Group of the Local
Alerts in real-time for fresh deals
Capability to develop a local store and base for buyers
Simple to list and sell
To create your brand, converse with buyers
Purchasers can withdraw offers
May not have the same defenses as eBay
Enabled only on a smartphone app
Time-consuming (listening to questions from customers and answering them)
Self-storage of goods until they are sold
For new resellers, before expanding your company beyond your local community, Facebook Marketplace can be a great channel to test the waters and perfect your selling techniques. Take this time to consider which goods are marketed and how consumers react to the requirements of the merchandise, as this will help improve your sourcing skills.
Resellers that use the Facebook marketplace have been popular either out of their garage or at a nearby flea market by building their own store. Combined with scheduled business hours, operating with a physical store enables customers to stop by frequently to pick up or browse the products. Browsing upon pickup can also mean increasing the size of the order, meaning the seller’s fast upselling income!
Liquidation.com recommends you complete the transaction in a private, well-populated area during daylight hours for vendors where a physical store is not feasible. Ask the buyer to come with cash to ensure that the payment transfer is completed and secure. Either charge a shipping fee to cover the time, miles, and gas or have the buyer arrange to ship if the buyer wishes for the item to be shipped.
Study each marketplace before listing to decide where your item, or products, will get the highest return. A study on the initial investment of the liquidated products was carried out at this stage, now take the time to research your reselling channel to find the one that can give you the return you need to maximize profits.
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