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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.

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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.

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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.

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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.

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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.

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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.

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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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AI Will Transform the Workplace. Here’s How HR Can Prepare for It.

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AI Will Transform the Workplace. Here's How HR Can Prepare for It.

Opinions expressed by Entrepreneur contributors are their own.

Our workplaces are about to undergo an unprecedented level of transformation, and HR will take center stage. Artificial intelligence will dramatically reshape HR in a way that goes beyond recruiting, hiring and talent management. Leadership teams at all levels need to embrace this change to transform and lead their organizations forward.

It’s the people, and not the technology, that makes AI initiatives a success. Intrapreneurs, in particular, are the driving force behind it. As I shared in Fearless Innovation, I noticed this when I was working on the innovation agenda for the Great Places to Work study — the most innovative companies were those that had a leadership team that was embracing intrapreneurship and were open to change.

HR is the beating heart of any organization, and as such, it needs to take center stage in both adopting and leading ethical and innovative AI transformation across the organization.

Related: How Artificial Intelligence Is Reinventing Human Resources

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4 tectonic shifts AI will drive in HR

1. A new wave of massive reskilling

As AI becomes more prominent across business functions, the need for new skills will only grow. Forty percent of enterprise leaders believe that their workforce would need to reskill as a result of AI and machine learning. In fact, research shows almost a third of all hours worked in the U.S. could be automated by 2030.

All of us need to reskill to some extent to be relevant in the AI era. Not only would people need to re-train, but generative AI is introducing a whole host of professions that have been non-existent until recently, from AI ethicists to human-AI interaction designers. Some of these roles might sound futuristic, yet they are becoming increasingly relevant as technology advances.

2. The great restructure

As automation takes center stage across more business functions, there will be the inevitable need for organizations to restructure and rethink how they work. This transition will not only involve the integration of new technologies but also introduce a shift in the workforce dynamics. Intrapreneurs will need to identify gaps both in skills and operational processes and forge brand-new roles for themselves and those they manage. HR must play a key role in enabling a smooth and easy transition in this regard. The transition will not be smooth or easy, and it’s only HR that has the capability to make it impactful.

3. Arrival of “digital humans”

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“Digital human” may sound like an oxymoron, but that’s the term that’s starting to appear in business and operational plans. More roles, regardless of industry, are becoming digitally enhanced where some form of AI assistance is embedded in their everyday work. A real-life example is the introduction of the digital nurse — AI-powered healthcare agents which have already been proven to outperform human nurses in certain tasks.

Imagine the impact these digital roles will have on the workforce the more sophisticated and prevalent they become. Eventually, HR will need to create policies and systems in place that account for this new type of “staff augmentation.”

4. Regulating the robot

The threat of AI bias and misuse is serious. Not only can the technology put many jobs at peril, but potential improper implementation can expose organizations to serious liability and negatively affect the workforce. From avoiding bias to inclusivity, HR teams play a critical role in the ethical deployment and management of AI technologies.

HR professionals will be tasked with navigating the delicate balance between leveraging AI for efficiency and ensuring that its application upholds fairness, privacy and non-discrimination.

Related: How to Successfully Implement AI into Your Business — Overcoming Challenges and Building a Future-Ready Team

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What HR intrapreneurs must do to embrace AI the right way

The future of work is being shaped by AI adoption, and its success hinges on the right approach from the outset. My experience shows that for successful organizations, one universal trait stands out: the presence of change agents. Every organization, regardless of size, benefits from intrapreneurs who are open to change and committed to spearheading transformation efforts. These intrapreneurs are pivotal in driving the future of work, as they help orchestrate the integration of new technologies into their business models.

HR and talent leaders should harness this dynamic, encouraging a symbiotic relationship with intrapreneurs to develop customized solutions for AI adoption, ensuring that they are not just keeping pace with technological advances but are actively shaping their trajectory.

Securing a seat at the table:

HR should take a proactive stance in the adoption of AI, even if it is still in its early stages within your organization. By securing a position at the forefront of the AI initiative, HR can and should facilitate and guide the entire organization in embracing this significant change.

As AI has the potential to impact every facet of the organization, it is imperative for HR to not only understand and advocate for this technology but also lead its integration across all departments. HR should encourage and support intrapreneurs and all employees to leverage AI in their daily tasks, demonstrating its value not just for operational efficiency but for personal and professional growth as well.

Master the technology:

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To effectively navigate and regulate AI, HR must first understand it thoroughly. Grasping the full potential of this technology is crucial for reaping its extensive benefits. HR plays a vital role in identifying the necessary tools and skills that employees must acquire and then integrating these learnings into daily work practices.

Before implementing AI more broadly, HR should initiate comprehensive training programs that not only educate but also reassure employees about AI’s role in the future of the business. By leading these educational initiatives, HR can shape the structure and effectiveness of these programs, ensuring they meet the needs of the organization and its workforce.

