Is "buying low and selling high" physical products still profitable? Is people still doing this?

16 replies
Is "buying low and selling high" still profitable? As in physical products, Is people still doing this? i was thinking about doing this but really don't know where and how to exactly start, Where to sell etc..., Do you guys know of any good courses about buying physical products for low and selling high/ basically flipping products?
#people #physical #products #profitable
  • Profile picture of the author bradstern
    That is the very basic concept of buying and selling. Otherwise, you won't get any profit.

    However, there is a point of abuse on the "selling high." Make sure you are on the 'reasonable' limit.
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    • Profile picture of the author imagoodguy
      Originally Posted by bradstern View Post

      That is the very basic concept of buying and selling. Otherwise, you won't get any profit.

      However, there is a point of abuse on the "selling high." Make sure you are on the 'reasonable' limit.
      Yeah i know that's what i'm saying.... Like where can you find products to buy for lower and where could you sell them for the best profits/ how can you properly sell them to make a good profit ?
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      • Profile picture of the author George Hutton
        Well if there was a simple place called "Low Priced Product Warehouse - Buy 'Em Cheap And Sell 'Em High" that would kind of defeat the purpose.

        Realize that people have been doing this for a long, long time, buying products, and then selling them.

        If you want to find "cheap" products and sell them at a premium, you're going to have to put in some grunt work. Find wholesalers, contact small shops in your area, check out garage sales.

        It's not as simple as finding a website with "cheap" products, and then copying and pasting the product info on another website where you can sell them at a profit.

        You'll also have to get creative. If there's any sufficient demand for Product X, and you can buy it cheap here and sell it expensive there, that's going to quickly dry up as entrepreneurs bring the prices together via competition.

        You may bundle certain products together in certain ways, combine products with your own unique "how to" guides to add on a couple bucks to the price, or anything else you can come up with.

        It certainly can be done, and will be done as long as people are buying and selling stuff.

        Just gotta be flexible, and always have an eye out for bargains, with a mindset of "I wonder if I can sell that on my website..."
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        • Profile picture of the author imagoodguy
          Originally Posted by George Hutton View Post

          Well if there was a simple place called "Low Priced Product Warehouse - Buy 'Em Cheap And Sell 'Em High" that would kind of defeat the purpose.

          Realize that people have been doing this for a long, long time, buying products, and then selling them.

          If you want to find "cheap" products and sell them at a premium, you're going to have to put in some grunt work. Find wholesalers, contact small shops in your area, check out garage sales.

          It's not as simple as finding a website with "cheap" products, and then copying and pasting the product info on another website where you can sell them at a profit.

          You'll also have to get creative. If there's any sufficient demand for Product X, and you can buy it cheap here and sell it expensive there, that's going to quickly dry up as entrepreneurs bring the prices together via competition.

          You may bundle certain products together in certain ways, combine products with your own unique "how to" guides to add on a couple bucks to the price, or anything else you can come up with.

          It certainly can be done, and will be done as long as people are buying and selling stuff.

          Just gotta be flexible, and always have an eye out for bargains, with a mindset of "I wonder if I can sell that on my website..."
          Thanks for the great advice I appreciate it... (sorry for the late response)
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  • Profile picture of the author Karen Blundell
    of course this still works - ever hear about the show called Storage Wars?

    They bid on and buy abandoned storage lockers, and sell the contents for profit.

    I know people who go to garage sales and buy stuff for a $1 or $2 and then sell them for $10+ on Kijiji or eBay -

    so yes, it's a great way to make very good money - but it requires work and a keen eye for deals.
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  • Profile picture of the author Patbinc
    Originally Posted by imagoodguy View Post

    Is "buying low and selling high" still profitable? As in physical products, Is people still doing this?
    Do you know any other way of doing profitable business? This is business 101, this is how its always been and how it will always be (at least for physical products). Otherwise where and how do you make profits?!
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  • Profile picture of the author Patbinc
    Originally Posted by imagoodguy View Post

    Is "buying low and selling high" still profitable? As in physical products, Is people still doing this?
    Do you know of any other way of doing business selling physical goods? That is the simple principle behind every physical goods businesses, whether manufacturing or buying their products from abroad. Yes its still profitable and yes its here to stay. Any other way and we won't call it business.
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    • Profile picture of the author imagoodguy
      Originally Posted by Patbinc View Post

      Do you know of any other way of doing business selling physical goods? That is the simple principle behind every physical goods businesses, whether manufacturing or buying their products from abroad. Yes its still profitable and yes its here to stay. Any other way and we won't call it business.
      Ok cool, thanks for informing me.
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  • Profile picture of the author WillMitchell
    Sure it is! I think that the particular buy-low-sell-high business model you're looking for is drop-shipping, and we actually have a sub-forum dedicated to the practice here on WarriorForum.

