How to make money buying and selling iphones

Learn more. Click here to download. Make a listing on eBay for an amount that is much more than you paid.

How to Make Money Buying and Selling Used Cell Phones

So buckle up as I run down your options and next steps so you can snag a shiny new smartphone with the smallest nuying to your bank account possible. You can easily get sdlling most money for a previous generation iPhone by selling it on eBay. Note: price quotes fluctuate depending on dates. Pricing has been updated on Sept. Just type in your phone model, color, and storage size and it tells you a current trending range for a selling price for your phone. So what now?

1) Search and Buy iPhones on Amazon

With Apple now taking orders for the iPhone 7 and 7 Plus , many people will look to sell their old iPhone for some quick cash. But which places offer the best return and the smoothest process? To find out where you can expect the best return on your dollar, we bought an iPhone from each reseller service and then turned around and re-sold that phone to same service where it came from. We also rated each service on their convenience, ease of use and responsiveness to come up with our rankings. To best measure how much return you can expect from iPhone resellers, we selected services that both buy and sell used iPhones, evaluating seven. We bought a used iPhone from each service, and then — without activating or using our newly purchased phone — sold the same model back to the seller where we purchased it. From most resellers, we bought a 16GB iPhone 6.

Why flip cell phones for a profit?

With Apple now taking orders for the iPhone 7 and 7 Plusmany people will look to sell their old iPhone for some quick cash. But which places offer the best return and the smoothest process? To find out where you can expect the best return on your dollar, we bought an iPhone from each reseller service and then turned around and re-sold that phone to same service where it came.

We also rated each service on their convenience, ease of use and responsiveness to come up with our rankings. To best measure how much return you can expect from iPhone resellers, we selected services that both buy and sell used iPhones, evaluating seven.

We bought a used iPhone from each service, and then — without activating or using our newly purchased phone — sold the same model back to the seller where we purchased it. From most resellers, we bought a 16GB iPhone 6.

We purchased a 16GB iPhone 6 Plus from Amazon and GameStop due to availability issues, though we stuck with iPhones released in to get comparable quotes from resellers. Also, due to availability, some of the iPhones we purchased were tied to specific carriers, which we’ve noted. As you might expect, there’s a gap between what resellers will charge you for an iPhone and what they’re willing to pay out when you try selling that same phone.

Just like with cars that depreciate the moment you drive them off the lot, that iPhone you’re hoping to unload will never recoup its value. In our testing, resellers make their money by buying low and selling high. When ranking these seven services, in addition to measuring how much we got back when reselling an iPhone, we also took the entire process into account.

Were the instructions easy to follow? How quickly did it take to get a quote on our iPhone? Did the reseller offer cash or store credit?

And how promptly did we receive that cash or credit after completing the sale? Glyde offers a straightforward, colorful and easy-to-navigate website where you can find an assortment of second-hand iPhones as well as Android models from Samsung, HTC, LG and. To sell my iPhone 6, all I needed to do was select the website’s Sell tab and type in the phone’s model number, carrier, color and condition.

Several questions from Glyde covered details about physical appearance and scratches, personalization, and whether I had included accessories like a power adapter and cable. Note that prices can change, often from day to day. The market price is what the buyer is going to pay, not the amount I would pocket. Glyde was the most transparent service when it came to spelling out fees.

That’s still the highest percentage of return from any vendor we tested, as we got back 74 percent of what we paid for the iPhone. While I was disappointed with the price drop over two days, I decided to take my profit immediately and hit the List for Sale button.

From there, you type in information about the phone, enter your email and Glyde account password, and verify your identity with your credit card or PayPal account. Click the button, and your item is listed. Two days after I listed my phone for sale, a buyer bit and then reneged within an hour; Glyde notified me via email about both events. The next day, another person offered to buy, which I quickly confirmed. A packing box arrived in the mail, with a prepaid label; all I had to do was drop the package into the nearest mailbox.

Three days after the buyer receives and accepts the phone, Glyde posts the money into your account. Swappa — as in «you wanna swappa? Just type in the specific search term to find the model you want to sell, and if it appears, you get an immediate idea of how much cash you’ll.

It took longer to get my listing up on Swappa than it did with other sites. The process requires you to shoot a verification photo of the phone and its accessories using a specific, rather low-tech approach. You have to set up your shots with the site’s verification number handwritten on a piece of paper next to the phone, and then power up the phone you’re reselling, so the screen is lit when you take your picture. You repeat the process with any included accessories. The idea is to prevent scams, and Swappa at least offers ample instruction on how to take your picture.

After I took the photos, Swappa took 15 minutes to verify and approve my entry. From there, it’s a matter of waiting for someone to buy your phone. If you’ve tried to get a higher price, you can revise your listing to Swappa’s lower price, which I did after waiting three days.

That PayPal fee is the only cost — there’s no fee to sell on Swappa — and using PayPal to handle transactions felt safer than having to punch in credit card information. Swappa reviews and approves all listings before buyers can see.

Swappy promptly answered my questions about my listing when I sent queries via email and posted them to Swappa’s Facebook page. When my phone sold, I was notified that money had been deposited in my PayPal account, after which I had two days to mail out the phone. As an extra added layer of protection, anyone who sells a stolen phone, or one with a damaged screen or water damage violates Swappa’s terms of use, giving buyers recourse through PayPal. Cons: Middle-of-the-road payment for trade-ins, compared to other resellers.

Gazelle has an attractive site that makes it easy to get started with your sale: The company trades in iPhones and Samsung Galaxy models as well as Android devices from HTC, Nokia, LG and others that cover the four major carriers.

