Are you having a hard time making money in the electronics industry? If this is the case, it might be time to start finding cheaper cell phones. Fortunately, after reading this article, you shouldn’t be dealing with this problem any longer.
It might seem impossible to find cell phones at a low price. However, we have plenty of tips and resources to get you the phones you’re looking for. After you learn this information, buying and reselling cheap phones should become much easier.
Here’s what you’re going to learn by reading this article:
The advantages of buying and reselling cheap smartphones
What types of cheap cell phones you should avoid at all costs
Popular budget phones that won’t cost you a fortune
Where you can start finding inexpensive phones to resell
How to find the absolute lowest prices on smartphones
Why Should I Buy Cheap Smartphones?
If you’re trying to make money reselling phones, you might be hesitant to start buying the cheapest phones you can find. After all, wouldn’t these be difficult to resell? Not at all. In fact, many sellers love the bargains they can get on inexpensive smartphones.
It might seem like buying brand new smartphones is the best move. However, here’s more information about why it can be beneficial to buy cheap phones.
Not Spending a Lot of Money
One of the major advantages of buying cheap smartphones is obviously saving money. When you’re not spending upwards of $100, $500, or more than $1,000 on a smartphone, the savings for your business should start stacking up.
You can buy more smartphones and build up more inventory when you’re not spending a small fortune for each phone your company needs. When you’re not spending hundreds of dollars on like-new or brand-new smartphones, you can use more of your company’s income towards other aspects of your business.
Buying cheap smartphones allows you to offer a wide range of products to your customers. This is also great if you’re trying to attract people without a ton of money to spend on a new phone.
Potential to Refurbish
Another important benefit of buying cheap phones is potentially being able to refurbish them. Think of older smartphones as you would think of older homes. Most of the time, someone will get a team of professionals to refurbish their home before selling it. This allows the property’s owner to increase their home’s resale value.
You can also either refurbish cheap phones yourself or hire a professional repair person to help you out. Another term for this refurbishing method is known as phone flipping. If you can put the time and energy into flipping phones, it could become a great new way for your business to make even more money.
Slightly Older Phones Still Hold Up
I’m sure you can remember some of the older smartphones that were once quite popular. Whether you’re thinking about those old Nokia phones, the RAZR craze, or something similar, you know that the cell phone has come a long way from its beginnings.
In the past decade or so, smartphones have remained mostly the same. This news is great if you’re thinking about buying and reselling older smartphones. Since this is the case, you can still offer inexpensive smartphones that your customers want! After a few firmware updates, the older phones you purchase can work like new for your customers.
When to Avoid Cheap Cell Phones
Not every cheap phone is worth spending money on. If you come across certain types of “cheap” phones, avoid them at all costs. Here’s a closer look at a few types of smartphones you want to stay away from.
Stolen or Lost
As you might know, it can be incredibly easy to either lose your cell phone or have it stolen from you. If this happens to a phone’s current owner, they’re likely to get it locked.
For instance, let’s say that someone bought a smartphone from Verizon. A few months after this person bought their phone, they lose it. Considering the value of this device and the personal information it contains, this same person would want to contact their service provider to get their phone locked.
Someone might also lock their phone after it gets stolen. As you likely know, smartphones contain all sorts of sensitive and personal information. So, it would make sense to lock your smartphone after someone stole it.
Locked
We mentioned earlier that cell phone providers often lock a customer’s phone after it is reported as lost or stolen. But that’s not the only reason carriers lock phones. It’s also possible for a phone to get locked because its owner is behind on payments. If this person can pay back some or all of the money they owe on a smartphone, it will become an unlocked phone.
Since this person’s service provider doesn’t want to provide service to a non-paying customer, they’ll often shut the phone off. After this happens, the phone won’t be able to perform even the most basic smartphone functions (like calling or texting).
If a phone is locked, you won’t be able to get much value from it. Unless you have someone’s personal information, you’re not going to have an easy time getting these phones unlocked. So, it’s often best for resellers to stay away from locked phones.
Problems You Can’t Repair
Sometimes, phones get priced low because they need a lot of repairs. If you buy these phones without being able to repair them, it could be much harder than normal to find a buyer. Even certain electronics repair professionals will have a few things they’re unable to perform.
Before you buy any cheap phones that are broken, make sure you or your business partners can fix what is damaged. The last thing you want to have is a bunch of cheap phones that you can’t resell.
From an Unknown or Unreliable Business
You might also encounter cheap phones that look great. However, they’re from a company you don’t recognize. After you research this little-known company, you find a lot of bad press and customer reviews about them.
