Sell Used Appliances - Business Ideas

Updated: September 15th, 2022
A Sell Used Appliances

Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.

The global second-hand appliances market is flourishing rapidly due to the rise in the income of lower-class consumers. Further, the global market for second-hand appliances is anticipated to achieve a Y-O-Y growth rate of 7.45% in the next few years.

With the growing need for appliances rising, starting a used appliances business can be a way to earn extra cash or even a side hustle.

To get started, target the areas with a growing population or middle-income areas where consumers choose to save money on appliances by opting for gently used or refurbished appliances. Then, register your used appliances business and create a business plan.

Find an ideal location and complement it with an online presence.

You may purchase used appliances from the used appliances stores, social media sales pages, auctions, estate sales, and auction websites such as eBay.

Ing a sell used appliances requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell used appliance, or selling used appliance online, you can use this page as a guide for everything you'll need to know.

Key Stats

market size
$12.6B
starting costs
$13.7K
gross margin
40%
time to build
210 days
growth
Organic social media
business model
Subscriptions
time investment
Full time

Startup Costs

Min Startup Costs Max Startup Costs

Office Space Expenses

$0

$7,000

Inventory Expenses

$350

$14,750

Software Expenses

$150

$2,794

Website Costs

$13

$215

Advertising & Marketing Costs

$0

$2,450

Total Startup Costs

$513

$27,209

Successful Businesses

Business URL Rank

Carousell

carousell.sg

4,682

J.D. POWER

jdpower.com

23,746

GOOD APPLIANCE

good-appliance.com

1,906,297

Neu Appliances Austin

neuappliancesaustin.com

2,480,611

Apex Used Appliance Control Boards

apex-used-appliance-control-boards.com

3,133,161

Bowest Appliances

bowestappliances.ca

3,252,990

Appliance Exchange of Utah

applianceexchangeofutah.com

3,335,364

Appliance Recycler

appliancerecycler.com

3,739,596

ABC Sales and Service

abcsalesandservice.com

3,931,318

Brisbane Appliance Sales

brisbaneappliance.com

4,521,439

The Used Kitchen Company

theusedkitchencompany.com

4,774,275

Pros & Cons

Pros Description

Flexibility

You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.

Ability to start your business from home

It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!

Little startup costs required

The cost to start a sell used appliances costs significantly less money than most businesses, ranging anywhere from 12 to 27,209.

Rewarding work

Starting a sell used appliances can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.

Scalable

With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.

Traffic to your website

A sell used appliances gives people a reason to visit your website and to keep coming back to you!

Cons Description

Crowded Space

Competition is high when it comes to your sell used appliances, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.

Finding The Right Supplier

Most businesses in this space go the supplier/manufacturer route, which isn't a bad thing! However, finding the right supplier can take a lot of time, energy and trial/error. If done properly, this process can save you months (if not years) of time and energy. More on this below in the "finding a supplier" section.

Security Issues

With any Saas business, data loss and security issues may arise throughout your process of building your product. It's critical that you understand exactly what you're responsible for and how to avoid potential issues down the road.

Lack of benefits

With a sell used appliances, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.

Isolation

Often times, as a sell used appliances, you typically work alone and do not have much face-to-face interaction with other team members.

Taxes

As a sell used appliances, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.