Buy now sell later business strategy is one business plan to evade the double increase of prices so while you're still preparing for the business rent and space better buy in advance and sell the goods later. It's what I'm doing now to my online business selling printed T-shirts, I bought the t-shirts in bulk in advance to save money. What's your stand about this strategy?
Buy now, sell later strategy in business
- Thread starter Starmix
- Start date
Though this has an advantage, especially now that the cost of things keeps increasing, but there are some down sides as well. Those who do not have enough capital will not be able to afford buy more. Then in a situation where the goods might not be trending any longer, it will be hard to find a buyer.
- Thread starter
- #5
T-shirts won't get rot and rust. I always have customers but for an offline business like creating a mini store, I can buy in advance especially the canned goods, laundry soap, sachets of coffee, or shampoo and more. Choose the one not perishable.
- Thread starter
- #7
Yeah, that's right, it's a strategy to escape a sudden surge of prices of commodities.
