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7 Items to Buy In Bulk and Sell Individually To Boost Your Profits in 2023

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7 Items to Buy In Bulk and Sell Individually To Boost Your Profits in 2023

If you’re looking for ways to increase your profits without investing huge sums of money, then learning how to buy in bulk and sell individually is a great option. Bulk buying presents many advantages, including lower prices per item, larger quantity discounts, and free or reduced shipping.

This is known as retail arbitrage and is a great way to make money online without creating your own proprietary product. But what to sell? Here are seven items you can buy in bulk and resell individually that are both evergreen and will bring you steady profits.

This article will also look at the best online stores to buy cheap wholesale products.

7 Wholesale Price Items to Buy In Bulk and Sell Individually

1. Jewelry

Jewelry is a diverse and lucrative consumer market making it a great choice to buy in bulk. In 2022 the global jewelry market was valued at approximately $270 billion and is expected to rise further.

Various fashion items such as watches, diamonds, precious metals, gems, and pearls qualify as jewelry. As a seller, you have considerable authority to decide on the market you want to target.

You can buy rings, earrings, necklaces, bracelets, or anklets at wholesale prices and sell them at a profit.

To enter this competitive market, you need to have a strong business plan with equally thorough market research. Decide on a niche that will set you apart from your competitors; online forums and Google Trends are a few of the ways to find out about consumer demand.

You can then set a competitive price for your product by keeping marketing and shipping costs under consideration. Jewelry is a smaller item when compared to other products and is therefore easy to transport.

Whether you finalize on selling handmade, costume, or body jewelry this industry has loads of potential and is a popular item regardless of gender.

2. Phone Accessories

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According to Next Move Strategy Consulting, the global mobile phone accessories market was valued at $228.57 billion in 2021 and is expected to grow at an annual rate of 6.2% from 2022-2030.

This presents a massive opportunity to start a retail business focusing on phone accessories such as:

  • Phone cases
  • Headphones
  • Car phone holders
  • Wireless phone chargers

You can buy these items at wholesale prices in bulk and sell them at a higher price to maximize profits. As new smartphones continue to develop, people are looking for ways to increase convenience and flexibility. Thus, this industry will never grow old and continue to expand further.

3. Plants

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Since the Covid-19 pandemic, people have started spending more time at home. Gardening has risen as a popular pastime not only for the eye-pleasing aspect but also as a stress reliever.

Therefore, by buying plants at wholesale prices, there is a lot of scope to sell products at a higher price, resulting in a nice profit.

You can find suppliers offering great deals on plants, and you can also reduce shipping costs by buying in bulk. To choose which plants to sell, you can run your query through the search engine and find which indoor or outdoor plants are currently in high demand.

4. Candles

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Candles are considered an essential part of home decoration. Scented candles have gained considerable popularity in the past few years. Consumers love using them to add elegance to their personal space and restrict bad odors.

Look out for popular scents to add to your bulk listings. Candles with essential oils have attracted many health-conscious customers as it helps with relaxation and is also a therapy for mental well-being.

You can find cheap wholesale products online from different websites and sell them individually to benefit from retail arbitrage.

5. Gaming Cards

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Trading or Gaming Cards, including Pokemon Cards, Magic Cards, and Sports Cards, are another way to earn a great profit. According to Report Linker the Global Sports Trading Card Market is expected to grow by $6.71 billion during 2022-2026.

Many people are unaware of the immense potential present in this market and therefore sell their collection at a low flat price. This represents a huge opportunity for retailers to delve deep into this market. You can purchase bulk items at a lower price and later gain profit by selling each card for hundreds or thousands of dollars.

Before putting a price on each card, you should search dedicated online forums and websites to understand consumer interests. You can then sell them at your online store, forums, or trade shows for a higher price.

As with other collectibles, looks and condition matter significantly when dealing with gaming cards. You should always advertise your cards in their true condition and honestly answer prospective buyer queries to gain a reputation as a business owner selling quality products.

