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Reselling is a career or side gig that more and more people are turning to. There are a few reasons for that: anyone can do it, you get to make your own hours, you can use the money to fund what’s important to you, and it’s easy to do! There are even some resellers who use their business as a way to give back to their community. That’s why whether you’re a suburban family of four or an aspiring entrepreneur looking for a new business opportunity in the US, reselling can be for anyone.
B-Stock is the launching pad for your reselling business. You can be full-time or part-time, looking for pallets or truckloads, have a small business or large one—our liquidation marketplaces are sure to carry the inventory you’re looking for! (And the inventory you didn’t know you needed yet.) With access to over 1,500 daily live auctions of liquidated goods from retailers recognized far and wide, everyone can get a piece of the pie.
To help shed some light on if reselling is right for you, we included a few testimonials from B-Stock buyers who share their reselling experiences. Plus, why reselling overstock and customer returns is a good place to start.
If you’ve had any experience selling your own used goods, or maybe something that you never even opened, then you’re already halfway there.
B-Stock buyer and stay-at-home mom, Amberly Bliss, turned to her reselling side gig as a way to earn “fun” income. Amberly’s reselling business not only provides flexibility to do things like attend every baseball game and volunteer at her children’s school, but also funds family activities like skiing and taking their RV for a spin! And when she is working, even the kids get in on the fun and help with the post office drop-offs!
[In regards to her proudest accomplishment] Knowing that all my work funds those awesome trips we do. Being able to contribute to my family but in a way that I can still be there all the time, too. I’m not working these crazy long hours while they’re with a babysitter. I think I have the best of both worlds!”
-Amberly Bliss, Owner of Retail Deals
Reselling offers tons of flexibility when it comes to the time commitment and amount of inventory you need to get started. With buying options like parcels, pallets, and truckloads, buyers of all sizes can participate. A parcel or pallet of liquidated goods is a great place to start for first-timers. On the flip side, wholesalers who purchase truckloads at a time and have multiple employees can move on to their next deal more quickly. Ultimately, you only work when you want and as much as you’d like.
Whether you want a side gig that is part-time or transition into full-time, reselling is a perfect choice. There are some resellers who use their spare time to buy goods and resell online on sites like Poshmark and Facebook Marketplace. Or, you can commit a day to head out to the local flea market and sell goods in person. Eventually, some resellers will choose to open their own brick-and-mortar location and offer savings to in-person shoppers!
Many resellers will choose to start online since it’s accessible and straightforward. When selling online, a bulk of the work happens when you first receive inventory, then once you’ve sorted and photographed it, simply list your items and wait for it to sell! Full-time resellers often sell to other businesses on a wholesale basis. Or, export their goods to other countries. With multiple contracts and clientele, your resale business can easily turn full-time.
There are also resellers that use B-Stock as a starting point to launch into their next business. B-Stock buyer Sufyan Shareef of Galaxy Home Supplies shared his plan:
“My aim is to make my own brand someday. I am going to make it something close to TJ Maxx or HomeGoods. I have the space, the goods (if it doesn’t change a lot), and B-Stock always brings more brands.”
-Sufyan Shareef, Owner of Galaxy Home Supplies
Since the basics of reselling are based on the concept of retail arbitrage, it’s a fairly easy side gig to pick up. Retail arbitrage is simply purchasing products from a retailer at a lower price and reselling them for profit. If done right, buyers-turned-merchants can sell the products at a much higher profit margin than the original discounted price.
“This is truly your own business. Your profits are your profits. So many moms are missing the mark on something like this [a resale business]. I tell my neighbors, give it a shot, start selling some things around your house. It’s not rocket science. If you want to put in the hard work, it’s a great way to contribute.”
Reselling is good for supplementing parts of your family income, too. For example, if you want to start a savings account to fund any upcoming family trips or big purchases, you can put your reselling earnings to good use. B-Stock buyer, Danielle Freedman funded her children’s private school education with her profits!
“I didn’t ask for help from anybody but I was able to use that money [from reselling] and make it happen. Me, myself, and I.”
-Danielle Freedman, Owner of Joys of Shopping Smart
Then there are certain buyers who buy liquidated goods for altruistic purposes. One B-Stock buyer, Barry Berkowitz, set up their operation strictly to increase their impact within local communities and schools.
“My children’s school, South Peninsula Hebrew Day School, has really benefited a lot from pallets like cleaning supplies and office supplies. I’ve also provided over 150 Chromebooks for the students. And actually, just last week, we purchased refurbished laptops for the teachers.”
If you’re looking to find more opportunities to make an impact with liquidation merchandise. Barry breaks it down like this:
“If you were to invest $10,000 you might be able to make that $50,000 worth of products that you would be contributing to these nonprofits. I think this is a very creative way to help others and give back, particularly during the holiday time.”
-Barry Berkowitz, B-Stock Buyer
As a reseller, you have access to discounted goods in bulk. It’s as easy as logging onto your computer or checking your phone! All B-Stock marketplaces are available to registered buyers, simply submit a valid reseller’s certificate and wait to be approved. You will have access to liquidation auctions happening daily. So if you don’t have hours to dedicate to checking clearance racks and sourcing in person, online auctions are a time-efficient alternative!
“We know of one reseller that has turned their two-car garage into their warehouse and she sells totally online. And they both have decent jobs – they do this for fun, the kids are getting involved. But they’ll buy two or three skids [pallets] at a time. They sort it, they put it on shelves, they get it online and then they get two or three more [pallets]. They actually looked at doing this for vacation money and they’re actually turning it into a full-time income.”
-Kevin Morrison, Owner of International Liquidations
There you have it! Reselling can contribute to your vacation plans, fund your child’s school, allow you to give back, or simply be your own boss. The reasons people turn to reselling as a business or side gig are endless. For whatever inventory you’re looking for, there’s a B-Stock auction for you. Start browsing live auctions now!