Flagship phones are getting more expensive every year, and it’s tough for people to keep up with the latest gadgets. That’s why there’s a huge market for used smartphones from previous years. They work great, have lots of features, and they’re easier on the pocket. If you own a repair store, looking into the used smartphones market can help fuel your store’s growth quite easily.
Contrary to popular belief, used smartphones do sell quite well. In 2017, the market for refurbished smartphones grew by 13% year-on-year, while new smartphones only grew by 3%. There are lots of people out there who prefer going for cost-effective means of getting their new phones. The refurbished smartphones business has grown considerably over the last few years to fill that need.
In this article, RepairDesk will be talking about how used smartphones can help your repair business grow vastly, and why you should consider selling them in your store.
The Price is a Lot Less
As explained earlier, the main reason that used smartphones even sell is because they cost a lot less. Flagship phones easily cross the $1,000 mark in today’s world, and a decent phone falls in the range of about $700 anyway. Compared to these prices, used smartphones that have been refurbished cost about 28% less. This makes getting a refurbished phone less expensive and more feasible for a lot of people, especially when 75% of people don’t discard or throw away their old phones.
The Performance Leap Isn’t that Great
Companies are always coming up with iterative designs and features for their smartphones every year. While performance leaps were once quite significant, there’s less in a new phone now that your old one can’t do. It’s standard for cellphones to have fingerprint sensors in 2020, and the chipset and RAM is just as powerful as last year’s model. Batteries are probably the main components that wear with age, but refurbished phones take care of that as well. Many people have seen that the yearly-releases serve very little in terms of practicality, and therefore choose to stick with a used smartphone from the previous year since it does the same job well too.
Used Smartphones Are More Environmentally-Friendly
With people getting very conscious of the environment nowadays, many have turned to recycling materials and using less resources. This holds true for smartphones as well, as their materials have an impact on the environment. Lots of used phones are in circulation because people don’t want to trash them and hurt the environment, since things like lithium-ion batteries can do a lot of harm if not disposed off properly. Additionally, the other raw materials that go into the construction of a phone are reused.
Selling used phones can be a great move for your repair business, especially if you’re looking to grow bigger and become more renowned. If you’re running a cellphone repair store, give RepairDesk a try. We offer the best repair POS software in the market for store owners looking to automate and improve their business. RepairDesk handles ticketing, invoicing, inventory, CRM, employee management, and a lot more. Choose to do it all from the web or our iPad app. We even have a dedicated refurbishment module that you can use to fix and sell used smartphones. Sign up now for a FREE 14-day trial, or restart your trial if you’ve signed up before.