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eBay VS Public Marketplaces (Selling)

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If you’re looking to start selling phones or expand your current reselling venture, you’ll likely consider two primary platforms: local marketplaces (like Facebook Marketplace or Craigslist) and eBay. Each comes with its own set of pros and cons, so in this guide, we’ll break down the benefits and drawbacks of each platform to help you decide which option suits your goals best.

Selling on Local Marketplaces

Local marketplaces provide a way to reach nearby buyers quickly and avoid the complexities of shipping. However, they do come with unique challenges. Here’s a deeper look at the positives and negatives.

Marketplace Negatives

  • Bots and Scam Accounts: Online marketplaces are often targeted by bots and scam accounts, so you’ll need to be vigilant to avoid fraud.
  • Potential Safety Risks: There’s a risk of encountering theft or dangerous situations when meeting buyers in person. Always prioritize meeting in safe, public places.
  • Time Wasters: Some people may inquire but never follow through, which can consume time and energy.
  • Message Overload: If you’re listing multiple items (e.g., several phones), managing messages can become overwhelming.
  • Device Condition Issues: Buyers may return or complain about phones if they experience issues after the sale.
  • Limited Customer Base: Your reach depends on your location, so you may face challenges if you’re in a smaller town or rural area.

Marketplace Positives

  • Quick, In-Person Sales: You can sell items quickly and avoid waiting for shipping times.
  • Cash in Hand: Local marketplaces often involve cash transactions, which can be an advantage for many sellers.
  • Networking Opportunities: By building a reputation as a trustworthy seller, you can expand your network and even secure return buyers.
  • No Platform Fees: Unlike eBay, many local marketplaces don’t charge sellers fees.
  • No Packaging or Delivery: Selling locally means no extra cost for shipping or materials.
  • Trade-In Potential: Some buyers may want to trade their own items, offering unique opportunities for sellers.

Selling on eBay

eBay opens up your sales to a global audience and adds a layer of security, making it an appealing platform for sellers looking to expand. But eBay also has its own challenges that you’ll want to consider.

eBay Negatives

  • Seller Fees: While eBay offers a broad customer base, it comes at a price. As of October 2024, though, selling on eBay is free in the UK, making it a good time for UK sellers to take advantage.
  • Intense Competition: High competition can make it difficult for newer sellers to stand out, but it also keeps prices competitive.
  • Shipping and Packaging: Selling on eBay means you’ll need to cover the cost and effort of packaging and shipping items.
  • Returns Policy: eBay requires sellers to manage returns, which can lead to refunds and additional costs.
  • Funds on Hold: Depending on your selling history, eBay may hold funds until the transaction is confirmed as successful.

    eBay Positives
  • Potential for Business Growth: eBay provides tools and resources to turn casual selling into a more serious business.
  • More Serious Buyers: eBay’s buyer-seller protection policies encourage a more professional experience, reducing the chance of encountering casual buyers or “time wasters.”
  • Buyer and Seller Protection: eBay offers protections to both parties, making it safer for transactions.
  • Global Reach: eBay opens up your listings to an extensive customer base, far beyond what local marketplaces can offer.
  • Multiple Sales Options: eBay gives you the choice to sell items through auctions or at fixed prices, providing flexibility in your pricing strategy.
  • Option to Sell Damaged Items: Even broken or faulty phones can be sold on eBay, which may not attract buyers locally.

So, Which Platform Should You Choose?

The platform that suits you best depends on your goals and how you want to scale your phone-selling business. Here’s a quick breakdown to help you decide:

  • If you want a smaller, simpler setup: Local marketplaces may be ideal. You can sell in-person without worrying about fees or shipping logistics.
  • If you’re ready to grow and earn more: eBay is perfect for expanding your reach and selling a wider range of products, including high-value items and bulk listings.

