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| − | In [[The Personal MBA|The Personal MBA]] a ''resale'' is based on purchasing an asset from another business to sell it later at a higher price. It is one of the [[Twelve standard Forms of Value|Twelve standard Forms of Value]] (Form of Value #5 of 12). Resellers are valuable because they help wholesalers sell products without having to find individual buyers. The core competences for a reseller need to be:
| + | Resale |
| − | * Sourcing good products at low prices
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| − | * Managing inventory levels
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| − | =Key Points:=
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| − | * Resale is, basically, purchasing an asset from another business to sell it later at a higher price.
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| − | * The keys to do this effectively are:
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| − | ** Purchase a product as inexpensively as possible, usually in bulk.
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| − | ** Keep the product in good condition until sale.
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| − | ** Find purchasers of the product quickly to lower inventory costs.
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| − | ** Sell the product for as high a markup as possible.
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| − | * Resale value lies in helping wholesalers sell without having to find individual customers.
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| − | =Questions for Consideration:=
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| − | * Does delivering value as a resale make sense for your business idea?
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| − | * If so, what do you need to plan for to make it successful?
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| − | Source: http://book.personalmba.com/resale/
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| | [[Category:mbi]] | | [[Category:mbi]] |
