Do you want to make money buying and selling coupons from home? If YES, here are 7 easy steps to buy and sell coupons online for profit.
Even though there are no laws clearly declaring that buying and selling coupon is illegal, lots of people still make good money buying and selling coupons online and offline. People who look towards saving money use coupons whenever they go shopping in malls, grocery stores, and online stores, amongst others. And those who intend making extra money in their spare time without affecting their day jobs engage in the selling of coupons.
What are coupons?
Simply put, a coupon is a paper or certificate which carries a stated value for the purchase of specific products or services and it carries with it terms and conditions that must be strictly followed. It is just a simple way for the manufacturer of products or those offering services to give out discount on their products and services. Here is a coupon website business plan and additional tips to follow to start making money buying and selling Coupons:
7 Easy Steps to Make Money Buying and Selling Coupons Online
1. Get a Computer with Internet Connection
Although you can get to buy and sell coupons offline, the largest market still remains online. Therefore the first rule of thumb to go by in buying and selling coupons is that you get yourself a computer with internet connection. This is your visa to joining thousands of people globally to make money buying and selling coupons.
2. Surf Online Stores Regularly
Surfing the net regularly will not only bring you to meet opportunities, but will also make opportunities to come meet you right at your door post. Have you ever noticed that when you visit or make a click on some websites you would be greeted with amazing offers about coupons?
If you want to make money via buying and selling coupons, you should take those pop – ups you see seriously because it could save you real cash or put some extra cash in your pocket. The rule of thumb here is that you must take serious caution when buying coupons that are too good to true online. This is because scammers might leverage on this and you can get your fingers burnt.
3. Study Product Offerings
For you to make money buying and selling coupons, it’s important you study the demand and supply rate of the products you intend selling. There are products with short shelve lifespan; and it would be advisable that you go for such products even if the profit margin isn’t as fantastic as you wanted it to be.
The truth is that products with longer shelve lifespan would always give you great profit margin However, the big question is; would you mind tying down your money for a longer period than expected? The rule of thumb here is that if you have limited cash to invest in buying and selling coupons, it is advisable that you consider the frequencies of sales over the profit margin.
4. Know Where to Buy Coupons
Knowing where to buy coupons is as easy as buying a bottle of Coca cola! As long as you read trending magazines and newspapers, browse the net, visit grocery stores, check your emails, et al. you would most often come across coupons for sale.
Be sure to check spam mails as most of the mails you get on your spam folders are actually marketers trying to sell coupons to you. Better still, if you really want good deals buying coupons, then you might need to buy the coupon books; in this you would have lots of offers.
You could also visit the manufacturer of the products whose coupons you intend to sell. In case you do not know, most manufacturers offer coupons at a very cheap rate on a one on one basis, compared to what you could possibly get elsewhere.
5. Invest in Coupons with High Value
Knowing how to invest your money is the key to making good money in any business endeavor. Studies has shown that if you invest small money in buying coupons, after selling it you’d most often get smaller profit margin, compared to when you invest good money buying and selling coupons.
For example, if you bought a coupon of 10 US Dollars for products that is worth 50 US Dollars and you ended up selling the coupon for 25 US Dollar, it means you would have been able to make extra 15 US Dollars from the deal.
On the other hand, with the same effort and time, if you bought a coupon of 100 US Dollars for a product worth 500 US Dollars and you ended up selling the coupon for 250 US Dollars, you would have succeeded in making extra 150 US Dollars. The good thing about each scenario is that it may take you 15 minutes or less to sell your coupon as long as it’s a good deal.
6. Know Where to Sell Coupons
Buying coupons is easy as was pointed earlier on, and selling it is as easy as buying it. You want to know why? It’s simple! Every buyer of a product would always look towards getting a good bargain and that’s exactly what coupons offer.
You can get prices for products that are too good to be true, and are irresistible, so much so that you might be tempted to purchase them whether in need of the products or not. Hence, the easiest place to sell your coupons is online; especially via platforms like eBay and Craigslist. You can as well sell your coupons through emailing / junk mailing and listing them in magazines, newspapers and on your websites.
There you have it! 6 simple steps that can get you to start making money in your spare time while buying and selling coupons. Be sure to look around you for opportunities to leverage on, if of certain, you want to be ahead of your competitors in this line of business. Also, take note that you must be abreast with happenings in the coupon business. This is so that you always stay at the top of your game always.