Insider Secrets for Buying Good Quality Used Electronics

According to the International Data Corporation (IDC), the worldwide market for used smartphones is expected to grow to a market value of $65 billion in just two years. That equates to an astonishing 351.6 million used smartphones predicted to be shipped worldwide by 2024.

Clearly, the used electronics trade is a lucrative one and the global demand for quality used electronics is on a steady rise. That's great news, especially for mobile phone resellers. But here's the hard truth - while you can certainly profit from the rising demand and the great deals found on the used electronics market, you can, unfortunately, fall for scams.

Differentiating between a fraud and a profitable offer can be difficult, but we're here to help. Here are some insider secrets to buying good quality used electronics.

Be informed
One of the most important, but often overlooked steps, is having sufficient information. Many retailers fall prey to scams or suffer losses because they lack the right information. Simply put, if you're not sure of what model of used iPhone you should buy, or how the different storage spaces lead to varying profits, how can you strike a good deal?

So, what technical information should you look out for? Essentially, you need to know about all the prices of models you want, find out the specifications for each configuration, and make sure the devices listed match what you want to purchase. Also, you need to continuously update yourself with the latest trends and data. After all, prices for used electronics fluctuate on the market and newly released devices can significantly impact the used electronics market.

Here's the hard truth :  while you can certainly profit from the rising demand and the great deals found on the used electronics market, you can, unfortunately, fall for scams.

Check authenticity
Now that you have sufficient information, it's time for you to check if the used devices are authentic or not. This is important as you obviously would not want to purchase a counterfeit product. Purchasing a fake product will not only lose you money - more detrimentally, doing so may ruin your reputation as a retailer.

To avoid landing yourself in such a situation, look carefully at each and every provided picture of the device and ask the seller any questions you may have. It's also best if you purchase the device from a reputable online distributor. Such distributors are more trustable and tend to have safe and secure payment and delivery methods.

Furthermore, some online distributors have in place in-house processes that ensure the authenticity of their goods. At Ezewholesale, for example, every device undergoes a vigorous quality control inspection process to ensure they are all authentic, data-wiped, and individually bubble bagged with an IMEI/serial number.

If you'd like to verify the authenticity of the mobile devices that you have already purchased, here's a quick guide:
For a used Apple or iOS device:
- Go to the Settings > General > About
- Scroll down until you see a serial number
- Visit "https://checkcoverage.apple.com/" and key in the number from the step above
- If the product is authentic, the serial number should be on Apple's database

For a used Android device:
- Open your phone app
- Dial *#06# in your keypad
- The IMEI number of your current device as well as the serial number will pop out
- Go to "https://www.imei.info/" and key in the number from the step above to verify the authenticity of your device

Compare prices
As mentioned, the costs of electronic devices can fluctuate from time to time. It is therefore important to continuously compare prices if you want to score the most profits from the sales of your used phones.

Thankfully, this does not mean that you have to tiringly and manually check different devices' costs on different websites. Many reliable websites now offer simple and efficient ways to search for the cost of the used device you want.

For instance, you can compare prices based on real-time market data on Ezewholesale, Prices are color-coded for easy viewing and you can hover over the price of the phone to learn how many units of that specific device are available at the moment.

In addition, you can also shop by filtering the different types of model, storage size, or if it is locked or unlocked. At the same time, you can view devices by price range and lowest price. You can thus check for the average cost of an iPhone 12 Pro Max, for instance, followed by finding the lowest priced one for maximum profits. With the time saved from these useful tools, you could focus on other aspects of your business, such as how best to market your products.

Shop wholesale
As a type of business, wholesale offers prices that are significantly lower than retail prices. Products are also sold in bulk, often without the presence of a middleman. For retailers like yourself, this means that you can purchase used electronics at a lower cost and maximize your profits from selling to your consumers.

Alternatively, you can choose to sell your current used electronic devices on wholesale websites. As compared to trying to sell (or buy) your devices one at a time, it is significantly more efficient - cost-wise and time-wise - to do so in bulk.

Buying good quality used electronics can be easy
Can't wait to join others in the booming business of used electronics? Be sure to follow these insider secrets for buying good quality used electronics so as not to fall victim to retailers selling counterfeit phones at prices that are often too good to be true.

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Story credit: Eze Wholesale