How to start trading

The most common type of business that does not require almost any special knowledge is trade. The process of buying at a cheaper price and selling at a more expensive one is quite simple, but there is a specificity here too - finding cheap consumption markets is not so easy. If you decide to start trading, you must do everything strictly according to the scheme, avoiding ambiguities and inaccuracies at every step.

You will need

• - a computer

• - Internet connection

Instruction manual

1

Define your target group and suppliers. The key point after determining the target group is to identify its needs. This is necessary both in order to properly build a commodity-pricing policy, and in order to make it possible to organize trade in any product that is not originally included in your offer.

2

Find the cheapest and best provider. Optimality must be analyzed based on the price for which he is ready to sell the goods, delivery / logistics costs and the quality that he offers. Undoubtedly, it’s better to slightly overpay for quality than to cheapen and deal with crowds of dissatisfied customers.

3

It is not necessary to open a trading floor at the first steps. You can create a website or use the capabilities of a social network. In this case, you send the goods after it arrives at you, the buyer also pays for the shipment. In this case, you can even work on one hundred percent prepayment and not use your capital at all.

note

In no case do not chase the cheapest offer - it can mean a fake or low-quality goods.

Useful advice

Try to ensure that all your product groups are interconnected or have a common focus.