Trade-In Tech
by on December 9, 2022
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In 2022, it is projected that sales of smartphones would generate close to 75 billion US dollars.  This is a difficult figure for someone looking to start a business to ignore, which is why more sellers are vying for a slice of the wholesale phone business cake. Imagine how much revenue will be generated in years to come.

If you're thinking about getting into the wholesale phone business, you've probably given some thought to the logistics of your business. You are ready to leave the land of dreaming and get down to business. Affordable and legitimate wholesale phone suppliers are a great first step. Choosing a cheap wholesale phone supplier is a lot like dating. You want to find a great match, but you also want to do it without spending the full moon, this can pose a bit of a challenge. There are so many suppliers to choose from and you want to get the best deal. But what if you're not so sure where to start? What if there are so many different companies out there that it's hard to know who to choose?

 

Well, don't worry! To get an affordable phone deal and save your business money, we’ll dive deep into the details to help you find the perfect match;

  • What a phone wholesale supplier is and why you need one
  • Steps to finding legitimate and cheap phone wholesale suppliers
  • How to make sure they are a match for you

What is a wholesale phone supplier?

There is no doubt that the sole purpose of starting a business is to make money. For retailers to make profit, buying in bulk from wholesalers is a means to an end. A wholesale supplier sells products to businesses known as retailers, who then resell them to the general public. Retailers mark up the pricing when selling individual pieces to customers after purchasing goods in bulk at lower costs.

 

That’s how the wholesale phone business works too. A wholesale phone supplier is a company or individual that sells phones to retailers or other businesses who can't afford to buy them in bulk from manufactures, at a discounted price. These suppliers specialize in assembling phones for other businesses. They help businesses save money, and they allow them to buy phones at a cheaper price. They are important because they create demand for the phones, which in turn drives up the price of the phones and encourages consumers to buy them.

The following are the kinds of wholesale phone suppliers that are out there and will be a match for you:

  • Independent agents who work directly with manufacturers and wholesalers to bring their products to market
  • Wholesale distributors who buy from manufacturers and resell them to retailers or other businesses
  • Wholesale agents who buy directly from manufacturers

 

Why do you need a wholesale phone supplier?

Not all phone suppliers are made equally. There are sometimes bad eggs in a crate. To start your business and be rest assured that there won’t be problems in the future, you need a reliable and reputable wholesale phone supplier. After all, you can’t start a business without having goods to sell. The following are top reasons why you need a wholesale phone supplier:

  • You practically avoid going through the product development process altogether, saving time and money. You enjoy a seamless shopping experience.
  • You have access to a large collection of phones and receive products at a discount to resell with a healthy profit.
  • Without having to worry about high storage rental costs, you can acquire as much inventory as you need.
  • You already have a supply relationship, so you can quickly restock if something immediately sells out.
  • In case of damages or complaints, your existing supply relationship will afford you the chance to seek a remedy.

 

Steps to finding legitimate and cheap phone wholesale suppliers

You don’t just wake up one day, hit the streets or the internet and get one supplier out of the blues without doing your assignment. I’ll walk you through the steps you need to follow to find where you can buy cheap wholesale phones.

 

  1. Do your research

What phone model are you interested in? What phones perform best? What are the needs of the customers around you? What kind of phone brands do you want to sell? What are the qualities and features of the phones you want to sell? Do you want refurbished devices or brand new ones? These are the salient questions you need to ask yourself before conducting your research. Once you’ve decided on the type of phones you want to buy in bulk, the next thing to consider is your location. For ease of business, use keyword terms that include your location, your preferred phone model and brand, and a word like “wholesaler” or “bulk.” For instance, if you want to start selling iPhone 14, and you're in New York, search for “New York iPhone 14 wholesalers”. Depending on your location, it is likely that nothing pops up. however, you might end up discovering a fantastic nearby supplier. A local supplier offers the benefit of face-to-face interaction, which allows you to establish confidence, while also confirming their existence and examining their products.

  1. Look for wholesale suppliers

There are  a lot of people out there that claim to be legitimate wholesale phone suppliers, but as you’ve probably noticed, they’re not always what they seem. Searching online is the quickest way to find companies that will offer you the best prices and quality. The following are websites that will help you find reliable wholesale phones suppliers where you can buy cheap wholesale phones;

  • Trade-In Tech: Trade-In Tech is a marketplace for business-to-business vendors in the electronics sector. All you have to do is to create a profile, connect with other dealers from across the world, and sell on their marketplace for free! They also come with extra services like private groups, live chat rooms, events, business training, and more. The staff verifies members and keeps an eye on the website around-the-clock to prevent any fraudulent activity. Trade-In Tech remains #1 rated global wholesale platform for electronics dealers.

