Is Selling Refurbished phones a good business?

[Yugocean]

It depends on the market, but I will not buy such phones. Refurbished phones are just a type of new, but not really new, many such phone don't have real time activity, not even in photo or video, real time is important.

 

[Mikky]

Yeah maybe he will just station himself near where phones are sold msybr those thieves might come to sell the phone there.

Black market's locations are only know to the buyers and of course the sellers, it's hidden from the public.

This is a risky business, and it requires wit and luck. If you can verify the ownership of the phones, it would be very lucrative because you can buy low, and phones are always in demand.

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.

 

[flower]

It is a wonderful business that could give you huge profit in a short period of time.

 

[Passiveearner]

I saw many like to buy second-hand phones, what is important is, it is still functional and of fashion.

There are still many shopkeepers who tend to sell old phones that belonged to the mid 2000s era. However, people rarely buy those phones.

 

[Magnus2022]

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.

 

[Sanjeev]

I don't like to buy second hand things as there is no surety that it will work as good as brand-new things.

 

[Reedex]

Selling a refurbished phone is another way to make money and people in this business are really making huge sales.

 

[Elendu]

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.

However, it's important to ensure the refurbished devices are thoroughly tested and properly restored to meet quality standards. Building a trustworthy brand reputation is crucial to success in this market. It's also important to stay current with market trends and consumer demand to remain competitive.

Post automatically merged: Feb 5, 2023

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.

However, it's important to ensure the refurbished devices are thoroughly tested and properly restored to meet quality standards. Building a trustworthy brand reputation is crucial to success in this market. It's also important to stay current with market trends and consumer demand to remain competitive.

 

[cherry123]

Yes provided it is still worth the buy I don't mind having a refurbished phone

 

[IB D]

Refurbished phone sales are a profitable market with a growing demand for sustainable and budget-friendly options. Research shows high consumer satisfaction and a 20% increase in the industry over the past year.

 

[Bisolami]

Most people require smartphone for their work and for communication and these days we don't see any person that does not use a smartphone so I think selling Refurbished phones is a good business as many people like to buy cheap smartphones.

This is one of the most lucrative businesses Nigeria because a lot of us do not buy new phones anymore. We buy the refurbished phones

 

[Shavkat]

There is nothing wrong if we buy secondhand mobile phones or cheaper phones. When I was in my younger years, I used to be using swap phones that are available in the market before.

 

[eldavis]

The keyword here is cheap. As long as it is cheap, people would definitely want to buy it. Over here in my location there are places where you can find such phones and sell them.

 

[Springtime]

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.

 

[Starmix]

There are sellers here selling 2nd hand cellular phones but only few I see buying. They're afraid to waste their hard-earned money. What if it functions only for few days? They prefer to buy a brand new phone.

 

[Niyi Briggs]

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.

 

[freelancermaria]

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.

 

[Shortie]

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.

 

[uptrendfinancialsignal]

People make huge profits from selling refurbished phones.