Regardless of what type of business you are setting up, and whether you intend it to be either a side hustle or potentially a lot more, you will have to carry out some in-depth research to make sure that the products you are thinking of selling have actually got a market and that you will get the type of return that would make it worth your while in doing.
You will also have to make sure that you have the room to store your stock, photograph the items, and pack them before they are shipped to your customers. The amount of space you will need will depend on how large the items are, and how long you have to store them before they sell.
Selling second-hand items
You may or may not be surprised to hear that there is, in fact, a vibrant second-hand market. Buyers are actually actively searching for certain items online to purchase second-hand. These items can be anything from clothes to ornaments or even old technology.
If you are thinking about trying this side hustle, it is well worth selling your old items that you do not want while you are learning the ropes rather than going out and stocking items from other second-hand stockists such as thrift stores or yard sales.
When you are looking for places to sell your items, you can also hold your own yard sale, but it is more likely that you will get more for your items and create more interest by selling them online using sites such as eBay, Facebook Marketplace, and the like.
Selling new items
Sites such as the ones mentioned above also work well for selling new items as well as second-hand ones, but here you have the added advantage of also using sites such as Amazon, Etsy and a few other lesser names.
When it comes to selling on these sites and selling items new rather than second-hand, you will be fighting for the same customers as every other seller selling the same items that you are. So, in order to make sure that customers are more likely to choose your products over your competitors, you will need a selling edge. This can come in the form of hiring the services of experts such as Nuanced Media that will be able to place your items in front of more interested customers than you could probably do without them and therefore potentially get you more sales.
Selling digital products
You could, if you have a particular skill or are highly experienced in a certain field, be able to sell digital products on any of the sites mentioned above, for instance, if, say you were a hypnotherapist, you would be able to sell various self-help hypnosis downloads for your customers to try, or if you were a master upholsterer you may be able to sell “how-to” guides to those that would like to upholster their own items rather than pay for a professional to do the work for them.
In fact, there is no end of digital products that can be sold depending on what skill set or qualifications you have or those that are close to you have should they be happy to have an interest in your new venture.