When Steve Jobs introduced the iPhone in 2007, it ushered in a brand-new era for consumer electronics. While it's certainly not the only smartphone on the market, the Apple iPhone was one of the first to be widely adopted by the masses.
Since its launch, Apple has continued to release new models annually. Each iteration adds new features and capabilities, making the iPhone an incredibly hot commodity all year round.
With Apple's yearly release cycle, the secondary market is ripe for opportunity. Resellers can purchase used models, recondition them, and cater to an ever-growing market of customers looking to get their hands on an iPhone.
Considering the value and popularity of these electronics, you might be wondering if it’s time to start buying and selling iPhones. To provide you with a helping hand, we’re going to explain:
Beneficial reasons to buy iPhones in bulk
Types of iPhones you can purchase
Where to find iPhones for sale in bulk quantities
Average costs of buying iPhones
Tips to help you purchase iPhones
How to jumpstart your iPhone sales
and much more!
Why Should I Buy iPhones in Bulk?
Before you get started buying iPhones, it’s understandable to need some convincing. After all, entering into a new kind of business can seem more than a little daunting. However, buying iPhones in bulk isn’t as nerve-wracking as you might think. Buying and selling iPhones becomes much easier after learning a few tips. With that in mind, it’s important to learn about the benefits of buying iPhones in bulk.
Quickly Supplying Your Business With Inventory
One of the most important concerns for any business is having inventory. Without any inventory, it’s impossible to start selling electronics to your customers. With no customers, there’s no way to start or see your new company grow!
Fortunately, buying in bulk can solve this problem in only one or a few transactions. Instead of spending hours or days ordering single items, you can stock up on iPhones much faster by purchasing them in bulk. This means spending less time browsing listings and more time focusing on other aspects of your business.
Plus, after buying iPhones in bulk, you’ll likely have more than enough inventory for your customers.
Competing With Large Companies
If you’re starting a new business, you’ll have to be aware of larger competitors. This can lead to certain companies trying to compete with many larger companies. However, you can minimize the stress of dealing with larger competitors by buying in bulk.
With bulk purchases, you’ll almost instantly avoid much of the problems that new companies have when entering into new industries. By having lots of iPhones right after your business starts, it also creates a great impression of your company to its target audience.
Not Having Unhappy Customers
Every business needs to have happy customers. For your business to remain successful, you’ll want to avoid issues that make customers unhappy. One of the main things that cause customer unhappiness is when these people aren’t able to get their orders promptly.
If you buy small quantities of electronics, it’s easy to often run out of inventory. This situation often leads to you scrambling to message or email your customers, letting them know about any shortage issues taking place.
Understandably, it’s almost impossible for most companies to avoid the occasional out-of-stock issue. But, customers might begin to lose faith in your business if everything’s always out-of-stock. After all, you would likely get frustrated trying to purchase iPhones from a supplier that never has anything for you.
When you buy lots of items, you’ll have an easier time ensuring that your shelves (whether they’re digital or physical) remain stocked. This leads to fewer out-of-stock issues and more happy customers getting the items they want.
Getting Deals for Buying in Bulk
Another beneficial reason to buy iPhones in bulk is to save money. Whether you’re a new or experienced business owner, you likely know the importance of keeping costs as low as possible. If you’re spending a lot of money on overhead costs, it leaves little to no room for any profit.
What’s great about making bulk purchases is that you’re often getting a lower per-unit price. A per-unit price is how much money a single item costs.
Let’s say that you have $3,000 set aside for your first iPhone purchase. On average, you find that the iPhones you want will cost $300 each. In this situation, your per-unit cost is $300. However, another seller is offering 20 iPhones for $3,000. If you divide 3,000 by 20, you’ll get the per-unit price of $150 each.
As you continue buying bulk, the money you’ll save on electronics versus purchasing them separately can add up fast.
Selling Products That People Love
Another essential aspect of a good business is selling popular products. If you’re launching a new product, you’d have to spend lots of time and energy ensuring it launches successfully. Fortunately, you won’t have this worry when you’re selling iPhones in bulk.
You don’t have to look far to see that iPhones remain one of the top-selling smartphones worldwide. Since you’re selling such popular electronics, you won’t deal with the stress and risk that comes with launching an original smartphone to the public.
As your company expands, you can think about potentially buying smartphones from other businesses. You might also think about expanding your line of products to include some of Apple’s other offerings, including iPads and MacBooks.
Having a Wide Range of Items To Choose From
In life, it’s always nice to have a variety of things to choose from. This is also important when buying items for your business. Fortunately, you’ll find the range of electronics you’re after by buying them in bulk.
