In our opinion, electronics is a super reselling niche that can generate good profits. The niche is very large, typical items are smartphones, cameras, consoles, and games. In this article, we would like to take a closer look at electronics and explain why this niche is very suitable for reselling.
Advantages of electronics products
Unlike some other niches like sneaker reselling, electronics items have some advantages that we’d like to take a closer look at.
High number of deals
There is probably hardly any niche for which there are as many offers as there are for electronics. Of course, there are a lot of “bad” offers, but if you keep your eyes open regularly, you will often find very good discounts and deals.
High demand for electronic items
The demand for most electronic items is very high, which means that you can get rid of your goods very quickly. A rare Lego game, for example, is certainly less in demand than a Playstation 4. Of course, the goal should always be to get rid of the goods as quickly as possible, as this will increase your liquidity and ultimately generate more profit. If you want to learn more about this, you can read the article about more liquidity when reselling.
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Good price comparison
Electronic items usually have clear specifications and are very comparable. Coupled with the fact that there are usually very many offers and the market is very liquid, this means that price comparison is often very easy. It is therefore very easy to determine the actual market value of a product. Here is an example:
If you search for an iPhone 6S Plus with 64GB (condition: new) at Idealo, the new price can be determined very quickly and reliably at online retailers.
However, since these prices usually come from huge online retailers, these are not the prices you can charge as a reseller. For this, it is worth a short search among the ended offers on eBay:
But you can now expect to get at least 300$ for this specific iPhone. If you subtract your costs and a profit markup from that, you know how much money you have to buy it to make it worth your while.
Of course, you do this in other niches as well, but the point is that price comparison is especially easy and reliable for electronics items because there is simply the most data.
Many stores and shopping opportunities
The last advantage is that there is simply a huge variety of stores where electronics items are available. Amazon alone regularly offers many deals that are perfect for reselling. Besides Amazon, there are of course many other stores, such as Mediamarkt, Expert, Notebooksbilliger, and so on. If that’s not enough, you can also find enough second-hand goods at flea markets and auctions.
Reselling tips for electronic goods
Even though electronics are great for reselling, there are a few things you should be aware of.
Very large products (e.g. washing machines, ovens, etc.) should be avoided as much as possible because it is a big logistical effort for you to receive and ship them again. In addition, shipping is also extremely expensive here, which would greatly reduce your profit.
Electronic products are usually comparatively expensive. That’s why it’s even more important that you only send the products to your customers insured and with a tracking number. This way, you prevent the package from getting lost or damaged and causing problems afterward. Insured shipping is also very beneficial for customer satisfaction (and thus also for your ratings).
Many offers ➔ Many bad offers
There is hardly a niche where there are as many offers as there are for electronics. Mediamarkt seems to be having a permanent sale, and Amazon seems to be offering a constant stream of discounts. However, most of these offers are simply marketing and are not suitable for you as a reseller. So you should definitely compare prices so that you are able to distinguish a good deal from a “marketing offer”. In the end, there are still a lot of good deals out there, you just need to know how to find them. The deal finder we created can help you with that, as most of the “bad” deals are detected and filtered out. It identifies daily price mistakes and special offers that are great for reselling, and you’ll be notified immediately via push notification on our free app.
Unfortunately, the search for attractive deals is very time-consuming. That’s why we have developed a free app that informs you daily about the best reselling deals. Download it now for free and become a reseller!