Most businesses have a lingo. Reselling has a lingo that is filled with abbreviations.
Most of the abbreviations are acronyms. A common language including these abbreviations makes discussions, explanations and descriptions easier for the group.
Alphabetical List of Abbreviations:
ASP- average sale price
BNIB- brand new in box
BOGO- buy one get one
BOLO- be on the lookout for
BST- buy sell trade
COA- certificate of authenticity
COG- cost of goods
DS- dead Stock
EUC- excellent Used condition
FVF- final value fee
GUC- good used condition
OA- online arbitrage
OOAK- one of a kind
OSFA- one size fits all
MSRP- manufacturers suggested retail price
NIB- new in box
NIP- new in package
NWT- new with tag
NWOT- new with out tag
OA- online arbitrage
OBO- or best offer
PPC- pay per click
Q1- January 1- March 31
Q2- April 1- June 30
Q3- July 1- September 30
Q4- October 1- December 31
ROI- return on investment
SEO- search engine optimization
TOS- terms of service
TTS- true to size
UPC- universal product code
USPS- United States Postal Service
VGUC- very good used condition
VTG- vintage
WS- wholesale
YTD- year to date