Electronics suppliers often have lots of the hottest selling electronics available in bulk lots. And, if electronics distributors and suppliers are buying the items you find in bulk, you can rest assured they’re hot sellers.
Spending Less Time Managing Contacts
As any business owner can tell you, time is money. Considering that, you don’t want to spend all of your time tracking down contacts, placing orders, and keeping up with lots of logistics. If you’re buying in bulk, you don’t have to spend so much time on these tasks.
Instead of scrambling between contacts, you can make one or a few bulk orders and spend your time focusing on other aspects of your company. After all, who doesn’t want to save more time throughout their workdays?
Possibly Saving Money on Shipping
Lastly, a major advantage of buying iPhones in bulk is saving money on shipping. It might seem strange to think you’ll save money by ordering large amounts of electronics. However, it’s often much more beneficial and less expensive to pay shipping costs for one large delivery than tens or hundreds of smaller ones.
By purchasing electronics in bulk, you’ll only have to worry about a few large shipping payments here and there. This is often much better than keeping track of many smaller shipping payments.
Getting Ready To Buy Wholesale iPhones
We’re now going to get into how to officially get your business off the ground. Being that you want to learn more about buying iPhones in bulk, we’ll keep this section fairly brief. However, preparing to run a new business is important. So, it’s probably best to avoid skipping these tips unless you’re experienced at opening wholesale electronics businesses.
By taking care of the following important concerns, you’ll be ready to start buying wholesale iPhones.
Obtaining Your Business Documentation and Tax ID
In most cases, you’ll need to have documentation that shows other distributors and companies you’re a legitimate business owner. Don’t worry; this isn’t limited to the wholesale electronics industry. It’s almost impossible to officially operate a business without having proper documentation.
Completing and filing your business documents puts you one step closer to becoming an electronics wholesaler. You’ll also need to present this information to file business taxes each year.
Setting Aside Enough Space
Another thing you’ll want to take care of is having enough space. Obviously, a few smartphones or tablets won’t take up a ton of space. However, your business might start growing faster than you think. Over the course of a few months or years, you could soon have an apartment or home that’s full of electronics.
If you want to avoid this issue, make sure to plan ahead when deciding where you’ll store your electronics. One way to have the storage you need is by renting a storage unit. You might also set some time aside to clean out your place. You might surprise yourself at how much room you have in your home.
It’s understandable if you don’t want to work from home. If this is the case, you’ll want to look at either leasing or purchasing a commercial properly. By doing this, you’ll have a separate space away from home to conduct business and store your company’s inventory.
Deciding What Type of Business You Want
While you know what you want to sell, you’ll still need to determine what type of business organization you want. If you’re operating a company by yourself, you can decide between either a sole proprietorship, limited liability company, S, or C corporation.
Another popular way to start an electronics company is by establishing an official partnership. Of course, you’ll need at least one other business partner to establish this partnership with. Once you set this up, you and your business partner or partners are ready to start a business together.
Again, this is another area where having help from a business or legal professional might be best. Choosing what type of business you want is an important decision and one you don’t want to take lightly.
Consider Software for an Easier Way to Manage Your Inventory
If you want to prepare to run a wholesale electronics business, you’re going to be spending lots of time managing your inventory. Some people enjoy manually managing inventory on their own. However, other people would prefer to spend time on other matters.
At this stage of your company, it’s unlikely there are many orders coming in. However, after following all of our tips, your company might start gaining momentum faster than you thought it would.
For an easier way to manage your inventory, consider inventory management software. This kind of software can automate many inventory-related tasks. Plus, these programs also display information about your inventory in ways that are easy to understand.
Another benefit of inventory software is that certain programs can also help manage your orders. It doesn’t have to be an essential business expense, but most company owners feel that inventory software is a must for any wholesaler.
Letting the World Know About Your Business
Once you have your inventory, your business will most likely be ready to go. So, before this happens, why not let the world know about the launch of your business? Before many companies launch, they spend time building brand awareness.
While it might sound complicated, it’s quite easy to build awareness for your company before it officially launches. Most people solve this problem by creating social media pages (Facebook, Twitter, LinkedIn, etc), a website, and claiming online directory listings on Google’s local business pages.
If you prefer to do things in a more traditional way, you can start letting people know about your company through television or radio advertising. However, these previously mentioned advertising methods will only be effective for companies looking for local buyers and sellers.
Getting a Home Office Ready or Finding Business Space
We’ve discussed the importance of deciding where to store your iPhones. However, you’ll also need to decide where you’ll set up your office. When it’s time to make this decision, you can choose to work out of your home or inside of a commercial space. Here’s a closer look at the pros and cons of each option.