6. Pet Supplies

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Pet ownership and spending on pet supplies have increased significantly, especially since the Covid 19 Pandemic. In 2021 pet industry expenditure reached $126 billion depicting the growth potential in this market.

Consumers love pampering their pets and are willing to purchase goods at a higher price in return for quality products.

You can set up your online business and sell a variety of pet care supplies:

  • Shampoo and conditioner
  • Brushes
  • Clippers
  • Leashes and collars
  • Treats
  • Toys
  • Bowls
  • Beds

7. Fitness Gear

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Consumers worldwide have understood the key benefits of living a healthy natural life and are willing to take significant measures (and pay large amounts of money) to adopt this change. Many businesses are responding to this need by offering a wide selection of fitness products both online and in-store in bulk.

You can sell wholesale items targeted toward fitness enthusiasts and gain a decent profit margin on the sale of:

  • Exercise or yoga mats
  • Dumbbells
  • Resistance bands
  • Health monitors
  • Fitness trackers
  • Treadmills
  • Gym Clothing

Best Online Store Sites for Cheap Wholesale Products

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Following are the top online wholesaler affiliate programs and stores available that provide buyers with not only competitive prices but also market insights to plan their businesses accordingly. You can benefit from the database provided by these wholesalers and invest in profitable products.

1. Alibaba

Founded in 1999, Chinese wholesaler Alibaba has grown into the world’s leading platform for wholesale trade. You can browse through 40 different product categories that include fashion accessories, beauty products, consumer electronics, apparel, and many more.

Consumers from more than 190 countries use this platform to find suppliers and save costs by buying products in bulk. The website lists the Minimum Order Quantity (MOQ) required to purchase cheap wholesale products.

You can browse through thousands of bulk listings from verified suppliers on Alibaba who also offer same-day delivery. Thus, Alibaba is one of the most reliable and diverse wholesale websites to search for your required products.

Read our article about 25 more sites like Alibaba where you can buy in bulk and sell individually!

2. Global Sources

Global Sources is the world’s first internationally recognized B2B platform supporting wholesale trade between registered buyers and verified sellers.

This multichannel media company sells wholesale items belonging to several industries, including consumer electronics, home decor, mobile electronics, sports, and the fashion industry.

It continuously observes market trends and provides tailored solutions to businesses to guide them toward selling profitable products.

This Hong Kong-based company, like Alibaba, has set a low MOQ to encourage small businesses to enter the corporate world. Businesses can gain insights into the practicalities of trading by attending trade shows and live sourcing talks arranged by the wholesaler.

3. eBay

With 138 million active buyers from around 32 countries, eBay is a household name synonymous with online shopping. It reported an annual revenue of more than $10 billion in 2021.

You can be a wholesale manufacturer or an average consumer selling goods on eBay. It offers great deals on popular brands of electronics, home and garden, toys, motors, and the fashion industry. eBay is also renowned for selling refurbished items and collectibles such as gaming cards.

This online marketplace differs from the above two websites with its administration of auctions and consumer-to-consumer sales of various items.

You can either buy items at a fixed price or participate in the bidding, where the highest bidder will win the chosen item. The unique selling tactics and the anti-fraud system has established eBay as one of the go-to’s for finding products to sell.

4. Costco

Costco is a membership-only American wholesale business operating online and in more than 800 locations worldwide. It offers branded products at wholesale prices and provides members with exclusive services to build a profitable business.

Apart from selling a variety of electronics, home improvement, jewelry, and office products, members can also buy medications from Costco pharmacy.

It builds on the mission to sell large quantities of products at cheap prices to encourage members to buy in bulk. Members include regular consumers and businesses where the latter can sell at a higher price to generate a profitable business.

The Bottom Line: Buy In Bulk and Sell Individually 

Learning how to buy in bulk and sell individually is easier than many other methods of business. Wholesalers provide the most cost-effective way to source products and start a profitable venture with minimal investment.