While it’s your choice what to purchase and what to avoid, it could be a good idea to stay away from companies with a lot of negative buzz surrounding them. If you decide to buy these phones, be prepared for them to be sitting on your shelves for a while (or forever).
You might also think about researching this company at a later date. Sometimes, electronics companies deal with problems that are short-lived.
What Phone Companies Are the Best?
Source: PC Mag
What’s great about the electronics industry is that there are many companies continually selling high-quality products. However, it’s understandable if you’re unsure about what company to buy electronics from. Don’t worry - we have all the info you need. Here are some of the most popular phone companies you’ll want to buy from.
Apple
Apple remains one of the most popular electronics companies in the world. Whether it’s their iPhone, iPad, MacBook, or another popular item it manufactures, almost everyone loves Apple. Many of this company’s customers are die-hard Apple fanatics. If a product has Apple’s signature logo on it, they want it.
If you’re entering into the wholesale electronics market, it’s definitely worth finding Apple’s electronics. Considering the popularity of this brand, be prepared to spend a little bit more than usual to get authentic Apple electronics. With that said, the popularity of this brand could make the time and money you spend well worth your efforts.
Since we’re talking about phones, Apple’s signature smartphone is the iPhone. It’s also one of the most popular smartphones in the resale market. If you can find Apple iPhones, it’s worth thinking about adding them to your company’s inventory.
Samsung
It’s also a good idea to get your hands on electronics from Samsung. This company often sits alongside Apple on many “best-selling” electronics lists. Samsung also manufactures about as many products as Apple does. Also, like Apple, one of Samsung’s most popular products remains its line of smartphones.
Samsung Galaxy smartphones are incredibly popular. Since they often cost less than iPhones, Samsung Galaxy phones are also extremely popular with budget-conscious consumers. It is definitely worthwhile to track down and purchase Samsung’s smartphones for your business.
You can also choose to take advantage of the popularity of both Apple and Samsung by offering phones from both of these companies. This is what many sellers do to ensure they have many items their customers might want.
Samsung and Apple lead the way regarding smartphone sales. But the two previously mentioned companies are far from the only players in the world of smartphones. Google has also made recent waves with its line of Pixel smartphones.
While they’re not as popular as iPhones or Samsung Galaxy smartphones, Google continues building a loyal following. Plus, as you’ll soon learn, many of Google’s smartphones are cheaper alternatives to those from Samsung and Apple.
If your company has the budget to buy a lot of phones, it could also be beneficial to purchase Google Pixel smartphones for your customers.
Cheap Doesn’t Always Mean Used: Low-Priced Newer Phones
At this point, it’s understandable to assume that buying cheap phones means getting used phones. However, that’s not always the case. Many smartphone companies have budget lines of products. Budget smartphones still have most of the functionality as their full-featured counterparts. If you want to offer brand new smartphones to your customers, consider adding the phones you’ll read about to your company’s line of products.
Samsung Galaxy A32
If you want to offer inexpensive and new phones to your customers, check out the Samsung Galaxy A32. These popular smartphones feature long-lasting batteries, a good amount of storage, and crystal clear displays. Best of all, they also retail for a little over $200. This price is much easier on the wallet or purse than spending over $1,000 for the latest iPhone.
With a 5,000 mAh battery, your customers can live their lives without worry about having a charger nearby. This smartphone also comes with 64GB of built-in storage. If you run out of room on your phone, the Samsung Galaxy A32 has room for up to 1TB of additional storage space. This device’s 6.5” screen also provides a stunning display that anyone would be pleased to view.
When you need a relatively inexpensive smartphone to offer your customers, the Samsung Galaxy A32 could be exactly what you’ve been waiting for.
iPhone SE
Even Apple is getting in on adding more budget-friendly smartphones to its inventory. With that in mind, Apple recently released the iPhone SE. This smartphone retails for $399, the lowest retail price you’ll find for any brand-new iPhone.
While this phone is in Apple’s budget line of smartphones, the iPhone SE has a lot of features usually meant for its top-of-the-line devices. One example of this is that the iPhone SE contains Apple’s A13 Bionic chip, capable of providing lots of processing power.
The iPhone SE also features a stunning 4.7” Retina HD display, the capability to take 4K videos, and several of Apple’s signature cameras. If you need a relatively low-cost way to get iPhones for your resale business, check out the iPhone SE.
Google Pixel 4a
Another great way to provide inexpensive phones to your customers is by reselling the Google Pixel 4a. This smartphone is currently the cheapest smartphone offered by Google. However, don’t let the low retail price of this phone fool you. The Google Pixel 4a comes with a lot of great features.
