Finding good deals on consumer electronics has become easy as businesses go the digital route. There are many ways to take advantage of the various profit opportunities available online. For example, iPhone wholesale online is an increasingly popular way to start an online business.
Whether you’re entering the smartphone market or you’re already a business owner. There are certain important tips to keep in mind. Secure and smart protection of iPhones wholesale is the key to prospering your business.
If you’re a reseller specializing in consumer electronics, you want to make sure you have a good stock of new and refurbished Apple iPhones in stock. But what model should you focus on, what price should you charge, and where should you source your iPhone from to ensure you pay the lowest possible price to maximize your profit? let’s see.
1. Apple’s iPhone market
The best-selling new iPhone in 2020 was the iPhone 11, with a total of 37.7 million units sold. Thus, it was also the year’s best-selling smartphone. Its rival Samsung A51 sold 11.4 million units. The continued success of the iPhone 11 despite the release of the iPhone 12 in 2020. The iPhone 12 is expected to take the top spot as we enter 2021, with sales expected to be 55 million iPhone 12 and iPhone 12 Max Pro models in the first quarter.
Right now, the iPhone 11 dominates. Other models with strong sales in 2020 were the iPhone SE 2020 with 8.7 million units sold, the iPhone XR with 8 million units sold, the iPhone 11 Pro Max with 7.7 million units sold, and the iPhone 11 Pro with 8 million units sold. Sales of 6.7 million.
When it comes to the secondary market for the iPhone, our usage data shows that the iPhone 7 is still the most popular. The iPhone 8, iPhone X, and iPhone XR remain popular as people either choose to keep their old phones longer or buy used or refurbished ones if they’re replacing an iPhone.
Sales of new iPhones have also declined compared to phone retention rates and sales of used and refurbished phones, but sales of new iPhones now appear to be rebounding. There are several reasons why customers choose to keep their old phone or replace it with the same model or buy a used or refurbished phone. they are:
1) Cost
The price of a replacement phone is one of the major factors for all but a handful of Apple fanatics and customers with money to burn, especially after the pandemic has left customers with less money to spend and greater awareness of need. To save money. One of the ways customers want to save money is by buying older iPhones or refurbished or used models, and it’s not hard to see why.
The entry-level iPhone 12 costs $799, rising to $1,399 for the 512GB Max Pro model. Compared to the iPhone 7, which can be purchased for as little as $150 from sites like Amazon, it’s no surprise that many customers are opting for the latter.
2) To upgrade or not to upgrade?
It used to be that every new iPhone that Apple introduced was eagerly snapped up by consumers. It doesn’t matter how long they’ve had the previous model, because each new model introduces a ton of amazing new features that make it completely different from the one that came before. Those days are long gone.
For many owners of newer versions of the iPhone, upgrading to a handset that is nearly identical to their existing handset is no longer an attractive prospect. The choice to replace their phone with the same model they already have at a lower price, or to replace it with a refurbished model with the same or similar features, is now the preferred choice.
3) People wait for price cuts
When new models are released (which happens almost every year), the prices of previous generations drop. For example, the $599 iPhone 8 was marked down by $100 when the XR was released. So why should consumers buy new ones when they can wait and save money? Because of the predictability of Apple’s release schedule, more customers are waiting to do so.
For resellers of the new iPhones, getting your hands on the soon-to-be-cut model means you’ll have the same phone as Apple while serving customers. In fact, by buying new or refurbished phones wholesale, you can even offer lower prices, making the phone for sale more attractive and thus more likely to sell.
4) Environmental issues
Another factor customers consider when purchasing technology products is the environment. New technologies are manufactured with old and refurbished technologies that are harmless to the planet, and many customers simply cannot justify buying new technologies knowing they are therefore harming the world.
Environmental concerns have fueled an explosion in the used and refurbished market as more and more customers decide to put the needs of the planet above their personal desires to keep acquiring new products. You, as a reseller of refurbished phones, are well positioned to tap into this market, as many customers have concluded that there is no need to consume more of the earth’s resources when environmentally friendly alternatives are not only plentiful but also more affordable.
Smartphones should last 5 to 10 years, not the 12 to 14 months most people are used to holding on to.
5) A booming used and refurbished market
Not too long ago, buying a used or refurbished phone online was fraught with problems. Most of our sales are made on eBay, the site is the wild west of the marketplace where unscrupulous sellers pass off defective or even counterfeit items as refurbished, used, or even new phones and then roll them up without any remedy Take the customer’s money. So customers are understandably wary of buying refurbished and used phones, as they can never really be sure they’re getting what they’re paying for.