Working From Home
Business owners working on a tight budget or wanting to escape being in an office all day might set up shop at home. Many people started successful companies in their homes. However, working from home isn’t for everyone. If you have lots of distractions at home, this might not be the best place to open a new business. Working from home around the clock can also make it hard to separate your home from your workplace.
There are many advantages associated with working from home. For one, you’ll avoid paying any money towards leasing or buying commercial space. However, you will likely incur costs buying what you need to set up a home office, including computers, printers, office furniture, and similar items.
Another advantage of working from home is that you’re in a familiar place. This sense of comfort is often appealing for people that enjoy spending time at home. But, as your business expands, you’re unlikely to want lots of co-workers spending so much time in your house.
Working in a Commercial Space
If you either don’t or can’t work from home, you’ll need to find a commercial space. When it comes to finding commercial space, you can either choose to buy or lease it. Buying commercial space can cost quite a bit of money, which often makes leasing a more attractive option.
When you lease a business, you’ll spend money each month to continue using this space. Think of leasing as being similar to renting a home. While leasing a commercial property can help keep operating costs low, you won’t have the same freedoms that come with owning a commercial building.
Working out of commercial property is also beneficial when it’s time for your company to expand and welcome more employees.
Developing a Return Policy
It would be great if every customer or company buying iPhones from you were happy with their purchases. Unfortunately, as almost any electronics wholesaler can tell you, this isn’t always the case. From time to time, you’ll have customers who are unhappy with their purchases.
To take care of your company’s customers, you’ll need to establish a return policy. It’s important to ensure that your company’s return policy is thorough. You can do this by having timeframes of when you’ll accept products and what voids your company’s return policy.
Having a thorough return policy also helps your business avoid being responsible for certain situations. As long as your return policy is fair, it should be hard for most people to argue with you.
Where To Find Bulk iPhones for Sale?
It’s now time to learn where you can find bulk iPhones for sale. Fortunately, there are a lot of ways to find wholesale smartphones. For the best possible results buying iPhones, make sure to check out several or all of the places you’re about to see. Here’s a closer look at some of the best places you can find iPhones in bulk.
Meet Verified Suppliers on TradeInTech.com
One of the best ways to buy iPhones in bulk is to find wholesale suppliers directly. Suppliers are constantly looking for buyers like you. Plus, they're more than willing to sell in bulk. It's a mutually beneficial transaction, so you're guaranteed to see success.
That said, you have to be careful where you buy your stock from. The supplier market has its fair share of unscrupulous sellers out there who are looking to take advantage of naive buyers. Electronics fraud is a very real thing, and you don't want to catch yourself on the bad end of a deal.
Luckily, platforms like Trade-In Tech take the hassle out of finding legitimate suppliers.TradeInTech.com is a wholesale electronics platform designed to connect buyers and sellers in the secondary market. The thing that sets Trade-In Tech apart from other electronics platforms is that every seller is heavily vetted.
Sellers must provide multiple references, which are then verified before a posting can ever go live. This helps to eliminate the risks that come with any membership-based website. Trade-In Tech also monitors the platform around the clock to stop fraudulent activity in its tracks. By doing this, we go the extra mile to provide peace of mind to resellers.
Not only that, but Trade-In Tech is incredibly easy to use. It's like a social media network for those in the secondary market. You can create a profile, negotiate with suppliers directly, and more. With thousands of members, you won't have any trouble finding iPhones or any other consumer electronics you need.
Become an R2 Recycler
Instead of seeking out iPhones and other electronics for your business, what if suppliers could seek you out? It's possible if you become an R2 Recycler.
In 2008, the Environmental Protection Agency developed Responsible Recycling Practices for Use in Accredited Certifications Programs, also referred to as R2. Therefore, R2 Recyclers are companies certified to handle used electronics.
Basically, this program is a way to address the growing issue of electronic waste. Since the rise of consumer electronics, landfills have been overflowing with gear that could easily be reused or broken down for parts. The R2 program aims to make electronics recycling much more accessible.
The cool thing about being an R2 Recycler is that you have constant access to iPhones and a range of other devices. Plus, many companies partner with R2 Recyclers, and not just those in the tech and retail industries. Any large organization that utilizes electronics can get rid of their used devices with an R2 Recycler.
Not only does it allow companies to reduce their carbon footprints, but it also provides some peace of mind when it comes to security and compliance issues. The recycling process ensures that sensitive data doesn't get in the wrong hands, which can get companies in big trouble.
