Reseller
A reseller is a
According to the
Internet
Resellers are known to conduct operations on the Internet through sites on the web.
For example, this occurs where individuals or companies act as
Another common example of this is in the web hosting area, where a reseller will purchase bulk hosting from a supplier with the intention of reselling it to a number of consumers at a profit.
Digital Platforms for Resale
Some of the platforms used to resell are websites and apps such as
Software and ebooks
A software reseller is a consultant who sells the software from large companies under a licence. They have no legal employment status with the parent company and generally operate on a freelance basis.
Business model
The companies visited to and pitched to by software resellers are often
Web resellers
A subcategory of reseller is a web operative who will buy a large amount of hosting space from an Internet service provider (ISP) and then resell some of this space to clients. Their hosting is often managed through a virtual private server (VPS) which allows them, through a control panel, to administer bandwidth, databases, passwords etc, for the client.
The popularity of this business model grew with the rise of freelance web designers as it enabled them to be the sole service provider for the client. After an initial consultation with the client they could subsequently design, develop and also host the site as a single operation.
Sustainability
Reselling creates a circulation of products, whether that be clothes, technology, books, etc. This circulation extends the lifespan of products and reduces the amount of waste in landfills.[5] This process of reselling also minimizes the carbon footprints of clothes. Carbon footprints can be reduced by approximately 82% when purchasing used clothing in place of new clothing.[6] A used product purchased over a new one, such as clothing, is capable of saving about 1 kilograms of waste, 22 kilograms of CO2, and 3,040 liters of water.[7]
The Rise of Resale
$175 billion is the amount that Global Data predicted for the total resale market of 2023 in the United States.[8] But in fact, Global Data confirms that this value was exceeded and in 2023 the total resale market reached approximately $193.7 billion.[9]
History
Dating back to the Middle Ages, trading of secondhand clothing was common for impoverished communities. Although the concept of "thrifting" sprouted long before, it wasn't until the formation of official organizations such as The Salvation Army and Goodwill that secondhand clothing/items flourished. Even though the popularity of resale/secondhand items fluctuates, it remains familiar in the 21st century.[10]
Artificial Intelligence
AI is being used in the works of resale, allowing resellers to automatically purchase high-demand products without actively being present. With such technology, resellers can focus on other important tasks all while getting their inventory at the best possible price with the help of AI. This doesn't mean that people should disregard their involvement with business purchases, as it remains essential for resellers to monitor expenses and participate in decision-making.[11]
See also
References
- ^ Vargas, Andrea (2021-12-23). "16 Best Places to Resell Online". B-Stock Solutions. Retrieved 2024-03-13.
- ^ "Coach (Re)Loved | COACH®". www.coach.com. Retrieved 2024-03-13.
- ^ "Thrift and Vintage Levi's Jeans and Trucker Jackets". www.secondhand.levi.com. Retrieved 2024-03-13.
- ISBN 978-3-8423-0051-4.
- ^ "The Environmental Impact of Resale » Uptown Cheapskate Franchise". uptowncheapskatefranchise.com. Retrieved 2024-03-13.
- ^ Reinhart, James. "2021 Resale Report". ThredUp. Retrieved March 12, 2024.
- ^ "The Rise Of Resale: How Second-Hand Became Fashion's First Port Of Call". British Vogue. 2022-01-15. Retrieved 2024-03-17.
- ISSN 0017-8012. Retrieved 2024-03-17.
- ^ "Apparel Resale Market Report Overview". Global Data. November 30, 2023. Retrieved March 17, 2024.
{{cite web}}
: CS1 maint: url-status (link) - ^ "Thrifting through the ages: How we've strayed from central values - The Arizona State Press". www.statepress.com. Retrieved 2024-03-18.
- ^ administrator (2023-12-13). "How AI Is Impacting Consignment and Resale". Aravenda Consignment Software. Retrieved 2024-03-18.
External links
Media related to Resellers at Wikimedia Commons