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How to make the most money from old gadgets

Posted by admin, at 9 December 2014

Selling old electronics doesn't need to be a hassle if your end game is making the most cash.

The bad news first: if you want the absolute best price possible, shop around and compare deals. Don't rely on one source, because a better deal may be waiting around the corner.

The good news? With a few tips, that sweet cash return can help subsidise your new devices.

Before you start

  • Make it appealing: Find the original box and chargers if you still have them, do a factory reset and wipe all your personal data so the gadget looks like it's fresh out of the box. Physically clean devices like cameras and PCs so they look as good as new.
  • Trade-in: As long as your device is in good working order, trading rather than selling directly can lead to bigger discounts, especially if you end up with gift cards that can offset the cost of a new device
  • Time it right: When a new iPhone is launched, the market is flooded with older generation models. Work out release cycles for the product you're selling and try and time it so you are ahead of the curve, not swimming in the deluge. If in doubt, sell it sooner rather than later.
  • Research what it's worth: Do a little online detective work before selling to determine how much you can get. On eBay, look for completed listings to get an idea of market price. Go to eBay Advanced Search and tick "Completed listings".
  • Check the warranty: Potential buyers will want to know if the device is still covered under a warranty in case something goes wrong.
  • Beware of scams: If a deal seems too good to be true, it might be. Keep a record of your transaction and read up on seller protection if using a direct sale method.


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