Laws on reselling products
If you want to start a reselling business, it is important that you familiarize yourself with the laws around reselling. While laws often vary from country to country, the basic rules about reselling are similar.
Beware to always check the laws of the country you are operating in and consult with a lawyer to make sure you have covered all your bases when starting a business.
If you’re still considering which products you could resell, take a look at our list of examples
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Is buying and reselling legal?
In general, it’s not illegal to sell legitimately purchased items. However, if you are looking to resell items on a business scale, you should always make an agreement with the manufacturer or another official distributor and become an official reseller.
If you’re not an official reseller, you’re not allowed to use the manufacturer’s logo for advertising, and your customers cannot receive a warranty on the product. As a reselling business, you also have to pay income tax on the items you sell.
Find out more about how to become a reseller and which permits you need
Collect and pay taxes properly
When you resell as a business, it is important that you abide by the tax laws of your country. When selling to consumers, you need to collect a specific percentage of sales tax and pay income taxes on your earnings.
Depending on the platform, there are different tools and online guides to help you with the taxes. So make sure that you find the right way for you to handle your taxes and make sure you don’t open yourself up to lawsuits.
Choose the right brands to resell
Some brands make it harder than others to resell their products. For instance, Nike requires everybody interested in selling their items to go through an application process and become an authorized reseller.
By picking less known or up-and-coming brands, you can avoid lengthy application processes and start your reselling business more quickly while still benefitting from the pull-effect of the brand.
Resell frient smart home devices
When you have done the research on the laws of reselling for your country and are ready to get started looking for some smart home products to sell, take a look at the frient product line.
frient offers high-quality Zigbee-based smart home devices. Designed in Denmark, the frients are mature, reliable, and high-quality products. All sensors are Zigbee-certified and based on more than 10 years of experience in developing IoT devices.
The frients are easy to install and require little maintenance – so they won’t create trouble, i.e. customer complaints, for your reselling business.
