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How to Resell in 2021: Navigate Economic Uncertainty

The year 2020 was a rollercoaster ride that left us grappling with unforeseen challenges. As we usher in a new year, the echoes of the past still reverberate, reminding us that the consequences of the previous year continue to affect our lives. Learning how to resell in 2021 may just be the vehicle that helps you make it through this next year without falling victim to the current economic climate.

The pandemic lingers on, leading to lockdowns, supply chain disruptions, fluctuating paychecks, and economic instability. It’s a reality we must confront, even as we grapple with the “what-ifs” and uncertainties that loom over us.

Amidst this uncertainty, I’ve received numerous emails from our community members who are contemplating supplementing their income through liquidation reselling. The stability of their previous full-time jobs is no longer a given, making the prospect of reselling all the more appealing.

So, if you haven’t considered it yet, let’s explore why reselling liquidation merchandise can be your lifeline in 2021:

Why Learn How To Resell in 2021?

There’s Room for You

When A&E’s “Extreme Unboxing” series debuted last year, concerns arose about market saturation and changing dynamics. Some feared that reselling would no longer be as lucrative due to increased competition. However, this apprehension was largely unfounded, particularly in the long run. It’s essential to differentiate between storage units featured in shows like “Storage Wars” and the world of liquidation pallets. Prices for liquidation goods remained stable despite the rise of “Extreme Unboxing.” Change in the market was inevitable, and it was accelerated by the global pandemic.

The truth is, there is ample room for newcomers in the liquidation reselling landscape. By researching products that sell well in your area and on your chosen platforms, you can carve out your niche. The retail industry faces an escalating challenge with millions of pounds of returned items, many of which cannot be resold through traditional channels. With an estimated 3.5 billion returned products in the United States alone ending up in landfills, there is an abundance of opportunities. While it may require adjustments and creative solutions, reselling is an open field with space for all.

You Work for Yourself

Being able to know how to resell in 2021 is a self-reliant profession that grants you full autonomy, and has potential to be a long lasting financial strategy. Your success is determined by your dedication and effort. You decide how many items to list, how frequently to list them, and how to source your inventory. Whether you want to dedicate substantial hours or just a few per week to supplement your income, the choice is yours. Discipline is key, but your workload is entirely customizable, and your profits are directly correlated with your efforts.

You Can Start and Stop at Will

For those seeking a temporary solution amid economic uncertainty, liquidation reselling is a flexible option. You can begin at your own pace, learning gradually. It might even become a passion you want to pursue long-term. However, if you decide to stop, you can do so without significant consequences. Simply fulfill existing orders, close your online listings, and liquidate or donate the remaining inventory. It’s a low-risk endeavor that provides an exit strategy if needed.

The year 2020 was marked by uncertainty, and 2021 has continued in the same vein. While we can’t predict the future, reselling offers a practical way to navigate these uncertain times and provide an additional safety net for you and your family.

Best of luck on your reselling journey in 2021!

2020 was full of uncertainty, 2021 has begun that way. Who knows what the rest of the year will bring?

But reselling can be a viable option to help you move through that uncertainty and give you yet another safety net that helps you and your family feel more secure.

Best of luck to you!

Enjoyed this? Check out: 

4 Tips to Increase Your Productivity 2021

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