Becoming an R2 Recycler can be a bit of an undertaking. However, it's worth considering if you already have the means to handle the workload. If you're already dealing with large inventories of electronics, why not go the extra mile and take on the recycling duties yourself? It's a win-win situation for everyone.
To become an R2 Recycler, you must:
Submit an application
Pay an annual R2 fee
Request an audit with an accredited certification body
Address issues that come up during the audit
Pass a final audit
Implement R2 Recycling standards
We won’t lie, becoming R2 certified isn’t the easiest thing to do. However, many companies find it worth the time and effort it takes to get their R2 certification. With this important certification, you can expand your business.
Contact Authorized Retailers
There's a good chance that several authorized iPhone retailers are within your area. Authorized retailers are stores that are allowed to sell official Apple products. Typically, they have a contract with Apple to receive brand-new iPhone models that they can then sell directly to consumers. Think of them as the middle-man.
Authorized retailers can include big-box stores, cell phone carriers, specialty electronics stores, and more. You can contact these stores to get some more information about their used stock.
Your best bet would be to go with cell carriers. Oftentimes, cell phone companies will offer trade-in deals for consumers looking to upgrade their phones and plans. For example, AT&T will charge customers a monthly fee just so that they can upgrade their phones every time a new model is released.
Those older used phones have to go somewhere. Sometimes, authorized retailers are willing to sell those phones in bulk to make a quick buck and offload their used inventory.
The same goes for traditional retailers. iPhones are returned all the time. Those old phones can't be marketed as new and put back on the shelf, so retailers will sell them at deeply discounted prices.
Visit your local authorized retailers and see what their policies about bulk selling are. It never hurts to ask. You may be surprised by how much stock you can get from stores in your area.
Look for Closeout or Liquidation Electronics
If you don’t mind doing a little digging, you can also find lots of iPhones by checking out closeout and liquidation electronics. To gain a deeper understanding of this subject, here’s more information about these potentially beneficial ways to grow your business.
As you likely know, electronics companies release new products all of the time. With that said, some products like the iPhone remain popular among consumers and companies. Unfortunately, not every product these companies release will be a success. This is one reason why closeout electronics become available.
Does that mean that these electronics have no value? Not at all. Instead, for one reason or another, they are products that one retailer had problems selling. Closeout or liquidation electronics also become available due to a mistake on the retailer or distributor’s end. If a store has too much of something, they have no choice but to sell it.
So, what makes closeout and liquidation electronics worth finding? For one, they often allow you to get name-brand electronics in great condition for a fraction of what you’d normally pay for these devices.
Another reason is that most liquidation and closeout electronics are available in wholesale quantities. After making one or a few purchases, you might have all the inventory you need for a long time.
Find Resellers in Facebook Groups
You can also turn to Facebook to find some stock. There are tons of Facebook groups dedicated to buying and selling consumer electronics. Since the social media juggernaut launched Facebook Marketplace in 2016, selling items on the platform has never been easier.
You can find listings on local groups and make offers directly on the platform. It's even possible to make payments through the site if you don't want to deal with the details of a transaction.
It goes without saying but it's important to be careful using Facebook or any third-party consumer selling platform. As we mentioned earlier, fraud in the secondary electronics market is more common than you think. While Facebook does do its part to keep things legitimate, the platform is open to everyone.
Facebook doesn't vet posts in any way. Whether or not a listing is deemed as fraud is typically up to the community at large. Facebook even states in the marketplace Help Center that the company is not responsible for things sold on the platform.
You must be wary of posts that seem too good to be true. There are always risks involved with marketplace platforms and Facebook groups. If you don't want to deal with all of that, you may be better off going with a platform like Trade-In Tech.
Gain Partnerships With Manufacturers
You can also try to start buying iPhones for your business by establishing partnerships with Apple. While this can be a great way to get your hands on iPhones, it’s not the easiest way for beginners to get started. This is because Apple wants to make sure they’re selling directly to distributors with experience. So, brand-new wholesalers aren’t likely to have much luck with this method.
However, you’ll want to keep manufacturer partnerships in mind as your business continues growing. Partnering with even one manufacturer can have major positive implications for your business.
Conduct a Few Web Searches
If you need another way to find wholesale iPhone suppliers, it’s also wise to search online. We list this method towards the bottom of our list because, while effective, it can also be quite time-consuming.
We recommend getting some way to track all of the companies you’re going to find. You can populate this list with company names, contact information, and anything else you deem relevant. Also, make sure you’re watching out for any potential scammers.
When in doubt, search for a company you’re skeptical of to see what others have to say. If you find lots of unhappy customers, it’s best to steer clear of those companies.
