Saturday, March 30, 2013

Cashing in on Mobile Phones

Most people cannot live without their phones. 

They like the convenience of talking on the road and the safety it provides in an emergency.  But did you know you can do more?  You can.  In fact, you can make money with mobile phones, here are five options to consider:

1 – Open a Mobile Phone Store
If you want to capitalise on the popularity of mobiles, you should sell them.  You can do so through an online store, a brick and mortar store, or both.  When selling mobile phones, you find a wholesale supplier with cheap prices and buy phones and accessories in bulk.  You then, in turn, sell them to consumers.  If operating a full-time store, you can develop a partnership with providers to not only sell phones, but plans too.  In this aspect, you not only make money through the phones, but commission with plans too.

2 – Open a Franchise Store

If you don’t want to spend months developing a business plan or researching wholesale suppliers, you can opt for a franchise opportunity.  A number of well-known and reputable mobile phone stores have franchises available for sale.  With a franchise, you are in charge of your store, but you get a solid business model to follow, as well as other helpful, profitable tips and support.

3 – Sell Mobile Phones Online

If you want to sell mobile phones full-time, you are encouraged to have both an online store and a brick and mortar store.  On the other hand, if you are only interested in working part-time, you can turn to the internet.  Instead of operating a functioning store, you can rely on other websites to help you.  These websites may include,, and so forth.  Also, many message boards have buy, trade, and sell sections.  This approach is nice, as you do not need a shop full of mobile phones.  You can sell them as you buy them.

4 – Work as an Affiliate Seller

If you want to make money with mobile phones, but do not have the financial resources needed to buy products to sell, consider affiliate programs.  By working as an affiliate, you partner with a company.  That company gives you text links, banners, coupon codes, and more.  You place these on your website.  Each time a sale is made, you generate income. Your startup costs are low, as affiliate programs are free to join.  All you need is a website with applicable content.  Good topics are those that focus on mobile phones and accessories, such as product reviews and buying guides.

5 – Through Website Advertisements

Many well-known cell phone providers and mobile phone stores pay you commission for each sale you help to generate.  In addition to this approach, you can outright sell advertisements.  For example, you can charge $25 a month for good advertising space.  This does not seem like a lot, but it will significantly add up with the more space you sell.  With this approach, you earn money each month even if a sale isn’t generated through your website.

As for which approach is best for you, it depends on what you want out of life,
 the choice is yours.

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