What is a buying and selling business?

What is a buying and selling business?

In the business of buying and selling, that is. One type of business in which the business owner does not need to have knowledge of the production of products themselves. That's because business owners can buy products directly from "Product manufacturers" or "middlemen" to receive products and then sell them through various channels by increasing the price to make a profit.

🔸What is buying and selling business?

Trading business is when the business is like an intermediary between the producer and the consumer. The trading business will buy products directly from the manufacturer. Or may buy through a large intermediary again The purchase will be the purchase of the product and then sell it to the customer at all. not customized or did not buy it to produce another product Thus making it possible to start a trading business easily. Because there are various types of products to choose from according to your interests. And some products may not require a lot of capital to be able to do trading business.

🔸 Why have a business to buy and sell?

Some manufacturers May be an expert in the production of products but may not be an expert or is capable enough to bring the product to the market or bringing products directly to consumers' hands, so small business owners Or middlemen are important variables to make the products of those manufacturers. to reach consumers more conveniently

As for the important factor that will make the trading business to be flexible, it is "store management" which has 4 main factors that should be considered.

1. Storefront management

Storefront management is the first factor that we should take into account. For the business of buying and selling, it is because We should know that the products we sell. Who should be sold to? And where does our target audience live? This can also be called finding the right “Location”, which at present may not require a storefront. For a business to buy and sell because We can now sell products online.

2. Stock management

In the business of buying and selling Maybe it's not a business that only brings products. any type to sell but may be imported Or receive products to sell in a variety of ways, so stock management is another factor that should be taken into account. because if the product received is too much until it cannot be sold out May cause dead stock, which may cause our funds to sink with the product that will not be able to sell itself. Therefore, business owners need to have knowledge of product management. and stock In order to choose a product to stock up to be worth it and the most profitable with their own shop

3. Transaction Management

These businesses may encounter a wide variety of orders for incoming products. Therefore, business owners should have good order management. Because if there is no good order management, such as not being confident that this customer What products do you order? how much money or need to send the product on the date There may be errors that lead to loss of customers or losses. Therefore, to do whether it is a general business or a trading business. should deal with the transaction well

4. Profit and loss or sales

The most important factor for not just trading business. But it may be important to every business that is income and expenses. Or accounting, because if we know that the money flows in from any way. and flowing out of which way It allows us to be able to deal with the issue of investment or cost reduction as well.

🔸 Buying and selling what does it look like

Characteristics of a buying and selling business or a buying and selling business Most of them are buying products that are popular at that time. which will have high customer purchase demand By the nature of the trading business, the purchase will be made in large quantities. to get a lower price due to the purchase of large quantities at a time It will help the business to have a lower cost per product unit. Once the product is received, the business owner can add additional profits from the cost. and set the selling price as needed But it must be reasonable. and in accordance with the product price in the market as well

🔸 Is it a good idea to sell products like buying and selling?

In doing business, trading is considered a good business choice. It is easy to start compared to other types of businesses. because there is no need to produce the product by yourself And it doesn't require a lot of capital to get started. If a simple comparison Doing business is like buying and selling. with being a dealer They can also sell products through a variety of channels. Either in-store or online which will be able to answer the current business model very well

🔸 What is the business of buying and selling?

At present, the business of buying and selling There are many types of products to choose from. whether it is a popular product like fashion products or health-related products and products used in daily life such as food, snacks, cosmetics, household items, etc. There are also products in the category of electronic devices. or various IT equipment Even second-hand goods can be sold as well. should choose products that we have knowledge and understanding or has been used before It will be useful to provide information to customers.

🔸 Type of business buying and selling

They can be divided into two main types as follows:

1. Business to buy and sell with a storefront

It is a trading business where you buy products and sell them in front of a store. The advantage is that it allows customers to actually see the product. Or you can try the product before you buy. But to be able to sell with a storefront to be successful. will require good planning starting from choosing the location of the store Should choose a location for doing business, buying and selling where a lot of people pass by. It is an area where the target customers of the store are located. and there is a demand for products

2. Business buying and selling online

Although an online trading business is easy to start. and has lower financial costs than point-of-sale But if looking in depth, there may be subtleties. Make decisions and plan quite a bit. With online selling is easier to get started. Therefore, there are many competitors in the form of trading products that will compete with our customers.

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Examples of various brands that we take care of online marketing

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