – Scour the clearance shelfs at those big-box retailers. You might find large packs of Nike or Adidas socks selling for cheap that you can turn around and sell for a quick profit.
People want to accessories themselves in style. This category is loaded with great gift people often seek out for others or as a special treat for themselves.
#5 – Shoes – Athletic shoes are particularly hot. Name brands like Nike and Adidas sell very well. Also, Testoni is a popular dress shoe that has a high resale value.
#6 – Handbags – Women love their handbags and are often willing to pay up for a nice one. Some of the best brands are Coach, Kate Spade and Gucci.
#7 – Sunglasses – Ray Ban’s are hugely popular and sell very well.
#8 – Minimalist Jewelry – Think simple, yet elegant. Woman want to look nice without over doing it these days.
Personal care is important to most people. Taking care of our personal appearance makes us feel good and often boosts our confidence when interacting with others.
#9 – Beauty products – These range from teeth whiteners to hair dryers to face moisturizers.
#10 – Men’s grooming products – Beard grooming kits are especially popular these days. Skinceuticals and Baxter of California are a couple popular grooming brands for men’s skin. Skinceuticals is rather costly so if you can buy this low, it’s a great resale item.
#11 – Spa essentials – Massagers, essentials oils, bath salts and scented candles all sell well in this category.
Always a popular category, electronics sell very well, especially name brands.
#12 – Smart watches – Don’t just think Apple iWatch. Big name brands such as Fossil and Samsung have smart watches too.
#13 – USB charging dock – Charging docks with multiple input slots are in high demand.
#14 – Phone accessories – Screen protectors and screen cases are a must these days. Also, popular in this category are rapid phone chargers and wireless Bluetooth headphones.
#15 – Fitness Tracker Watch – Fitbit and Garmin lead the pack with their sleek and technologically advanced fitness watches.
#16 – Video games – GameStop and thrift stores are a great place to look for cheap video games that can bought low and sold high, if you know what games to buy. You can’t go wrong with anything Mario Bros.
#17 – Video game consoles – Similar to video games, check your local GameStop or garage sales in your area to find deals on video game consoles that you can resell.
#18 – Books – Bookscouter is a great app that can tell you how much a book is worth. You can download the app and scan books as you find them.
#19 – Sports equipment – particularly with youth sports there’s good resale value in sporting equipment. Often, young kids try out a new sport and decide it’s not for them. The sporting equipment they used is gently used and can easily be resold.
#20 – Toys – Check Marshall’s, TJ Maxx or Ross for deep discounts on toys that can be resold for a nice profit.
#21 – Water bottles – Everyone carries a water bottle around with them these days. They come in all shapes and sizes and sell quickly.
Related Article: Best Things to Sell on eBay to Make Money
These are 21 of the best things to buy and sell for profit. Now that you know what to look for when you’re out shopping, it’ll be easier to focus on buying products you can buy cheap and sell high.
If you’re new to this, focus on just one or two categories to start with. Master those categories and then move on to new categories once you are comfortable. You may even decide just those one or two categories is all you need to be successful.
Now that you are armed with a list of things to buy and sell to make money, you should start seeing money come in quickly. Best wishes for a promising future in reselling!