What Affects the Cost of Buying Bulk iPhones?
By this point, you’re likely to wonder about how much it will cost to buy iPhones. We wish you could give you a simple cost that you’ll pay. However, the exact cost of buying iPhones in bulk depends on several factors. After learning more about them, you’ll have an easy time accurately and fairly pricing your iPhones.
Model/Generation of iPhone
When you’re buying iPhones, you’re going to find smartphones from various generations. As you likely know, the newest iPhones often sell for the highest amount of money. When you start buying older smartphones, their values typically decrease.
Most electronics wholesalers find the most profits from selling phones one or a few generations behind Apple’s latest models. However, take some time to research how much each iPhone generation sells for. These values change over time, sometimes in a matter of weeks.
Condition
Another important factor to focus on when buying iPhones is the condition they’re in. Understandably, most customers want smartphones that are in great (or at least good) condition. Unless they run a business buying and selling broken electronics, your customers will only want items in a functional state.
With that said, there is much more to determining a smartphone’s condition than just whether it works or not. You’ll also need to determine how the phone looks. Here’s a helpful way to determine where your phones stand regarding condition:
Excellent: An iPhone in excellent condition should be either new or look like it. Any iPhones in this condition would also be free from any scuffs, scratches, or other types of damage. Essentially, iPhones in excellent condition are either brand-new or like-new devices.
Great: If a phone has a single imperfection (or maybe a few small ones), you can likely grade it as being in great condition. If maintained well, having iPhones that are either in a great or near-perfect condition is a great way to get the best resale value from used iPhones.
Good: iPhones with minimal wear can receive a good rating. It’s still imperative for these smartphones to work properly. To ensure you’ll sell these phones, make sure to take great pictures and write detailed descriptions of any imperfections.
Fair: An iPhone that’s in fair condition should function properly. However, they’re also going to be fairly worn. Expect for phones in fair condition to have signs of wear and tear including scratches, cracks, and scuff marks.
Poor: Unless a phone has damage preventing it from working, badly damaged phones often receive a poor grade. If you’re looking at phones that work with excessive cracks and scuffs, they’re likely in poor condition.
Broken: iPhones that are in the worst possible condition receive a broken rating. This rating is fairly self-explanatory, it means that the phones in question no longer work anymore. Broken iPhones receive this designation for several reasons.
It’s possible for an iPhone to no longer work due to software issues. Or, iPhones can receive a broken rating because they have any screen or charging port issues. Companies buying broken iPhones typically either know how to fix them or have a partnership with an electronics refurbisher.
Performance
While looking at the condition of an iPhone, you’ll also want to check out how it performs. Condition tests focus on how an iPhone looks. However, condition tests check how these smartphones work.
One of the first things you’ll want to check is how an iPhone’s touchscreen performs. To do these types of smartphone tests, you’ll want to press down on the phone’s keypad and keyboard. During this time, make sure each section of the iPhone’s touchscreen responds to your button presses.
Another important test you’ll need to do is to flip the screen from horizontal to its vertical setting to make sure everything looks and performs properly. Also, don’t forget to test that this smartphone can receive a charge and hold it.
Extra Features (More Storage Space/Better Cameras/etc)
If you’ve bought an iPhone or similar electronic in the past, you know that these items are often available in various models. When it comes to iPhones, Apple often releases base models and other models with more features.
In most cases, the features affecting the resale value of iPhones between models are memory and cameras. Every iPhone needs memory to store apps, pictures, videos, and other types of information.
While this isn’t always the case, newer iPhones can contain one or several cameras inside of them. Sometimes, the difference between one or three small cameras can mean a difference of hundreds of dollars in sales per phone.
The Presence of Accessories
Part of the fun of having an iPhone is being able to accessorize it. Think about what you do when you buy a new smartphone or tablet. Most likely, you want this item fitted with a durable and stylish case.
A case isn’t the only vital accessory people need for their smartphones. You’ll need to have a charging cable to keep your smartphone powered. Another popular accessory from this company is its Apple AirPods. These wireless headphones remain especially popular with Apple’s many fans.
Regardless of what accessories you consider carrying, most of them will be great ways to grow your wholesale electronics business. Consider pairing popular accessories with your iPhones to upsell clients and bring in more money.
The Four Main Types of iPhones Available for Purchase
If you’re ready to move forward and start buying iPhones, you might want to know about the four main types of iPhones or other electronics that exist. By learning how these types of electronics differ from one another, you can have an easier time learning what you want to buy.
