Selling refurbished cell phones is a highly profitable venture because of the current popularity and short market life spans of mobile telecommunication devices. Cell phones today are visible extensions of users personalities, and most people change or upgrade their devices every couple of years.
Market analysts have calculated that the average cell model has a market life cycle of about 9 months to 1 year before being replaced by an upgrade with its more features. Moreover, an increasing number of cell phone enthusiasts change their phones every 3 to 6 months in an effort to acquire the latest cell phone technology. Since new cell phones tend to cost hundreds of dollars, a flourishing trade exists in practically new refurbished cell phones.
Standard vs. Factory Refurbished Phones
Quality of stock is crucial to the success of any merchant. Selling faulty or shoddy goods, even inadvertently, will affect the dealers reputation in the market and will significantly harm sales. With refurbished phones, a vendor needs to take extra care to ensure proper quality. Refurbished cell phones tend to be of two types: standard refurbished and factory refurbished.
Factory refurbished devices refer to used cell phones that are sent back to the original manufacturer. Many cell phone companies buy phones that have minor defects such as scratches, missing buttons or cracked screens back from dealerships or customers. The company then reconditions these phones and replaces any broken parts. These phones are then sold as refurbished or reconditioned cell phones at a fraction of their original prices.
Factory refurbished devices are restored in compliance with the company’s own production standards and are inspected directly by the manufacturer’s own certified engineers. They also typically offer a 90-day warranty with certain companies offering a full 1-year manufacturer’s warranty.
Standard refurbished models are devices that are restored by companies other than the original manufacturer. Generally, the company will try to restore them as close to the original condition as possible, but standard refurbished devices often lack proper maintenance since the repair place may not be following the manufacturer guidelines for repairs and inspections. Moreover, warranties of standard refurbished models are usually much shorter or nonexistent.
Both types of refurbished devices tend to have reasonably similar prices, so it is recommended to buy a factory refurbished device whenever possible. If, on the other hand, you decide to buy standard refurbished devices, make sure to do your homework. Ensure that the refurbished phone is by a reputable company with a sound reputation and track record. Look for reviews from other customers and take note of any potential problems.
Choosing Your Supplier
Choosing a trustworthy low-cost supplier is essential to a vendors success. Cell phone trade shows are excellent arenas for canvassing potential suppliers. Many wireless carriers run special promotions at these conventions, and they are perfect for meeting suppliers in person. Advertising in trade publications is a good way of locating reliable suppliers. Another method would be to visit another independent cell phone vendor in a nearby locale and ask which wholesalers they use.
There are many online suppliers of refurbished cell phones. However, since many of these are frauds, it is recommended that you conduct extensive research before trusting one with a commission. Look at overseas suppliers, though it is recommended that you do not use free trade portals unless you know how to verify the data.
To conclude, people purchase refurbished cell phones because they are looking for a cost-effective way to indulge their desire for a new phone. Refurbished phones are also gaining popularity due to their eco-friendly nature. They are an excellent option for both cell phone dealers and customers.