Learn English – How would you call the act of buying a used product in order to resell it

word-request

Say you work in a company that buys and sells mobile phones. Customers bring you used mobile phones so that you buy them, repair them if needed, then resell them with a margin. The act of selling is a "sale", as far as I can tell, no problem there. But what about the act of buying ? Would you just call it a "purchase", or is there a more specific word when you buy a used product ?

Best Answer

I would call this "flipping":

  1. To buy and resell (a house, for example) in a short period of time for a profit.

It's commonly, but not exclusively, used when talking about people buying and re-selling houses. You could certainly say, "She's been making money flipping smartphones on eBay."

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