New
If you have a good-sized budget, it’s possible to buy new iPhones in bulk. New iPhones are those that have never been used by someone. In most cases, new iPhones are sealed in their original factory box. They should also come with all included accessories. While you shouldn’t have much trouble selling brand-new iPhones, they're not going to always be easy to find.
Used
Unless you’re buying brand-new iPhones, you’ll be purchasing used ones. It might seem like buying new smartphones and electronics is the smartest way to do business. However, most electronics wholesalers grow their companies by purchasing and selling used electronics.
Buying used iPhones is beneficial because you’re purchasing top-quality electronics at a lower-than-normal price. Best of all, you can pass these savings onto your customers. The drawback of purchasing used electronics is that you’ll often need to wipe data from and test the devices before putting them up for sale.
Refurbished
Another way to purchase electronics is by finding refurbished ones. Refurbished electronics are those that have been returned, inspected, tested, and re-sold to either companies or consumers. Essentially, refurbished electronics are used electronics. The main difference with refurbished electronics is that they’re ready for resale after they get worked on.
Excessively Damaged or Broken
You might be asking yourself: why would I want to sell something that’s broken? But, before you skip this section, there’s a lot of potential sales you can start making from refurbished iPhones. Depending on who you work with in the electronics industry, refurbished iPhones can be worth quite a bit of money.
When it comes to refurbished iPhones, getting a great partner can mean the difference between it being easy or difficult to sell these types of electronics. However, you can also test and wipe smartphones yourself if you are wanting to keep costs low.
5 Tips To Remember When Buying iPhones in Bulk
We’ve discussed popular methods for finding iPhones. Now, we want to share a list of tips that can help you become a pro at finding and buying iPhones for sale. Consider using these tips as a sort of bonus guide to ramp up how fast you buy and sell iPhones.
Don’t Choose the First Seller You Find
It’s understandably important to want to see your company grow as fast as possible. With that said, don’t let this excitement lead to you choosing the first seller you find. This isn’t to say that the first seller will be “bad.” However, you might be rushing yourself away from better products or similar ones at much lower prices.
You might also find that instantly buying from the first seller you find leads to bad results. Unfortunately, as it is with any industry, there are scammers in the wholesale electronics industry. It’s understandable to see how someone who rushes into buying bulk electronics and gets scammed wouldn’t want to continue in this industry.
Instead of rushing things, spend time seeing what each wholesale supplier has to offer. Chances are, this time will lead you to find some amazing deals you wouldn’t have otherwise known about.
Take the Time To Compare Prices
Another great tip to keep in mind when buying or preparing to buy iPhones is to compare prices. Chances are, you’ll find sellers offering various types of iPhones as well as varying quantities and conditions. By comparing prices between all of these sellers, you’ll have a good idea who’s offering the best deals.
Comparing prices is also a great way to find out more about minimum order quantities (MOQ). For instance, one seller might have a minimum order quantity of 50 pieces (iPhones). Another seller might require that buyers purchase at least 100 iPhones per order.
By comparing minimum order quantities and prices, you’ll also have a great understanding of how much iPhones are selling for on the market.
Closely Read Through Each Listing
A typical part of any wholesale electronic dealer’s day is spent looking through all sorts of bulk electronics listings. If you were unaware, listings are where sellers list their goods. Each listing typically has a title, description, pictures, and other information about electronics. To buy a listing, you’ll either bid on it or purchase it (depending on where you’re buying electronics).
Considering all of the information inside of a listing, it’s important to make sure you read through each one closely. Listings are where sellers will describe the condition of items as well as what comes with them.
If you rush this process and only skim through listings, you’re likely going to miss out on lots of important information. Doing this could also lead you to buy items in poor condition or ones that are missing accessories.
Consider Asking for Pictures for Extra Peace of Mind
Hopefully, you find lots of listings for electronics that are descriptive and contain lots of pictures. These pictures should detail any potential imperfections and anything else of importance. Unfortunately, sometimes pictures of the electronics you want to buy won’t be available.
Not having pictures doesn’t guarantee you’re going to get ripped off. However, it understandably provides most people with peace of mind knowing they’re getting what they paid for. With that in mind, it’s worth asking a wholesaler if they have any pictures available.
If the seller seems hesitant or refuses to send you any pictures, it might be best to move on and find another seller to buy from.
Look for Wholesale Discounts
At first, the thought of buying lots of electronics can make anyone fear they’re going to spend lots of money. Fortunately, you’ll be glad to learn that many wholesalers offer discounts to encourage customers to buy from them. Just like you, those selling electronics in large quantities also want to ensure they’re running profitable companies.
