What does it take to become an entrepreneur? Does it require starting up a business to recruit an ever ready workforce, sell other peoples product to make money online via online stores / affiliate marketing or selling items in a physical shop.
Well, we all have our own perspective to entrepreneurship. To me it could be this and to you it could be that.
However, have you ever experienced the comfort of making money from other peoples product maybe as a promoter or brand influencer.
If you do, then I think you either sold those products in return for commissions as seen in affiliate marketing and sales that comes through promotion as a brand ambassador.
Selling other peoples product is common amongst small shop owners and road side sellers who sell different products not actually produced by them.
The only thing needed is the ability to sell, once you have the required sales skills needed, then you’re good to go.
Therefore, let us look into some benefits attached to selling other people’s products on the long run.
Table of Contents
Benefits of selling other peoples products:
1. Selling other peoples products could fetch you good money:
You don’t necessarily have to own a brand or product before making money online.
Selling other peoples product will gives you the opportunity to make money without having a product or brand to your name.
Just like affiliate marketing where you sell other peoples product in return for some percentage commission.
You can make money through commission sales, consignment sales, drop shipping or even as a delivery agent.
The bottom line is that you can earn good money selling other peoples products
2. Only your service is required, thereby saving you time and stress of choice:
When you sell other peoples product, the main thing required is your service.
Hence, you save the normal day to day cost of running a business like you’ll do if you run a coffee shop or a boutique.
You also save yourself the time and headache of choosing a product or business name.
3. You can boost your sales skills selling other peoples:
You can power up your sales skills selling other peoples product even before you create yours.
Robert Kiyosaki once said “one of the reasons I consider a direct selling business the perfect business is simply because the company will work with you to get the business skills that will make you rich.
Those brands will also grant you free training on how to sell because when you sell, they also make money.
Similarly, you can build up your digital skills such as social media skills, blogging skills, SEO skills, videos editing skills, email marketing skills and how to strategically run ads that yields good conversions.
Incredible articles for you:
4. You can utilize your social media handles to sell other peoples products:
This is another good way to make the best use of your social media accounts.
Our media accounts could become a good income generator.
Just the same way you come online to say hi to your friends, without owning a single product to your name, you can recommend other peoples products to them and make cool money in return.
No doubts that many of us might not have the required financial capacity to start up a company but we do have social media accounts.
Therefore, instead of just coming online for fun and chats with families and friends, we can monetize our handles.
5. Selling other peoples product could help you grow your SWOT index:
You can make mistakes and not get burnt because you only bear the cost of losing your commission.
Hence, you can cheaply correct mistakes, build your strength, fight your weaknesses, aim for opportunities and take caution against possible threats.
There are many ups and downs of running a business. Some startup entrepreneurs close down completely because they find it hard to get back up after a business setback.
This is why starting out with other peoples product where you can learn from successful businesses is so important.
Selling other peoples product gives you to opportunity to learn entrepreneurship.
6. You can use another brand without incurring copyright legal cases:
There is no permission anywhere in the world where you’re allowed to use another business name to sell your products.
If you do so without any legal rights, you stand a huge chance of getting sued and paying painful legal damage fees.
When you sell other peoples product product, you end up using their brand name and authority to make money and build reputation before customers.
7. No shipping, storage or maintenance cost to handle when you sell other peoples product:
Running a business comes with some certain cost, you can cheaply avert these cost when selling for others.
These is because you’re just like an helping hand so you might not even need to worry about how to ship items to customers.
You’re just a middleman in the entire business transactions.
8. Access to free expert mentorship and team work building:
There must be some professionals in that brand or line of business you’re working with.
You can ask questions and get quick answer without paying any expert a dime for consultations.
For instance, if you’re privileged to work with Microsoft and you’re given access to Bill Gates, am sure you’ll be willing to ask some pertinent questions.
You can also learn how successful entrepreneurs who started from the bottom made it to the top.
This will also grant you the opportunity to build the good spirit of teamwork unlike a one man business.
Quick access to mentorship and building a good team spirit is one of the many benefits of selling other peoples products.
9. Other peoples product no customer service to handle:
Running a personal business comes with the task of handling different type of customers.
Customers are the major part of every business, hence a business without customers is likely to perish.
Customer service is crucial if any business must grow to its limelight.
Since you’re selling another person product, they will surely have a department that handles that while you focus merely on sales.
Well, if you want to learn about building good customer service, here is an article on how to build a great customer service in 24 business months.
10. Selling other peoples product can make you become your own boss:
The bottom line here is that nobody will fire you for whatsoever reason.
You’re not a regular employee so cannot be fired easily, hence making you work like your own boss.
You might decide to work alone from home or get yourself an office space in any choice location you want.
Since you’re basically selling other peoples product, you don’t need any additional staffing to join your working team.
This will help you keep more profits to yourself which could have been gone via salary payment to staffs.
Share your contributions with me at the comment section.