Earn from Reselling Goods in Sri Lanka
Purchasing products at lower prices and selling them at a markup on platforms like eBay or local marketplaces.
What is Reselling Goods Money Making Method?
Purchasing products at lower prices and selling them at a markup on platforms like eBay or local marketplaces.
Earning Potential 📈
- Margins - 20–50% on electronics/apparel; refurbished phones yield 30% profits.
- Platforms - 80% use Facebook Marketplace; Daraz sellers report 15% lower fees.
- Risks - 25% of resellers face inventory loss due to scams.
How Make Money Online Reselling Goods Works?
Earn from Reselling Goods in Sri Lanka,Purchase products at wholesale prices or from clearance sales, then sell them at a markup on platforms like eBay, Daraz, or local marketplaces, profiting from the price difference.
Skills & Resources Needed 🎯
- Market knowledge - Identifying items with resale potential
- Negotiation skills - Sourcing items at low prices
- Product research - Understanding item values and demand
- Sales abilities - Marketing items effectively
- Capital - Initial funds to purchase inventory
- Storage space - For keeping inventory
- Smartphone or camera - For product photography
- Online marketplace accounts - eBay, Facebook Marketplace, ikman.lk
- Packaging supplies - For shipping sold items
- Transportation - For sourcing and delivering items
How to Get Started 🚀
- Research profitable products with good margins and local demand
- Find reliable suppliers or source products from local markets
- Set up selling accounts on Daraz, eBay, or social media platforms
- Take professional photos of your products
- Calculate all costs (product, shipping, fees) to ensure profitability
Best Way to Learn to Earn From Reselling Goods in Sri Lanka
Free Methods to Learn to Earn From Reselling Goods in Sri Lanka
- YouTube tutorials on product sourcing and flipping
- Join reseller communities on Facebook
- Learn from free wholesale marketplace guides
- Study successful sellers on platforms like ikman.lk
Affordable Methods to Learn to Earn From Reselling Goods in Sri Lanka
- Reselling business courses on Udemy (Rs. 2,000-5,000)
- Small inventory investment to practice (Rs. 10,000-30,000)
- Local entrepreneurship workshops (Rs. 5,000-15,000)
- Product photography equipment (Rs. 5,000-20,000)
Paid Methods to Learn to Earn From Reselling Goods in Sri Lanka
- Comprehensive retail arbitrage courses (Rs. 25,000-60,000)
- Inventory management software (Rs. 20,000-50,000/year)
- One-on-one coaching from successful resellers (Rs. 30,000-70,000)
- Significant inventory investment (Rs. 100,000-500,000)
Pros ✅
- Ability to start small and scale gradually
- Can leverage knowledge of local markets and demands
- Multiple platforms available for selling
- Flexibility to pivot to different product categories
Cons ❌
- Initial capital required for inventory
- Storage space needed for products
- Risk of unsold inventory
- Thin profit margins in competitive markets
Earning Platforms 💰
- eBay - Resell imported or local products to international buyers
- Facebook Marketplace - Trade secondhand goods locally via Facebook groups
- Ikman.lk (local) - Sri Lanka’s largest classifieds site for reselling electronics, furniture, etc.
Helpful Tools 👨💻
Free Tools
- Facebook Marketplace - List secondhand or wholesale goods for free.
- WhatsApp Business - Communicate with buyers and share product catalogs.
- Google Sheets - Track inventory and pricing for free.
- Canva - Create branded flyers or social media posts.
- Daraz Seller Center (Free Registration) - Sell products on Sri Lanka’s largest e-commerce platform.
- Instagram Shopping Tags - Tag products in posts for direct sales.
- PriceCheck.lk - Compare prices to stay competitive (free app).
- Telegram - Create channels to broadcast deals to customers.
Paid Tools
- eBay Seller Hub - Analytics and listing tools for reselling goods globally.
- Poshmark Premium - Advanced insights for reselling fashion and accessories.
- List Perfectly - Crosspost inventory to Facebook Marketplace, Mercari, etc.
Scam Alerts 🚨
Beware of suppliers requesting large upfront payments without established reputation. Verify product authenticity, especially for branded items. Watch for unusually cheap wholesale prices that may indicate counterfeit goods. Be cautious of shipping services with hidden fees or inadequate tracking.