Buying electronics in bulk has been one of the most popular options used by large and small scale retailers. However, when you see wholesale phones for sale, is your first response to make a bid or do you pass over? This article will explore if it is worth buying electronics in bulk and how you should go about it.
What is bulk electronic purchase?
Wholesale purchases happen when you buy something through a wholesaler or liquidation auction. These items come straight from the supplier and do not include the markup common when you buy from retail outlets.
So electronic wholesale purchase means buying electronic devices in large quantities from a wholesale supplier. For instance, a random google search for "wholesale phones near me" will turn up a lot of phone wholesalers in your area. Most of these wholesalers only accept bulk orders, so you must buy several units in tens and hundreds for them to attend to you.
For large retailers, buying wholesale phones, tablets, and other electronics is a no-brainer. They get more margin on each sale and spend less time making and processing purchases. However, there are many benefits for small and medium retailers who purchase electronics in bulk.
Here are some of the key benefits of purchasing electronics in bulk.
1. Great Customer Service
Wholesalers generally want repeat buyers. Having stores and retailers they supply them to helps wholesalers to sell their inventory quickly and order more products from the manufacturer. The quick movement of goods is critical in the electronic sales industry. For instance, the smartphones of 2022 will become outdated in only a few months. If they hold on to these phones for too long, they may not be able to sell them.
Wholesalers pay attention to your needs and preferences to ensure you become a repeat customer. Some even cater to customized orders to deliver ultimate customer satisfaction. Furthermore, their proximity to the manufacturer makes them a great source of information on the electronics you wish to buy.
2. Quality Assurance
The biggest problem with trading electronics is quality. The best way to solve this issue is to buy from the manufacturer directly. However, that is only possible for some large retailers since the manufacturers only process wholesale requests for thousands of units.
The next best approach is to use an electronic wholesaler. These wholesalers buy directly from the manufacturer. They have the capital, storage facility and other resources needed to purchase thousands of units from the manufacturer. You can then approach these wholesalers to sell you a small bulk of the electronics.
3. Mutual Support
Unlike shops and other retail outlets directly competing with you, a wholesaler is not in any way competing with you since they cannot sell directly to final consumers. Furthermore, the wholesaler will be able to sell more electronics to you when you can sell your previous stock.
This system creates a mutual interdependence in which you rely on the wholesaler for your supply while the wholesaler relies on you to move their goods. As such, you can expect regular support to help you sell your goods and make more profits. For instance, it is common for wholesalers to offer discounts on massive bulk purchases.
They might even provide dedicated customer support to help you handle issues.
4. Easy Repairs
Every once in a while, your customers will complain about the quality of your electronic products. While this is common with smartphones, 2022 was a year with few complaints. However, complaints do occur, and you typically have to assist your customer in getting repairs if the defect occurs within the warranty period.
Buying from an electronic wholesaler allows you to prove genuine ownership while getting a prompt response from the manufacturer. This case applies to smartphones, smartwatches and laptops. However, buying from a retailer and selling to another customer can make things tedious, slow the repair process, or even make it impossible.
5. Easy Ordering System
If you use an online platform like www.tradeintech.com/, you can order bulk smartphones conveniently. All you have to do is stay in your comfort zone, sign up on the platform and make your order. We added a section to help you get started.
An online shopping system also allows you to sample multiple suppliers at once. You can check their track record and gauge how they respond to your queries. So if your first experience could be more favorable, feel free to switch suppliers without penalty.
Platforms like Trade-In-Tech feature hundreds and thousands of wholesalers and distributors depending on the type of electronics you want. So you have plenty of wholesale phones for sale to choose from and never need to be stuck with the wrong supplier.
6. Fast Delivery
Although the world is yet to solve instant delivery, fast delivery has become a thing in our age. You can order an item in bulk and get it delivered reasonably. Of course, speedy delivery depends on the goods' nature and the supplier's location. That said, shipping bulk items at once is easier than shipping units individually.
