Ever considered selling refurbished electronics online? If not, then now is the time to jump up the bandwagon and earn some extra bucks. According to industry estimates, the size of the refurbished electronics market is worth around 1000 crore globally, especially since the industry is nowhere near decline(1).
But, before getting into this popular online side business, it’s important to keep the following tips in mind.
Tips to start an online side business of refurbished electronics:
Know your products: It’s very important to know the kind of products that are easiest to sell. Some of the most popular items that people typically want to buy refurbished include: computers (both desktops and laptops), tablets, cell phones, video game consoles, TVs, computer monitors, stereos and speaker systems.
Source it from the right place: There are lots of places where you can find electronic items to refurbish. You can start by asking your friends and family members if they have any broken electronics they’re planning on getting rid of. Most people will give them away and just be happy to have them out of their basement. You can also reach out to online marketplaces to find broken electronics. Many people post their items on there for free and just want someone to come pick them up. Even the local junkyard can provide reusable items. Buying local eliminates waste and saves you time since you don’t have to wait days or weeks for products to be shipped to you.
Fixing the problems: Once you’ve found items to refurbish, it’s time to start diagnosing and fixing the problems. Some common, easy-to-fix issues that come up when you’re trying to refurbish electronics include: broken, snapped, or frayed cords, dirty circuit boards, badly soldered joints and broken or fried switches. You can hire a mechanic for repair work or go through online forms and manuals to do it yourself.
Complete disclosure: While listing electronics items for sale, make sure that you mention the fact that it is refurbished very clearly. Even though everything is working fine, customers still appreciate transparency. Nobody wants to feel like they’ve been tricked into buying a product that may have something wrong with it. Don’t worry about your sales dropping when you list items as being refurbished. There are plenty of people wanting to save money by purchasing refurbished electronics. They just want to know the accurate details.
Put a money back guarantee if possible: If you really want your side business of selling refurbished electronics online to do well, try to offer a money back guarantee if an issue does arise with your product. This is a good business practice which establishes your credibility in the online domain and people are most likely to buy from you in the near future.
Why the Amazon platform ?
Now that you know more about how to refurbish electronics and sell them, it’s time to get to work. You can be a part of an exclusive program and leverage Amazon’s trusted e-commerce capabilities that enables you to sell refurbished electronics to hundreds of customers across its global domain. Just register here and start selling and growing your side business.
(1)Source: USA Today: HOW TO REFURBISH ELECTRONICS FOR CASH