RESELLING Meaning and
Definition
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Reselling refers to the act of selling an item, product, or service that has already been purchased from another party. It is the process of reselling a pre-existing purchase for a profit or to recoup the original cost. Usually, reselling involves acquiring items at a lower price, either through buying wholesale, discounted rates, or secondhand markets, with the intention of selling them at a higher price.
Reselling can occur in various contexts, such as in the retail industry, where individuals or businesses purchase goods from manufacturers or distributors at wholesale prices and then resell them to the end consumers, often applying a markup to generate a profit. Additionally, reselling can also take place in online marketplaces, where individuals sell unused or unwanted items, such as clothes, electronics, or collectibles, to interested buyers.
The practice of reselling requires a keen understanding of market demand, pricing strategies, and negotiation skills to maximize the profit potential. Individuals or businesses engaging in reselling often develop expertise in specific product categories and establish relationships with suppliers or wholesalers to secure a consistent supply of merchandise.
Reselling can be a legitimate business strategy, as it allows for the redistribution of goods, contributing to market efficiency and meeting the demand of consumers. However, in some cases, reselling may involve unauthorized or counterfeit products, infringing upon the rights of manufacturers or brand owners.
Overall, reselling is the act of buying goods or services at a lower cost and then selling them to another party at a higher price to make a profit or recoup the original investment.
Common Misspellings for RESELLING
Etymology of RESELLING
The word "reselling" is a derivative of the verb "sell". The etymology of "sell" traces back to the Old English word "sellan", which means "to give, hand over, deliver". It has Germanic origins and is related to similar words in other Germanic languages. As for the prefix "re-" in "reselling", it indicates repetition or doing something again. Therefore, "reselling" essentially means selling something again, implying the act of selling an item or product that was previously purchased or acquired.
Similar spelling words for RESELLING
Conjugate verb Reselling
CONDITIONAL
I
would resell
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FUTURE
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will resell
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FUTURE PERFECT
I
will have resold
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PAST
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resold
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resold
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PAST PERFECT
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had resold
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had resold
PRESENT
I
resell
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resell
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resell
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resell
PRESENT PERFECT
I
have resold
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have resold
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have resold
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am reselling
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are reselling
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was reselling
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had been reselling
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will have been reselling
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would have resold
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would be reselling
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would have been reselling
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would have been reselling
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