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…]