When choosing a product category, make sure to select a reliable wholesaler to get the best quality products. And finally, make sure to sell something you can get behind. Choose something you are passionate about and offer competitive prices to attract customers. With this strategy, you’ll be on your way to profitability in no time! you can build a successful business from the ground up. Good luck!

That’s it! You now have a better idea of how to buy in bulk and sell individually on the wholesale market. By leveraging the right online wholesalers, you’ll be able to source products at low cost and with minimal effort.



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5 Types of Content That Will Attract Ready-to-Buy Prospects

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5 Types of Content That Will Attract Ready-to-Buy Prospects

Opinions expressed by Entrepreneur contributors are their own.

They say that content is king — but not all digital content is created equal. While most digital content can help increase awareness for your brand, the most valuable content is designed to draw in warm prospects who are ready to make a purchase from you.

Of course, even the best content isn’t likely to result in a purchase on the first exposure. The marketing rule of seven indicates that consumers must be exposed to your messaging at least seven times on average before they decide to make a purchase. While this may often be the case, strong digital content will go a long way in lowering this total.

Related: 5 Digital Content Types Prospective Buyers Love to Engage With Online

1. Email campaigns

Email marketing remains one of the most effective methods for communicating with warm leads and staying in touch with existing customers to ensure they will buy from you again. Not only are emails far more likely to be read than other types of content, but their average return on investment towers over other options.

According to the HubSpot Blog, most marketers see an average open rate of 46-50% and a clickthrough rate of 2.6-3% — numbers that far outpace the engagement levels of social media and other popular forms of content.

Even if they are mostly comprised of previous customers, email lists are an essential marketing tool because they are made up of people who agreed to receive additional messaging from you. This fact alone already makes them far more qualified leads than someone who randomly stumbles across your blog.

2. Personal engagement on social media

While the overall engagement and reach of many social media platforms have declined, there is still much to be said for the potential these platforms offer for fostering one-on-one engagements with your warmest leads.

When marketers comment strategically on other people’s posts, actively participate in relevant groups and conversations, and respond to the comments and messages they receive, it helps create a meaningful dialogue with their target audience.

By pairing this personalized engagement with relevant, authoritative content (including videos, polls and more), you can leverage social media to nurture warm leads.

3. Cost calculators

Most companies have at least some kind of on-site content marketing strategy, which usually revolves around blogging. A blog can be undeniably beneficial for building SEO and domain authority, but depending on the type of content you create, it isn’t always going to create warm leads.

However, if your website content focuses on the customers who are ready to buy now, you can greatly increase your own sales potential — and one of the best ways to do this is with a cost calculator.

From calculating the cost of shipping a car across the country to determining how much it would cost to build your own website, these tools are inherently targeted at warm leads who are ready to make a buying decision. In this case, providing useful budgeting and planning information directly influences the user’s purchasing decision, providing a powerful way of reaching warm leads.

Related: 4 Steps to Writing Content That Converts

4. Webinars

Webinars have become an increasingly popular digital content option, and for good reason. When webinars are promoted to the right audience, they can become far more engaging and attractive to warm leads than a blog post covering the same topic would be.

The simple fact of displaying content in an audiovisual format helps make the webinar feel like an event in its own right. With an engaging topic and professional presenters, you can build a large audience. And when the topic of the webinar itself ties into your offerings, you can create a natural segue into how you can help viewers solve their most pressing problems.

Webinars can be even more effective when paired with other content, such as an e-book or follow-up video lessons. When done right, webinars can be an excellent resource for collecting email addresses and other information from warm leads who are most likely to be interested in your services.

5. Software demos

Admittedly, this digital content option doesn’t apply to every industry. However, there is a wide range of companies that offer software services, addressing everything from tracking logistics and customer relationships to managing the back end of a website.