Thankfully, those days are over. With sites like Amazon Renewed and eBay introducing rules on who can sell refurbished phones and seller certification, respectively, buying used and refurbished phones online is a safer and more reliable process. This along with other factors we mentioned has led to a huge growth in the market size.
Additionally, 57% of customers said brand-refurbished products were a key factor in their purchase considerations. One of the brands customers want is Apple, which is why you should definitely keep an eye on iPhones when stocking up on refurbished phones.
2. Refurbished iPhone – best seller
The largest online marketplaces for refurbished and used iPhones are eBay and Amazon. This also makes them an ideal guide for what models dealers should be looking for and the types of prices they should charge their customers.
Both sites generate top-selling new and refurbished iPhone listings as of March 2021: Here are the Amazon and eBay listings. These are the models you as a reseller should look out for and the types of prices you should expect, not only on eBay and Amazon but also on e-commerce sites and other online stores like their own sites, by model, age, and condition.
iPhone 7
eBay Price: $100-250
Amazon Renewal Price: $150-270
iPhone 8
eBay price: $170-380
Amazon Renewal Price: $250-300
iPhone XR
eBay Price: $230-400
Amazon Renewal Price: $355
iPhone X
eBay Price: $280-440
Amazon Renewal Price: $340
iPhone XS
eBay price: $280-580
Amazon Renewal Price: $405-$1099
These are guide prices only, which is why resellers who use eBay and Amazon Renewed as their pricing guides should check regularly and do some research to understand the prices and adjust them accordingly to always remain competitive.
3. We sell iPhones wholesale
Now that we’ve talked about the market for new and refurbished iPhones, the models you should be looking out for, and the kinds of prices you should be charging, it’s time to turn our attention to the best places to buy wholesale new and refurbished iPhones as much as possible Low prices ensure maximum profit for your resale business.
For refurbished phones, all iPhones we sell are “retail ready” after going through a rigorous four-step refurbishment process. The process is as follows:
Step 1. Each iPhone is thoroughly inspected and tested for its basic features and functions.
Step 2. Conduct a series of technical tests. Any faults found will be corrected, and any parts requiring replacement will be replaced with new Apple-branded parts.
Step 3. Each unit is carefully sanitized, repackaged, and decorated.
Step 4. Generate a comprehensive inspection report documenting the refurbishment.
Every iPhone we sell comes with all original accessories and comes in original Apple packaging or very high-quality replacement white or brown plain packaging. All original documentation is provided in addition to the manufacturer’s warranty. The warranty has been replaced with our warranty, so in the extremely unlikely event that a customer purchases one of their phones through our platform if it fails or is not as described, it can be returned for a replacement or refunded no questions asked.
4. How to buy iPhones wholesale online?
Before we get into semantics, you need to identify the marketplace you’re getting your goods from. Ensuring that everyone in consumer electronics has access to the correct wholesale supplier electronics platform is a complex process. When making your choice, you need to know the efficient and correct way to buy an iPhone wholesale.
1) Plan your budget
Planning a budget is an important aspect of any business. Controlling your financial investments helps you keep your business in balance and ensure profits.
2) Research products
When you buy an iPhone wholesale, you need to do thorough research on the product and the supplier. Once you know your budget, you can start looking for products accordingly. Finding a refurbished iPhone provides the perfect balance between dealing with new and used iPhones.
3) Check the market price
Pricing your product in the wholesale iPhone market can be tricky. You can check the prices of your competitors and put yourself at the forefront of the market. Put yourself on the consumer side for a better perspective.
5. What are the benefits of buying iPhones wholesale?
If you explore the advantages of buying and reselling an iPhone, you’ll be amazed. Please continue reading the following benefits of buying an iPhone wholesale.
1) Rise in popularity
When dealing with electronics, it is recommended that you choose something that is in high demand. When it comes to brand recognition, nothing beats Apple, so you can buy iPhones wholesale. You never lose demand, so your business grows.
2) Wide variety of products
Another plus point of this business is the wide variety of products offered in the range. Every year there are new models in different colors, storage spaces, and generations that you can get from wholesale iPhone suppliers.
When you have a wide variety of inventory, you can easily appeal to every customer segment. More customers equal more business, so you have more profit every year.
3) Profitable business
The flip iPhone business is all the rage, and it’s not going to go down anytime soon. The market is booming now, and it’s time to harvest the sweetest fruits. But the problem with the iPhones wholesale business is that it requires investment. If you want to make big money, you need to be vigilant about where you invest your resources.
