Is Selling Refurbished phones a good business?
- Thread starter Hate2Wait
- Start date
Black market's locations are only know to the buyers and of course the sellers, it's hidden from the public.
The lucrativeness balance the risk, there are a lot of profits in this business, some people sell their phone not because it's faulty but they are just tired of it.
There are still many shopkeepers who tend to sell old phones that belonged to the mid 2000s era. However, people rarely buy those phones.
It is only in third tier countries that people buy second hand phones especially in Nigeria. It is profitable business but you must know where you are sourcing it. Sometimes, you may be buying stolen phone. Again, you may be having problem with buyers because they will always come to complain that the phone is not working properly.
Selling refurbished phones can be a good business if done properly. Benefits of selling refurbished phones include:
Selling refurbished phones can be a good business if done properly. Benefits of selling refurbished phones include:
- Lower cost compared to brand new devices
- Growing demand for more affordable and sustainable technology
- Potential for high profit margins if purchased and refurbished correctly.
Post automatically merged:
Selling refurbished phones can be a good business if done properly. Benefits of selling refurbished phones include:
- Lower cost compared to brand new devices
- Growing demand for more affordable and sustainable technology
- Potential for high profit margins if purchased and refurbished correctly.
I can see a market for second hand smart phones here. People love to use Apple or Samsung phones but some cannot afford to buy a brand new phone. They go for used phones. However, there are a of of cheap smart phones made in China. They are not reputable brands but are functioning well.
It is not a bad business if you ask me. The only thing is that you have to undertake quality assurance on the phones before you start selling them. That would make your business to get patronage.
Because there are many stores that sell refurbished phones, I believe it is a profitable business. I used to sell used iPhones, but I make sure they're still in good condition before I sell them. Furthermore, I do not sell any that are defective or have scratches. I decided to try this small online business for a while because I used to buy used phones when I couldn't afford to buy new. Fortunately, I did not have any issues with them.
Knowing how many people use eBay around Christmas time to buy a refurbished phone, myself being one of them who does this when my kids want a newer phone, it is definitely a very good business to get into for sure. So many people would rather buy a refurbished phone for a little cheaper than buy a brand-new phone outright. All phones I have ever bough refurbished have been just about as good as new and have lasted as long as and even longer than I would have expected.
People make huge profits from selling refurbished phones.
