---
title: The Million-Dollar Business You Can Build From Your Living Room | Trends
description: Today’s smartphones last far longer than their 1st-gen predecessors -- and that means a growing market for second, third, or even fourth-hand devices.
image: https://www.nlopchantamang.com/hubfs/Imported_Blog_Media/lrg-Cracked-Phone_20190723021340-4.jpg
---

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# The Million-Dollar Business You Can Build From Your Living Room

[ by Aja Frost @ajavuu ](https://www.nlopchantamang.com/trends/author/aja-frost-ajavuu)

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**What you need to [know](https://trends.co/articles/july-30th-2019/?preview_id=1809&preview_nonce=959fb6bbdb&preview=true):**

- In 2017, global revenue for used smartphone sales was close to $20B. It’s expected to hit [$44B by 2025](https://www.persistencemarketresearch.com/market-research/refurbished-and-used-mobile-phones-market.asp).
- The used smartphone market is expected to grow 4-5x faster than the overall smartphone market, with an anticipated 50% YoY growth in units sold.
- As of 2016, analysts predicted about 50% of old smartphones were traded in for new smartphone credits with manufacturers or carriers, while [the remainder were sold](https://www2.deloitte.com/me/en/pages/technology-media-and-telecommunications/articles/tmt-pred16-telecomm-used-smartphones-17-billion-market.html) to retail shops, second-hand device specialists, or online.

**How you can capitalize:**

- *For sellers:* A phone retailing at $880 new can fetch as much as $440 in a secondary sale — particularly on newly-mobile overseas [markets in India and China](https://asia.nikkei.com/Business/Business-trends/China-emerges-as-center-of-thriving-used-smartphone-trade).
- *For builders:* Fixing and flipping newer phone models can generate 54%+ profit margins per unit. To make $1k a month, you’d need to fix and flip about 25 cracked iPhones (a little over eight hours of labor).
- *For investors:* The market is still highly fragmented. There’s plenty of room at the top for brands that can win buyer/seller trust and own the end-to-end repair and resale process.

* * *

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**What you need to know:** 

[ Aja Frost @ajavuu ](https://www.nlopchantamang.com/trends/author/aja-frost-ajavuu)  Jul 30, 2019 4:14:53 PM