15 Jul

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How You Can Make Money With Refurbished Electronics

How you can make money with refurbished electronics?

If your company buys and sells wholesale goods, then you may need to shop around to find more reliable and economical sources of wholesale goods to keep profits high, while also keeping your customers loyal.

To do so, you may need to look into the online liquidation sector. Many electronics surplus warehouses will sell quality refurbished electronics at low prices to maximize your return on investment.

Here, we will look into the benefits of electronics surplus warehouses and how you can make money with refurbished electronics.

The Grade System

Liquidation companies will generally separate their refurbished electronics into three grades, or tiers. For instance, Grade A items are considered to be retail ready, or “as new,” as they have been fully restored in order to meet the stringent requirements of the original manufacturer.

As such, Grade A items have no blemishes, dents, defects, or any other such issue that demonstrates ageing or use. Grade A items will also usually come in their original packaging, and will usually have all of their original accessories or peripherals.

Furthermore, while Grade A items will not include the original manufacturer’s warranty, they will come with a 90-day warranty that becomes valid as soon as the item is picked up.

As for Grade B items, they tend to have minor cosmetic defects, including a minute dent or an odd scratch here and there. However, they are sold in a retail-ready condition, as they have been thoroughly inspected and tested to return them to the manufacturer’s strict specifications.

In addition, Grade B items tend to come with their original packaging in most cases and include a 90-day warranty activated as soon as the item is picked up.

In regards to Grade C products, they have also been assessed, tested, and returned to the original manufacturer’s strict quality standards. However, Grade C items tend to have very visible signs of ageing or use, such as highly visible dents and/or scratches.

Still, most Grade C items will come with their original packaging or sold in a retail-ready plain white or brown package instead. They may also come with their original accessories in some cases, and all Grade C items come equipped with a 90-day warranty like their Grade A and B counterparts.

How to Make Money By Selling Refurbished Electronics

It’s possible to make large amounts of money if you buy your refurbished electronics from an online liquidation company or specialist that is bonded, insured, and reputable. It’s also important to remember that not everyone has the money needed to buy the latest gadgets from Samsung, LG, Sony, or Apple.

As such, you may want to look into the consumer base that wants high-quality gadgets, but that doesn’t want to break the bank to enjoy modern electronics. Many consumers simply want reliable, high quality, and modern electronics that do not cost excessive amounts and may be willing to deal with minor cosmetic imperfections, such as a scratch or dent, if it means having to pay significantly less on their item.

Thus, by buying your refurbished electronics from a reputable liquidation firm with a proven track record of success, you will be able to sell products to a very diverse clientele. They may fit into categories A, B, or C, with each category of consumers having different needs and budgets. Here, the goal is to appeal to as many different demographics as possible, allowing you to tap into multiple markets, thus maximizing your revenue streams in the process.

Moreover, because you have opted to purchase your electronics from a live liquidation auction, or have managed to obtain your goods at a negotiated or fixed price, you will end up buying said goods for a price that is actually much lower than their market value.

As a result, you will be able to stay one step ahead of your myriad competitors, as you will be able to sell your goods at a much lower price than the competition. As well, you’ll also be making enough of a profit to keep your business in the black.

It’s important to remember that the biggest and most reputable companies will only sell electronics that have been assessed, tested, and restored to the original manufacturer’s specifications.

They will also provide you with a wide range of goods, with each being backed with a 90-day warranty for peace of mind. As such, purchasing your refurbished electronics from a reputable liquidator is arguably the most reliable and cheapest way to buy a large amount of high quality refurbished electronics at low prices that you simply cannot get anywhere else.

Final Thoughts

In sum, buying your refurbished electronics from a reputable and large liquidator is arguably the best way to gain access to thousands of high-quality electronic goods at very low prices. Thus, allowing you to pass on the savings to your clients, who will thank you by being loyal to your business, and ensuring a steady flow of revenue for years to come.

As such, electronics surplus warehouses allow you to enjoy the best of both worlds by buying brand name goods at various grade levels at very low prices, while also providing your customers with reliable, premium-quality products at prices well below retail.

Michaels Global Trading

If you would like to take advantage of our liquidation boutique services, then please visit our website. Michaels Global Trading is a fully bonded and licensed company that provides electronic liquidation services.

Our specialists will also work with you through every step of the process, helping take care of disassembly, removal, packing, and transport of all of the machinery or equipment you wish to sell to our monolithic electronic surplus warehouse.

We can also be reached at 888-471-5066 if you would prefer to discuss your liquidation needs over the phone.

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Marlon McPherson is the CEO of Michaels Global Trading, certified appraiser and liquidator in Toronto, Ontario. With over 7 years of experience in the industry, he has worked with companies such as Druxy’s Deli, Blackberry and Thomson Reuters. Marlon is very involved in the day to day operations of MGT from marketing messages to sales meetings. When not working Marlon enjoys spending his time wine tasting, travelling and cooking at home with his family.

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