#refurbishedgoods

[ahmadaltahhan]

Week 9 Update – Growing, Learning, and Adjusting

I’m now in Week 9 of running my small business, Refined Finds, and things are starting to feel very real. This has been the most hands-on part of the project so far, and I’ve had a mix of wins and learning moments along the way.

✅ What’s Going Well: I’ve started getting more consistent with my listings on Facebook Marketplace and even had a few returning inquiries. Product presentation really makes a difference—better photos and honest, clear descriptions have led to faster responses and more trust from buyers. I’ve also finalized some packaging and added a little thank-you tag to help build a memorable customer experience.

❌ What I’m Still Working On: Managing inventory is becoming a challenge. It’s easy to get excited about sourcing products, but I’ve realized I need to be more selective. Some items take longer to sell than others, and space is tight, so I’m rethinking my strategy. I also haven’t fully launched my Instagram page yet—so that’s on my priority list this week.

💡 Big Lessons: Marketing takes more energy and planning than I thought. I’m learning that selling isn’t just about having a great product—it’s about how you present it, when you post, and how you follow up. I’ve also become more comfortable adjusting my pricing and experimenting with bundle offers.

🧠 Personal Growth: I’ve developed more confidence in my decision-making. I used to hesitate on small things like pricing or negotiating, but now I trust my instincts more. I’m also learning to take feedback constructively and adapt quickly.

[ahmadaltahhan]

Progress on My Start-Up Venture

Now that I’m halfway through this entrepreneurial journey, it’s a good time to reflect on where things stand with my refurbished goods business.

✅ What’s Working: I’ve had great success sourcing used items through Facebook Marketplace and local listings. I’ve been able to secure a few low-cost electronics and home gadgets that are in great condition. Cleaning them up and prepping them for resale has been both rewarding and surprisingly efficient. My pricing strategy is also hitting the mark—I’ve already made a few small sales!

❌ What’s Not Working: Time management has been a challenge. Balancing product sourcing, repairs, and marketing alongside coursework is tougher than I expected. I also realized that not all items resell as quickly as others, so I need to be more selective in what I buy. Some trial-and-error is part of the process, though.

📈 How the Project is Going: Overall, I feel optimistic. I’ve learned to adapt quickly, and I’m starting to build momentum. The next step is boosting my online listings with better photos and more engaging descriptions to attract buyers faster.

💡 What I’m Learning About Business: Running even a small business takes planning, patience, and problem-solving. Every sale involves logistics—communication, trust-building, and follow-through. It’s a lot of responsibility, but also incredibly empowering.

🧠 What I’m Learning About Myself: I’ve discovered that I’m more resourceful than I thought. I enjoy the hustle and creative decision-making, and I’m learning to manage setbacks without losing motivation.

Here’s to the second half of the journey!

[ahmadaltahhan]

Planning for Launch: My Business Operations Plan

As I prepare to bring my refurbished goods business to market in the final six weeks of this course, I’ve been focused on creating a realistic and efficient operations plan that sets me up for success.

🔧 Sourcing Products: My business model revolves around purchasing used electronics and small household items through online marketplaces like Facebook Marketplace, Kijiji, and local garage sales. I aim to source gently used items that can be cleaned, repaired, or upgraded at low cost and resold for a profit. I’ve already identified several reliable sellers within Ontario, and I’m confident I can begin sourcing within the first week of launch.

📦 Preparing for Sale: Each item will be inspected, cleaned, and if needed, minor repairs will be done using simple tools (screwdrivers, cleaning kits, basic electronic supplies). I’m also creating simple product tags and posting listings on platforms like Facebook Marketplace and potentially eBay for broader reach.

🕒 Timeline: I will begin product sourcing and refurbishment in Week 8, aiming to have inventory ready for sale by Week 10. This gives me four full weeks to test sales, adjust pricing, and fulfill orders.

📜 Licensing & Permits: As I’m operating on a very small scale and reselling personal-use goods, I don’t foresee the need for a business license for this temporary venture in Ontario. However, I will monitor legal guidelines to ensure compliance.

🎯 Launch Tools Needed:

$50 initial capital

Cleaning & repair supplies

Phone/camera for product photography

Access to online selling platforms

Basic inventory spreadsheet for tracking

[ahmadaltahhan]

Planning Ahead: Where I’d Look for Future Start-up Financing

Right now, I’m running my business with a $50 budget as part of this course project, but thinking long-term, I know I’d need a more serious financial strategy to grow beyond this micro phase. If I were to take my business forward — continuing to buy and sell used/refurbished goods — I’d strongly consider applying for a small business loan from a credit union.

In the BDC article, “4 factors that could affect financing your start-up,” they mention key things like your business idea, credit history, experience, and personal investment. Here's how I stack up:

🔹 Business Idea: My concept meets a real market need for affordable, reliable refurbished goods — and it supports sustainability. That gives me confidence in its long-term value.

🔹 Credit & Personal Investment: As a new entrepreneur, I’d need to build my credit profile and possibly raise a larger personal stake (beyond $50) to show commitment.

🔹 Experience: This course gives me hands-on experience running a small venture. If I keep going, I’ll be able to show growth, learning, and proof of concept — things lenders want to see.

In the future, I’d also explore grants for youth entrepreneurs and maybe even crowdfunding if I can build an online following. But for now, my focus is to make the most of this micro start-up and lay the foundation for what’s next.

[ahmadaltahhan]

Understanding My Competition in Ontario’s Refurbished Goods Market

As I dive into my entrepreneurial journey of buying and selling used/refurbished goods, I know that understanding the competition is key to standing out. So I’ve done some digging into three of the most prominent players in Ontario’s refurbished goods space — and here’s what I’ve found.

🛍️ Best Buy Canada (Refurbished Section) Best Buy isn’t just for new electronics — they also sell certified refurbished items on their website. It’s clean, easy to navigate, and packed with product reviews. Their big advantage? Trust. People already know and shop at Best Buy, so their refurbished offerings feel reliable. Their prices are competitive, though not always the lowest, and they’re really active on social media.

Strengths: Brand trust, warranty, quality control Weaknesses: Limited to electronics, not the cheapest

📱 Kijiji Canada Kijiji is like the go-to garage sale of the internet. It’s community-driven, and you can find just about anything. The website’s basic, but it works. People set their own prices, which can be awesome for deals — but it’s also a “buyer beware” kind of space with little quality control.

Strengths: Huge user base, flexible pricing Weaknesses: Risky purchases, inconsistent product quality

♻️ Back Market This one really surprised me! Back Market is an online platform solely for refurbished electronics. Their vibe is modern, sustainable, and super customer-focused. They offer warranties, great deals, and solid customer service. They’re still growing in Canada, so not everyone knows about them yet.

Strengths: Eco-conscious branding, solid quality assurance Weaknesses: Lower brand recognition in Ontario

🌟 My Takeaway All three businesses bring something different to the table. I’m planning to carve out my niche by offering reliable, hand-checked refurbished goods with great prices and personalized service. By building local trust, maybe even face-to-face, and staying active on social media, I can make my micro business feel personal and dependable — something these bigger platforms can’t always offer.