4 Ways to Sell Your Old Smartphone

Thinking of getting a new smartphone? It is better first to think of what to do with the old one. You can recover some money from your old smartphone to make some saving or use it to get a new and better smartphone. However, many people have been asking about the best methods of selling old smartphones safely. To get the highest amount from the phone, you need to understand the annual phone cycle, be keen on bad deals, avoid traps, and be patient.

Before selling the old smartphone, here is what you should do;

• Backup all your stuff from the phone.
• If you are logged on to services such as iCloud, or Android backup service among others, make sure to turn them off.
• Clear the personal settings from the phone by restoring to factory setting.

 

4 Ways to Sell Your Old Smartphone

1. Sell the smartphone directly to the buyer

This is the old fashioned method of the seller-to-customer model. As you contemplate where to sell the phone, the buyer might be just the next door or in the neighborhood. Here you get more because there are no middlemen or commissions.

Just like selling your old car, you need to print a notice and place it on the workplace board, public boards, or even your door. Make sure to include your phone number so that the potential buyer can get you.

To get even more buyers, check on the price of the same phone and decide the value of the new one. For example, if the iPhone costs $500 when new, think of putting a figure less with about 30{76ac33845123b25982ffda0eb6f606179ce899e677f3c86d035d7b9fa6b6d307}. Remember that the buyer might also consider negotiating and you should be ready for a small margin drop.

2. Sell through online marketplace

Many online e-commerce stores have realized the potential of creating a section for people to sell used items. Unlike direct payments, you should be ready to wait for some time before getting paid for your old phone. Besides, they will take a commission of up to 10{76ac33845123b25982ffda0eb6f606179ce899e677f3c86d035d7b9fa6b6d307} of the sale price.

You are only required to create an account describe the phone, and then send the phone to the company for assessment. Once the phone has been valued, it will be put online and payment is credited to your account immediately after the sale.

The good thing with this option is that you take advantage of the large marketplace and expert valuation. In many cases, a good phone rarely takes a couple of days before being sold. Some other online sellers you can consider include eBay, Swappa.com, and Glyde.com.

3. Use Trade-in services

While selling direct gives you more cash because there are no middlemen, sometimes it can take long before getting a buyer. Trade-ins services involve selling your phone to resellers who then take it to the marketplace.  Some of the trade-in-services providers include iCracked, NextWort, and Gazelle.

To get a better price, check with several of the trade-in-services companies for quotes. To get the best prices, it is important to sell when no new smartphone is on the market. Immediately after a new phone is released, the price of old smartphones is usually very low.

4. Use carrier buybacks

To retain clients, some phone companies have buy-back services for your old phone. Because their intention is retaining the clients on their network, some phone companies such as Verizon, Sprint and T-Mobile and AT&T among others offer some amount to sellers on condition that they buy another phone.

Therefore, you are locked down to the company, and no cash will be sent to you. However, you still recover some amount from the old phone.

 

4 Ways to Sell Your Old Smartphone, what’s your thoughts?