Why is that? The margin on each unit might not cover the shipping cost. Whereas shipping multiple items at once can translate to lower shipping costs.
These lower shipping costs benefit you as much as it benefits the supplier. You can also transfer these savings to your customers by lowering your prices. This point leads to our next point.
7. Faster Sales
One of the things customers consider when shopping for the best smartphones 2022 has given us is pricing. They want the best phones at incredible prices. Since you have to make a profit and the price from the manufacturer is fixed, reducing overhead costs is the only way to offer your phones for lower prices. One such cost is shipping prices.
You can consolidate your goods into one shipping package when you order electronics in bulk (including the smartphones we mentioned earlier). First, you save money since you will spend less than you would if you shipped the goods individually.
Furthermore, you have the latest goods in stock when they are in high demand. Imagine losing out on sales seasons because you only bought a few units. That is not a good look for any store.
Lastly, since you always have an abundant stock of in-demand products, customers naturally gravitate towards your online store when they need other products. This influx of customers will make you order more products, creating a loop that translates to faster sales and more profit.
8. High Quality Parts
When we think of electronics, we often think of actual gadgets such as smartphones, tablets, smartwatches and laptops. However, electronics go beyond those items. It also includes accessories such as charging docks and Bluetooth devices. While some might come directly from the manufacturers, others are typically produced by third parties.
A reputable wholesale supplier will have reliable information on the best manufacturers and the ones to avoid. This information will help you ascertain which wholesale electronics are of the highest quality.
Even if you buy from established manufacturers, the more the products change hands, the more likely tampering will occur. As such, dealing directly with a wholesaler reduces the points of contact before the product gets to you and, ultimately, the final consumer.
9. Price Savings
We mention this briefly, but it deserves a point of its own. There are two ways to save on pricing without sacrificing quality. These are buying your goods in bulk and buying them straight from the manufacturer. Buying wholesale electronics allows you to do both!
An excellent wholesale distributor will offer great deals on various electronic items when you order in bulk. These wholesalers take the savings they get from the manufacturer and transfer them to their customers (retailers).
So when you purchase from a wholesale electronics distributor, you will get cost savings as if you were buying straight from the manufacturer.
10. Great Payment Terms
Selling electronics requires a lot of capital, especially when you want to stock various items in your store. With wholesale electronics, you can get the goods at lower prices.
In addition to that, some wholesalers also offer flexible payment terms. You will sometimes have to establish a trading relationship for this to happen. But when you develop this working relationship, the benefits are enormous.
Unlike basic retailers that request significant down payments and steep interest rates, wholesalers familiar with you can allow you a great deal of credit. This credit line allows you to avoid hefty upfront charges and focus on stocking your store with in-demand electronics.
What are the things to consider when buying wholesale electronics?
We have established that there are many great benefits to buying electronics wholesale. So if you are looking to stock smartphones for 2022 or 2023, you should be looking for whole smartphones for sale. But before you giddily type in "wholesale phone near me" into your google search bar, there are some things you need to put in place.
Here are the top factors to consider when buying wholesale electronics
Define your needs
What exactly do you need to buy, and how much are you willing to spend? This point might seem trivial, but we have seen cases where retailers lose big because of this reason.
As we said earlier, wholesalers always look for ways to sell their warehoused electronics. In most cases, they offer huge discounts when customers place large orders. While these discounts might seem like the best move, they can bankrupt you if you do it incorrectly.
So you should have a budget that includes a soft and hard cap. A soft cap is what you expect to spend on your wholesale electronics. The hard cap is the highest you can spend on any purchase. So even if you find a mighty discounted package that goes beyond your budget's hard cap, you give it a hard pass.
Ask yourself two questions if the discounted bundle is above your soft budget and within your hard cap. First, does it fall within your scope of business? And secondly, can you regain your capital and profit within a reasonable time? If you can't say a solid yes, pass on the deal and focus on the quality and type of electronics you want to purchase.
