Business Opportunities

The current economic climate will spark some small businesses here and there as people become concerned about their regular employment and seek to find alternative income.
I sincerely believe that the trade on auction sites will be a growth area in the next year or so as people start to look around for opportunities. One such opportunity is the sale of goods purchased from wholesale auction sites, on the 'domestic' auction sites.
A small amount of research into what is available to buy in bulk, and the prices of such goods sold individually will quickly show where decent profits can be made. In working out the profit margin, one should ideally bear in mind the time spent completing each transaction and time and materials involved in packaging and dispatching the items. The difference between gross and net profit should be properly understood before embarking on such a course. It would also be advisable to start small-scale and work your way up, and allow yourself a budget for contingencies such as a job lot that does not sell as well as expected.