Amid scarce budget, consumers and businesses are looking for ways to minimize costs and maximize resources. This reality is nowhere more obvious than in the digital age when technologies are fast upgrading in only a matter of months.
One way to cope with this budget reality in the technology world is to buy second-hand laptops, tablets, mobile phones and other technologies. You can also cash in on your used devices by selling them through online marketplaces.
For businesses and consumers alike, however, there should be measures to take into consideration in order to caution against any setback to the enterprise for buying second-hand technologies. One area that needs precaution is in terms of security, and it’s worth highlighting for the sake of maximizing your investment in second-hand technologies. Being used items themselves, the products sold in online marketplaces could come with old defects that might come into notice only later.
Here are some tips we can offer to those looking for new gadgets to buy and those seeking to sell their stuff:
Check for the product’s integrity
Even if you are buying a second-hand item, you should settle for nothing less than the quality you deserve and are paying for. A common complaint among buyers of second-hand products is the noticeable defect in their items.
Make sure you are buying a product that hasn’t lost its physical integrity and remains intact under the hood. Before you make a purchase, do a little research on a product you are eyeing in order to acquire a backgrounder of how this product must look like when in good condition and understand its features and specifications. You can use this information to market the product as well.
Conclude your purchase only in person after initiating the deal online to warrant for the good condition of the product you are buying. You and the seller could set a place for the meet-up.
Don’t buy a stolen product
This aspect is one of the trickiest parts when buying a second-hand product. Avoid falling into legal consequences by making sure you are not buying a product acquired by the seller through illegal means. In other words, beware of stolen products. You can check if the product you are buying is legal or not by visiting databases containing a list of stolen products such as CheckMEND. Enter the international mobile equipment identity number (IMEI) into the search field to initiate the certification process.
Research the market
For those wanting to sell second-hand technologies, consider the market trend for the most in-demand products so your investment in buying them will not go into waste. For beginners, you are always free to start your research of the market with local retail shops and study their pricing and the best-selling items. This will give you an idea about which used phones, for example, are selling hot in the market.
Promote your product
A little advertising strategy will help you to promote your products to potential buyers. This may entail some level of investments. You can turn to Craigslist for free advertising.
The buy-and-sell business model is becoming more profitable in an age when the cost of purchasing new ones is high. You ask the question, why buy a new one when you can get the same value from used products for a lesser price?