If you take Gazelle’s offer on your phone, you have a choice of payment via Amazon gift card which adds an extra 5 percent to your totalPayPal, charitable donation or standard check delivered within 10 days of Gazelle verifying the phone’s condition. Customers buy your phone from Gazelle, not you directly, and the company inspects the device before selling it as certified pre-owned to guarantee the condition.

To ensure buyers are satisfied, there is a day return policy. After you enter your email address and a how to make money buying and selling iphones amount of information about the phone’s brand, capacity and physical condition, you do not have to wait for a buyer — just accept the Gazelle offer, box up the phone and choose how you want to be paid.

As a reseller, Gazelle will appeal most if you want to unload your phone quickly and would like some options for how you’ll be reimbursed. We got back only half of the value of the iPhone we had bought. Cons: Prices paid are fairly low; You’re restricted to store credit; Trade-in links can be hard to. To sell your old smartphone on Amazon’s massive website — which appears to sell a huge variety of almost every brand imaginable — requires an eagle eye and some clicking around to find the right path.

In the end, typing the exact item into Amazon’s search box, clicking on a result and finding the trade-in link on the page was the quickest way to get an estimate. While your phone’s appearance and condition may be acceptable to you, Amazon reserves the right to inspect the device and asks straightaway if you will accept a lower price or if you want the phone sent back if your price and Amazon’s don’t match.

After my phone passed inspection, Amazon deposited the proceeds of my gift card directly into my account. The company’s trade-in program offers an Amazon gift card in exchange for your used phone. If you don’t mind registering as an Amazon seller — which involves entering credit card and tax info — you can sell your phone on Amazon’s individual seller marketplace.

But that’s a lot of hoops to jump through for a one-time sale, especially when the gift card can be used to buy any of the hundreds of thousands of things Amazon sells on its site. Cons: Middling return on the value of our phone; Requires a visit to a brick-and-mortar store to complete your sale. GameStop takes a different approach than other resellers because of its focus on games. While some resellers offer a mix of cash and credit, GameStop customers may be more inclined to trade in their phones for store credit in games, VR headsets and gaming systems, in addition to the refurbished iPhones and Samsung Galaxy models available on the GameStop site.

The transaction is straightforward except for one thing: The final turnover of your phone for cash or gift cards must be done in person. The website offers a list of the phone types GameStop accepts for trade. My trade-in experience took just 15 minutes, how to make money buying and selling iphones the pleasant and efficient clerk behind the counter tested the phone and looked up records.

GameStop lets you search for stores within a mile radius of your zip code. If there’s no retail outlet near you, you’ll want to turn to a different reseller. Cons: Very low return on resales; Limited to in-store credit. You’ll find plenty of phones available for sale at Walmart, including contract, unlocked and refurbished phones available for the major carriers as well as the retailer’s in-house Straight Talk network.

What you won’t find is the option to get cash back for your phone. It’s store credit and no negotiating. It’s easy enough to go through the process, using the Gadgets for Gift Cards link. Interestingly, the phone was tied to Straight Talk. Once you approve Walmart’s appraisal, just log in to your account or create a new account with your email and mailing address. Walmart offers a printed label that you can use to pack up your phone and send it in. After that, just wait for your gift card to arrive via email, which it did within three days of receiving my phone.

Cons: Long wait times for answering questions on Best Buy’s number; Low rate of return. Best Buy has a busy website that features a vast variety of iPhones and flavors of Android phones for sale. But it’s still fairly easy to find the place to trade in your older iPhone. If you do, be prepared to accept payment in credit. Like Walmart and Amazon, Best Buy doesn’t deal in cash for phone trade-ins. That didn’t affect my trade-in price; when I turned in my iPhone for resale, the Best Buy clerk said I didn’t need to include accessories.

Getting a quote from Best Buy’s website is simple. All I had to do was list the phone’s color, carrier and condition to get a trade-in value that I could redeem in person or by mail. Getting answers to questions proved more difficult.

I called Best Buy’s toll-free number to ask about the missing earbuds and an issue with the phone’s IMEI number, and waited 20 minutes and through three transfers before I was told it would be a better idea to do my trade-in at a store. That took a much more efficient 15 minutes.

You don’t necessarily need to go through a reseller or e-commerce marketplace to unload your aging iPhone. Certainly, Craigslist offers the opportunity to find a willing buyer, and depending on your negotiating skills, you may be able to get a bigger return than you would from a reseller who’s going to offer you a set price. That said, handling a sale on your own can be a hassle, and there’s always the risk of running into scammers. A reseller or reputable marketplace removes a lot of the headaches and potential risks.

If you’re planning on using the money you get from trading in your phone to finance the purchase of a new phone and you’re committed to a specific wireless carrier, you may want to see what that carrier will offer you for your old phone. Those quotes assume a phone is in excellent condition, and the amounts can vary based on which carrier your old phone is tied to. You receive the trade-in value in the form of credit or a gift card.

Our testing of reseller services focused primarily on selling a used iPhone, because that’s where you’re likely to experience the greatest amount of variance, from the money you get back for your phone to the simplicity of the resale process.

In contrast, shopping for a used iPhone from these sites is a pretty similar experience, though there are a few differences worth noting.

How I Made $22,000 This MONTH Flipping Phones (Guide To Reselling Phones On Ebay)

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Plenty of useful info. Have you ever wondered if you could turn a profit flipping phones? I would not advise buying the newest phone as the prices are way too high. They will sell it for lower than the market price a lot of the time. One thing we can all agree on: Making extra money is always a good thing. Therefore, as you probably should know, Apple releases new iPhones every year generally in early September. Your email address will not be published. Thanks for stopping by! I have started buying iPhones and reselling. So due to this, there are restrictions that will get your ads taken .