The Google Pixel 4a features a 12 MP dual-pixel rear camera. It also features a built-in adaptive battery that can last for up to 24 hours before needing a charge. This smartphone is also great for anyone who wants a secure device. The Google Pixel 4a comes with a Titan M security chip. This chip helps ensure that sensitive data like your passwords and other information remain protected.
With so many great features, it’s understandable to assume that this phone might cost $1,000 or $500 to own. Fortunately, the retail price of the Google Pixel 4a is much lower. If you buy this smartphone brand new, expect to pay about $349 for it.
Where Can I Find Cheap Phones Online?
Now, you need to know where you can find cheap cell phones for sale online. And we have plenty of great sources for you to check out. So, let’s not waste any time and get to where you need to go to find inexpensive smartphones online.
Trade-In Tech
If you need to find phones that people and companies want, all at low prices, check out Trade-In Tech. Since 2012, Trade-In Tech remains a fast-growing platform for both buyers and sellers in the electronics industry.
You won’t have to worry about paying retail prices on our platform. Instead, we let our competitive network of sellers set their own prices. Because of this, it’s easy to find many great deals on smartphones. You can get a closer look at what we’re currently offering by visiting our marketplace for electronics.
If you’re ever interested in expanding the types of electronics you offer, Trade-In Tech is the perfect place to be! We also have members who regularly buy and sell popular electronics, including tablets, computers, televisions, smartwatches, and much more!
Still not convinced that Trade-In Tech is where you need to be to find cheap phones? Here are a few more reasons why so many people love being members of Trade-In Tech.
ZERO Transaction Fees
Trade-In Tech works hard to make sure that it offers a lot of great perks to our members. With that in mind, we’re happy to let you know that we won’t charge you transaction fees. Whether you’re buying one item or 1,000 items, you won’t pay transaction fees on our platform.
By not having to worry about transaction fees, you get to spend more of your company’s hard-earned money on other aspects of your business. You can also take the money you’d be spending on transaction fees and save it for other purposes.
Exclusive Members-Only Lead Lists
In the business world, there’s almost nothing quite as important as having leads. But they’re not going to start falling from the sky. For many companies, it takes a lot of time and hard work to build up a lead list. You can have a much easier time gaining a valuable list of leads by joining Trade-In Tech.
When you join our platform, we give each of our members a list of leads. With over 75 guaranteed leads coming your way each month, it’s incredibly valuable to be a Trade-In Tech member. These lead lists can help your business start growing in record time.
Some companies might charge you hundreds of dollars each month for access to lead lists. If you become a Trade-In Tech member, it’s part of your membership at no extra cost!
Having a Platform to Resell Your Phones
It’s good to have platforms available to find phones on. However, it’s also important to consider where you’re going to sell the phones you purchase. If you’re a member of Trade-In Tech, you won’t have to go far to achieve this goal. That’s because we allow our members to both buy and sell electronics on our platform.
There’s no need for you to have two separate accounts or usernames, you can do everything just by having one Trade-In Tech account.
Selling your phones on Trade-In Tech is easy! Once your account is set up, you’ll simply head over to the Trade-In Tech marketplace and list what you want to sell. Who knows? You could find that there are buyers for your cheap smartphones right away.
Expanding the Reach of Your Company With a Member’s Page
What’s also good to have when you’re trying to resell smartphones is having a way to let others know about your business. Unfortunately, some companies have to spend time setting up websites and doing other things before anyone knows that their company exists.
On Trade-In Tech, after you create a member’s page, you’re instantly in front of a much larger audience. It gets better. This audience is also made of many people and companies that need more inventory. So, they could be eager to start striking up a conversation with you from your member’s page.
You can also use your member’s page to create and post updates about your company. Think of Trade-In Tech as a social media platform for people and businesses in the electronics industry. It’s also possible to start connecting with other members and receiving updates when something gets added to their respective members’ pages.
Around the Clock Support
A part of life is occasionally running into issues. When you do, it’s always good to have someone there to help you. In the rare event that you experience a technical issue on Trade-In Tech, we have a support team that’s available 24/7 to assist you. These technical professionals will help make sure that you’re always enjoying a great experience while using Trade-In Tech.
Refer Members to Trade-In Tech - Get Paid
What’s also great about being a Trade-In Tech member is that it could help you earn even more money than what’s already coming in. This is because of Trade-In Tech’s referral program. The process behind our referral program is incredibly simple. Here’s how you can earn money through our program:
1. You mention Trade-In Tech to other people.
2. If they become a member of our platform, you get paid!
Pretty simple, right? It gets better. We also offer unlimited referrals. It doesn’t matter whether you refer one or 1,000 new members to our platform - you’ll get your referral payment every time.
