Selling New vs. Used Products

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I was reading a report today that basically said:

"Used goods are very profitable but the real money is in new goods."

This was a question I had been thinking about for awhile as I have seen a number of courses talking about how one can make money getting used products from various sources and selling them elsewhere for profit. However, my concern was how one could consistently get product in this way and so believe it would make it harder for you to get consistent profit through these means as you are only as good as the size of the second hand market. The second concern I have is how you are able to build up any brand or stable business if your product can change based on what is available in the second hand market.

So my question is what do you folks think about this statement? Do you agree with it? Disagree? Is this a case of weighing short term game with long term stability/gain?
#products #selling
  • Profile picture of the author powerofschool
    Generally, If you do Buy or Sell Used Products You will get more benefit in my opinion.
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  • Profile picture of the author repricerexpress
    Originally Posted by JDSalinger View Post

    I was reading a report today that basically said:

    "Used goods are very profitable but the real money is in new goods."

    This was a question I had been thinking about for awhile as I have seen a number of courses talking about how one can make money getting used products from various sources and selling them elsewhere for profit. However, my concern was how one could consistently get product in this way and so believe it would make it harder for you to get consistent profit through these means as you are only as good as the size of the second hand market. The second concern I have is how you are able to build up any brand or stable business if your product can change based on what is available in the second hand market.

    So my question is what do you folks think about this statement? Do you agree with it? Disagree? Is this a case of weighing short term game with long term stability/gain?
    It totally depends on where you plan to sell? Are you going to sell on Amazon, eBay, Play, your own webstore and/or other channels? Some products will sell better on one marketplace than another, for various reasons, so it's definitely a case of trying things out to see what works best.

    Yes, consistently finding quality used goods over the long term would seem to be more problematic if you're sourcing all the merchandise yourself but it's totally possible and there are many suppliers out there dealing only in used goods.

    I don't think it's a case of whether you sell new or used goods, but more about getting a consistent supply of stock you can sell at a profit. I know that's very boring, but in essence, that's what any seller is trying to do. If you're selling on Amazon specifically feel free to drop me a line as I know a thing or two!
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  • Profile picture of the author Young Gun
    Used goods = more chargebacks in my opinion.
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