Trade-In Tech
by on June 8, 2020
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It's difficult to get far in the wholesale electronics industry without merchandise. With that in mind, one of the questions we hear the most is “how can I buy electronics from wholesale suppliers?" There’s no type of secret club you need to enter. With that said, it can take lots of time and effort to find wholesale suppliers on your own. Fortunately, we have an in-depth look at how to find plenty of ways to purchase wholesale electronics. Let's learn more about how to buy electronics from wholesale suppliers.

 

Search Wholesale Directories

 

There's no doubt the wholesale industry is extremely valuable. A study from 2009-2019 estimated the value of the wholesale electronics industry to be about $301 billion and continuing to climb. If you're looking for wholesale electronics, you'll be glad to know that many types of directories have what you're looking for. Best of all, these directories are entirely online. Business directories are places where multiple types of companies or industries are included together.

 

You can search through local online directories to find companies nearby to partner with. It's also possible to find much larger online wholesale directories that feature a wide range of electronics including mobile phones, tablets, smartwatches, laptops, and many other types of similar items. As long as you’re using a popular online directory, you should find plenty of wholesale electronics.

 

Since these types of directories are completely online, it makes it incredibly easy to find what you’re after. Most of these directories should have information categorized in a way that’s easy to navigate. Also, these websites have search features that enable you to be only a few simple keywords away from finding lots you’re wanting to purchase. This is much more convenient than having to travel throughout your town, wasting fuel and time, in search of wholesale deals.

 

The vast amount of options that wholesale directories offer is also great for someone who might be just starting as a wholesaler. For instance, you can find smaller lots for a lower price than larger ones. Don’t worry, there are also plenty of larger lots available if you’re wanting to get your wholesale business jump-started right away.

 

Contact Brands, Distributors & Manufacturers

 

Whether you're looking for smartphones, tablets, laptops, or something similar, you'll be glad to know that wholesale directories are great places to find electronics. However, this is far from the only way to find wholesale electronics pallets. These other ways involve speaking to distributors, manufacturers, and other brands in the electronics industry.

 

Unfortunately, certain people entering this industry are unaware that all of these connections exist. Take a moment to think about all of the popular mobile companies in existence. Now, think about how many other companies might be selling or manufacturing their products? This should give you an idea of just how many possible new connections your wholesale business can make. If you can imagine, let's say five major electronics companies, there are probably 50 other businesses connected to them.

 

For instance, if you were trying to acquire iPhones, it would be a good idea to look at iPhone distributors and wholesalers. It would also be a good idea to specifically look for closeout or overstock sales involving Apple-related merchandise.

 

If you need a little help in understanding how all of these people differ from each other, we completely get it. When talking about the electronics industry, manufacturers are companies that are producing electronics. Distributors, on the other hand, are usually businesses that work with retailers to get items from manufacturers onto warehouse or store shelves. No matter which type of partnership you’re after, working with these types of companies is an excellent way to continue growing your wholesale business.

 

Contact Authorized Carrier Retail Locations

 

Another great way to get your hands on wholesale electronics is by partnering with authorized carrier retail locations. These are retailers that establish official partnerships with some of the world's largest mobile phone companies including, but not limited to, Verizon, Cricket, and Boost Mobile. This is just a small fraction of the brands you might end up purchasing after striking up these types of partnerships.

 

As you likely know, the main way these retailers make money is by selling goods from popular electronic companies. It would be great if these retailers could sell each item these companies purchase. However, this isn't always the case and there are many reasons why including a failed product launch or incorrect demand estimates. Fortunately, these are situations that many successful wholesalers can utilize to their advantage.

 

Partnering with authorized carrier locations can also mean that you're able to access what's known as closeout or overstock goods. In the world of wholesale electronics, these can be extremely valuable items to purchase. Closeout and overstock goods are great because they're often in brand-new condition.

 

So, what's the process behind these types of goods being available? Both overstock and closeout deals take place because companies have too much of a certain kind of item. However, there is a major difference between these two types of deals. Overstock opportunities typically arise because a company purchases too much of something. Closeout deals happen when a retail partner or similar type of business needs to sell an item as fast as possible.

 

Let's say that a nearby authorized Verizon retailer orders too many Samsung Galaxy tablets. Because of this store's mistake, it allows wholesalers to purchase some of its inventory. This is an example of overstock. On the other hand, imagine that there’s a new generation model from a popular mobile phone company about to release. Retailers will want to clear shelf space, which provides you with potential closeout sale opportunities.

 

It might take a little extra time to find and be able to access either closeout or overstock opportunities. However, when they do arise, make sure you're able to make purchases. In most cases, these goods are brand-new and sealed.

 

Become an R2 Recycler

 

Initially, it might seem a little odd to see becoming a recycler on this list. After all, what does recycling electronics have to do with your wholesale business? Surprisingly, becoming an R2 Recycler (Responsible Recycler) can help in more ways than you might think.

 

With that said, it will take some time and effort to receive your R2 certification. However, the wealth of new potential business opportunities makes the time and effort investments worthwhile. By receiving your R2 certification, you’re showing the Environmental Protection Agency (EPA) that you know how to safely handle and recycle electronic devices.

 

Another major advantage of becoming R2 certified is having access to what is known as carrier auctions. These types of auctions can include a massive range of electronics from the world’s most popular brands. What makes them even better is that attending and purchasing items from this auction means you might be able to get a great deal. At auctions, the bidders control how much a lot ends up selling for.

 

There are several reasons why companies place items up for bidding at carrier auctions, most of which have to with the previously mentioned closeouts or overstock situations. However, it's still wise to make sure to pay close attention to any descriptions about the lots or items you're bidding on.

 

Find Suppliers on Trade-In Tech

 

One of the best ways to find amazing deals on purchasing wholesale electronics is by signing up on Trade-In Tech. Since 2012, this company has been helping people in the wholesale industry connect with other buyers and sellers. We focus on building a tight-knit community of people that want to see each other’s businesses continue growing.

 

You’ll also be glad to know that each Trade-In Tech member must go through a screening process. Trade-In Tech also requires that, before becoming a buyer or seller, each member must provide at least two references that verify previous transactions. This process ensures that you’re only working with other, legitimate wholesale professionals. At Trade-In Tech, we’re all about our members.

 

Another reason we’re so popular is that we offer zero buyer and seller fees, something any supplier can appreciate.

 

To Wrap Things Up

 

If you’re wanting to start purchasing electronics on a large scale, it’s helpful to find wholesale suppliers. Fortunately, in the digital age, there are lots of suppliers selling what you’re looking for. Hopefully, our tips will lead you to suppliers that help you start and grow your wholesale electronics business. We highly recommend that you check out our blog, as we update it often with plenty of tips to help your wholesale electronics business.

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