I have a question. Do you know how to sell things online? When you buy something, do you use it until it’s broken or do you look for a time to sell and get a decent return so you can upgrade? I know that it might sound like a very strange question in the PF world; especially since most of us look to get the longest use of all of our products and the fear of having debt makes us not enjoy the little things in life. But it’s a valid question, I promise.
You might be wondering WHY I would even ask such a question. Well, they answer is simple. I like new and shiny things, but I hate full price for anything. That pretty much sums it up.
I’ve been able to upgrade my cellphone to the latest model for years without using up my hardware upgrade, locking myself into a new contract, or paying full price for a phone.
Facts that you should know if you want to sell things online (cell phone in particular)
- What is the average price point of mobile phones on Kijiji?
- Overall – $251.38
- All iPhones – $299.30
- All Samsung Galaxy phones – $321.59
- All Blackberry phones – $194.21
- What is the most popular mobile device on Kijiji based on search queries?
- iPhone 5
- iPhone 4s
- iPhone 4
- HTC One
- Samsung Galaxy S4
- Samsung Galaxy S2
- Nexus 4
- Samsung Galaxy S3
- Blackberry Z10
- Blackberry Q10
- What are the 3 most popular cell phones available for sale on Kijiji?
1. iPhone 4
2. iPhone 5
3. iPhone 4s
4. Samsung Galaxy S3
5. Samsung Galaxy S4
6. Blackberry Z10
7. Blackberry Bold 9900
8. Samsung Galaxy Ace
9. Samsung Galaxy S2
10. iPhone 3GS
How many mobile phone ads are currently listed on Kijiji?
74,653 cell phones Canada wide
You may not know how to sell things online yet, so here are a few of my little tips and tricks that I use to upgrade my electronics, cars, cameras etc.
Timing: This is the most important part of any transaction. For example, if you know that a new device is coming out shortly, you may want to list the product that you have before that. IE.when the latest version of the Canon camera launched, the value of the previous model plummeted. As a buyer you can wait for a few days or ever weeks after but as a seller you need to sell before a new model comes out or as close to the date as possible. This will allow you to get the most money for your product.
Research: What price point do you want to sell your product at? If you price too high, you’re not going to get any offers, if you price too low, you leave money on the table. The key is to check on various websites and see what the going rate is and price around there. For example, if I see that 9 phones are listed for $400, I would price mine for $395 so I have less competition and I’m okay with the $5 dollar loss. The great thing about pricing slightly under is that most people don’t want to barter with you. There are tons of sites that allow you to check the prices of your products ranging from cellphones to cars. RACQ’s car price estimator is great if you’re in the market to sell and upgrade your car.
Market: Knowing where you’re going to sell is one of the key components if you want to learn how to sell things online. My rule of thumb is to sell in a smaller market, and buy in a bigger. It’s basic supply and demand. Market also means knowing what website you use to sell your product. You can list something with mass appeal on Craigslist or Kijiji, but you have to find a specific forum for selling an expensive pro camera. Knowing your market saves you a lot of time, and frustration.
Appearance: This is pretty basic, but PUT PICTURES in your ads.If your product is brand new, then you might even be able to get away with using an online product shot, but if it’s a car for example, then post as any pictures as the site allows to make sure that your potential buyers don’t harass you with basic questions. Speaking of questions- write all the information that you would want to know in your ad, and be honest.