Sell Used Appliances - Business Ideas
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
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. |
Hey! 👋 I'm Pat Walls, the founder of Starter Story.
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