For the previous decade smartphone gross sales have skilled explosive progress. However new experiences present that the marketplace for new smartphones dropped 1% from a yr in the past. Indicators present that the smartphone market has matured and persons are holding on to their telephones for a number of years versus an annual commerce up. Shoppers at the moment are skipping iterations of recent fashions, particularly when new fashions encompass solely minor upgrades, and are ready for a brand new gadget with important enhancements. The brand new common for a shopper to carry on to a telephone is three years. And even after these three years, telephones are usually nonetheless in good situation and all options are both useable or at the least simply fixable. Shoppers are additionally studying that their three-year-old telephones nonetheless have worth to them and could be both offered again, or generally, used as a trade-in for the improve.
Warehouses filled with used telephones
With the expansion of trade-in/buyback packages, many carriers, producers, and retailers have enormous inventories of returned gadgets which are nonetheless in completely good working order. Some might need a busted display screen, some might need damaged buttons, and a few would possibly want a brand new battery; however for essentially the most half, the telephone remains to be in good situation and could be repaired and resold. That is the place the secondary market comes into play. Retailers are utilizing quite a lot of channels to promote their used telephone stock; this contains B2B channels like on-line public sale marketplaces. These marketplaces join the retailer to a purchaser base that’s persistently searching for used, returned, and traded-in cellphones and shopper electronics. Enter the refurb & restore trade.
Rise of the refurb & restore enterprise
Restore specialists and refurbishers are one of many greatest purchaser teams of used and traded-in telephones and shopper electronics (reminiscent of laptops and desktop computer systems). The refurb and restore trade obtained an enormous increase not too long ago when the Library of Congress and U.S. Copyright Workplace proposed new guidelines that enable refurbishers to legally hack embedded software program on gadgets so as to restore or preserve them. These new guidelines will allow the trade to restore damaged gadgets to their authentic meant specs; and in flip make the gadget extra beneficial for resale.
Often, refurbishers like to purchase in bulk. If a refurbisher has a chance to buy 10 or say, 100 iPhone 6s, he’ll purchase them, repair them, after which promote them individually to end-users in his retailer(s). Many restore and refurb enterprise house owners have a retail retailer; within the retailer, in addition they present restore providers to shoppers like fixing damaged screens or changing batteries. So, they’re consistently searching for sources of components to make repairs. It’s not unusual for restore specialists to purchase numerous salvage gadgets merely to reap the components.
Facet be aware: when shopping for and promoting secondary market telephones and shopper electronics, you want to concentrate on R2 necessities and certification. R2 Requirement #6 outlines standards and particular naming of how and what must be carried out by recyclers and refurbishers when working by way of the secondary market.
Connecting Retailers to Restore and Refurb Specialists
The secondary marketplace for cellphones continues to blow up whereas new markets in China, Brazil, and India emerge alongside the expansion of trade-in packages. There may be now a necessity for retailers, producers, and carriers to immediately hook up with restore and refurb consultants for the sale and buy of secondary market telephones. That is the place B-Inventory is available in to play. B-Inventory offers a web-based B2B public sale platform the place wi-fi networks, producers, and retailers can promote their inventories of used telephones at market worth as decided by way of a community of consumers who’re persistently searching for sources of stock.