Resell Things: Buy Low, Sell High!

Business Course for Kids / Value Creation

Remember when we talked about different ways to create value? Another clever way is to resell things! Let’s learn more about what that means and how you can do it.

What is Reselling?

Reselling is when you buy things for a low price and then sell them to others for a bit more money. It’s like being a helper who finds good deals and then offers those things to people who want them.

Some examples are:

Buying candy in big bags and selling individual pieces

Finding cool toys at garage sales and selling them to friends

Buying craft supplies in bulk and selling smaller packs

Why Reselling is Cool

You don’t have to make anything: You’re selling things that are already made!
You can start small: You can begin with just a few things and grow from there.
You learn about what people want: You get good at finding things people like to buy.

How to Be a Great Reseller

Find good deals: Look for places where you can buy things for low prices.
Know what people want: Figure out what kinds of things your friends or neighbors might want to buy.
Set fair prices: Make sure your selling price is higher than what you paid, but still fair for your customers.
Keep track of your stuff: Know what you have and how much it cost you.
Be a friendly seller: Be nice to your customers and tell them about the cool things you’re selling.

Example: Let's Start a Sticker Business!

Imagine you love stickers and want to start a little sticker-selling business. Here’s how you could do it:

Find good deals: Look for big packs of stickers at discount stores or online.
Know what people want: Ask your friends what kinds of stickers they like best.
Set fair prices: If you buy a pack of 100 stickers for $5, maybe sell 5 stickers for $1.
Keep track: Use a notebook to write down how many sticker packs you bought and how many you’ve sold.
Be friendly: Set up a little sticker stand and tell people about your cool sticker collection!

Things to Think About

Where will you keep your stuff?: You’ll need a place to store the things you’re going to resell.
How will you find customers?: Think about where you can sell your things and how to let people know about them.
What if something doesn’t sell?: Have a plan for what to do if some things don’t sell as quickly as others.

Your Turn to Think!

What kinds of things would you like to resell?
Where could you find good deals on those things?
Who do you think would want to buy them from you?

Remember, being a good reseller means finding great deals and passing them on to others. What cool things can you find to resell?

Song: The Reseller's Rhythm

Lyrics

Verse 1:
Got an eye for a bargain, a nose for a deal
Buying low, selling high, that’s how it feels
Stickers, toys, or candy galore
The reseller’s world is knocking at your door

Pre-Chorus:
Find the deals, know what they’ll buy
Be the bridge from low to high

Chorus:
We’re riding the reseller’s rhythm
Buy it low and sell it high
No need to make, just find the gem
Be smart and watch your profits fly
Keep it fair, keep it fun
The reseller’s journey has just begun

Verse 2:
Garage sales, bulk buys, discounts abound
Turning treasures to cash with nary a frown
Track your stock, price it right
Friendly service, future’s bright

(Pre-Chorus)
(Chorus)

Bridge:
Store it safe, spread the word
Your resell empire won’t be deterred
If it don’t sell, don’t you fret
Flexibility is your best bet

(Chorus)

Outro:
Riding high on the reseller’s wave
Bringing deals that others crave