Related: 3 Ways to Prepare Your Business For an AI Future

Looking ahead

Generative AI has the transformative potential to redefine the business landscape, but realizing this vast potential hinges on more than just the adoption of technology. It critically depends on the talent within the workforce, driven by HR and bold intrapreneurs. These visionary leaders don’t just implement new tools; they exemplify their use, demonstrating the profound impact of AI across every level of the organization.

HR plays a pivotal role in fostering this environment, enabling intrapreneurs to guide and inspire every individual they touch. Together, they turn each employee into a catalyst for change, igniting a widespread passion for innovation that deeply resonates and sustains long-term success.

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Samsung: 6-Day Workweek For Execs, Company in Emergency Mode

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Samsung: 6-Day Workweek For Execs, Company in Emergency Mode

Four-day workweeks might have all the buzz, but one major tech company is going in the opposite direction.

Samsung is implementing a six-day workweek for all executives after some of the firm’s core businesses delivered lower-than-expected financial results last year.

A Samsung Group executive told a Korean news outlet that “considering that performance of our major units, including Samsung Electronics Co., fell short of expectations in 2023, we are introducing the six-day work week for executives to inject a sense of crisis and make all-out efforts to overcome this crisis.”

Lower performance combined with other economic uncertainties like high borrowing costs have pushed the South Korean company to enter “emergency mode,” per The Korea Economic Daily.

Related: Apple Is No Longer the Top Phonemaker in the World as AI Pressure and Competition Intensifies

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Executives at all Samsung Group divisions will be affected, including those in sales and manufacturing, according to the report.

Samsung had its worst financial year in over a decade in 2023, with the Wall Street Journal reporting that net profit fell 73% in Q4. It also lost its top spot on the global smartphone market to Apple in the same quarter, though it reclaimed it this year.

Though employees below the executive level aren’t yet mandated to clock in on weekends, some might follow the unwritten example of their bosses. After all, The Korea Economic Daily reports that executives across some Samsung divisions have been voluntarily working six days a week since January, before the company decided to implement the six-day workweek policy.

Entrepreneur has reached out to Samsung’s U.S. newsroom to ask if this news includes executives situated globally, including in the U.S., or if it only affects employees in Korea. Samsung did not immediately respond.

Research on the relationship between hours worked and output shows that working more does not necessarily increase productivity.

A Stanford project, for example, found that overwork leads to decreased total output. Average productivity decreases due to stress, sleep deprivation, and other factors “to the extent that the additional hours [worked] provide no benefit (and, in fact, are detrimental),” the study said.

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Related: Samsung’s Newest Galaxy Gadget Aims ‘To See How Productive You Can Be’

Longer hours can also mean long-term health effects. The World Health Organization found that working more than 55 hours a week decreases life expectancy and increases the risk of stroke by 35%.

The same 55-hour workweek leads to a 17% higher risk of heart disease, per the same study.

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John Deere Hiring CTO ‘Chief Tractor Officer,’ TikTok Creator

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John Deere Hiring CTO 'Chief Tractor Officer,' TikTok Creator

This article originally appeared on Business Insider.

Agriculture equipment company John Deere is on the hunt for a different kind of CTO.

The brand on Tuesday announced a two-week search to find a “Chief Tractor Officer” who would create social media content to reach younger consumers.

One winning applicant will receive up to $192,300 to traverse the country over the next several months showcasing the way John Deere products are used by workers, from Yellowstone National Park to Chicago’s Wrigley Field and beyond.

“No matter what you do — whether it’s your coffee, getting dressed in the morning, driving to work, the building you go into — it’s all been touched by a construction worker, a farmer, or a lawn care maintenance group,” Jen Hartmann, John Deere’s global director of strategic public relations, told AdAge.

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To kick off the search, John Deere tapped NFL quarterback Brock Purdy (who will presumably be a bit busy this Fall to take the job himself) to star in a clip in which he attempts to set out on a road trip in an industrial tractor.

Suited up in the obligatory vest, work boots, and John Deere hat, Purdy’s progress is interrupted by teammate Colton McKivitz hopping into the cab while a string of messages floods in from other athletes and influencers expressing interest in the job.

The clip also represents the first time that the 187-year-old company has used celebrities to promote itself, Hartmann told AdAge.

According to the contest rules, entrants have until April 29 at midnight to submit a single 60-second video making their pitch for why they should be the face and voice of the company.

In addition, entrants must live in the 48 contiguous states or DC — sorry Hawaii and Alaska residents. Interestingly, any AI-generated submissions are prohibited, too.

Videos will be judged against four categories — originally, creativity, quality, and brand knowledge — after which five finalists will be chosen and notified after May 17.

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