Reselling involves buying items at a low price to resell them at a higher price and make a profit. It can be an extremely lucrative activity, but you must have a well-defined strategy and use appropriate tools.

How to Start Reselling?

1- Finding Items to Buy

Not surprisingly, the first step in reselling is to find items to buy. You generally have 3 methods:

The Manual Method

You can browse second-hand classified sites to find great deals, but this approach can be inefficient and time-consuming.

Indeed, there are many items that you could potentially buy, and it is simply impossible to know all the prices in the market. Knowing if you’re getting a good second-hand deal often requires time to compare with similar listings.

For this method, we recommend focusing on a niche. You will quickly develop your knowledge about these specific products, and it will be easier for you to stand out from the competition.

Using Notification Bots

To not miss the best deals, many resellers turn to notification bots. This practice is very common for buying clothes. These tools alert you as soon as an item matching your criteria is listed, often triggered by the mention of a certain brand in the ad.

"Hey Siri, send me a notification as soon as a 'Carhartt' product is listed on Vinted for less than €5."

Several bots compete to provide notifications on the same listings, which is why they often boast about being "zero delay" bots, capable of notifying you before others.

Be careful: these alerts can be quite intrusive. You may receive many notifications, and you have to react faster than other users.

Using DealTracker

DealTracker takes into account the real price of items and offers you a summary of deals where the price is significantly lower than the market average. Our system uses image recognition to reliably identify the items being sold.

We list many types of items, with higher margins than typical reselling for profit. We work hard to offer you a solution that overcomes the drawbacks of traditional methods, so that you can focus on managing your sales and increasing your profits.

You can learn more about DealTracker’s method in our dedicated article.

2- Buying the Items You Selected

Once you have spotted an item that seems undervalued, you will need to buy it so that you can later resell it at a profit.

Make Sure the Item Meets Your Expectations

Ensure that the item you have selected is in good condition and does not appear to be counterfeit. Prefer meeting in person in case of doubt, as this allows you to verify the item at the time of purchase.

Attention: Be very careful with your purchases, as DealTracker can make mistakes. We do not guarantee the value of the items sold and decline any responsibility in case of an error by our algorithm.

Purchase the Item

Depending on the platform listing the item, the buying method will differ. For example, on Vinted, you can buy directly in just a few clicks. On Leboncoin, you need to contact the seller and arrange a method for the exchange (delivery or in-person meeting).

Politeness and responsiveness are crucial aspects of reselling. Always be courteous and professional in your interactions with sellers. Respond quickly to their questions and messages to increase your chances of making a purchase. A polite and responsive buyer inspires trust and creates a good impression, which can often make the difference between a successful purchase and a missed opportunity.

If Applicable, Pick Up the Item in Person

Delivery is often preferred by resellers as it allows for managing a larger volume of sales more easily. However, items available for delivery are often cheap and offer a low profit margin upon resale.

Picking up the item in person often allows you to strike more interesting deals. You are less in competition with other resellers, and it allows you to see the item before purchasing it.

3- Resell Your Items for Profit

Setting Your Selling Price

To maximize your profits, it is essential to set attractive prices while still making a margin. The first step is to analyze the market prices for your item to determine a competitive price.

Your selling price will also determine how quickly you can sell your item. The lower the price, the faster it sells. Therefore, you need to find the right balance between sales speed and profit margin.

Present Your Item Well

When selling your item, present it with high-quality photos: use good lighting, take shots from different angles, and highlight special features as well as any defects to build trust.

Accompany these photos with detailed descriptions including all relevant information such as the brand and model, dimensions, condition of the item, and the reasons for selling it at that price.

A good visual and textual presentation is essential to attract attention and encourage sales.

Conclusion

Reselling is an exciting activity that offers many opportunities, but it requires a strategic approach. Each selling platform has its own advantages and challenges, which you need to understand in order to optimize your profits.

The DealTracker tool stands out as an essential solution to optimize your reselling activity. Its advanced technology, which combines image recognition and price analysis, allows you to uncover the best deals faster and more efficiently than ever.

With DealTracker, transform your knack for hunting great deals into a profitable venture!