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Published: Oct. 21, 2020, 11 a.m.

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Is the Stock Market the answer for you? Learn more: https://gum.co/VxJLm

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Revolutionize Fitness Online Store

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Wholesale \u2014 the traditional method of product sourcing where you buy products in bulk with a price break and store them yourself until sold.

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Subscription Box \u2014 curating collections of products on a subscription payment model, rather than a per-sale model; a popular choice for niche marketing because it\u2019s easier to guess customer preferences.

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Check out CRATEJOY

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Subscription businesses only need to persuade each customer to buy their service once. If they\u2019re happy with the service, they\u2019ll continue to pay on an ongoing basis

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Liquidation \u2014 buying products in bulk from another store that needs to unload them fast (at a big discount), typically from going out of business.

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While there may be some defective or undesirable products sold through liquidation, there are also perfectly fine products as well. Sometimes products end up in a liquidation sale because of unfortunate circumstances rather than their own shortcomings; for example, the company could have been mismanaged into bankruptcy, or they simply miscalculated how much stock they actually needed and are selling off the overflow.

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*Follow state guidelines for resale.

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Private and White Label \u2014 products are manufactured by a third-party, but you can legally rebrand them and sell them as your own; great if branding is a top priority in your sales strategy.

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Retail Arbitrage \u2014 fueled by elbow grease and personal effort, you actually go to other stores, buy products at a discount (i.e., a 2-for-1 at Walmart), and then resell them online with a profitable markup.

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Dropshipping \u2014 you sell items online, but the manufacturer handles the shipping; you make less money per sale, but handle less ecommerce duties. Learn how to choose the best products for dropshipping.

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Artisans \u2014 handcrafted goods made by specialists instead of manufacturers; a niche category on its own, but can always be more specialized (i.e., handmade jewelry, handmade furniture, etc.).

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Second-hand, Thrift, or Used Goods \u2014 another niche category on its own, you resell used goods either for the affordability niche or the retro niche.

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Audible Affiliate Link: http://www.audibletrack.com/click.track?CID=102175&AFID=477710

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Instagram @marketadventurespodcast

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Subscribe on Spotify, Apple Podcasts, or wherever you listen to your podcasts

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WHAT\u2019S THE KEY: Learn \u2192 test \u2192 \u201cperfect\u201d \u2192 Scale up = $$$

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This episode is sponsored by \xb7 Anchor: The easiest way to make a podcast. https://anchor.fm/app

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