If you’ve ever thought about buying and selling used iPhones for profit, there’s never been a better time to start. Given the anticipated 30 percent growth of the smartphone industry over the next few years and subsequent demand for secondhand devices – iPhones especially – there is huge potential to cash in. With a little secondary market know-how including: where to find used product, where to sell it and what pitfalls to look out for, you can be on your way to running a profitable business.
First Locate Reliable Sources
Knowing how to navigate the used iPhone market to successfully sift through the bad and the ugly to get to the good is extremely important. Here are some best practices when it comes to sourcing inventory:

Tip 1 :  Purchase directly from the source
Many wireless retailers or buyback companies have their own business-to-business marketplaces where they sell bulk quantities of iPhones directly to buyers via a transparent online auction platform. By purchasing directly from the retailer, you can assume that:

-  There is no liquidator/middleman involvement
-  There are no price mark ups
-  The retailer wants to move the inventory as quickly as possible
Use These Qualified Supplier Sources
  • B-Stock Wireless offers customer returned and excess inventory including bluetooth devices, iPhone cases, and other iPhone accessories in varying quantities and conditions.
  • The B-Stock Sourcing Network is a great resource for customer-returned and excess mobile inventory including iPhones, iPhone cases and other accessories. This network of B2B marketplaces gives buyers direct access to merchandise being sold by major retailers and manufacturers including large wireless carriers, leading cell phone buyback companies and electronics recycling companies.
Next Ensure Constant Supply
It’s important to have enough product to satisfy the needs of your customers. Make sure that the marketplace you are sourcing inventory from has a continuous supply of iPhones and the iPhone accessories you need. Tip: By purchasing directly from the retailer or manufacturer – especially one that operates in the wireless space and/or sells the product – you are guaranteed a constant supply to keep your customers happy.
Choose a Reliable Marketplace Platform
Know exactly what you are buying and whom you are buying from. A credible auction marketplace will provide thorough product descriptions, images, accurate condition codes, real-time bidding updates and a direct line between buyer and seller.
Purchase Optimal Quantities
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.
Start Selling your iPhone
Once your iPhone inventory has been secured (whether you have one device to test the waters or 100) it's time to sell them for a profit. There are many places you can sell used smartphones, but your best bets for selling at profitable prices are:

Online marketplaces: this includes Amazon, eBay or Craigslist. If you are reselling in a potentially crowded marketplace, take a close look at what the competition is selling and how much buyer demand exists for used iPhones.

Overseas: there is huge demand in emerging countries for used iPhones. If you’re selling overseas, it’s best to offer bulk quantities (versus single units) to save time and shipping costs.

Your own online store: a customized ecommerce platform can help you stand out from the crowd and offers credibility. Keep in mind you’ll need to implement marketing campaigns to drive buyer traffic to your site and have a constant supply of product available.
Questions? Whether a side business to make extra cash or an all-entreprenuerial enterprise, buying and selling iPhones can prove very profitable. For more information or any questions please visit bstocksolutions.com or email melissa@bstocksolutions.com. Happy sourcing and selling!
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