22 Reselling Business Ideas You Can Start in 2023 (Quick Money)
Are you looking to start a reselling business but not sure what to start?
The good news is there are so many reselling business ideas you can start and earn a decent profit margin.
If you're looking to start your own reselling business idea, there are several low-investment options you can choose from.
We put together a list of the most profitable resell business ideas you can start today!
Here they are:
1. Start a LEGO reselling business
Lego is a plastic toy manufacturing business that only produces and sells limited sets over a short period.
Since the company produces limited sets over a certain period, starting a LEGO reselling business can be lucrative. You might buy the toys at a reduced price and resell them at a huge profit margin.
To Start a LEGO reselling business, identify a niche from the several LEGO themes, and prepare a plan for storing the sets, so they remain in pristine condition.
My name is Matthew Fiore, a senior in high school and a long-time LEGO lover. I also turned my passion into a business. Three years ago I started Summerfield’s Toys, an online reseller of LEGO sets and individual bricks.
My basement is filled with thousands of bricks for me to use and imagine with. I enjoy the LEGO Star Wars, Marvel, and City themes. I build to express my creativity, work through a problem, or recharge. Best of all, I get to share that passion with LEGO lovers across the world, help parents connect with their children, allow a collector to find a missing set or brick, as well as help an adult reconnect with their love of LEGO.
2. Start a sneaker reseller business
Sneaker reselling is a pretty great way to make money.
As a sneaker reselling business, you can purchase shoes directly from retailers or manufacturers and resell them to consumers at a profit.
The secret to a successful sneaker reselling business is to buy low and sell higher. You can start an online sneaker reselling business or sell the sneakers locally.
To maximize the profit margins, it might be worth holding out the best sneaker brands until the demand is high. Sometimes, the best deal on sneakers is when they have sold out.
My name is Chris Casseday, and I am the founder of 513 Kicks, an online sneaker shop that offers collectible athletic shoes at unrivaled prices. I founded 513 Kicks in 2017, but I have been selling sneakers online for over 21 years. The type of sneakers that are featured in the shop are ones that are in high demand, vintage, or bring feelings of nostalgia to my customers. In other words, these are not sneakers that you’ll find at your local brick and mortar retail store today.
Prior to launching 513 Kicks, selling sneakers online would bring in some money for me on a sporadic basis - $100 one month, $500 the next. Now, after almost two years, the average profit per month is around $2,000. The biggest shift came through branding my selling efforts as “513 Kicks” as opposed to just another guy that loves sneakers, and sells them occasionally. This added a layer of credibility that has resulted in me making new connections, easily obtaining new inventory with large profit potential, and much more.
3. Start a boutique
You may consider opening a boutique if you are passionate about the fashion and textile industry.
A boutique is a shop that sells clothes. Opening a boutique is a dream for entrepreneurs who want to experience the joy and freedom of owning a cash business. Starting a boutique is easy and can be managed by a single individual. In addition, a boutique requires a comparatively smaller capital to start.
To succeed, the boutique owner must coming creativity and passion.
Hi everyone, my name is Gia, and I am the owner of Boutique Rye. We are a women’s clothing and accessories boutique that is all online!
We have anywhere from clothes that are appropriate for work or clothes that will make you turn heads on a night out on the town. I try and buy clothes with many different styles in mind. I'd like to think that we are a one-stop shop for a diverse group of women!
4. Start a subscription box business
A subscription box business is a type of business where customers subscribe to receive a niche set of products on a monthly basis. Subscription boxes are in high demand today as customers enjoy receiving a variety of products from various brands.
Some of the benefits of starting a subscription box business are:
- The revenue is predictable as it is a recurring business
- Adds more value to customer service as this creates a unique shopping experience
- Customers can access exclusive products and also customize them based on their interest
- Profit margin can range from 40%-60%
You can start a subscription box business by understanding the real market needs. Because of its highly competitive nature, finding your niche and providing quality products based on your customer's interests is important. Additionally, it is important to decide what items should go in your box. The box's quantity, size, and design are crucial to grabbing the customer's attention. Apart from the basics, you should also make sure that the items are bright and colorful.
Lastly, building a good relationship with the fulfillment companies will be profitable as this business is a routine task. For example, if you have 100 subscribers, you will need a service to pick up and deliver your products. In addition to this, marketing your service can be an advantage. To promote the service, you can build your website and create special offers to attract and retain customers.
I’m Lindsay Scholz, and I’m the founder of Vowed Box Co. – a line of curated, quirky gift boxes with non-traditional brides in mind.
Since the brand is still in its infancy and we’re still working through wholesale costs, my monthly income is roughly $600. For being a side business, I look at any profit as a win, but of course, the goal is to see this grow in 2019!
5. Start a brokerage business
A brokerage business is a middleman who connects buyers and sellers to complete a transaction for stock shares, bonds, options, and other financial instruments.
