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: Buy Low, Sell High!

Lyrics

Got a clever plan to share with you
A way to make some money, it’s totally cool!

Some kids mow lawns, some kids wash cars
But I found a different way to be a star
I look for deals wherever I go
Garage sales, thrift stores, you never know!
Buy it low, sell it higher
That’s the trick that lights my fire

Find what people want
Give them what they need
That’s the secret recipe!

Buy low, sell high
That’s how we play this game
Find a treasure, make it shine
Never two deals are the same
Buy low, sell high
A little hustle goes a long way
Turn five dollars into ten
That’s the reseller’s way!

Got a bag of stickers, a hundred count
Paid just five bucks, now do the math about
Sell five stickers for a dollar each
Twenty sales later, I’ve got money to reach!
Look for value, spot the trend
Be a friend with goods to lend

Find what people want
Give them what they need
That’s the secret recipe!

Keep track of your inventory
Know your costs, that’s the story
Be friendly to each customer you meet
Your reputation should be sweet, so sweet!

Where will you find your special deals?
Who’s going to buy what you’ve got to sell?
Think it through, make a plan
You can do it, yes you can!

So look around for your chance to start
Being a reseller is pretty smart
Buy low, sell high
Give it a try!