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Where the hell these guys buy their smartphone stock?

Discussion in 'BlackHat Lounge' started by Corydoras007, Mar 13, 2017.

  1. Corydoras007

    Corydoras007 Regular Member

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    Was window shopping on ebay and saw some sellers selling iphones, samsung s7s , and etc.

    I look at how many available they have in stock and it looks like they have over a hundred in stock with sales of at least 10 a day.

    It gets to me because they offer phones in different colors, data storage sizes, and etc. They aren't the regular dudes that want to sell their old phone on ebay. These guys with the huge stocks are actually shops.

    If I wanted to get in this niche, where do I get my phones from... specifically iphones? Are they dropshipping? Or do they actually buy from a wholesale supplier?

    I googled some iphone wholesale suppliers and the prices on ebay still beat those sites I found online.

    Any info will help me learn a lot.

    Thanks.
     
  2. HTX

    HTX Newbie

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    For the longest time there have been phone flippers who have poor and underprivileged people who don't care about their credit ratings, to sign up for new phones (and the new phone plans) and then taking the phone from them for far less than the phone's value. I can't link to it, but below is an article about it from CNN Money from 2014 -

    New scam targets homeless
    by Blake Ellis | February 26, 2014: 8:03 AM ET

    "This is one of the most heartless scams I've ever seen," said Joe Ridout, a manager at Consumer Action. "They're preying on a person's desperation and making the prospects of that person improving their livelihood much worse by destroying their credit rating -- causing them to face barriers getting a job, getting an apartment."

    Rita Purcell, a 49-year-old from Boise, ID, said she and a friend were walking back to a homeless shelter after buying cigarettes when two men drove up in a car and asked if they wanted to make some quick cash.

    At first Purcell liked the sound of it, but she became wary once they began asking for her Social Security number and other personal information to check her credit. She ended up signing contracts for eight phones, and the men gave her $100.

    A few weeks ago, when applying for affordable housing, Purcell discovered through a credit check that she had debts totaling $5,000 from Sprint and Verizon that had been sent to collections. Her application is still being processed, but now she's worried she won't qualify.

    "I'm homeless, I'm on fixed income, and now I've got thousands of dollars in phone bills when there's no way I can pay for anything," Purcell said. "I'm screwed as far as my credit report goes."

    Boise Police Department officer Tom Shuler said that in early February, three men were in town offering people money for opening cell phone contracts. He said they would pick up people from shelters and call Verizon to do credit checks -- to find out if they qualify for a phone line and how many phones they qualify for. Then they would drive them to the local Walmart to pick up the phones.

    Many retailers will sell you as many phones as you want, as long as you have decent credit -- and even a very limited credit history is often acceptable.

    While some homeless folks are likely knowingly complicit in the fraud, others may not understand that what they're doing is wrong or that it could have major repercussions.

    "[Among the homeless], you've got the guys who have alcohol problems, the guys down their luck and the guys with mental illness -- it's quite the spectrum, but when you flash $100 or $150, that kind of overrides common sense," said Shuler.

    The Boise Police Department caught the ring leader involved with the scheme, but they were unable to charge him with anything, because it wasn't technically considered theft or fraud since the homeless people had willingly bought the phones in their names.

    Shuler said the ring leader told him that he started in California and has been stopping in every state to pick up cell phones -- acquiring hundreds of phones and then sending them overseas -- receiving thousands of dollars in exchange.

    Reports of the scam have been surfacing in other cities as well -- including Memphis, Tenn. and Overland Park, Kan.

    Last year, police in St. Louis, Mo., caught two men who had picked up homeless people at a shelter, paid them each $100 to set up cell phone contracts at Walmart and dropped them off at a liquor store, said Andrew Soll, a detective at the St. Louis County Police Department.

    The officer followed the scammers' van to a motel, where he found a bed covered in heaps of brand new iPhones and Samsung Galaxies. The two men were taken into custody, and one was sentenced to six months in prison, while the other man is under probation for five years. But the men claimed to be part of a larger network, so there are likely many more scammers out there, traveling from city to city and continuing the scheme, said Soll.
     
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  3. PowerPath

    PowerPath Regular Member

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    You can buy Iphone 6 from Aliexpress, it probably is not dropshipping but with smaller shops (less feedbacks) it may be.
     
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  4. Corydoras007

    Corydoras007 Regular Member

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    Thanks Powerpath... looked through aliexpress and the proft margins are just alright. Saw a used Iphone 6+ for $379. Best deal I can find on ebay is $408 and that' with free shipping too.

    So around $30 profit minus the shipping a sale. Interesting. Thanks.
     
  5. Enigma32

    Enigma32 Regular Member

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    I would guess that a large number of them are carded (stolen credit cards) rather then bought wholesale.
     
    Last edited: Mar 14, 2017
  6. PowerPath

    PowerPath Regular Member

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    Not from big and trustworthy Aliexpress dealers
     
  7. Corydoras007

    Corydoras007 Regular Member

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    You know any trustworthy dealers? I went on Alibaba and the ones I've contacted seem a bit untrustworthy.

    The deal looks good but won't accept paypal, only Western Union, they copy an paste their item description from other sites, and etc.
     
  8. darkhorse30

    darkhorse30 Regular Member

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    alibaba is full of scammers beware
     
  9. Corydoras007

    Corydoras007 Regular Member

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    Thanks. This confirms my suspicions.
     
  10. savobaby

    savobaby Regular Member

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    From the back of a truck mate
     
  11. Corydoras007

    Corydoras007 Regular Member

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    It doesn't have to be iphones and wondering now, where do people get wholesale stuff? I think it's best to go local wholesale. Not import duties, easy to check, meet in person, and etc.

    Alibaba is probably the easiest place to find wholesale but you have to look really hard for a good trustworthy seller.
     
  12. PowerPath

    PowerPath Regular Member

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    Alibaba is full of scams, I would use Aliexpress. Also, use Alipay to secure your payments. More info here: https://activities.alibaba.com/alibaba/secure-payment.php
     
  13. W9go

    W9go Elite Member

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    aliexpress with ali pay is a good.
     
  14. mickyfu

    mickyfu Jr. VIP Jr. VIP

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  15. W9go

    W9go Elite Member

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    oh Micky i tell you Ali is not Ali ;)
     
  16. PowerPath

    PowerPath Regular Member

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    Not really, Alibaba is wholesale, Aliexpress is retail but yet cheap.
     
  17. nikchaing

    nikchaing Jr. VIP Jr. VIP UnGagged Attendee

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    you can say we eat cat and dog all you want, but don't mess with our Alis
     
  18. mickyfu

    mickyfu Jr. VIP Jr. VIP

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    Same dodgy sellers is what I mean.