In this guide, we explore the top-selling iPhones in 2022 and why they are so popular. Additionally, we will walk you through the process of buying iPhones wholesale to resell for profit.
iPhones - The World’s Top Selling Phones in Numbers
Apple generated $365 billion in revenue in 2021; 52% came from iPhone sales
Apple’s iPhone claims a 23.4% global share of the smartphone market, more than any other handset manufacturer.
Throughout 2020, iPhone shipments reached approximately 200 million units. Shipments were up 7.9% compared to the previous year.
iPhones account for 65% of smartphone shipments in the United States (as of Q4
So now that you’ve sourced your wholesale electronics merchandise, where are you going to resell it? To answer this question, you need to consider what business model suits you best. Do you prefer to deal with customers in person, or would you rather sell online? Or maybe a mix of both? This article will cover all of your options.
How to Sell Wholesale Electronics Locally
Many customers prefer to shop in-person, allowing them to check products and deal with people directly. Selling in-person in your local community gives you the opportunity to hone your social skills. Good customer service will allow you to create repeat customers and attract new ones through word-of-mouth.
Retail Space
One popular option for selling locally is setting up your own retail space. Having your business located in an area with high foot traffic or close to a heavily trafficked roadway is ideal.
After buying your merchandise, you need to arrange shipping. You may choose to shop around for a provider that meets your needs at a competitive price. Alternatively, you may simply let GO Wholesale help you with your shipping arrangements.
To make informed decisions regarding shipping, however, you need to be familiar with some key aspects of the process, like the distinction between parcel and freight shipping.
Parcel Shipping
According to top carriers like the US Postal Service, UPS and FedEx, the difference between parcel and freight shipping is based on weight and size. A parcel has a length to girth ratio of between 130” and 165”, and weighs up to 150lbs. Anything above these limits is classed as freight.
One major step in the process of setting up a business is figuring out your tax obligations. Although the regulatory framework is fairly similar across the United States, this can be a complex matter as different types of businesses may have different requirements. The registration process and tax obligations may also vary from state to state and even from one city to another.
Sales Taxes and Exemptions
If you are a seller of tangible goods, chances are you are required to pay sales tax. The rate may vary from one state to another, with Delaware, Montana, Oregon, New Hampshire, and Alaska having a 0 percent sales tax. You may be looking at a tax of anywhere from 3 percent to 12 percent in other states. However, if you are conducting a resale business and buying stock for resale purposes only, you can apply for a sales tax exemption certificate.
What are refurbished computers? Why should you trust them - for your own use, or for resale? Why should you consider refurbished computers rather than new? Where can you buy refurbished computers in bulk? We will discuss the answers to these questions and more.
The Growth in Sales of Computers and Laptops
The year 2020 brought about many changes in our daily lives. One of these changes was to the workplace. The Coronavirus pandemic forced many companies to lay workers off, while many of those who kept their jobs transitioned from an office setting to work from home. There is evidence that the effects on work-life may be permanently altered after the Coronavirus pandemic.
In addition, we also saw the rise of home-schooling as schools were closed. As a result, one shared family computer was no longer enough, and consequently, the demand
The Sony PlayStation 4 has proved to have remarkable lasting power. New units are still selling in high numbers despite the console’s successor, the PlayStation 5, having been released in 2020. Worldwide, the PS4 has sold a whopping 114 million units over the course of its lifespan, making it the second-best-selling console of all time after the PlayStation 2.
For resellers of consumer electronics, is the PlayStation 4 worth investing in? While sales of brand new Sony PlayStation 4 units may inevitably start to slow over time as more and more gamers turn their attention to the console’s successor, there are still plenty of customers out there wanting to get their hands on a Sony PS4, especially since Sony ann
If you sell or are considering selling refurbished smartwatches on Amazon, what are the top-selling models you should be looking out for in 2021? Where should you be sourcing them from to ensure you pay the lowest possible prices, maximizing your chance of making a healthy return on your investment? Let’s take a look.
The US Smartwatch Market In 2021
The modern smartwatch revolution began in 2014 with the launch of the Gear S. by the South Korean electronics giant Samsung. Apple would not launch its first smartwatch until the following year. Reviews for the Apple Watch Series 1 were mixed, with many critics citing poor battery life and hardware problems as serious issues.
Despite the criticism leveled at the first-generation Apple Watch, early signs that it was here to stay were good, with 2015 sales of 4.2 million and 11.5 million Apple Watches shipping g
Over the years, Amazon has elevated the quality of its services and the products it provides to a very high level. Now, when you are selling merchandise online, it is impossible to look past Amazon as a primary option. However, there are certain things you must learn before setting up an Amazon account as a seller, especially regarding fulfillment.
In this article, we will look at a couple of fulfillment options available on Amazon. We will also look into the potential Fulfillment by Amazon (FBA) wholesale suppliers you can work with to stock your store with consumer electronics.
Amazon offers Fulfillment by Merchant (FBM) and FBA options
As a seller you can use either FBM, FBA or a combination of the two
91% of Amazon sellers use FBA
Refurbished consumer electronics can be sold on Amazon
When considering new business options you can start on a limited budget, reselling merchandise has become a particularly interesting option. Reselling merchandise you purchased at a low price is the sort of business you can run (on any scale), from purchase to sales, from the comfort of your home. However, jumping headfirst into a business will bring you more trouble than profit. In fact stats show that around 20 percent of businesses close their doors one year after starting up. Only 30 percent of businesses survive their first decade.
In fact, if you are employed currently and are not sure whether you should leave your job and explore the entrepreneurial waters full time, starting your resale business on the side would be the best option for you, at least until you find the right market and business model to commit to.
Customer behavior has changed over the course of 2020. The outbreak of the Coronavirus pandemic led to a large number of people being forced to work from home. This resulted in a shopping spree for laptops and other devices. Stores were soon out of stock when it came to brand new models, or, at least out of those models that were accessible to average buyers.
This led to a rise in popularity in the resale industry, and saw a large increase in demand. The average buyer turned to refurbished electronics for their home office needs. If you are a reseller who offers, or is considering offering, refurbished electronics, and is looking for a reliable source to load up on inventory, you’ve come to the right place.