Brokers earn a commission or a one-off fee charged when the transaction has been completed.
To start a brokerage business, find a suitable niche and research the market. Depending on the niche, you might have to apply for the broker’s license.
Besides, some states require a professional qualification to allow one to start a brokerage company.
- Mark Daoust is the CEO and founder of Quiet Light Brokerage.
- He has been mentoring company owners who are considering selling their businesses since the establishment of the company in 2007.
- The Quiet Light team of business developers helps to plan the most effective time and strategy for selling your business.
- Their aim is to support those who are new to the prospect of buying and selling their businesses.
Listen to the full podcast on domainmagnate.com/ ➜
6. Start an import-export brokerage business
An import-export broker facilitates the trade of goods and commodities between foreign companies. Essentially, they buy goods internationally and ship them in for domestic purchases.
International trade has become a hot industry in the current day and age. As a result, how to import and export is a popular inquiry among traders. Therefore, starting an import-export business could be a profitable venture.
To start an import-export business, decide the type of business you want to focus on, identify the target customers, register, and start marketing your business.
7. Start an antique furniture refurbishing business
Antique furniture is a collectible interior furnishing that adds a timeless quality to a space. Antique furniture features attractive designs that looked good 50 or 100 years ago and remains attractive today.
8. Start a vintage reselling business
Designer vintage collection rises in value as it ages, making it a profitable business.
To start the vintage reselling business, research the market to find highly valued items. Then, analyze the target audience to determine what qualities they are likely to look out for when buying vintage products.
To start the business, you can source vintage products from craigslist and eBay.
Provided you can source quality products and target an audience with a bigger budget, you can earn good profits from a vintage reselling business.
9. Start a ticket reselling business
Ticket reselling is a brokering business where you purchase event tickets in bulk and resell them at a higher price. Ticket reselling allows you to make more money within less time, so long as you target the busiest times and market well.
To become a professional ticket reseller, join a ticket broker association and choose a specialty niche. Obtain necessary business licensure, build a professional website, and market your ticket broker business.
10. Become a domain reseller
A domain reseller is an act of buying domain names from an accredited domain registrar to sell to customers as a service.
Thus, a domain reseller is a middleman between the registrar and the domain name customer. To become a domain reseller, learn the basics of domain reselling and choose the best domain reseller program based on your business objective.
Hi, I’m Laurids the founder of Indiebrands. I’m 25 years old and live in the beautiful city of Vienna, Austria.
11. Start an amazon reseller business
An Amazon reseller sources products at wholesale prices and sells them on Amazon. To start an Amazon reseller business, choose a low-competition product. Low competition products offer a great way to establish your brand as a leader in particular product categories.
To grow your business, ensure high-profit margin products, as selling only the low-profit margin products can curtail your business growth.
Hello! I’m Craig, I’m a 34-year-old Dad to 3 young boys and I live in the UK.
This is a photo of where it all began once I had quit my day job and rented desk space in April 2016:
12. Start an ecommerce reselling business
An eCommerce reseller purchases services or goods for resale rather than consumption. Becoming an eCommerce reseller is a great way to launch an online business without worrying about production costs.
To start an eCommerce reseller business, you do not need a website immediately! You can focus on a social media-based reseller business and create a website later as your business grows.
My name is Greg Shuey and I am the founder of Empyre Off-Road. Empyre Off-Road is an online e-commerce business that sells aftermarket parts for Toyota Tacoma, Tundra, and 4Runner vehicles.
13. Start a clothing reselling business
Clothes reselling is a proven money-making business where you purchase clothes at wholesale price and resell them at a retail price. A clothes reseller makes anywhere between 20% and 50% profit on the clothes they resell.
An advantage of starting clothes reselling business is you can focus on vintage, children's, men’s, or women’s clothing.
Bella McFadden (a.k.a. Internet Girl) started iGirl in 2017, while she was a teenager growing up in Canada and building an alt-fashion community from the bottom using only social media, her own selected wardrobe, and Depop, a social e-commerce platform to buy & sell fashion.
Her aesthetic sense, inspired by Y2K emo culture made iGirl the underground internet's hottest commodity.
iGirl has quite a strong social media presence, and she uses this to her advantage to market her products online. The iGirl Instagram account has more than 380K followers and Bella’s YouTube channel Internet Girl has over 138K subscribers.
iGirl quickly went viral & instantly became popular in the goth-loving community once they launched their cult classic original accessories and apparel.
Bella became Depop’s first user to earn over 1 million dollars, is now living her best life in Los Angeles. As of Oct. 1, she's making the leap from app user to launching her own website, igirlworld.com, where she'll move away from resale and focus on selling her original designs under her brand name, iGirl.
