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Buying And Selling Blog > Buying Selling > Selling Other People Products For Profit
Selling Products You Don't Own To People You Don't Know
Auctions.
To learn more about online auctions, visit http://www.yenommarketinginc.com/auctions.html
3. Drop Shipping
You could buy inventory wholesale and try to sell it retail, but what if it doesn`t sell? Even if you do sell, do you really want all that money tied up in stock? For these reasons, many businesses use drop shipping as a method of doing business.
Whether from your home, retail store, directly from your website or through an online auction, you can arrange to sell an item before you purchase it. That way you have nothing invested in inventory and won`t get stuck with stock that won`t sell.
For example, let`s assume that you have just sold a product to a customer for $100.00 plus shipping charges of $15.00. Having received the customer`s payment, you now need to e-mail or fax your order to your drop ship supplier. You will need to pay your supplier your cost of $50.00 plus $15.00 shipping, leaving you a $50.00 gross profit. Your supplier will now ship the product to your customer.
To learn more about drop shipping, visit http://www.yenommarketinginc.com/dropship.html
4. Finders` Fees
Did you know that you can earn fees simply by introducing buyers and sellers?
For example, a mining company may need to buy certain hard-to-obtain equipment for their operations. You could negotiate a percentage finder`s fee for finding this equipment for them.
Conversely, you could also obtain a finder`s fee from a company that is trying to sell off their excess machinery but is having difficulty finding a buyer.
To learn more about finders` fees, Previous Page <<< >>> Next Page
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