If you’re looking to purchase and resell mobile phones, iPhones are a top choice! When it comes to the secondary mobile market, iPhones (and really all Apple products) retain their value. Consider this: at two years post-launch, used iPhone pricing is 67% higher than Android. This is due to a few reasons, the main ones being that 1) Apple has better brand loyalty and status, and 2) that the cost to repair an iPhone is typically lower. If you’re thinking about getting into the iPhone resale business or looking for a steady stream of inventory, here are some tips to think about as you embark:
Purchase directly from the source
With the high volume of iPhone trade-ins, many wireless networks, retailers, and trade-in companies are leveraging B2B sales channels – like the one B-Stock provides – to sell bulk quantities of iPhone devices directly to business buyers. By purchasing directly from the retailer, you can assume that 1) there is no liquidator involvement 2) there are no price markups and 3) that the retailer wants to move the inventory as quickly as possible.
B-Stock currently operates the world’s largest network of online marketplaces for customer-returned, excess or previously traded-in wireless inventory. These marketplaces provide buyers access to iPhone devices directly from top wireless retailers and trade-in companies; you are buying directly from them!
Ensure constant supply
It’s important to have enough iPhone inventory to satisfy the needs of your customers. Make sure marketplaces you are sourcing from have a continuous supply of the inventory you need to keep your customers happy. Check out the following marketplaces that offer bulk quantities of iPhones across all models (even the newest iterations) and conditions (Grade A to salvage).
- Mobile Carrier Liquidations
- Superior Wireless Auctions
- Select Mobile Auctions
- Clover Wireless
- GameStop Wholesale
- Early Upgrade Auctions
Purchase the right amount
Buying iPhones in bulk is the best way to ensure bigger margins. That said, make sure you are purchasing the right quantity of phones for your needs. It’s typical that larger lots of devices have a lower cost-per-item but you don’t want to purchase more than you can sell.
Your own online store in the form of a customized ecommerce platform can help you stand out from the crowd; keep in mind you’ll need to implement marketing campaigns to drive buyer traffic to your site.
Finally, there is huge demand in emerging countries for used smartphones. If you decide to sell overseas it’s best to offer large quantities (versus single units) to save time and money on shipping costs.
Whether this is a side business to make extra cash or a full-time entrepreneurial enterprise, buying and selling used iPhones can prove very profitable.
To check out all iPhone models and conditions available, visit our mobile marketplaces today!