What are some tips to remember when you are buying inventory for your business?

It does not matter if you sell at a swap meet, online or even in a booth in a store—you will eventually have to buy inventory to stock up with.  What are some tips to remember when you are out and about buying items?

When you are beginning to sell, the easiest thing to do is to buy items that you know a good amount about.  When you start to expand your business, you can expand what you know by expanding into other areas (like glassware or even pottery).

When you are buying, keep in mind on where you are going to sell the item.  Heavy items or even items that are large like a 5-foot tall sign will be harder and more expensive to ship if you sell it online—it might sell better in a booth or at a swap meet.

The biggest thing to remember is to know what your budget is.  Things will get out of hand very fast if you don’t know what kind of wiggle room you have in the budget.

This is just a few tips to remember when you are buying inventory.  What other tips do you keep in mind when you are buying inventory?

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