The Benefits and Challenges of Starting a Reselling Business

Reselling 101

By RC Staff

26 July 2023

So, you want to start your own reselling business. Maybe you already have some experience flipping items for profit, or you’re just looking to get your foot in the door. Reselling provides a unique opportunity to make money from home, on your own time. While it can seem intimidating at first, we’ll show you why starting resell business could be one of the best choices you’ll ever make.

The benefits of a reselling business

Obviously, what first comes to mind is the potential profits to be made from reselling. While cash is king, lets take a moment to examine the other advantages of reselling:

Reselling is highly flexible

It’s entirely possible to manage a profitable reselling business alongside a full-time job. You can resell as much or as little as you want, and dedicate however much time and money to it as needed. As long as you have a phone and internet access, you have everything needed to start bringing in profit.

Reselling is a broad spectrum, and many RC Elite members are able to support themselves through full-time reselling, or work a regular job and supplement their income with easy cooks. Just browse our other articles. In the past, we’ve covered a wide range of items. Vinyl records, video games, electric cars, or celebrity-branded drinking cups. What makes RC Elite different from other groups is our variety. We don’t particularly care what the item is, as long as it’s profitable to resell.

If you’re a student, reselling can be extremely helpful. You may not have the time to work a traditional job, but still need cash on hand. With just your phone, you could make thousands of dollars per month without cutting into your party study time.

Reselling can build your credit

This might not be obvious at first, but reselling is a great way to build credit. Buying stock with credit and reselling for profit means you can easily boost your credit score – without the debt.

Credit is a two-way street with reselling. While buying and flipping items can help build up your credit, good credit can be leveraged to make big purchases. Some items posted in RC can be quite expensive, even up to five figures. With a solid credit score, you can take advantage of these opportunities with much less personal risk.

For more on how to build credit to your advantage, check out our friends over at The Points Party.

Reselling is profitable

Aside from all the other benefits of reselling, the most important one is that you can make tons of money. By buying and selling the right items, you can expect to make hundreds, even thousands per month easily.

Additionally, by taking advantage of the numerous price errors, discounts, and sales you come across as a reseller, you can save tremendous amounts of money on home goods, electronics, clothes, and many other items.

The challenges of starting a reselling business

While reselling tends to be one of easiest and lucrative ways to make money, there can be some roadblocks to setting up a successful reselling business.

Reselling can be hard to break into

If you’re just starting out, you may not know what items to look for to resell. Usually the items worth buying will sell out extremely fast, and you don’t want to take a risk on something you’re not sure about.

Even if you’re familiar with reselling a particular niche of items, like cards or shoes, you might not have a clue about anything else. It’s obvious that there’s money to be made, but without good information and quick action, buying the right items to resell can feel impossible.

Reselling can be competitive

If you are relying on public feeds for reselling leads, or simply going after hyped drops yourself, you’ll notice pretty quickly that stuff tends to sell out fast. The downside of these major items is that many others are competing with you.

Often times, an item that may have been relatively easy to purchase in the past suddenly becomes much more competitive from the flood of other resellers trying to take stock. This hurts aftermarket prices as well, with so many additional products being sold at resell prices.

Join RC Elite to get started reselling

Fortunately, joining an established reselling group like RC Elite is the best way to get the leg up on competition. It’s easy to find the best items to resell when they are being posted every day. Additionally, items in RC are posted with their recommended resell price, and the potential risk of an investment, so you always have a good idea of what you are buying.

We also have some opportunities for non-members. Keep an eye out for upcoming Raffles for Retail, where we give you the chance to buy some of the most hyped items to resell at their original retail prices. Previous raffles for discontinued Pokemon cards and the Ben Johns RC have been great opportunities for any reseller.

No matter what you’re interested in, we can help develop your resell game. From flipping shoes and clothes, to reselling electronics, building your credit, or even investing in real estate, RC Elite is a resource for every reseller out there.