used cell phones

Best Place to Sell Used Smartphones for the Most Money

Best Place to Sell Used Smartphones for the Most Money

Consumer demand for used smartphones is growing, a word about their incredible value as compared to new devices is spreading, and the retail industry is being bolstered by a more knowledgeable and dependable wholesale business.

But where do you sell your used smartphones? We’ll take a look at a few of the more common choices.

You have your own website

There is no alternative for having your own ecommerce platform for the serious retailer. Even if there are costs associated with developing and maintaining the platform, such as purchasing a domain name, paying for web hosting, and technical support, the payoff is that you have full control of your operations.

Also Read: These are the Benefits of an eCommerce to Your Business

You could be doing a good business on Amazon or other marketplaces, and you will most likely need to continue doing so. However, with your own website, you can fully monitor your branding, begin to drive traffic to your online store through search engines, social media, and offline, and generally shape your company the way you want it. If you want to expand your company, you must have your own website.

Online Marketplace

Many used phone sellers start off by dipping their toes in the water on sites like eBay and Amazon. Since you can quickly switch from being a private seller flipping a few old gadgets you have lying around or that you’ve acquired from friends and family to setting up a merchant account and running things more like a proper company, eBay is particularly useful.

Also Read: How To Sell Smartphone Instantly on eBay?

You must be more on top of items like product descriptions, pricing, and order fulfillment options with Amazon, but you reap the benefits of Amazon’s massive marketing scope and online presence. Amazon is used by many operators who set up their own used phone ecommerce sites or physical stores.

Other alternatives, such as Facebook Marketplace and Google Shopping, are also becoming more common, and if you’re serious about running a good second-hand phone retail company, you’ll need to be present on at least a few of these platforms.

Best Place to Sell Used Smartphones for the Most Money

Sell your used smartphones to a trader

We’ll start with this one because it’s what you’ll find if you Google “sell used cell phones”: trade buyers who pay cash for phones. Large-scale second-hand gadget sellers as well as countless smaller online operators can be found by using comparison sites like Phone Arena.

These traders exist to benefit from private sellers looking for fast cash for a used phone; they pay rock-bottom rates and hope to make a quick buck by fixing the phones up and reselling them for a profit.

In conclusion

Choosing to sell used smartphones, regardless of the path to market you take, would prove profitable for everyone. The faster you get into this business, the better, as demand grows year after year as the cost of new devices rises.

Look no further if you’re looking for a used smartphone supplier; we offer a 100% satisfaction guarantee, so you can buy with confidence. On both the marginal and normal VAT schemes, we have a selection of devices from grade A to C.

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How Much Can You Make Selling Used Cell Phones?

How Much Can You Make Selling Used Cell Phones?

The size of any possible profit margin is a critical factor in any business venture. Also the most appealing markets, where sales volumes and profits tend to be high, will fail the profit margin test on occasion.

There are a variety of reasons why the demand for used cell phones has begun to eat into the growth of the new smartphone industry in recent years. The fact that used cell phones are so much cheaper, despite the fact that new handset RRPs have continued to rise, has prompted an increasing number of customers to search for better value in used mobile phones. As a result, more retailers have entered what is by all accounts a burgeoning industry.

Also, Read: Guide on How to know if a Phone is Fake or Original

However, an equally critical piece of the puzzle is the fact that selling used phones generate a higher profit margin than selling new phones. Vendors are fortunate to get margins of more than 3-5 percent on new cell phone sales due to high RRPs and strong control of the wholesale phones and retail markets by big-name manufacturers. Despite used phone retail prices being 65-75 percent lower than fresh, retailers can easily make margins of 10% or more due to the greater freedom and low wholesale prices of used phones.

How Much Can You Make Selling Used Cell Phones?

The right phone, with the right margin

In fact, putting a ballpark figure on margins across the entire used phone trade is somewhat misleading because there are so many variables at play. Even if we ignore a company’s running costs and focus solely on the smartphones, the amount of money you will earn from buying and selling a used phone can differ significantly depending on factors such as brand, model, features, case color, and the accessories you ship with it.

Also Read: Tips for Buying Used Wholesale iPhones

Used phone dealers, on average, will make a higher profit margin on higher-value, higher-spec handsets. Let’s say you purchase a mid-range smartphone in average condition for $70 and can resell it for $120. The 100 percent mark-up seems to be rather appealing. However, if you have to spend $25 on refurbishment, plus another $10 on publicity and running expenses, it’s not a good deal. Your gross profit is just $15, representing a 15% margin.

When you purchase a much higher-spec used phone in better condition for $350, you can sell it for $450. This time, the mark-up is just 66 percent. However, you only spend $10 on marketing and maintenance expenses per unit sold as a counterbalance. As a result, the gross profit is $90, a far stronger margin of 26%.

Buying and selling used cellphones

When you purchase devices from JNA Dealer, our trade team has decades of experience in the used phone industry and can advise you on competitive resale rates. On both the normal and marginal VAT schemes, we stock all devices from grade A pristine to C. For more details and a current inventory list, please contact us today.

You can shop with confidence knowing that your first order is covered by our 100 percent satisfaction guarantee, and all subsequent orders are protected by our industry-leading return policy.

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