Lots of people got into reselling common consumer products during the pandemic because of money concerns or too much extra stuff lying around the house they suddenly were stuck inside.
And demand skyrocketed as some goods became difficult to find or new remote-working and remote-schooling needs developed.
There are dozens of websites on which to sell merchandise, whether they’re items you already own or, to take it up a notch, a stream of goods you acquire from somewhere else at a cost that’s low enough to make a profit when you unload it.
There are the big generalists — including EBay, Amazon and wholesale site B-Stock — and a wealth of specialized online marketplaces for books, vintage clothing, jewelry and other things. Most sites have basic get-started guides and communities of sellers that share tips.
Here are some basic questions and answers.
Is this even legal?
As long as the merchandise has been legally purchased, retailers can’t prevent you from selling it again to a different buyer.
Some retailers require resellers to deface labels, bar codes and QR codes. And there have been instances in which brand owners issued cease-and-desist demands, but those appear to have been rare. Hang on to sales receipts, however, just in case.
There is one way folks involved in reselling can get themselves into serious trouble, and that is by not being careful about where they obtain their goods.
Selling fake or stolen items is not only illegal but also wrong and can be downright dangerous. A simple internet search will turn up stomach-churning cases involving counterfeit electronics that were faulty or even fire hazards and bogus brand-name cosmetics containing bacteria and feces.
How do I get products to resell?
Make sure to buy from legitimate sources. One is B-Stock, which acquires its goods at liquidation prices from big-name retailers and websites.
If you plan to buy from wholesaler sites such as B-Stock, you will need a resale certificate with a sales tax number. That allows you to avoid local sales taxes when you buy, which lowers your costs. The resale certificate requirements vary among states, but several accept the Uniform Sales and Use Tax Resale Certificate from the Multistate Tax Commission.
To use a site such as EBay as a reseller, you first have to register by creating a business or personal account. You then decide what you are selling, list it with a description and add a photo.
In November, EBay launched a partnership with wholesale liquidator Bulq that lets resellers tap into items customers returned to Target and other big retailers. Stores often don’t bother returning the items to their own shelves because it’s cheaper to hand them off to a liquidation firm.
Are there big upfront costs?
Not necessarily. Before some people began buying in bulk, by the cargo pallet or truckload, they started out very small.
B-Stock recently surveyed 145 resellers to see how their businesses fared during the 13 months of the pandemic and found that 25% did not require financial assistance to start their business.
Once your business is underway, other traditional costs can be low, including marketing. Many businesses advertise their resale wares by using their Facebook and Instagram pages.
Many sites charge commissions and fees on sales, which will eat into your profit. And, of course, you’ll need to ship the products to the customers.
For reviews of sites and a rundown of costs, check out SideHusl.com, which researches and rates moneymaking opportunities in the gig economy.
Resellers generally need to collect sales tax in their home states and pay income tax on their earnings, although occasional sellers usually get an exemption for activities such as hosting a yard sale at their house.
One reseller, John Traches, has been running his business, JT Merchandise Outlet, since 1999, but he said the pandemic sparked a lot of additional interest in reselling.
“I just think, because people were not able to get out, they were looking for other ways to make money,” Traches said. “So they’re just getting creative, thinking about what they can buy and then resell, out of their house, online, and I think that definitely has driven the sales up.”
What you need to know if you are thinking of cruising this summer
Q. Is it safe to cruise?
Q. What if I’m vaccinated?
Q. What if I’m not vaccinated?
A. If you’re not fully vaccinated, the CDC recommends getting a PCR test three to five days before the cruise; afterward, you should stay home for seven days even if you test negative.
If you’re not fully vaccinated and you don’t test prior to your sailing, the CDC recommends you stay home for 10 days after your cruise.
If someone recovered from COVID-19 in the last three months decides to cruise, they do not need to be tested or stay home unless they have COVID-19 symptoms.
Q. Where and when can I cruise?
Q. Which lines require vaccinations?
Q. Are COVID-19 tests required?
A. Many of the countries where cruises are launching this summer require COVID tests. Be sure to check requirements.
As for the cruise lines:
Royal Caribbean Group, including Celebrity Cruises, will require passengers under the age of 18 to provide proof of a negative RT-PCR test result. The company did not set a time frame for the test.
Windstar will administer a free COVID-19 antigen test for all passengers at the pier prior to boarding. A negative test result is required to board.
Crystal Cruises will require passengers to provide proof of a negative PCR test taken no more than five days prior to arriving in the Bahamas, as required by the country.
Norwegian Cruise Line will require all passengers to take a COVID-19 antigen test prior to boarding and receive a negative result.
Seabourn has not yet announced its testing requirements.
Q. Will ships sail full?
Q. Will masks be required on board?
A. Royal Caribbean Group, including Celebrity Cruises, has not yet decided whether passenger will be required to wear masks.
Windstar will require passengers to wear masks indoors in public spaces except when eating and drinking.
Crystal Cruises will require passengers to wear masks in restaurants before being seated, show lounges, casino, fitness center, elevators, ship tenders, shoreside terminals and tour dispatch areas.
Norwegian Cruise Line will require passengers to wear masks while indoors except for in their rooms and while eating and drinking in restaurants, bars and lounges, and outdoors when social distancing is not possible.
Seabourn will require passengers to wear masks “whenever physical distancing cannot be maintained both on board and during excursions.”