BUYING AND SELLING
A buy-and-sell enterprise is nothing more than purchasing cheaply new or previously owned products that we all need, use or want, and reselling these same items for more than cost. The difference between what you paid and what you sold it for, of course, is your profit. Buying and selling for profit is nothing new. It has been around for thousands of years; the only difference is that the currency has switched from goats and bread to paper and plastic. With that said, however, there are two primary reasons why buying and selling has recently exploded from being the closely guarded secret of a few, to the popular occupation of hundreds of thousands of people worldwide, who are now buying and selling as their sole source of income. The first reason is the advent, wide acceptance and use of the internet, and the second reason is what I refer to as the new economy.
3. The Buying Process
3.2. Factors to Consider When Buying
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Quality – Must meet job standards and safety requirements.
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Price – Should be affordable and fair.
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Supplier reliability – Should deliver on time.
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After-sales service – Warranty or repair support.
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Availability of goods – Easily accessible.
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Payment terms – Cash or credit.
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Transportation and delivery costs.