6. Notes on accessories
Last year, Apple announced that its latest phone, the iPhone 12, would come without a charger or Lightning EarPods to reduce their environmental impact. The company plans to phase out the accessories for all phones in the future.
All phones we sell come with accessories, which means you can give your customers better value for their money than Apple itself. Also, it’s a good idea to stock up on Apple accessories going forward, such as wall chargers and chargers, as these will inevitably be in higher demand than they are currently.
We sell a full line of Apple accessories at wholesale prices, so we will make sure to have enough stock to meet our customer’s needs in the months and years to come.
7. 5 online stores wholesale used iPhones in the US
If you’re considering buying a used iPhone wholesale, you’re probably looking for the best place to buy. It is now easier than ever to find a wholesale iPhone supplier since they are so prevalent in the market.
Of course, the Apple iPhone market has changed dramatically, and sales have risen even more. No doubt other smartphone brands are growing, but Apple’s success has been nothing short of stunning. However, the last few iPhones haven’t changed much for people. Many people are interested in buying a refurbished iPhone.
A used iPhone functions just like a new iPhone. The only difference is the quality. Such phones sell for a fraction of their cost. Refurbished phones require a trusted seller. Your retail business depends on whalers you buy in bulk from.
Selecting the right supplier can be a tricky task due to the large number of wholesale suppliers in the US. Most companies have similar products. What differentiates the vendor from the rest is the consistent availability, price, and quality of phones. So this may require a lot of research.
The supplier you choose will build your trust in them and ultimately lead to a long-term relationship with them. It is not convenient to change suppliers again and again. So make a choice that will benefit you in the long run.
Here are the top 5 wholesale suppliers of refurbished iPhones in the US.
- 2nd Life Phones
- Cellular Stockpile
- TG Wireless
- eBay
- Pira Phones
1) 2nd Life Phones
For your retail business or any other business that needs a used iPhone, 2nd Life Phones is the ideal place to buy used iPhones wholesale. A quality testing and grading system ensures quality phones are sold. You can analyze the capabilities of each phone by the rating it is given to them.
This promises only quality products so your money doesn’t go to waste. With the best standards of integrity, we offer you great discounts on bulk purchases of mobile phones. Visit their website and browse their vast inventory to find the right product for your business.
2) Cellular Stockpile
Cellular Stockpile is a forum that benefits both buyers and sellers. With a robust online marketplace for buyers and sellers, it has direct connections with various wholesale suppliers, retail companies, and distributors. Resellers are free to buy and sell iPhones at the store. Cellular Stockpile has many clients from various countries around the world.
Customers buy a large number of high-quality mobile phones from this store. Their huge inventory can satisfy you with all the products you want. Cellular Stockpile offers customer support to help you with any issues.
3) TG Wireless
TG Wireless provides wholesale iPhone services to a variety of businesses. To lock in your success, it is one of the best suppliers you can work with. It has a wide range of iPhone models and is able to cater to a large number of customers. Since their inventory is always regularly updated and new models are added every month, you won’t feel the need to switch suppliers every now and then.
This store always considers the current market trends and customer needs. Plus, you get a 100% factory-unlocked phone. By buying a phone from this store, you can have no worries about the quality and features of the phone delivered to you at an affordable price.
4) eBay
eBay is the largest wholesale supplier in the United States. Online marketplaces contain almost all products. You can find tons of iPhones here. You won’t find any business or customer dissatisfied with this store.
Whether it’s an old phone, a second-hand phone, or a flagship phone, you’ll find every iPhone that fits your needs. eBay has more than 150 active marketplaces worldwide. eBay caters to both consumer-to-consumer and business-to-business sales. The price of this store is also very affordable, suitable for everyone.
5) Pira Phones
Pira Phones offers a large selection of wholesale refurbished iPhones to benefit your business. With the rating system, you can easily analyze the quality of your phone. Make no mistake, this store doesn’t sell shoddy phones. Authentic and Genuine Products are Guaranteed.
The store consistently offers the best quality, functioning phones and attracts a lot of customers. Plus, you can easily afford all the products, so you can make a good profit when you resell them. The fast shipping service promises immediate delivery of your products.
Currently, the US leads the world in the supply of iPhone wholesale suppliers. Of these suppliers, 2nd Life Phone is our favorite place to wholesale use it’s clear from their customer reviews that you’ll only receive good quality phones with the right features at the best prices.
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