Editor's note: This article is excerpted from 202 Things You Can Buy and Sell for Big Profits from Entrepreneur Press.A buy-and-sell enterprise is nothing more than purchasing cheaply new or previously owned products that we all need, use or want, and reselling these same items for more than cost.The new global marketplace has also created a second reason why buying and selling is not only the wave of the future, but also likely to become a large part of what makes up the new economy in industrialized nations such as the United States and Canada.It is no secret that manufacturing, technology and middle-management jobs continue to disappear daily, swallowed up by overseas economies with cheaper labor, raw product, and production costs.The first reason is the advent, wide acceptance and use of the internet, and the second reason is what I refer to as the new economy.
Imagine the flexibility that buying and selling offers. You can buy and sell full time to replace your current income and in all likelihood earn more.
The internet has not only made it easier to sell products into the global marketplace utilizing online sales venues such as e Bay, e-commerce websites, e-classifieds, and e-storefronts, but to also source a nearly limitless number of in-demand products, which can be bought cheaply from domestic and overseas suppliers and resold for a handsome profit.
Once this task was out of the reach of most small businesspeople because of the amount of time and money required to research and often travel to foreign and domestic product suppliers to inspect, negotiate, and ink an agreement. Now with the simple click of a mouse you can buy products cheaply from thousands of suppliers spanning the globe, and resell these same products worldwide through numerous online marketplaces, or locally through community retailing opportunities like your weekend flea market-all for incredible profits.
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