  • Swappa: On Swappa, you transact business with other users directly. Eliminating the intermediary allows you to shop at a local market where the prices are competitive and the value is excellent. Using PayPal, buyers and sellers can transact in a secure and direct manner while benefiting from robust buyer and seller protection. As a result, defective items are not permitted on the Swappa marketplace. For customers to feel confident when buying, every product has listing requirements and an approval procedure. Swappa receives no fees from sellers, and occasionally buyers add a little fee to the sale price. A seller’s listing is not considered sold on Swappa until they receive payment. In summary, the process is seamless.
  • eBay: Everyone is familiar with eBay, the trusted platform for buying and selling goods. Wholesale phone suppliers make use of eBay too.  In some cases, eBay offers great bargains when it comes to wholesale deals. Although purchasing from eBay sellers carries a modest risk, you must exercise much greater caution than in other areas. A seller may not be a good choice if they do not have a decent rating. Prior to making a purchase, make sure you review everyone's ratings. A vendor with a good reputation need to have a ton of five-star reviews and many years of successful sales.
  • Amazon: To get rid of excess inventory, many manufacturers may decide to list large quantities of mobile phones on Amazon. The option to buy and sell one's own wholesale phones on Amazon is also available. Find a quality vendor with a solid reputation, just like on eBay. Do some research on the sellers or perhaps get in touch with a past customer to find out how they got along with them. The vast selection and lengthy list of international suppliers on Amazon make it easier for you to choose the best option. Additionally, Amazon has same-day delivery options, but only in a select few areas.

 

  1. Make a successful contact with the wholesale phone suppliers

The rationale behind this is to weigh your options and compare the wholesalers based on prices, quality and services rendered. Reach out to your shortlisted wholesale suppliers and request for a quote. Price is a very important factor in choosing an affordable phone supplier because the ultimate goal is to get a competitive price and make profit. Quality is also an important factor to look out for as it is important that before you buy any type of product from anywhere, you have to make sure that it has been tested by an independent laboratory before being sold to the public market so that you can be assured about its quality and safety standards. You also want to find out their minimum order quantity requirements, the region they supply and the quality of their service.

 

  1. Check their policies

What kind of policies do they operate? Do their products have warranties on them? Is there an insurance protection policy? Is there a return and refund policy? Know what you're looking for in a supplier. Some suppliers are better than others at providing quality products and services with respect to their policies —so make sure you know what kind of experience you're looking for before selecting one as your supplier!

 

  1. Ask questions

You need to select the wholesalers you wish to work with after you start speaking with a few of them. Asking lucid, precise questions will help you discover the answers to your most crucial queries. Make sure they understand what type of wholesale phone system you need and how much money you need to spend on the project overall (which includes the hardware, software, support costs, etc). If they can’t proffer accurate answers to your questions, then they might not be a good fit

People asking questions Vectors & Illustrations for Free Download | Freepik

  1. Stay up to date with industry news

Learn the dates for the new phone releases. Watch the news to find out if there are any upcoming releases for different phone brands. If so, it would be a smart idea to buy bulk cheap  phones at that time. The most recent model will result in a decrease in the cost of the previous model, making it more accessible to consumers who want to buy it.

Dotting your i’s and crossing your t’s

You've done your due diligence and are almost prepared to reach an agreement with your cheap wholesale phone supplier. Nevertheless, there are a few additional things to look into before you sign that contract:

  • How long have they been around?

It is advisable that you avoid fly-by-night operations and look for a company that has been around and consistent for a long period of time. This means that they have been able to establish themselves in the industry and build up trust from customers over time. It also means that they know what they are doing and are professionals who will take care of your needs as a customer.

  • What is their reputation like among other businesses in the industry?

The only downside of working with online suppliers is that there are a lot of companies out there that are trying to scam customers of their hard earned money, so it is important to do your homework and see if they have any negative feedback. Check out their social media presence, look at their customer reviews and ratings, and talk to other businesses who work with them. This will help ensure that they will be able to provide you with quality products and services at competitive prices in the future. Their opinions will inform you on whether or not you should proceed with the supplier.

  • How easy is it to get in touch with them?

If there are no places where you can buy cheap wholesale phones near you, how easy is it to be able to get in touch with farther ones? Does it take a full moon? Or days? Or even weeks? Their response rate will obviously determine the success of your business once you start partnering with them. It is best to work with a company that has a quick response and delivery time.

  • What kind of support does the company offer if I need help?

Is the company customer-centric? Would you be protected in case of defective devices? Does the company drop ship to ease your delivery process? It is important to note that the best wholesale phone suppliers offer amazing deals on cell phones while providing high-quality service and excellent customer support.

Wrapping up

So, with these tips in mind, you now know how to choose a cheap wholesale phone supplier. We hope that you've found this article helpful and that it will help make your experience less stressful when it comes to finding an affordable supplier. Want to find cheap wholesale phones near you? Create an account with Trade-In Tech so you can browse phone inventory today.

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