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How To Make Money on Your Old Phones
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The following is a guest post. Enjoy!
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What If It’s Worthless?
How about you all? Have you gotten a new phone recently? How did you handle either disposing of or recycling your old phone?
Did you sell it somewhere or exchange it at your mobile phone carrier store for an upgrade?
Share your experiences by commenting below!
Jacob’s Thoughts – Listed below are my random thoughts as I was reading this article.
- Interesting article here, especially with how many people I know did either get their first Smart Phone, or at least upgraded their phone, this Christmas!
- @ The market for recycling old phones –
- Since phones have become so much more advanced in recent years, they are really more like small computers instead of just phones (like they probably used to be).
- And, I never really considered (until now) of how much value they probably still have because of their internal components even after you are “finished” with a certain model and have upgraded.
- In fact, I never really thought about the “second hand phone” market at all, come to think of it!
- @ My experiences with upgrading or replacing my cell phone –
- In my experience, when I have brought in my phone to my mobile company (Verizon) for a replacement, they tend to ALWAYS have some requirement in the deal that enables them to keep the phone – either you lose your phone contacts if you don’t allow them to “recycle” your phone or you have to give them your old phone in order to upgrade with a contract extension and take advantage of a deep discount on a new phone.
- Now, I understand why; they are able to sell it and make some money out of the exchange! Interesting!
- Personally, I have never tried to sell my phone through an independent source. However, it’s definitely something I will have to keep in mind going forward!
***Photo courtesy of http://farm1.static.flickr.com/84/275333689_fef2a7c76a.jpg
About the Author Jacob A Irwin
Hi folks! My name is Jacob. I am the owner and operator of My Personal Finance Journey. I started this blog in January of 2010 and have enjoyed the journey ever since. Since finishing up graduate school in Virginia in 2014, I have been working in biopharmaceutical development in Colorado. You can read more about me and this site here. Please contact me if you have any questions!
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This is how much I pay attention. I did not even know that you could sell back your cell phones. I got at least 10 to sell back. Thanks for the heads up!
Nice advice. Normally, once I decide to get a new phone, mine is completely worthless at the store. I bet I'll be able to at least get something with your suggestions. Thanks!
My recent post Passive Income With a Driving Range
Great advice. Until recently I never purchased expensive phones. However, now that I do and my company gives great discounts I'll keep this article in my mind once I'm due for an upgrade. Thanks!
My recent post Have We Met On Facebook Or Twitter?
Personally I tend to just give the phone back to my phone company, but then again my phones are the cheapest type so their resale value usually isn’t that high.