MasterA
Level 1
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Lots of people resell services and makes good profit. Think about a Supermarket. They get their products from suppliers and effectively, they are reseller their products. Asymmetric information is when one party knows more information than another party. If you know suppliers and your buyers don't, then you can reseller their products or services to make a profit and that mean you don't need the skills or knowledge to sell these services because other people will do the work for you. This is where you can make a profit.
However, there are disadvantages with this method. You will need to sell your services for a high price to make a profit out of it as the supplier probably won't sell it to you for very cheap and you need to make a good profit. Another disadvantage is that if your reseller is unreliable then it can hurt your reputation so you need to be very careful when seeking a supplier.
Do you think reselling products or services is profitable?
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TommyCarey
It's all about the pitch, if it's good, you can sell anything
When you're reselling something you'll need to make sure the person, or company, you're buying from is credible. I'll use sellers here on Seocheckout as an example. If you want to sell an SEO service you'll type in your keyword and search for the right one. Look for something that you would buy yourself because it would give you a boost in the SERPs and that's what you'll want to sell to your traffic. Now you'll need to filter out all the bad sellers so that you know for sure you're getting a good product. When I'm reselling I'll never use someone who is under Lvl 3 because I want someone who is here daily and doing work. I'll also check the reviews and how many times they have sold their service. If they have tons of positive reviews and a lot of sales, I'll usually resell those services. You'll now want to contact the seller to see exactly what they'll need for the service to begin, and that's what you'll ask your clients for. Asking the seller for this information will help you understand what you need from your clients, if the seller responds quick, and if there is a language barrier which can be annoying sometimes. When you're reselling the original service, make sure to increase the amount of days for completion on your website just in case the buyer sends you the report late. If the seller says everything will be done in 5 days, you should say it will take 7 to 10 days to complete. This way you've got a little time bubble and if the seller completes the order on time, you'll look good because the job is getting done quicker in the eyes of the buyer
Reselling stuff is pretty simple as long as you keep in touch with your clients to let them know that everything is going well. Customer support is your main concern with this after you find good sellers. If you offer crumby support, you'll definitely see a lot of disputes, claims and charge backs because the buyers will think you're just scamming them. I resell a ton of stuff and make a decent profit off of each sale. Normally I'll increase the price by 100% so if something costs me $10 I'll sell it for $20. It's all about the pitch, if it's good, you can sell anything :D And I'm so good at my pitches that I could be in the MLB lol. When you're reselling something you'll need to make sure the person, or company, you're buying from is credible. I'll use sellers here on SeoClerks as an example. If you want to sell an SEO service you'll type in your keyword and search for the right one. Look for something that you would buy yourself because it would give you a boost in the SERPs and that's what you'll want to sell to your traffic. Now you'll need to filter out all the bad sellers so that you know for sure you're getting a good product. When I'm reselling I'll never use someone who is under Lvl 3 because I want someone who is here daily and doing work. I'll also check the reviews and how many times they have sold their service. If they have tons of positive reviews and a lot of sales, I'll usually resell those services. You'll now want to contact the seller to see exactly what they'll need for the service to begin, and that's what you'll ask your clients for. Asking the seller for this information will help you understand what you need from your clients, if the seller responds quick, and if there is a language barrier which can be annoying sometimes. When you're reselling the original service, make sure to increase the amount of days for completion on your website just in case the buyer sends you the report late. If the seller says everything will be done in 5 days, you should say it will take 7 to 10 days to complete. This way you've got a little time bubble and if the seller completes the order on time, you'll look good because the job is getting done quicker in the eyes of the buyer :D Reselling stuff is pretty simple as long as you keep in touch with your clients to let them know that everything is going well. Customer support is your main concern with this after you find good sellers. If you offer crumby support, you'll definitely see a lot of disputes, claims and charge backs because the buyers will think you're just scamming them.
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