A reseller business can be a great option for first-time entrepreneurs. But just like any other online business idea, a reseller business requires a lot of patience and commitment.
What is a Reseller Business?
A reseller business allows you to resell Merchant account solutions which you get from the Acquirers or processor. The reseller business model is affordable, making it a great option for new entrepreneurs. As a reseller, you’re essentially the middleman between the manufacturer and customers. You won’t need to create your own
Able to Set Your Own Margins:
When you become a reseller, you’re free to set your own margins. You can choose to price your products any way you want. Since the cost of goods is low, you can price your products to ensure your reseller business is profitable. The higher you set your price the more you can make. Be sure to look at industry standards for product pricing.