In a tough economy, with unemployment rates rising, consumer spending dropping and profit margins shrinking more and more businesses are turning to new ways to create additional revenue. Where can a business turn to create additional profit? One answer is in a new industry, one that has developed and grown tremendously over the past few years even with the current economic conditions.
The industry I’m talking about is what’s called the secondary gift card industry. The secondary gift card industry was created by the tremendous growth of gift cards over the past couple years. Gift card sales in 2010 were reported to hit the 92 billion dollar mark. Also reported is that around 10% of all gift cards sold go unused. This leaves a market place of about 9-10 billion dollars that business’s can capitalize on.
How does your business tap into this 10 billion dollar market? The business model is simple, quick, effective and profitable.
On the most basic level the business model involves purchasing a product that every customer has, and reselling that product to a guaranteed re-buyer for a profit. The secondary gift card industry is a market place where people can recapture value in unwanted gift cards instead of just letting them go to waste. Consumers are now able to get cash for their gift cards or trade them for Amazon credit at places like GiftCardRescue.com. They also sell gift cards for a discount online. What this has created is an exciting opportunity for you to increase the profits of your store or business.
Where does your store come in? The answer is as a bulk supplier. The model works in the following way. You purchase unwanted gift cards from your customers at 50% of the value remaining on them, then re-sell them to GiftCardRescue.com for up to 90% of the value remaining. Earning yourself a nice profit for a simple and easy transaction.
How do you know how much money is remaining on the card? Easy. On the back of every gift card is a 1-800 number you can call to get the balance. You can also go online to check the balance for most gift cards. Determine the balance, offer 50% of it in cash, resell to GiftCardRescue for a profit.
We have a list of over 400 merchants that we currently are buying so you’ll never have to worry about where you can resell your inventory. We’ve been doing this for over 3 years and have suppliers earning huge amounts of profit each month. The Holidays are just around the corner, so this is the time to get started and let your market know that you are providing this service. If you have any questions or would like more information, feel free to contact out Bulk Seller department at 1877-800-4413.
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