STEP- BY- STEP MANUAL FOR STARTING A USED CELLPHONE BUSINESS by Eze Wholesale - HTML preview

EZE-WHOLESALE

STEP-BY- STEP MANUAL FOR

STARTING A USED CELLPHONE

BUSINESS

Welcome!

Eze is a B2B wholesale marketplace for

smartphones, laptops, tablets, and other

electronics with brands such as Apple,

Samsung, Lenovo, HP, and more. Eze

connects thousands of US-based sellers to

buyers in over 50 countries across the

world.

STEP- BY- STEP MANUAL FOR

STARTING A USED CELLPHONE

BUSINESS

With the increasing demand for used

cell phones, the used phone industry

is flourishing, rising annually to 10%

worldwide. In fact, used cellphone

sales are also expected to grow to a

whopping $50 billion by the end of

2022.

Here is a comprehensive step-by-step

manual for kick-starting your used cell

phone business to help you take

advantage of the growing market of

used cell phones.

BUILD AN E-COMMERCE

WEBSITE

You will need a platform to sell used cell phones, and an e-commerce site is one of the best ways to sell to people

worldwide. While it is possible to sell

your products on marketplaces like eBay

or Facebook Marketplace, these websites

charge a fee on every transaction and

impose a slew of rules. Nonetheless, such existing online marketplaces are a great starting point to sell your used cell phone products and gain access to their

customer base.

Building your e-commerce site for your

used cell phone business is vital to

acquiring a strong customer base,

increasing the sellability of your

products, building a unique brand, and

essentially making your business more

sustainable and successful in the long

term.

SOURCE FOR DEVICES

Now that you have created an e-

commerce site, the next step is to source

for used cell phones. For your used cell phone business to grow, you need a

reliable and reputable company or

wholesale supplier to ensure a steady

stock supply for your customers.

Wholesale suppliers usually work best for a used cell phone business because they

can sell them at a much cheaper cost and in bulk. In that way, wholesale suppliers help retailers reduce costs and ensure a steady inventory that can constantly

meet the demands of their customers.

At the same time, trusting a larger

wholesale company can also rid the

hassle of scouring individual

marketplaces for used cell phones.

SET UP PAYMENTS METHODS

The next thing you need to do is to set up payment methods on your e-commerce site. How else are your customers supposed to pay for the used cell phones, and how can your business earn any money?

This is especially important if you run your business solely on the web, where cash isn’t accepted. You need to set up payment methods — specifically, credit and debit card payments — for your e-commerce site.

To do so, you can seek third-party service providers such as PayPal. These third-party service providers help deal with the technical work with other financial service providers. But more than that, they offer applications that can be plugged into your e-commerce site so that you can immediately set up a checkout and shopping cart process.

On the other hand, you can also use ready-made e-commerce sites as they typically provide their own completely integrated payment systems as part of the subscription, reducing the number of third parties (and all the hassle) you’ll have to deal with.

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LEARN ABOUT TRADE AND

TAX REGULATIONS

Did you know that retail l aws do not just apply to a physical business but also apply to online businesses? Therefore, regardless of whether your used cell phone business is only run through an e-commerce site or a physical store, it is crucial to learn more about your business’s trade and tax regulations.

That said, every state in the United States has its laws for determining which firms must collect and pay sales tax, so you need to do the research for your particular state. And with the ever-evolving trade and tax regulations, it is especially crucial to learn more and be kept up to date with the latest changes.

Vertex Inc.’s 2019 end-of-year report revealed a huge 619 sales tax rate adjustment in 2018. The same research found that there have been 5,886

new and altered sales tax rates in the last ten years.

This shows how much trade and tax regulations are changing and, consequently, how important it is for business owners like you to keep looking for any significant changes to regulations.

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GET A RESALE CERTIFICATE

Apart from learning about trade and tax

regulations, you also need a resale tax

certificate for your used cell phone business.

This is particularly important for those in the United States because most American states require this resale tax certificate to purchase from US-based wholesale suppliers.

In other words, without a resale tax certificate, you can’t purchase from a wholesale supplier and reap all the benefits they could bring.

Some exceptions exist: some exempted states include Alaska, Montana, Oregon, New

Hampshire, and Delaware.

