It's Time to Pay More Attention to the Used Gadget Market

gadget market tips

Tech companies and OEMs now have shorter product cycles, which means that seeing two new flagship gadget releases every year – and even more for the mid- and low-tier markets – is the new norm. Keeping up with the latest gadgets is getting costlier at the same time, especially with phones such as the Samsung Galaxy Note 8 and Apple iPhone X both breaking the $1,000 psychological price barrier.

On the other hand, the secondhand gadget market is getting more exciting. Instead of picking up a new iPhone 8, for example, a lot of people are going for used iPhone 7 and 7 Plus. It is time to pay more attention to the used gadget market.

Access and Availability

One of the reasons behind the growing secondhand gadget market is accessibility. While seeking used phones and gadgets has always been easy, there are more tools and platforms to help you find the best options, compare alternatives, and find the perfect gadgets to buy.

When searching for secondhand phones on Craigslist, you no longer have to rely on limited search functionality or browse through ads manually. You can now turn to tools such as Zoom the List to perform nationwide Craigslist searches in a more targeted way.

The same can be seen on other platforms too. eBay has a built-in advanced search feature to help buyers find exactly what they want. Other platforms are incorporating better ways to find, sort, and compare used gadgets – and other items – in a more convenient way.

Substantial Savings to Be Made

It is also difficult to negate the fact that used gadgets are far more affordable than new ones. Spending $600 less on a phone that is still very capable for everyday use is certainly more appealing than getting the latest and greatest from top OEMs.

Aside from the lower prices, buyers can now take advantage of special discounts, rebates, and promotional offers provided by the platforms. As listing sites and online directories compete for more traffic, it is not uncommon for them to make these promotional offers available to attract users.

And then there are special offers from credit card companies and other third-party service providers. Trade-ins and cashback deals certainly make buying used gadgets a great way to save a substantial amount of money.

Transparency Wins

The final ingredient that really made the used gadget market popular is transparency. Photos are just the beginning. There are more ways for buyers – and sellers – to check the condition of gadgets they want to buy.

There are also warranties and escrow services, both of which are put in place to better protect the buyers and sellers. That level of safety persuades a lot of people to make purchases, knowing that they are fully covered should the used gadgets not be up to their expectations.

So, is it time to pay more attention to the used gadget market? The answer to this question is a definite YES. You may be able to get some money for your old gadgets too. Find a good platform for buying and selling gadgets and get started right away.

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