I'll be grateful for anyone who gives an opinion about this. I found this idea in r/onlinecollegeclass (“Ideas for scrappy small business”) and supposedly it came from a college professor:
Some products can be bought in bulk and then listed for sale. Buy stuff in bulk, like toilet paper, soap, shampoo, razors, laundry detergent, canned food, batteries, and other stuff like that. (i.e. products you’d need anyway). And then they list each item online. So you save money buying in bulk and then you actually list them to see if anyone buys.
I’m intrigued by the idea, but it seems like you’d have to get a very low price in order to list this stuff and price it low enough to compete with bigger brands. Plus, bigger brands have more credibility with buyers, so idk how this would work. Am I missing something?
Maybe if you’re already a power seller with a good reputation….
Is there some version of this idea that could be worthwhile for someone who is just a casual online seller? I can see it working for an influencer who inspires followers and makes them want to buy the same kinds of products. Example: An environmentalist influencer could probably do well selling sets of environmentally friendly household products.
Is there some way to apply the same principle and make money casually/effortlessly this way?