One of the most common types of discounts you’ll find in the wholesale industry has to do with buying in bulk. Since you’re potentially taking more inventory off of a buyer, they’re often willing to negotiate their prices with you. We can’t guarantee that this will always happen. Some sellers list their lowest possible prices and won’t negotiate them any further.
Who Do I Sell iPhones To?
In business, it’s essential to understand your company’s target audience. A target audience contains all of the people you can sell your company’s products to. With that in mind, you’ll be glad to know there are many people, companies, and organizations that will buy iPhones in bulk.
Retail Businesses
Some of the largest companies in the world are retail businesses. A few of the nation’s largest retail companies include businesses like Walmart and Target. And, as you probably know, companies like Target and Walmart sell a wide range of smartphones. So, there’s a lot of potential to grow your company by establishing partnerships with these types of companies.
Considering the size and connections of larger retailers, they might not always have openings for suppliers. However, you might be able to partner with certain smaller retailers. While it can take time to find them, partnering with a retailer is one of the best clients for an electronics wholesaler to find.
Electronics Distributors
Other great connections to make are those involving electronics distributors. These distributors are companies that often have great working relationships with larger retailers. Therefore, partnering with the top distributors is a great way to work with some of the nation or the world’s largest retailers.
It might also be worth your while to strike up partnerships with internal electronics distributors. By doing this, you might find lots of less competitive spaces to sell your lots of bulk iPhones.
Wholesalers
Throughout your life, it’s always beneficial to have partnerships. Considering that, you can gain a lot of new potential business by networking with other electronics wholesalers. You might even find that the next wholesaler you network with becomes a valuable business partner.
When it comes to finding wholesalers, we recommend doing this on Trade-In Tech. By signing up with Trade-In Tech, you enter into a network of electronics wholesalers looking to buy and sell iPhones (as well as tablets, laptops, and all sorts of other electronics).
Schools and Government Organizations
Last but not least, you can also sell bulk electronics to schools and governmental organizations. We list all of these types of companies and organizations together because they’re not the easiest to work with. However, even landing one of these clients can secure your electronics company with customers for life.
Whether it’s a school, government office, or something similar, all of these locations need to work with electronics. Considering the importance of performing efficient and accurate work, these organizations aren’t going to be using outdated electronic devices.
There are several ways that these organizations can get the electronics they need. However, for many reasons, it’s almost impossible for them to get electronics the same way that consumers do.
How To Grow Your Phone Flipping Business
What’s great about selling iPhones is that you’re working with some of the most popular electronics in the world. With that said, it makes sense to want to learn about a few tips to boost how many iPhones you sell.
Sell Your Wholesale Electronics on Trade-In Tech
If you want a proven way to kickstart your bulk iPhone sales, we recommend joining Trade-In Tech. Since 2012, Trade-In Tech remains a popular online platform that connects buyers, sellers, retailers, distributors, and others in the electronics industry. However, our platform is about much more than just making connections.
The main goal of our platform is to help everyone in the electronics industry grow their companies. One of the first things that set us apart from other companies is our strict verification process.
Before you can join Trade-In Tech, you’ll need to provide us with information about your business and industry references. We gather this information to ensure that we’re only welcoming verified electronics industry professionals into our platform.
After you’re a member, you can start networking, buying, and selling to our network of thousands of verified members. Our worldwide network of members works with the most popular brands in the electronics industry, including Apple, Samsung, Google, and many more!
Launch a Website
One of the best ways to start gaining exposure for your business, and selling lots of electronics in the process, is by having your own website. At the very least, a new website can let people easily contact you to do business. If you want to go the extra mile, you can also use your website as a way to start selling your electronics.
In the past, you needed to be somewhat of a technical expert to get a new website off the ground. However, there are now many companies offering services to make sure your website is an e-commerce powerhouse.
You’ll have to decide between two options when creating a website. These options are to either build your own website or hire it out to someone else. If you have the time and want to save a little money, you can build a great-looking website in about a day or so.
However, if you don’t have lots of time, but a decent amount of funds to work with, it’s probably best to have someone build a website for you.
Create Social Media Pages
Another smart way to start increasing your wholesale electronics sales is by creating social media pages. In the past 10-15 years, social media has become incredibly popular. And, as you probably know, the popularity of social media isn’t slowing down anytime soon.
Considering how popular social media is, it’s no wonder that many companies are launching their own social media services. With that in mind, you might wonder where to start when it comes to building websites on social media platforms.
For the best results, you’ll want to stick with the more popular social media platforms. These platforms are Facebook, LinkedIn (especially if you want to sell B2B), Twitter, Instagram, Pinterest, and similar websites. These websites are the best for social growth due to their immense popularity.
