Of 810 phones that were sold over a month long analysis, out of a total of 4,827 for sale, here is the breakdown of the reason given for selling:
- 26% Upgrading to better phone
- 13% Need money
- 12% Unlocked resale service
- 12% Switch to different service
- 05% Got as a unwanted gift
- 03% Damaged
- 02% Downgraded
- 27% No reason given / Other
Start-up Business Idea
An enterprising person could buy cell phones from people upgrading their phones at the store and then resell them on a classified ad site.
The data for this analysis was taken from http://www.nearbyitems.com/ over the period of Nov 1, 2009 to Dec 1, 2009.
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