A software demo gives warm leads the opportunity to try the service before they commit to a purchase. Firsthand interaction and experience with the software is ultimately far more convincing than a series of sales calls could ever be, as this helps buyers clearly determine whether or not a particular product works for them.

It should be no surprise, then, that opt-out free trials see an incredible 48.8% conversion rate. It’s worth noting, too, that companies that don’t sell software can use similar “trial” options, such as a two-week trial for their services. Trials and demos appeal to the warmest buyers, who often use them to finalize their purchase decision.

Related: 5 Steps for Creating a Content Marketing Strategy That Drives Business Results

While regularly updating a blog or social media profile can be useful as part of your content marketing strategy, it is essential that brands in every niche focus on the types of content that are poised to deliver the greatest return.

By focusing on the types of content that are most likely to capture warm prospects in the first place, you can turn more leads into sales and maximize the success of your content strategy.

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Broaden Your Horizons by Learning to Play the Piano with Skoove

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Broaden Your Horizons by Learning to Play the Piano with Skoove

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

Running a business can be all-consuming. However, business people who only talk about work can sometimes struggle to network and socialize, ironically stunting their potential for growth as salespeople and entrepreneurs. That’s why taking up a hobby and developing a skill that might not relate directly to your work can help your company and career.

For a Memorial Day sale running through 11:59 p.m. PT on May 31, you can get a lifetime subscription to Skoove Premium Piano Lessons for only $119.99 (reg. $1,198). Rated 4.5/5 stars on the App Store, this platform is designed to help users develop their piano skills with interactive lessons powered by artificial intelligence.

Skoove uses cutting-edge AI technology that can recognize notes as you play them and then offer adjustments and notes in real time. With this approach, the platform can teach you a wide range of chart-topping songs with over 400 lessons and thousands of instructional videos. With the subscription, you can study tracks by artists ranging from the Beatles to Bach.

Skoove is also convenient to use and practice with. It’s compatible with all pianos and keyboards, including USB/MIDI and acoustic ones. It also works with both iOS and Android operating systems on tablets, smartphones, and computers. To broaden your horizons, consider adding it to your life today.

Remember that during a special Memorial Day sale that runs through 11:59 p.m. PT on May 31, you can get a lifetime subscription to Skoove Premium Piano Lessons for only $119.99 (reg. $1,198) with code ENJOY20 at checkout.

StackSocial prices subject to change.

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Save on Business Travel for Life This Memorial Day with an $80 Deal

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Save on Business Travel for Life This Memorial Day with an $80 Deal

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

Growing businesses around the world rely on traveling salespeople and representatives to fuel expansion. For those in the accounting department who are trying to make enough room for airline ticket budgeting, you can do them a lot of favors by hooking up yourself or a team member with this special deal.

Through 11:59 p.m. PT on May 31, you can get a lifetime subscription to this OneAir Elite Plan for only $79.97 (reg. $790). This deal gets you indefinite access to OneAir’s deals on business, first, premium, and economy class flights to and from destinations of your choosing and interest. These deals include mistake fares and advantageously priced ones that happen to pop up.

OneAir’s platform uses artificial intelligence (AI) to scan the web around the clock for deals so that they are ready for your team when someone needs to hit the road. In addition to getting to choose up to 10 departure airports with deals, Elite users can also take advantage of OneAir’s one-on-one business and first-class planning support.

Conveniently, the OneAir Mobile App lets you access these deals, book trips, and complete bookings all in one place. It is available for both iOS and Android devices.

One recent user, Ashok, who saved $1,080 on flights using OneAir, wrote, “I am so pleased with my decision to sign up with OneAir! Just booked a super cheap flight deal to Vancouver along with 5 nights of hotel stays.”

Remember that only through 11:59 p.m. PT on May 31, you can get a lifetime subscription to this OneAir Elite Plan for only $79.97 (reg. $790).

StackSocial prices subject to change.

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