Definitions
- Referring to the act of selling products that were previously purchased from a supplier or manufacturer. - Talking about reselling goods at a higher price than the original purchase price. - Describing the process of buying and selling products for profit.
- Referring to the sale of goods to individual customers for personal use. - Talking about the process of selling products directly to consumers through physical stores or online platforms. - Describing the business of selling goods to end-users at a marked-up price.
List of Similarities
- 1Both involve the sale of goods to customers.
- 2Both can be used to make a profit.
- 3Both require a markup on the original purchase price.
- 4Both can be done through physical stores or online platforms.
- 5Both involve the exchange of money for goods.
What is the difference?
- 1Scope: Revender refers to the act of reselling goods that were previously purchased, while retail involves the sale of new products to individual customers.
- 2Purpose: Revender is focused on making a profit by reselling goods at a higher price, while retail is focused on meeting the needs and wants of individual customers.
- 3Source: Revender typically involves purchasing goods from a supplier or manufacturer, while retail can involve purchasing goods from various sources.
- 4Scale: Revender can be done on a small or large scale, while retail is typically associated with larger businesses and chains.
- 5Connotation: Revender can have a negative connotation of profiting off of others' work, while retail is generally seen as a legitimate business practice.
Remember this!
Revender and retail are both related to the sale of goods to customers, but they differ in their scope, purpose, source, scale, and connotation. Revender involves reselling goods that were previously purchased, often at a higher price, while retail involves the sale of new products to individual customers through physical stores or online platforms. While revender can be done on a small or large scale, retail is typically associated with larger businesses and chains and has a more positive connotation.