    Personal Strategy: Using Both Platforms
  • A strategic approach could involve using both platforms to maximize profits. For example, you might:
  • List “Scraps” (Grade C or damaged phones) on local marketplaces, where buyers may not mind minor issues as long as the price is right.
  • Use eBay for higher-quality items where there’s potential to earn more due to the larger customer base and willingness of buyers to pay higher prices for well-maintained phones.
  • With the right approach, each platform can help you build a thriving phone-selling business.


 

Iphone 12 Colors

The Ultimate iPhone Flipping/Reselling Guide

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What is Phone Flipping?
Phone Flipping is, Buying Phones for Below Market Value on Marketplaces and Selling them for the True Market Value—a Glorified Middle Man, which is one of the best Business Models.

You don’t have to Create the Product, Market it, or Create a demand. EVERYONE is in need of a Phone in 2024. Think about it, If you break your Phone – You can’t go a day without it. So you resort to getting it repaired or buying a new one. There is so much demand in this Game.

However, just because there is demand doesn’t mean you will sell instantly at whatever Price.
It’s very important to spend your time researching the phone Markets, as different Towns and Countries will have their own. Don’t expect to find a Spreadsheet that gives you all the Flip Prices.

How to get started
Take Action.

If you have a Budget of 100$/£ then you are ready to go. If not? Grab whatever Valuable items you don’t need or use List it on FB Marketplace and Stack your Money.

Once you have enough to buy your First Phone, go onto FB Marketplace and search for “iPhones” Change the Filter to “Within 24 hours” under the Date Section. Then Filter it to “Newest First”

Scroll and Search for Deals at least every 30 Mins.

Now let me Break it down and give you an Example.

“iPhone 11 64GB”

It’s an iPhone 11 in Great Condition and Unlocked to all Networks. Listed for £80

Now what you do is find the most Accurate Market Value


Find the Market Value of the Phone you are looking to Flip

There are several ways to do this however the most accurate is eBay’s Recent Sold

Simply search the Model Name E.g “iPhone 13 128GB”

Then select “Filter” on the top right section.

Scroll down till you see “Sold items” then toggle it.

This will show you the dates and prices for the sold model.

Find the most accurate to yours, Take Storage, Condition & Accessories into consideration.

However, this works best with Experience. Depending on where you are Buying/Selling there will always be adjustments that will be needed. All Factors matter.

Spend time learning the Market as we Rely heavily on it.

Right so now you know how to Buy and Find the “Flip” Price

The next steps to take are:
Cleaning, Taking High-Quality Photos, List it and Sell it

Cleaning is Pretty Straightforward, Just use Baby Wipes or Wet Wipes, for the best results ISO Alchohol 99.9%

Be sure to get a small tool to scrape the dirt out of the Speakers, Charging Port but be Careful with the Charging Port – You don’t want to bend any of the Pins so only clean if necessary

High-Quality Photos (Important)
Bright lit-up room with sunlight.
Nice background that doesn’t match the Color of the Phone

Avoid taking them like this:


And work on being able to take Photos like these:

Show every angle, and make sure to show the Battery Health if it’s high (in the 90%) if not just list it in the description

The more Phones you flip, the better the Pictures will be.

You can invest in more stuff when it makes sense to, for example, Ringlight, Phone Stand, Background.

Listing the Phone
“iPhone 13 – 128GB | Great Condition”

“The Model, Storage, and Condition.

The description can be like this

iPhone 13 in Great Condition always been kept in a Case with Screen protectors, Hardly any signs of use

Unlocked to all Networks, 90% Battery Health

Everything works as expected and is iCloud Unlocked

More than happy to test it out before Purchasing”

Summary

Phone flipping is a simple yet profitable business that leverages high demand for affordable smartphones. By finding phones below market value, cleaning and presenting them well, and listing them accurately, you can quickly turn a profit. Success in this field depends on consistently researching market prices, identifying good deals, and refining your buying and selling skills. Start small, improve your listings with clear photos and detailed descriptions, and learn from each flip. Over time, as you gain experience, your understanding of market dynamics and pricing will help you grow your earnings and expand your flipping business. Take action, stay consistent, and watch your investment grow.