Successful Resellers Share Proven Strategies for Turning Side Hustles into Full-Time Profits
3 Individuals Who Turned Their Reselling Side Hustles Into Full-Time Gigs Share Their Strategies for Finding Profitable Products
Source: Business Insider
Niche Down
- Successful resellers often focus on specific categories they are familiar with, such as clothing, sneakers, or electronics.
- Kendall VanGilder leveraged her retail experience to excel in clothing resale, stating it was a natural progression for her.
- Val Zapata, a sneaker enthusiast, has built a seven-figure business by focusing on sneakers, demonstrating the importance of passion in choosing a niche.
- Richard S. concentrates on staple brands like Nike and Lululemon, fine-tuning his approach to target specific, high-demand items within those brands.
Lean on Data and Market Trends
- Utilizing data helps resellers identify what products are selling well rather than relying on personal preference.
- Richard S. recommends spending time reviewing the "sold items" section on eBay to gain insights into trending products.
- VanGilder searches for high-value items within broad categories to discover potential brands for sourcing.
- Zapata keeps tabs on sneaker trends through events and the purchases of fellow resellers to inform her sourcing strategy.
Consistency Wins
- Engaging consistently with the market increases the chances of finding profitable items.
- Richard S. emphasizes not just seeking rare items but also understanding that the majority of valuable finds are common items in high demand.
- Continuous experimentation with listings and strategic sourcing allows resellers to uncover high-value opportunities.