Increase Brand Exposure Through Paid Advertising
Having a website and social media pages is great. But, at this point, you might want other ways to start ramping up your sales. If so, one beneficial way to start selling more electronics is through paid advertising.
The exact type of paid advertising that’s best for your business depends on your preferences. Fortunately, we’re here to help by taking a look at several of the most popular ways to advertise your business.
Pay-Per-Impression
One of the major benefits of paid advertising is that it allows your company to show up almost anywhere. Instead of waiting for traditional SEO to pay off and bring you higher search engine rankings, paid advertising puts your business in these spots almost instantly.
With pay-per-impression advertising, you typically pay the business providing ad space (Google, Facebook, etc) per view. To help make things easier on all parties, most ad space providers charge per thousands or tens of thousands of views.
The exact rates you’ll pay per each impression your website receives vary by platform. But, in most cases, you can expect a cost per 1,000 impressions or CPM of anywhere from $0.01 to $3+.
The key to success with setting CPM rates is determining the worth of views on popular platforms. If 10,000 ad views turn into a customer that buys $5,000 of electronics from you, the advertising will definitely pay for itself over time.
Pay-Per-Click
Most paid advertising platforms, in addition to pay-per-impressions, also allow for pay-per-click advertising campaigns. With this type of advertising strategy, you’re paying specifically for clicks to your website instead of advertisement views.
Since its inception, many companies use pay-per-click advertising when they need a surefire way to market their respective companies. Pay-per-click advertising also involves creating an ad and setting rates. Instead of paying upfront for a set amount of views, you’ll typically pay for your clicks after they happen.
While paying after a consumer or business takes action is great, make sure you have money set aside to pay for all of the clicks you receive. If you don’t keep tabs on your daily or hourly clicks, you might find yourself needing to pay a large advertising bill. To avoid any PPC costs taking you by surprise, make sure to set click limits. Setting click limits is a great way to avoid going over budget.
Running Banner Advertisements
Most people who spend time on the internet know what banner advertisements are. If you don’t know about them, banner advertisements are fairly self-explanatory. They’re small advertisements that appear on websites. Banner advertisements typically appear running horizontally on a website.
The location of banner advertisements varies according to a website designer’s preferences. You’ll usually see them appear and break up paragraphs of text. And, companies have been using banner advertisements to market their businesses since the internet first started gaining popularity.
If you want a proven way to get your company’s name in front of more people or businesses, you’ll definitely want to consider banner advertisements.
Retargeting
Lastly, one of the most popular paid advertising methods is retargeting. While retargeting hasn’t been around quite as long as other forms of paid advertising, it’s certainly proven itself to be an effective marketing strategy. With retargeting, your company’s advertisements “follow” someone from website to website.
To understand retargeting, it’s good to have a base understanding of how paid advertising works. For companies that run paid advertisements to be successful, they need to provide ads that audiences will find relevant. Through retargeting, these paid advertising companies display advertisements based on their user’s search histories.
It might sound like you need to be an expert in using computers to put together a retargeting strategy. Fortunately, you can set up most retargeting campaigns within a few clicks. The main thing of importance with these campaigns is being able to use a special tracking cookie. Don’t worry; everything’s above board with retargeting. This advertising strategy remains incredibly popular.
Get Creative With Your Sales
By now, you should have your products and begin selling them. If you want another great tip to stand out from the rest of your competition, we recommend having lots of sales throughout the year. When it comes to creating sales on behalf of your business, the sky’s the limit.
Yes, you won’t make as many profits with sales as you would without them. However, getting items at a lower cost might be the key to bringing in more customers. Best of all, these customers might be the ones who end up buying from your company for life (even when your items aren’t always on sale).
Also, it’s a good idea to make sure that you’re promoting your sales. Whether you list sale information on your website, social media, or in emails, it’s always good to let people know about these events.
Don’t Forget to Set a Minimum Order Quantity
Another important aspect of being a wholesaler is working with large quantities of items. Considering that, one of the most important things to do before accepting orders is to set a minimum order quantity. This term defines how many items a customer would need to order before working with your company.
For instance, you could set your minimum order quantity to 10 if a customer needed to buy at least 10 iPhones from your company. Setting your minimum order quantities sounds like a simple step, but it’s one that’s easy for people to forget.
With a minimum order quantity in place, you’ll avoid any confusion regarding customers asking you how many iPhones they need to order.
As you can see, there are many ways to buy iPhones in bulk. By following everything in this guide, you’ll have ways to find iPhones, tips to keep in mind before buying them, and so much more.