    Come over and say hi - eCommerce Sites and Wholesale Drop-Shipping Forum

    Oh, and you'll want to familiarize yourself with a few cursory resources before you arrive:

    Alibaba.com (or any other reseller directory site)
    Drop Shipping Wikipedia page
    Shopify's eCommerce Blog (checkout this post about drop shipping)

    You'll also want to keep an eye out for the WF user "Importexport" - he's an experienced drop shipper and, even though he just joined WF earlier this year, he's already shared tons of great tips throughout the eCommerce sub-forum.

    Hope this helps!

    - Will
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    • Profile picture of the author imagoodguy
      Originally Posted by WillMitchell View Post

      Sure it is! I think that the particular buy-low-sell-high business model you're looking for is drop-shipping, and we actually have a sub-forum dedicated to the practice here on WarriorForum.

      Come over and say hi - eCommerce Sites and Wholesale Drop-Shipping Forum

      Oh, and you'll want to familiarize yourself with a few cursory resources before you arrive:

      Alibaba.com (or any other reseller directory site)
      Drop Shipping Wikipedia page
      Shopify's eCommerce Blog (checkout this post about drop shipping)

      You'll also want to keep an eye out for the WF user "Importexport" - he's an experienced drop shipper and, even though he just joined WF earlier this year, he's already shared tons of great tips throughout the eCommerce sub-forum.

      Hope this helps!

      - Will
      Thank you, I appreciate it.... I will definitely do so.
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    • Profile picture of the author sirnewbee
      Originally Posted by WillMitchell View Post

      Sure it is! I think that the particular buy-low-sell-high business model you're looking for is drop-shipping, and we actually have a sub-forum dedicated to the practice here on WarriorForum.

      Come over and say hi - eCommerce Sites and Wholesale Drop-Shipping Forum

      Oh, and you'll want to familiarize yourself with a few cursory resources before you arrive:

      Alibaba.com (or any other reseller directory site)
      Drop Shipping Wikipedia page
      Shopify's eCommerce Blog (checkout this post about drop shipping)

      You'll also want to keep an eye out for the WF user "Importexport" - he's an experienced drop shipper and, even though he just joined WF earlier this year, he's already shared tons of great tips throughout the eCommerce sub-forum.

      Hope this helps!

      - Will
      Yeh buying is about is about looking until you find a product that you can buy at a good price and then sell at a better price . You can buy items and resell them for a profit all day long , the main thing is to make a win win situation for both people. I buy and sell every day on ebay i find things and sell them. Take the time to look for the great deals you know dont try to make all the money build your business sell a product for a 10 dollar profit instead of a 20 dollar profit . Buying and selling might be the fastest income possible besides the lottery. check this out take your next check go to a garage sale and flip it watch you will double your money quick!
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  • Profile picture of the author tongnk
    eCommerce is what you're looking at for the buying low and selling high model.

    Although you'll need a lot of research and contacts with suppliers and distributors to actually find these things with a low price. There are so many people doing it and so many scams that happen (think Chinese distributor) that you've got to be careful though.
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    • Profile picture of the author imagoodguy
      Originally Posted by tongnk View Post

      eCommerce is what you're looking at for the buying low and selling high model.

      Although you'll need a lot of research and contacts with suppliers and distributors to actually find these things with a low price. There are so many people doing it and so many scams that happen (think Chinese distributor) that you've got to be careful though.
      Thanks for the heads.... Are there any good courses for ecommerce?
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  • Profile picture of the author imagoodguy
    If any of you guys have anymore advice for me i'm definitely willing to listen and absorb it, so feel free to post....
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  • Profile picture of the author greevil
    I do this all the time, selling stuff on Amazon, Craigslist, and even face to face. Funny story: I just sold a book for $29 on Amazon that I bought a while back on Amazon for $0.75. That's a single example, you want to get to the point where you're always looking for stuff to sell.... And doing it in bulk.

    So find stuff people are throwing away and mark it up on CL and Amazon then just sell it!! Get it listed and move it, and you'll start to build a reputation on Amazon.

    For CL keep the emails of people you sell to and you can sell again and again to them. The temporary CL emails are good for 6 months so if you ask them "Hey can I contact you if I have more of this shit?" and they say YES you can start your list and GO TO TOWN.

    Damn its so much fun!! Ask some questions maybe we can get into some more details if you want.
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    • Profile picture of the author imagoodguy
      Originally Posted by greevil View Post

      I do this all the time, selling stuff on Amazon, Craigslist, and even face to face. Funny story: I just sold a book for $29 on Amazon that I bought a while back on Amazon for $0.75. That's a single example, you want to get to the point where you're always looking for stuff to sell.... And doing it in bulk.

      So find stuff people are throwing away and mark it up on CL and Amazon then just sell it!! Get it listed and move it, and you'll start to build a reputation on Amazon.

      For CL keep the emails of people you sell to and you can sell again and again to them. The temporary CL emails are good for 6 months so if you ask them "Hey can I contact you if I have more of this shit?" and they say YES you can start your list and GO TO TOWN.

      Damn its so much fun!! Ask some questions maybe we can get into some more details if you want.
      Cool, how much money would you guys recommend me to start with if i'm on a budget ? Could you make a nice profit with $60 buying money to just test out the waters ?....
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