This approach will save you from unnecessary stress and preserve your capital.
Make bold offers
Negotiating is a must in dealing with wholesalers. Here is why.
There are two kinds of wholesalers. They are the ones that have fixed prices on their goods and others that allow a little room for negotiation. You will never know which type you are dealing with if you are scared of bargaining prices.
During negotiations, be upfront with the number of electronics you need and how much business they can expect from you in future. Blurring those factors might get you a better deal but would severely hurt your prospects.
Prepare for delivery
After you have sorted out the quantity, discounts and prices, and your electronics are on their way, you need to organize your storage space. Ideally, you have a place to store your goods. It doesn't hurt to check your storage room one more time to ensure it is all cleaned out and organized.
Look out for old items that need to go before the new electronics arrive. That might provide the basis for discounted sales and warehouse clearance sales.
How to buy in bulk for wholesale
As promised, here is a step-by-step guide on how to buy bulk electronics wholesale
Step 1: Log into your www.tradeintech.com/account. If you don't have one, what are you waiting for? Thousands of wholesalers are waiting to offer you wholesale electronics at discounted offers. Sign up now!
Step 2: Choose a wholesaler. Surf through the Trade-in-Tech marketplace and choose a wholesaler offering your items.
Step 3: Place an order for bulk electronics. Make sure your order is equal to or above the minimum order quantity. If you want to order less, you can ask the wholesaler for a sample. Alternatively, you can find a way to contact the wholesaler to ask for a smaller bulk.
Step 4: Take delivery of your goods. Ideally, you already have your storage room organized for the package.
What Are The Best Types of Electronics to Buy in Bulk
There are many options to choose from when it comes to wholesale electronics. However, some are easier to handle than the rest. For instance, televisions can offer a significant margin, but they are bulky to handle, especially in bulk, and they don't sell as well as other electronics.
Here are the top electronics to consider for wholesale purchases.
- Smartphones: Smartphones are the rave of the moment. They are little computers that we use for daily activities ranging from having fun over the internet to productivity tasks. They have become so ubiquitous that remembering a time without smartphones is hard, if not impossible. There are plenty of brands to watch out for, but the top three brands in high demand are Apple, Samsung, and Google smartphones
- Tablets: tablets are like the middle ground between laptops and smartphones. They retain smartphone functions and provide a large screen for productivity tasks and endless fun. Tablets are in high demand, too, although their demand is low compared to smartphones. Still, they offer significant profit margins. The top brands here are Apple, Microsoft, Lenovo and Samsung.
- Laptops: Laptops are the most popular type of computer and are used by everyone for everything. They are even more popular than smartphones. The best part is that they don't go out of fashion as often as smartphones do. So they are a great option to stock for more extended periods. Just make sure you get the specs that are in high demand. The top brands are the MacBook, HP, Dell, and Alienware.
- Smartwatches: We live in a world where we check the time on our phones and make calls with our watches. While that was tongue-in-cheek, it describes our world today. Smartwatches do everything from tracking our health to improving productivity. It is an excellent choice for wholesale electronics. The top brands here are Samsung, Apple, Fitbit and Garmin.
- Earbuds and Headphones: Earbuds enliven our parties and help us live the hands-free experience. Everyone has at least one pair of earbuds and headphones. Some have multiple pairs, and they keep buying more. Top brands like Apple, Beats and Samsung have dominated the audiophile universe. You can also check out each technology, such as bone conduction headphones.
Is It Worth Buying Electronics in Bulk?
Yes. Buying electronics in bulk offers many benefits, such as fast delivery, quality assurance and cost savings. Finding the right wholesale distributor willing to provide all these great benefits is vital. Thankfully, you can find these fantastic distributors on Trade-In-Tech. The platform features a collection of wholesalers who offer high-quality electronics in bulk.
Sign up today to get the best electronics at the best deals. If you need help or have questions, feel free to email us. We are always eager to help.