Electronic items are being replaced with arrival of new models and a great business opportunity lays hidden in the segment.
Imagine the number of second hand phones lying with an individual as selling the second hand phones require a lot of effort. The same can be also stated about the second hand laptops. Thus all those entrepreneurs looking to make a mark for themselves can make this section a big business for them as one can buy second hand phones and laptops at throw away prices.
Presently two entrepreneur are working in this section namely ynew(dot)in and recommercehub(dot)com. Ynew(dot)in is of the opinion that selling second hand phones on an ecommerce platform may not be viable as people like to take a look at the old stuff before buying and they do provide warranty on their second hand products. Thus they have set up a brick mortar office at Hyderabad to sell their stuff.
On the other hand recommercehub(dot)com has started in Bangalore and they go to the seller house to collect the saleable phones. However prior to that you have to come to a deal on their site by telling few facts about your phone.
This appears to a hidden gem as resused items business is more than $5 Billion in India and if you have an entrepreneur waiting for you, than you can lap it up as still no entrepreneur has come with full throttle to cover whole India or atleast the metros.
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