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💡 iPhone Flipping : Buy it, Fix it, Sell it

How to become a successful phone dealer.

Author

Odd night
March 19, 2024

Welcome back Odd Nighters,

Today's side hustle takes us back to a classic business model with a modern twist.

With over 7.1 billion smartphone users globally in 2024 and a booming market for refurbished phones, there's never been a better time to start flipping smartphones for profit.

Here’s what we got for you today:

📱 No one can live without a phone, why not supply them?
🤝 Potential Apple x Google Collab we never saw coming.
📺 Mr Beast strikes deal with Amazon for the biggest competition series in T.V history.

Today’s Drop 💼

🛠️ Get it, Fix it, Sell it

🍿 The Big Picture:

Smartphones are no longer a luxury; they're a necessity, with many of us juggling multiple devices.

And the demand starts young, with 42% of U.S. kids owning a phone by age 10.

This widespread need has propelled the refurbished phone market to sky-high values, expected to reach $152.86 billion by 2030.

🛠 The Idea:

Here's the plan:

Buy smartphones at a bargain, spruce them up, and sell them for a profit.

Starting simple, focus on popular models like iPhones, where demand is always high.

Look for deals on phones with minor issues like cracked screens, which you can fix on a budget with a little YouTube education.

As you grow, you can start buying wholesale used phones for bigger profits.

Getting Started:

Market Mastery:
Understand your local smartphone market and set competitive prices.

Deal Hunting:
Scout for sellers eager to offload their phones on online marketplaces. Minor damages mean lower prices and higher margins for you.

DIY Repairs:
Learn basic repair skills online to fix up the phones you buy.

Profitable Selling:
Use platforms like eBay, Amazon, and Facebook Marketplace to sell the phones at a markup.

🔥 Is the Market Hot?

With smartphone adoption soaring and a keen interest in refurbished devices, now's a prime opportunity for phone flipping.

The global market for refurbished and used mobile phones, valued at $64.15 billion in 2022, is on track to more than double to $152.86 billion by 2030.

This booming market highlights the immense potential waiting to be tapped.

🍞 Revenue Potential:

The profit margin per phone can range from $100-$300, offering a clear path to scale up significantly.

A shining example is @nycphonebuyer on Instagram, who has successfully scaled their phone flipping from Facebook Marketplace beginnings to a seven-figure, family-run home business.

🎯 Conclusion:

Smartphone flipping merges the timeless appeal of buying low and selling high with the modern-day necessity for tech.

It's a venture that balances simplicity with the potential for significant earnings.

Whether you're making your first flip or scaling up, the key is offering value to both buyers and sellers, turning used phones into new opportunities.

Tweet of the Day

Midnight Meme 😂

Odd Notes🕵️‍♂️

Snippets from the shadows

  • Apple is in talk to let Google Gemini power iPhone AI features.

  • Mr Beast strike deal with amazon for new show, giving away $5 million cash.

  • TikTok’s new “creator rewards” will be paying content creators based on new metrics including search value.

That wraps up today's business, we'll meet again on the next odd night with more inside news from the family.

Have a business idea that we could feature? Hit reply and share the 411. If we ride with your plan, you'll see your name in the credits. That a deal?

Disclaimer: This newsletter is educational, not financial advice. Exercise caution and conduct personal research before making investment decisions.