Read the full story on thestar.com ➜
14. Start a dropshipping reseller
Drop shipping is a retail fulfilment method in which the retailer does not keep goods in stock but instead transfers customer orders and shipment details to either the manufacturer, another retailer, or a wholesaler, who then ships the goods directly to the customer.
Drop shipping doesn't require much investment and it has a low risk because it doesn't require upfront costs. Besides, dropshipping can be a profitable business model for merchants since they do not pay for shipping or cost of product manufacturing.
To start the business follow these steps:
- Choose a niche
- Perform competition research
- Find a reputable manufacturer/supplier
- Build an online store
- Market your store
- Analyze and improve your offering
If you do not want to create a dropshipping business from scratch, you can find a dropshipping business for sale on exchange marketplace.
Hello, my name is Kamil Sattar. I am an entrepreneur who’s developed many six-figure drop shipping businesses. I’ve also created systems to maximize opportunities in different markets and I’ve started companies in many industries. One of those companies specializes in helping people who are seeking to create drop ship companies of their own.
Of course, with every store that I open, I am able to learn new things. With every new thing that I learn, it helps me improve my system that I use to create these six and seven-figure stores and it helps me improve my process for helping others generate their stores.
15. Start a refurbishing electronic products business
Electronics refurbishing business repairs damaged or malfunctioning equipment such as televisions, stereos, computers, phones, and gaming devices.
If you have the necessary electronics repair skills, you can start a computer or electronic repair business, where you repair and resell the electronic equipment.
Although electronics is a saturated marketplace, you can build a successful business with the right approach.
The target market for an electronics refurbishing business mostly includes the low and middle-level income population with lower spending power.
16. Estate seller
Estate sale companies, also known as estate liquidation or tag sale companies, offer a cost-effective way of selling the entire contents of loved ones' estate after their death or divorce.
The increased aging population is one of the factors boosting the demand for estate sale businesses. Moreover, more than 2.4 million divorces occur annually in the US, and each requires the services of an estate sale liquidator.
Therefore, starting an estate sale business is a viable business opportunity.
An estate sale business is a low startup venture and often simple to start. Besides, estate sale businesses feature a straightforward and scalable business model as you can choose when to work and where to work.
If you are interested in starting this kind of business, first study the market dynamics and decide if it is the right business. Then, come up with a business plan and a marketing plan so you can get your brand known to customers.
17. Start a jewelry reselling business
Jewelry reselling business is often an overlooked business idea. However, many want to dispose of their old jewelry, especially after a divorce or selling estate pieces.
If you are interested in a fashion business but unsure where to start, you may consider buying jewelry and reselling it for a profit.
To start the jewelry reselling business, target those looking to sell pre-owned jewelry and purchase at a lower price. You can start a jewelry sale website or sell to local customers from a brick & mortar establishment.
18. Start a designer clothing reselling business
Designer clothing is expensive luxury clothing considered high-quality for the general public.
A designer clothing reseller buys clothes from designers at a wholesale price and sells to the consumers at a retail price, with a high-profit margin.
More people are willing to spend money on designer clothes with increased consumer buying power. Therefore, if you are interested in starting a clothing-related business but not sure what to start, you may want to start a designer clothing resale business.
19. Start an ebay reseller business
The basic idea of eBay reselling is to buy a discounted product, sell it on eBay, and ship it out for a profit.
Buying and reselling on eBay can be a profitable business. You can pick something at a lower price during its off-peak selling season and resell it individually when its demand is high.
To start an eBay reselling business, you should register as a business seller.
20. Become an Alibaba reseller
Alibaba resellers buy products from a manufacturer or a supplier and sell them to retailers. To start, find a good product to sell on Alibaba. The things to consider when looking for products to buy and resell include:
- Is there a demand for the product?
- Can you source it cheap enough?
- Is there a healthy profit margin from the sale of that product?
Arguably, the most difficult step in finding a product to resell on Alibaba or any other online platform is the hardest step in starting the reselling business. Once you have found the most profitable niche, the next step is signing for your reseller account on alternative platforms like own Shopify, amazon, or eBay platform and uploading your listings.
21. Start an art reselling business
One of the most direct ways to make money is by reselling artwork. You can resell art you originally bought from a gallery through another gallery where the artist is represented.
Ideally, artists retain copyright to their art pieces, so it is illegal to sell, publicize and publish a copy of artwork unless the artist has given prior permission. Therefore, you cannot resell their piece to a gallery they are not represented.
22. Start a resell services business
A service reselling is a considerable way to make money without putting hours and resources into research and service development.
Many business owners, especially starters, prefer reselling services to potential customers at a profit.
Typically, such businesses will negotiate a price with the original service developer and resell it at a profit.
A good example of service reselling is when a business buys a white-label software, repackages it by adding its logo and business name, and reselling at a profit.
Hey! 👋 I'm Pat Walls, the founder of Starter Story.
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