Buying Pallets of Refurbished Apple Watches Online for Resale

If you are looking to start an online selling business that includes Apple watches, you should seriously consider sourcing your inventory from online liquidation companies. They are the best sources for cheaper refurbished electronic products which you need to be profitable and competitive. Apple watches are one of those products that have become more of a social norm or fashion statement.

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So Why Apple Watches?

You will definitely have a large market in selling Apple watches. According to 2019 data from the NPD Group, Apple smartwatch is the clear leader in the market. Another data from Strategy Analytics reveal that a total of 22.5 million Apple Watches were shipped in 2018. This accounts for around half of total smartwatch shipments during that year. In terms of market share, Apple has about 50% share of the smartwatch market. The demand for these products are high, and as such, you can expect to face stiff competition.

A ranking of the best Apple watches for 2019 conducted by Trustedreviews.com placed the Apple Watch Series 4 at the top spot. It is followed by Apple Watch Nike+ Series 4, the Apple Watch Hermès Series 4, the Apple Watch Series 3 and the Apple Watch Nike+ Series 3.

The Truth About Refurbished Electronic Products?

Most customers often associate refurbished products with broken products. While it is true that some refurbished products might have been damaged at some point, liquidation companies put them through a strict refurbishing process before they are sold. They test every item to ensure they are in working condition. Every defective module is replaced with functional parts and each product is shipped to their customers with the original operating system.

Moreover, a significant portion of refurbished products are those returned unopened and unused by customers. They were returned for different reasons. Sometimes the wrong product was delivered, sometimes the buyer has received another product while waiting for the delivery or sometimes the buyer just want to return the product. They are essentially new, but retailers can no longer sell them as new again. Liquidation companies sell these items with as much as 80% discount and Direct Liquidation offers a 90-day guarantee on refurbished products.

Where to Buy Refurbished Apple Watches in Bulk?

The best option is to use liquidation platforms, like Direct Liquidation. They can offer prices that are even lower than typical wholesale. This is because they do not buy their own inventory like wholesale suppliers and only serve as platform that allows manufacturers and retailers to sell their products directly to you. Direct Liquidation has exclusive contracts with top US retailers. 

Despite this, you still need to do your research to find reputable liquidators because not every one of them can do a job in sourcing and selling quality refurbished items. The reputable companies, such as Direct Liquidation, will always pass the ‘manifest test’, which means that they provide an accurate description of the quality and quantity of the products in every sorted pallet.

Tips for Purchasing From Online Liquidators

1. You should have a resale certificate because it is required by most US-based online liquidation sites.
2. You should control your costs because buying and selling refurbished products can be time consuming.
3. You should thoroughly inspect the manifest.
4. You should read the grading specifics.
5. You should consider your shipping costs.

You should also work out if you can order in larger volumes. Buying in wholesale pallets can give you a price advantage but buying truckloads can give you additional savings in shipping costs. This will lower your total costs per unit and increase your profitability.

Marketing and Reselling Apple Watches

The keys to success in selling refurbished Apple watches are to ensure that you have high quality products and to engage in the right marketplace. You should carefully choose where to sell your products and make them available to your potential buyers. There are several free listing websites such as Amazon, AtOncer, eBay and Craigslist where you can list your products. You should also be honest about the functional condition of your products because customers are very cautious in buying refurbished items.

When reselling, you might think that offering the lowest price for your products will automatically bring the customers flocking to you. You would be wrong. Sometimes when people see a low price, they usually suspect that something is wrong with the product. So, keep your prices just below your competition and invest in some form of advertisement. Once you get the word out about your products and customers start coming in, you should strive to keep them by providing them with quality products and quality services.

You should also consider reaching out to the overseas market. People in many countries, like India and Brazil, do not have easy access to buy Apple watches. And sometimes the products available to them are very expensive. You can tap this market by providing them with an affordable option. Just be sure to understand the export and import laws in your target countries.

Tips for Managing Refurbished Products Sales

Here are some suggestions on selling your refurbished products.

1. Identify the best channels/marketplace and customers for reselling refurbished electronic products.
2. Empower your customers to return defective products through a convenient return process.
3. Let your customers fill out documentation forms about returned defective products.
4. Create a process for checking and fixing returned products.
5. Understanding the typical pricing of refurbished items.

Direct Liquidation is a goTRG company.

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