βDo You Think It Is Worth Reselling Books?β
I recently received this question on our Instagram page followed up with βif so, what platform do you recommend?β
My answer was two fold:
Reselling is always worth it if the margin is there.
To me, it doesnβt matter what you are reselling so long as 1000% gross profit margin is evident.
Let me explain.
If you buy an item for $1, then the resell price needs to be $10 or more.
If you buy an item for $2, then the resell price needs to be $20 or more.
In each scenario, the item will gross you 1000% in profit.
To determine the resell value, you will need to pull comps.
Related: Stop Doing This If You Want to Make Money Reselling Online
Resell on as many platforms as possible.
I recommend always starting with eBay and Poshmark. Then expand to additional platforms where applicable.
Etsy is great for vintage items.
Chairish is great for high end vintage items.
The more eyes you can get on a listing, then greater your chances of selling it!
Similar Articles
Make it stand out
Whatever it is, the way you tell your story online can make all the difference.
Is my Pyrex worth anything?