Buy now, sell later strategy in business

[Starmix]

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?

 

[nomad]

What if you cannot sold everything from your inventory? You will be at a loss, right?

 

[Sanjeev]

That's how I work in stock market. I buy shares when their rates are low and sell them after few months when they attain high rate.

 

[eldavis]

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.

 

[Starmix]

What if you cannot sold everything from your inventory? You will be at a loss, right?

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.

 

[Fidelia]

You can only do this for products that you know you can preserve them during it's season till the time it would be scarce. It can be really profitable.

 

[Starmix]

You can only do this for products that you know you can preserve them during it's season till the time it would be scarce. It can be really profitable.

Yeah, that's right, it's a strategy to escape a sudden surge of prices of commodities.

 

[cherry123]

i have seen these with palm oil business and land flipping. people would want to buy when it is low and sell when the price is high.

 

[Shavkat]

Personally, I am quite choosy when dealing this kind of selling and buying of products. The sellers are quite good in tricking their target consumers. So, we really need to be vigilant on this matter.

 

[cherry123]

it is not a bad idea provided the products are good. And again, there are no dubious activity' attached to it

 

[Starmix]

Allow only good customers. There are bad payors so it's best to do a face to face inquiry.

 

[Ratine]

This is very profitable especially when you buy at low prices and sell at higher prices and making good profits.

 

[Starmix]

Sell only when the price is high and buy when the price is low to see your profit gaining.

 

[King Belieal]

If you can stack as much inventory for non perishable products, please do. The prices of business inputs keep increasing every round you want to restock.

 

[Starmix]

This business may suit to those who have passion of a business like this. Not all like to labor and make the self dirty.

 

[Stardom22]

It's sounds so strategically most especially when the business managers do that intentionally for selling at higher prices at later date.

 

[AmazingJob]

There will be pros and cons for this though. What if the demand becomes low and you have more items in the inventory. Instead of selling them in the highest possible rate, it will become cheaper that the actual amount because of the demand.

 

[Starmix]

Don't buy if the market price is high. Wait for the time product market lowers and sell if the price market is high.

 

[AmazingJob]

Don't buy if the market price is high. Wait for the time product market lowers and sell if the price market is high.

Yup buy it if the price is low but my dilemma is the storing them when the demand is not high and less people are buying the items.

 

[Starmix]

Yup buy it if the price is low but my dilemma is the storing them when the demand is not high and less people are buying the items.

You have to buy only stuff that cannot be rotten nor perished like pairs of children's shoes or bags.