Archives for September 2013

How To Make A Living Selling Used Cell Phones

The cell phone industry is booming, everyone I know these days has a smartphone. Just a few years ago, only a few of my friends, family, and coworkers had an iPhone. Not only does every US consumer have the newest technology in their pocket, they can’t wait to upgrade to an even newer phone. I remember when I would use a flip “dumbphone” until it broke.

Just like any other guy, I work a nine to five job. However, I wanted a second source of income on the side. In the last few years I started to take advantage of the cell phone industry’s growth and began researching arbitrage opportunities from buying and selling used cell phones. A friend recommended that I read an ebook called Cell Phone Resale back in 2011. This book gave me the motivation and resources to get started with making some extra cash flipping phones on the secondary market.

Just last month, I sold a total of 21 phones for an average profit of $77 per phone. I did all of this in the time I had after my [Read more…]

Top 5 Websites To Trade In Your Used iPhone

Yesterday was a big day for Apple, the iPhone 5c and iPhone 5s went on sale at retail and online stores around most of the world. Every Apple store had long lines of customers hoping to get their hands on Apple’s newest product in the mobile phone arena. The line at Apple’s 5th Avenue NYC flagship store was 1,417 people long yesterday morning, according to Apple analyst Gene Munster, which is 83 percent longer than the iPhone 5 line at the same time. Apple’s new features including an improved camera, finger print security, and faster processing speeds has been the most anticipated iPhone to-date. Check out our favorite features of the new iPhone.

In the next few weeks, consumers will continue to flood Apple stores to buy the new iPhone, many of which will no longer have have use for their previous iPhone. Many people will sell their older iPhones on Craigslist and eBay, however a majority will trade-in their used phone for cash to an online website. Sure, trading in used technology isn’t as lucrative as selling it on eBay or Craigslist, but it’s a lot less of a hassle.

I am going to compare the top five websites that offer buyback deals to see which websites offer the most money. Since you may be upgrading from last year’s iPhone or an iPhone from several years ago, I will show you [Read more…]

Buying and Selling Used Cell Phones: Ebay Versus Craigslist

Two of the most popular used cell phone markets are eBay and Craigslist. Both are extremely useful websites because they have millions of users buying and selling phones everyday. However, while both marketplaces have their advantages, they also have their disadvantages. I have sold hundreds of items on both eBay and Craigslist, including a handful of cell phones, and I’m going to provide you with all of the ins and outs of both marketplaces. [Read more…]

Sell Your Used Cell Phones On Facebook And Twitter

You may not be comfortable selling your used cell phone on a marketplace such as eBay or Craigslist, so you might want to try listing your phone on a social network, such as Facebook or Twitter. Google Plus is also another viable option; however, it doesn’t have as many users yet so you may have more difficulty here. It doesn’t hurt to try selling on all three networks since it won’t cost you a dime. [Read more…]

Sell Your iPhone 5 And Buy The New iPhone 5S

Earlier today, Tim Cook introduced the new iPhone to those in attendance of Apple’s annual media event at the company’s headquarters in Cupertino, California. For the first time, Apple premiered not one, but two different iPhone models. The first model, the iPhone 5c, is a less expensive version of the iPhone. In previous years, Apple reduced the price of the prior year’s iPhone as an economical solution. This year they are completely removing the iPhone 5 from their lineup, and instead are releasing an iPhone 5c as the cheaper alternative. The iPhone 5C is a uni-body polycarbonate (plastic version of the iPhone 5) smartphone, manufactured in a range of colors (blue, red, yellow, green, white), and sporting virtually identical internals as the iPhone 5. The 5c will be available in 16GB or 32GB, and will be priced at $100 and $200, respectively.

New iPhone 5s Features

Both the iPhone 5c and the iPhone 5s will be installed with Apple’s updated operations system, iOS 7. The new software will bring a variety of new features to the iPhone including several that up until now, were only available in Android phones. Apple followed their iPhone 5c documentation with a presentation of their new flagship smartphone, the iPhone 5s. Below is a list of some of our favorite [Read more…]

Selling My Phone On Gazelle

Gazelle is arguably one of the most popular buyback websites for consumers to sell their electronics for cash. We’ve seen their commercials, we’ve seen their internet ads, and I’m now going to give you a review of my first-hand experience with the company. Before I review their service, lets take a quick look at Gazelle’s business model.

Cash For Electronics

Gazelle is a simple concept; the company pays cash for used electronics and gadgets. Most importantly to me, Gazelle will buy back used cell phones. Your first question might be “Why would they be interested in purchasing a two-year old cell phone?” At first look, it seems like a dead-end business. But what you may not realize is that Gazelle is simply using arbitrage to their advantage. You and I (the consumer), may not want to go through the trouble of selling our mobile devices on an auction website. As an alternative, Gazelle offers a specific cash value for each cell phone model, which is a quick and convenient method for the average consumer to sell their phone. Once you sell your phone to Gazelle, you are done with the deal. What you don’t know is that Gazelle takes your phone and then resells it on the open market for a higher price; in fact, Gazelle has an eBay Store.

Gazelle’s Offer

At the time of this experiment I didn’t have an extra phone to sell to Gazelle to test their services with. My girlfriend had just upgraded to an iPhone 5 so her previous iPhone 4 was up for grabs. I asked her if she would be interested in letting me sell her iPhone 4 to Gazelle for the purpose of this review and she agreed as long as the check from Gazelle was written in her name. I’m actually doing her a favor because that phone probably would have sat in her bedside drawer forever; my girlfriend never sold her older cell phones.

When you first arrive on Gazelle’s homepage, you can [Read more…]

The Complete Guide to Selling Your Used Cell Phone

Upgrading Your Cell Phone

Most consumers in the US upgrade to a new cell phone once every year two years. Although most of us don’t need and won’t use the latest in mobile technology, a majority of subscribers will purchase the newest iPhone or Google phone as soon as they are eligible for an upgrade from their mobile service provider.

When your contract is up (usually 2 years), you are eligible for “upgrade pricing” on a new phone. Upgrade pricing is the price that is shown when you look at the mobile service provider’s web site and the price is in big letters. The price of the new phone will vary from “Free” to over $200, depending on what phone you choose to get. If you upgrade your phone, you will be required to sign a new contract to get that pricing (generally 2 years).

The reason for the contract is that the phone company is paying part (or all, in the case of a “Free” phone) of the price of the phone in exchange for “locking” you into your current plan for the next 2 years. Part of every bill you are paying goes to that cost of the phone. If you are using your phone “out of contract” the phone companies LOVE it, because [Read more…]