Buy & Sell Business

[al1974]

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Buy & Sell business is typically the easiest type of business to start with because of the following reasons:
1. Flexible capital (you can start small)
2. Zero or Low overhead (you can even start without a store or space tp rent with- you can even have a virtual store)
3. No advertising cost
4. You can keep your job while you are starting
5. Fast returns, healthy cash flow
6. High profits
7. Effort = Result ( the greater the effort, the greater the result)
8. Most business empires/conglomerates started with buy and sell- JG Summits, SM Group, JFC, etc.

The challenge is to sort out what to sell and to validate if there is a market/demand of your product... Some people create the market/demand to have their product sold.

Small Time Buy and Sell: RTW, Celphones, food items, fruits and vegetables, basic goods, FMCG, accessories, school supplies, shoes, bags, cosmetics
Medium Scale: Jewelries, branded watches,laptops, gadgets,
Big Time: Vehicles, Houses, Lots, Stock Options, Rights or Licenses to a business

Some trivia on Buy and Sell Business
1. You can not mark up brand new cars but you can earn in secondhand/used cars
2. All lots (except during war) increase their value year on year
3. Stock Value mostly depends on performance and company directions (except if manipulated)
4. Buying and selling can be retail or wholesale. Retailing gives higher margins but wholesale gives you the volume.