With a sales tax resale certificate, the cost of taxation will be distributed to the end-user (i.e., your customers). This helps to keep costs low for a more profitable business.

For a full rundown of resale certificates and how to get one, check out our guide here.

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PROMOTE

Now that you’ve got a resale certificate, a site with payment methods set up, a full

understanding of trade and tax regulations, and a steady bulk of inventory, you need to

promote your used cell phone business to get a stronger base of loyal customers. Some ways to do that include — marketing on social media, offering time-limited discounted promotions, etc.

Remember, with a new business, the key is to grab customers’ attention to get more people to talk about your business and gather a larger base of potential customers. Traditional forms of marketing, such as posters or flyers, are also great forms of marketing. On your e-commerce site, you should also state the unique selling points of your business. Use key phrases like

“quality used cell phones,” “affordable pricing,”

and “quick delivery services” to garner even more attention.

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PROTECT YOUR BUSINESS

BRANDS REPUTATION

In today’s digital day and age, it has become increasingly essential for a business to protect its brand reputation. After all, it is unfortunately relatively easy for poor social media or online reviews to bring a business down. And that is definitely the last thing you want for your electronic business.

A bad online reputation caused by negative reviews will bring in fewer sales, but it can significantly reduce customers’ trust and loyalty.

In a worst-case scenario, it can cause your entire business to go under completely.

On the other hand, a good and strong brand image and reputation can act as one of the best defenses against any negative reviews.

Here is how you can build a strong brand

reputation for your electronics business and

protect it against adversities.

UPDATE YOUR BUSINESS

WEBPAGE

If you own an electronics business, you probably have a website for your business. After all, it is one of the best ways to reach out to a broader range of customers and grow your business extensively.

With that said, many business owners often forget to update their business websites over time. It is one of the worst business mistakes with regard to brand reputation. Why? Well, your customers will most likely visit your website first when investigating your company.

An outdated website will not only give off a poor first impression but can even turn customers away. An updated website tells a customer that the company is actively in business. Apart from updating the website to reflect various products or services, there are other things you need to consider to show your electronic business can cater to their needs.

To see an example of how an electronics

wholesalers page should be, check here

MANAGE SOCIAL

PLATFORMS

Social media platforms offer great opportunities to engage with your potential customers and, at the same time, can help promote your electronics business positively. Post engaging and relevant positive content regularly, and the published content should inform and communicate — not dispute.

It is important to use popular channels like

Facebook and Instagram to reach customers quickly. However, it is essential to consider other social tools that encourage businesses, such as Google My Business, to increase the visibility of your electronics business. With this, you can create integrated marketing strategies to strengthen your brand identity across all channels.

ONLINE REVIEW

MANAGEMENT

Consider this an online reputation management strategy if you want a positive brand image. You need to check customers’ comments and reviews about your electronics business. After all, negative customer reviews are likely to turn potential customers away and, at the same time, cause your brand’s reputation to decline when ignored.

Good customer reviews, comments, and ratings are very important. The survey revealed that half of the consumers are not likely to use a business that doesn’t respond to reviews. So don’t just check as an electronics reseller — respond!

Also, it would help if you created other means to improve your online ratings. You can send customized messages with links to platforms like

TrustPilot or other popular crowd-sourced review platforms in your region for customers after a purchase. These reviews can be integrated into your website and repurposed for social media use.

SEARCH ENGINE RANKINGS

SEO, Search Engine Optimi zation, is one of the key aspects that electronics businesses must use. So, if you haven’t heard of it before or haven’t used it much, it is time to make this change and maximize the benefits of SEO.

After all, Search Engine Optimization is a fantastic and well-known method that can allow your electronics business’s website to be among the top websites in Google’s search results. One of the ways to achieve a well-optimized website is to integrate a press page into your website. A press page will highlight your news features, press releases, and blog. The content will be informational to your customers; this is because consumers today frequently conduct internet research before purchasing from a particular company. And they are likely to pick from the top few results, not the websites at the bottom of the page.

To ensure higher traffic to your electronics business’s website, it is important to manage it better and use SEO. A stronger reputation will translate to a higher ranking on Google or other search engines, improving your electronics business’s brand image and overall business performance.

