A lot of people know that they want to start an online company. One of the easiest ways is to become a reseller. The reason is that another company has done all of the hard work in the development, testing, branding, and creating the product. The main challenge in this scenario is to find a product that will make you money.
Your first step, obviously, is to find a source. You can search the Internet for products, attend trade shows or find niche magazines. If a company doesn’t have a reseller program, you can contact them to make your pitch. Often, you may find that they would be more than happy to have another salesperson working on their behalf.
Once you have located a product to resell, you should understand how wide your audience is. Is this a product that can bring in a large volume of business? Researching the competition, also, is important during this stage. Find out if there is something that you can do better than the rest – whether it’s with the price, the features, better service or some other area.
In finding a product, don’t get too caught up in the fact that you may not be a subject matter expert in the field. Most companies will help get you trained and can give you the right tools so that you’re a success. Additionally, you don’t need to have a great amount of passion for the product itself. Instead, you should have a passion for the business and sales that it can possibly bring.
The ultimate attributes that you should seek when becoming a reseller are if the product is in demand; how high are the start-up costs and if the company can support you in becoming successful.