We Can Help Market Your Company
Lastly, we also want to mention that Trade-In Tech is a valuable partner to have if you need help marketing your company. Many businesses, especially new ones, are struggling with how to effectively market themselves. If you become one of Trade-In Tech’s featured members, you won’t have to worry about this problem.
Featured Trade-In Tech members gain our help in marketing their companies. For one, you can find Trade-In Tech’s featured members on our front page. Considering our popularity, this means that lots of people get to view and learn more about these featured companies each month.
We also regularly include our featured members in blog posts. These posts give our readers an in-depth look at your business. While we write these long-form articles ourselves, we’d be more than happy to include anything you’d like us to mention about your company.
Yet another feature of becoming a featured member is that your business gains special placement on our login page. As you can see, there are many beneficial reasons to become one of Trade-In Tech’s featured members.
eBay
If you’re looking for bargain prices on smartphones, it could also be worthwhile to hit up eBay. This popular auction website has about everything you can think of. And, you can also find a lot of smartphones on this platform.
An advantage of using eBay is that people can sell just about anything by using this website, including all sorts of cell phones. Some of these cell phones can be available for purchase at very low prices. Instead of directly buying these phones, you can also utilize this website’s auction format to make a bid on items.
While eBay can be a decent platform, there are disadvantages associated with eBay. Unlike Trade-In Tech, there’s no major verification process to join this company’s website. For this reason, it’s possible to deal with your fair share of scammers while buying phones on eBay. Fortunately, you can use this website’s rating system to help ensure you’re dealing with someone legit.
Another disadvantage associated with eBay is that it’s known for sellers to sometimes list counterfeit items on this website. So, make sure you’re researching anything you come across on eBay.
Seeing What’s Available Locally
Last but not least, you might find the phones you’re looking for by checking out local sources. As you’ll soon find out, there are many potential ways to find deals on cell phones.
One way to achieve this goal is by using apps like Letgo to see what other people around you are selling. You might also think about using Craigslist, one of the most popular websites for people to buy and sell things locally.
When you’re choosing this route to buy cheap phones, it’s wise to make sure you’re meeting someone in a public place. If you’re remotely worried about meeting someone, don’t. It’s always better to be safe than sorry when using local buy and sell services.
How Do I Get the Lowest Prices on Cell Phones?
Now that you have websites to check out for phones, it’s time to learn how to get the lowest prices on these items. The tips you’ll find below could end up saving your company a LOT of money in the long run. When it’s time to find the lowest prices on smartphones, remember the tips you’re about to read.
Compare Prices
One of the best strategies to get low prices on phones is by comparing prices. Every seller (or at least most of them) will list prices on their websites or e-commerce store pages. Wherever you find them, take note of the prices for phones that interest you. While you’re at it, visit other sellers and see how much they’re selling phones for.
By comparing prices, you can always make sure you never leave a great deal on the table. You’ll also avoid paying too much money for phones, otherwise known as overspending. Plus, comparing prices helps you get better at realizing how much phones are worth. The more you comparison shop, the better you become and spotting amazing deals.
Make Repeat Purchases from a Seller
There’s almost nothing in life as good as finding someone loyal to work with. It’s certainly something that sellers are looking for. If you want to get extremely low prices on phones, consider building up some loyalty with a seller. Of course, this strategy will take time to complete. However, it can be a great way to start getting loyalty discounts.
Buy in Wholesale Quantities
You’ll often hear about a lot of people working as wholesalers in the electronics industry. Being an electronics wholesaler certainly does have some perks. One of these perks tends to be getting deals on electronics due to how many devices they purchase at once.
Many sellers love being able to move large quantities of merchandise at once. When these people work with wholesalers, they can get many electronics out of their warehouses and start making money.
If you’re looking specifically for deals on phones, ask about a seller’s wholesale deals. It’s not a guarantee that every seller will make a deal with you. However, getting a deal for buying in bulk can be a smart business move.
Timing is Everything
Another thing to keep in mind when you’re buying smartphones is timing. This is because many smartphone manufacturers release new phones throughout the year. If not, then they’ll release new products every few years.
If you’re aware of when older models will be discontinued, or when newer models are about to be released, you can become a smart shopper that knows when to get deals. An example of this occurs almost every year when Apple releases a new iPhone. Since many retailers want to have lots of shelf space available for newer iPhones, they’ll price the older models lower to make room.
It takes a little extra time, but shopping around for phones to buy could mean getting new smartphones for used smartphone prices.
To wrap things up, it’s completely possible to find cheap phones for sale online. When you do find inexpensive cell phones that your customers want, it could be a big step towards running a profitable electronics business. If you’d like more information about making money reselling electronics, visit the Trade-In Tech blog.