Cell phone resellers stock depreciating assets (phones decrease in value over time), which motivates them to sell their inventory as quickly as possible. Pursuing quick sales is also a smart business strategy for any high-volume, low-margin business. But just how high volume is your business? That’s what inventory turnover will tell you. Let’s define inventory […]
Businesses of all stripes will find it hard to be all things to all people. It’s difficult to build a reputation when you sell anything and everything, and everyone is in your target market. You are likely to spread yourself too thin, with ineffective marketing and a weak brand. It’s strategic to create a niche: […]
Cell phone wholesalers operate in a competitive industry in which small differences in operating costs translate into large differences in profit margins. To survive and thrive in a low-margin business, it’s critical to understand your cost structure and its implications. Fixed Costs vs. Variable Costs In business, there are fixed expenses and variable expenses. Fixed […]
Wholesale cell phone distributors have variable profit margins shaped by their buying and selling strategies. On the buying side, factors such as the models of phone the wholesaler targets (flagship, mid-tier, or budget), the grade/condition of the phone, and the repair or refurbishment costs (if any), combine to establish a price target the wholesaler strives […]
As a wholesaler of used phones, you have the opportunity to make good margins, but the key is to find a good supplier. Here are 10 things retailers and wholesalers should look for before they buy wholesale phones. 1. A Good Reputation The first thing you need to consider before you buy wholesale cell phones […]
The wholesale used cell phone business is a lucrative opportunity for many entrepreneurs. The basic ways to grow your business are to sell more (find more places to sell or find more customers who will pay the highest prices for what you are selling, for example) and spend less (make your operation more efficient or […]
So you’ve found a reliable supplier and your used cell phone business is up and running. But now you need to find a marketing strategy that will grow your business. How you market your business will depend first on whether you are a wholesaler or a retailer. Of course, in either case, you’ll want a […]
There are two basic ways to do business as a used device reseller, with a few variations. Regardless of which way your wholesale cell phone business is structured, it all boils down to the profit margin you can make versus your costs in terms of depreciation and time. Here, we will take a look at […]
Pre-owned smartphone resellers across geographies share certain advantages – they have a product in high demand that they can sell quickly at a healthy profit for far less than new phones. While those fundamentals stay the same across the globe, other market conditions vary locally. Understanding how international markets vary is important for device wholesalers […]
