Purchasing iPhone and Samsung Returns — A Beginner’s Guide
By: Eze Wholesale
Tags: Tips And Tricks, Samsung, Refurbished Smartphones, Iphones, Smartphones

It’s not enough to simply resell smartphone returns; it’s of utmost importance to determine exactly what type of returns to sell — to maximize profit and drive faster sales.

iPhone and Samsung returns are great choices when sourcing for smartphone returns to sell. A large amount of inventory of both brands exists and they both command high demand.

In this beginner’s guide, we’ll take a look at why iPhone and Samsung returns hold great value, how to source for them, and ways to make profits from reselling these returns. Let’s get started.

The value of iPhone and Samsung returns

According to Gartner, worldwide smartphone sales increased by 26% in the first quarter of 2021. As soon as new smartphone models hit the market, smartphone users tend to swap their devices for newer models due to upgrades in technology or improvement in aesthetics. This creates an opening for resellers because smartphone returns made by these users are a great source of inventory. And as the prices of flagship models of Apple and Samsung continue to soar to (and sometimes surpass) $1000, the value of these devices after a year or two is becoming more important.

Also, the global chip shortage has affected users from upgrading right away, which has increased the value of and demand for phone returns.

It’s, however, important to note that returned iPhones have higher market value than their Samsung (and other returned Android) counterparts. According to BankMyCell, flagship Android devices tend to lose their value twice as fast as iPhones — and two years, post-launch, the value of iPhones and Android devices depreciate at 35.47% and 61.50% respectively. Why? Apple releases new iPhone technology once a year, promoting an air of exclusivity where owners can enjoy a full year of the best technology before a new model comes out. This is dissimilar to Samsung, where flagship models are released months apart. Another reason is the uniqueness of Apple’s iOS as opposed to the Android OS which runs on multiple android devices.

Where to purchase iPhone and Samsung returns

B2B marketplaces: Trade-in companies and many retailers rely on B2B sales channels like Eze Wholesale to sell wholesale quantities of iPhone and Samsung returns. When you purchase directly from buyers, you avoid liquidator involvements and price markups.

eBay and Amazon: Wholesale quantities of iPhone and Samsung returns are available on marketplaces like eBay and Amazon, however, be careful and be sure to check sellers’ ratings for reliability and credibility.

Eze Wholesale: On Eze, resellers can find a large supply on the platform. iPhone and Samsung returns available for purchase on Eze are tested and graded, and the best part is Eze is a fully automated marketplace where wholesale smartphone returns can be purchased by bidding, allowing you to only pay for what you want. Being the large marketplace it is, you are able to expand your network and move your inventory faster enjoying real-time market data and transparent prices. Hear what Gabriel Hernandez and Aldo Barquin have to say about sourcing wholesale electronics via Eze.

Setting up your business for success

To set up a business for selling used smartphone returns, here are important factors to consider:

Constant supply: To ensure that you always have inventory to fulfill the needs of your customers, you should source for devices from marketplaces like Eze that have a continuous supply that matches your customers’ demands. That said, you should also ensure to purchase the right quantity of devices you need and not buy more than you can sell, as the value of smartphone returns decline with passing time.

Grading scale: The Cellular Telecommunications Industry Association (CTIA), in September of 2021, released the updated universal grading scale for mobile devices and grading criteria for manufacturers to follow when selling their used inventory. While CTIA has pushed for many manufacturers and carriers to adopt this grading system, many industry players are yet to adopt this system. As a reseller of iPhone and Samsung returns, it is best to familiarise yourself with the mobile grading scale and also seek out a transparent and reliable marketplace that uses a grading scale that is suitable for your business needs.

To maximize profit, you should also consider the following:

Get a resale certificate: Getting a resale certificate allows you to resell goods to your customers without having to pay local sales tax for the items.

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Invest in marketing: A marketing strategy can distinguish you from competitors and create multiple funnels for increasing sales and retaining customers. Email marketing, social media marketing, Search Engine Optimization, among others, are tools that can help you maximize profits in your business.

Conclusion

iPhone and Samsung returns are hot commodities in today’s digital world. Prices of flagship smartphone models continue to rise and smartphone returns help solve the needs of consumers who desire good-quality devices but can’t afford newer models.

iPhone and Samsung returns are great brands to consider for your resell business because they retain their value much longer than other brands. Ensure you have a constant supply of these devices and develop the right marketing strategy to grow your smartphone resale business.