Cell phones have become an essential item to operate in day-to-day life. Smartphones have made these accessories more than just a means of communication. A survey shows that more than 6.6 billion cell phones are used every day.
The never-ending demand is the reason behind the massive profitability of the cell phone industry. According to Mordor Intelligence, the global market value of cell phones was calculated at $378.29 billion in 2020. This value is forecasted to increase at a CAGR of 6.85% and reach $493.13 billion by the end of 2026.
As a wholesale dealer of cell phones, you should have all the knowledge about the latest cell phones in the market. This way, you will be able to stay ahead of your competitors. There are four types of cell phones, and you should keep them all in stock to fulfill your customers’ needs. The types of cell phones are:
- Dumb Phones
- Watch phones
How to Choose a Cell Phone Wholesaler?
You should consider the following factors in order to choose a wholesaler:
- Fair Pricing: Ensure that you are getting your cell phone stock at fair prices. You should check the market rate and compare the wholesale prices. Choose the wholesaler that provides a great combination of quality and value.
- Clear Grading System: When you get a stock of used cell phones, then the wholesaler is obliged to tell you the efficiency and condition of the phones. They convey this in their stock through a grading system. Many cell phone wholesalers provide either used to refurbish cell phones. So, it’s always great to know the condition of a stock before you commit to buying it.
- Return and Exchange Policy: Several wholesalers do not offer a return policy to customers. If you choose a wholesaler with no return policy, then it puts you at risk of getting defective products. So, always choose a wholesaler who either offers a good return exchange policy or is reputable enough that you can trust them without it.