With the power of the internet, business opportunities are opening up left and right. One of the fastest growing home-based businesses involves selling items online. Many big names like Google and Yahoo allow you to create virtual store fronts and big name etailers like Amazon.com and Overstock.com allow individuals to sell products on their sites taking advantage of the following they’ve already built with their brands. You can even take advantage of the hundreds of auction sites like eBay and OnlineAuction.com to sell your items.
These companies spend millions of dollars each quarter on market research and branding campaigns. These guys are recognized and trusted; all you need to do is hop i and take part in the success they’ve already built for you. How much easier can it get?
How nice would it be to roll out of bed on your terms and work in your pajamas all day at home while you watch your little ones or take of your ailing parents? Maybe you just need to make a bit extra each month to help support your golf habit or save for that vacation. Anyone can start their own online business selling products.
But where do I get inventory?
A great place to buy large lots of items is through bankruptcy asset sales. Many times companies file for bankruptcy and their inventory is seized. This inventory is then appraised and sold at auction to help pay back the creditors that were never paid by the debtor. These items must be liquidated and you can benefit!
More often then not, items sold in bankruptcy auctions sell for pennies on the dollar even compared to wholesale prices. Most people don’t realize that items are sold out of bankruptcy and for the savvy investor or business owner; this can be a prime opportunity to cash in and restock their stores or invest in brand new business ideas.