SAFEGUARD NETWORKS AND

PRIVACY

Nothing can kill a business quicker than bad press, especially because of a security breach that exposes user data. Electronics businesses can maintain a great reputation by having necessary measures to safeguard networks and privacy, particularly on their website.

Virtual Private Network is an excellent method; however, they have limitations. We recommend using safe hosting services such as leak prevention and encryption. In addition, use strong encryption restrictions to limit access and control of a website.

Remember to update all equipment, software, and networks to the latest version and configure a VPN on all networks and devices. Safeguarding networks and privacy can not only prevent a security breach, but it can also have numerous other great benefits. Not only will you feel more at ease with the reduced risk of security infiltration, but your potential clients will also feel more reassured and trust your company.

If you’re looking to buy or sell bulk smartphones and other electronics — used and new — in wholesale quantities (from a brand you can trust), Eze got you covered. Click

here to start shopping or here to start selling.

For more information, send a mail here.

THINGS TO NOTE WHEN

BUYING REFURBISHED

ELECTRONICS

Here’s a pro-tip: Never buy a product that is marketed as an “as is” product. For the

uninitiated, the phrase “as is” is commonly used in warranty law to express the seller’s disclaimer of obligation and responsibility for any item sold.

The customer who purchases an item “as is”

accepts it in its current state and releases the seller from any liability.

Be sure to read the fine print and check that the product comes with a warranty and that you’re allowed to return the product (for free) should problems emerge after the purchase. At Eze, for example, our return policies are centered around you. We offer a simple 30-day return and replacement policy for electronics with cosmetic, grading, and functional defects.

CHECK THE CONDITION OF THE

DEVICE

Because refurbished electronics differ in their conditions, it’s essential that you check the condition of any device you opt to buy. This can be a tricky process because there isn’t a standard that sellers have to follow when describing refurbished devices.

For example, “like new” could mean different things to different sellers.

A rule of thumb would be to look out for sellers with a clear and specific grading process. Take Eze Wholesale for example: Instead of vague terms like “like new” or

“gently used,” Eze’s devices are measured against strict

quality standards to deliver just what you ordered.

Each device on the platform is fully tested, data-wiped, sanitized, and individually bubble bagged with an IMEI/serial number. All functions of the device are also well-tested to ensure the correct grading (A1, A2, B1, B2, C) is assigned to it.

Additionally (and perhaps most importantly), each grade is accompanied by a clear description of the condition of the device that should not leave you with any questions or confusion so that you know exactly what you’re getting.

BUY FROM A REPUTABLE SELLER

Just like you wouldn’t buy a brand new device from a random seller off the street, it is always recommended to use a reputable retailer when buying a refurbished device.

On platforms like Eze, the process to buy and sell electronics online is a breeze. With the mission to reduce the need to dispose of electronics that would harm the environment, Eze ensures that usable devices find a second home. We provide a transparent, low-cost, and highly secure platform that connects

electronics traders across the globe for seamless trades that are fraud-free.

Now, if you’re looking to buy or sell bulk smartphones and other electronics — used and new — in wholesale quantities, Eze got you covered. Click here to start shopping, or here to start selling.

Consumer electronics are fast becoming

essential products needed for daily living. With the emergence of the Covid-19 pandemic,

smartphones have become our link to the world for social and professional reasons. According to Statistica, revenue generated in the consumer electronics market in 2022 amounts to over $1bn and is expected to grow by 1.82%

yearly.

Starting a reselling business of any fast-moving consumer good is a good business idea.

Reselling consumer electronics will remain a profitable business to start. However, starting your business can be daunting.

CONCLUSION

Whether you’re a budding business owner or already building a business, the steps and tips in this manual will guide you on selling used cell phones — and you are on your way to furnishing your used cell phone business.

Looking to purchase quality warranty-covered

smartphones (and other electronics) in

wholesale quantities and at the best prices

available for your resale business? Eze got you

covered. Click here to start shopping.

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ARE YOU LOOKING TO

PURCHASE HIGH-QUALITY

USED ELECTRONICS IN BULK

AT PRICES THA T SUIT YOUR

RESALE BUSIN ESS? EZE HAS

GOT YOU COVERED! CLICK

HERE TO START SHOPPING!

SHOP NOW

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