How much can you make reselling phones?

A good goal to start with might be ten phones per week (two per business day) with an average profit margin of $50. At that rate you could make $500 per week flipping phones, which amounts to $2,000 per month and $24,000 per year. Double that to four phones per day, and you can make $48,000 per year.

How do I start a phone selling business?

The steps to opening and making money from a small business selling cell phones out of your home may be easier than you think.

1. Decide to stock inventory or use drop shipper accounts.
2. Register to be an authorized dealer of cell phones.
3. Build a website to promote the cell phones and accessories.

How much profit do phone companies make?

Note the difference between markup and margin: markup is how much you increase the price over what you originally paid, while margin is sales less the cost of goods sold. Overall, phone reseller markups range between 25\% and 100\% while profit margins range between 21\% and 50\%.

How much does a phone salesman make?

Salary Ranges for Cell Phone Salesmen The salaries of Cell Phone Salesmen in the US range from $10,001 to $235,823 , with a median salary of $42,850 . The middle 57\% of Cell Phone Salesmen makes between $42,850 and $106,677, with the top 86\% making $235,823.

Is it illegal to buy and sell phones?

“There’s nothing illegal about it. They buy cell phones from one retailer and sell them to another retailer who can sell them for more.” Retailers, wireless service providers and phone makers don’t see it that way.

How can I start my own phone company?

Here’s their strategy in a nutshell:

1. Create a compelling product for tech enthusiasts.
2. Sell it direct as a loss leader.
3. Limit production to create scarcity.
4. Build awareness and demand.
5. Sell profitable related products and services.
6. Scale production once component costs drop.