Reselling is growing to be one of the most favored businesses. There are many homemakers and students joining the league of resellers. The profits made can depend on the type of products being handled and the platform where the reselling happens. If you directly purchase from a factory or a direct supplier and sell it in your locality or to a local store then there might not be too many legal terms to think about. There should just be a transparency in the deals. Provided you let the buyer know that you are merely a reseller there might not be any difficulties in the whole process. But when you choose to sell on common platforms or when you choose to sell on e-commerce shopping sites then there might be certain terms and conditions to clearly learn about. Online arbitrage is very common and there are many who buy products at a cheaper price and then sell them online for a better price to make money. If there are just one or two items being sold there might not be a difference. The real difference begins when you start selling several products naming the condition of the product to be ‘new’ though it is a resale that is happening. The credibility of the reseller would be verified by the e-commerce site. This is done so as to ensure that the reseller doesn’t sell a used product labeling it new instead of reselling a new product directly from the suppliers which can, in turn, affect the e-commerce portal’s credibility.
- Ensure that you have a legitimate invoice for the purchase of the item and make sure that you only buy from a reliable supplier.
- Understand how the warranty terms would be changed when the invoicing is done during the reselling process.
- Do not infringe on any trademarks.
If you stick with the above conditions then reselling is legal.…