The basic business model states that for an owner to make money, they must provide a product or service at a higher fee than their costs. Looking at it from a different perspective, if you are selling products, you are buying items at a reduced cost and reselling them at a higher price.

Many business owners buy small amounts or one-of-a-kind items to resell to their customers. But there is a whole other kind of product buying and selling going on - one that can net a significantly larger profit: buying bulk from closeouts, inventory sales or liquidators.

This type of buy-sell relationship is usually termed bulk reselling, and it's what we'll focus on for the next parts in this series. From finding wholesalers to storing the "stuff", to selling it and recouping your expenses, we'll get into the nitty gritty that is bulk reselling using the Internet as a vehicle.

Jim Staley is the CEO of WholesaleGopher (www.wholesalegopher.com/), the leading online source for wholesaling, closeout and liquidation sources.

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