Is selling a gift card a good business?

Reedex

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There are mixed opinions when it comes to selling of gift cards as a business. Some find it very profitable while others face challenges because the market is saturated right now.

Based on experience, the profitability of selling gift cards would definitely depend on the niche that you concentrate on and how well you can differentiate yourself from the competitors in the gift card selling markets.

 

nomad

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• Feb 9, 2024

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I have no experience so I cannot say whether you can profit from this business or not. I see a lot of sites as well as individuals selling gift cards and I believe this can be profitable.

 

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Stardom22

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• Feb 27, 2024

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Reedex said:

There are mixed opinions when it comes to selling of gift cards as a business. Some find it very profitable while others face challenges because the market is saturated right now.

Based on experience, the profitability of selling gift cards would definitely depend on the niche that you concentrate on and how well you can differentiate yourself from the competitors in the gift card selling markets.

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That business that deals with the selling of the gift cards can't make a great business in my country. Unless you incorporate it with some other kinds of business otherwise we have insufficient market for the same.

 

SHAHID987

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• Feb 27, 2024

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Gift cards business is something like bearing throughout the year demand. People those who are involved in it with some innovative ideas are very much successful. In my early age I did this business and got success.

 

freelancermaria

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• Feb 27, 2024

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Selling gift cards can be successful, but it also presents some obstacles. The market can be overcrowded, which means you have a lot of competition, so you need to figure out how to stand out.

 

Sanjeev

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• Jul 6, 2024

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I don't know much about it if it's profitable or not. But I have seen people use gift cards often these days.

 

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Sawe

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• Jul 7, 2024

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I don't have any experience in this business as it is not so popular in my country. Starting it here would mean that you need to be so specific about your target audience and how you can reach the international market in this business.

 

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Fidelia

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• Oct 27, 2024

• #8

The Gift Card thing can really be sold online where you have people that are willing to buy. It should be done with selling of other virtual money.

 

eldavis

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• Oct 28, 2024

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Am not so sure since I have not tried it. Back then it was a very lucrative business but right now it feels like sales has gone done.

 

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Min George

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• Oct 28, 2024

• #10

I don't even know how that business works. Do they buy the gift cards and resell it for profits?