Although I listed resources for getting rid of your phone (and took a poll of what CNET readers usually do with their old handsets,) it's high time I offered up some tips for how to go about selling your phone...or any other consumer electronic, for that matter.
Don't count on a Hawaiian vacation for your efforts, but depending on how much you hoard or how savvy you sell, the dollars could really add up.
1. Raid the closet
When's the last time you've slid open desk drawers or checked under the bed? Chances are that you have at least one ancient flip phone hiding out in a closet somewhere.
Holding onto a phone you're no longer planning to use makes good sense. You never know when you or a family member or friend will need a spare, but at some point when you upgrade to the next big thing, you can turn the one you've got into cash.
When you add up the old cell phones, cameras, and laptops you have at home, you might find a nice little stash to sell.
2. Don't stress if it's broken
How much money would you expect to get for a cruddy old model? Through many Web sites and trade-in programs, the answer is: nothing. yHowever, if you're smart and don't mind a little driving, you're almost guaranteed to get at least a little pocket change through one vendor.
EcoATM is a physical kiosk where you can sell your cell phones, and soon your tablets (this is in trial.) There are currently 300 units in malls across America, with outlets continuing to mushroom.
In a nutshell, EcoATM scans your phone and compares it with a database to make an offer based on the phone's market value and current condition. If you accept -- and yes, you can also decline -- the machine spits out money on the spot.
It does require a driver's license and a thumbprint scan to use, and it also takes a picture of you as well for security measures, to help guard against theft and fraud.
Yes, couch potatoes, you will need to trudge all the way over to the mall to use EcoATM, but it's often the only option that will pay for your very old or broken phones.
3. Shop around. Really
EcoATM is a terrific new resource, but it isn't the only one. In fact, the electronics resale space is positively packed. Big box retailers like Best Buy, Radio Shack, Amazon, and Game Stop have all launched buy-back programs, and many major carriers have also launched trade-in programs of their own. Unfortunately for the lazy seller (me,) no one service is more reliable or offers a better deal than all the others. Plain and simple, you just have to shop around. EcoATM may be the only game in town for older phones, but it won't necessarily offer you the best price across the board.
Prices vary by condition and by demand -- you'll get less for water
damage, and more if it's a flawless phone right out of the box. Expect
to take home a larger amount for newer phones than for older ones.
iPhone 4S (16GB)
iPhone 4S (16GB), Broken
Samsung Galaxy S3 (16GB)
Motorola Razr, 3rd ed.
To illustrate the fluctuations, I checked the price of four phones on five different services: two iPhone 4Ses (16GB), a Samsung Galaxy S3
(16GB), and a third-edition Motorola Razr. In all cases but one, I
listed the phones in good condition; that is, no water damage and they
turn on. The second
iPhone 4S I listed as broken. When asked, I chose AT&T as the common carrier.
Not every service takes every phone. Gazelle.com,
for instance, focuses on Apple products. Amazon doesn't have offers up
yet for the Samsung Galaxy S3, presumably because the phone is still so
new that not enough of their customers are trying to offload it.
If you're planning to sell a bundle of phones and you don't mind
putting in the research time, check three or four online spots before
hitting an EcoATM, your carrier, or another brick-and-mortar store.
Armed with comparison pricing, you'll be able to decide on the spot
whether to take the offer in person or take the digital sale. (I've
never tried negotiating with a brick-and-mortar against online pricing,
but if you have, let me know how that goes.)
4. Know how you're getting paid
Before you sell a phone or any electronic, consider how you want
to receive the funds. Several online vendors may offer you a check, a
cash card, or an infusion to your PayPal account. Retailers like Best
Buy will more commonly hand you an in-store gift card, or cash if you
have a receipt proving you bought the item there.
Cell phone carriers apply the value of your trade-in to your next
phone, or might assign you credit. EcoATM deals only in cash that,
fittingly, is stored inside the locked-down machine, ATM-style.
One important thing to keep in mind: if you opt for an online vendor,
you'll have to wait a few weeks to get paid. After you box up the good
and ship them, employees will match the device to its actual condition,
to keep any fibbers honest. Only then will they authorize your payment.
5. Never throw old phones away
In the event that you have electronics that nobody else will pay you for, take the high road and recycle. Almsot every resaler that takes phones will do it for you, archaic chargers and all. The benefits of donating old phones are threefold: it clears old gadgets out of your home, it could improve someone else's life, and you won't be directly responsible for throwing toxic chemicals into the dump.
6. Plan ahead
The cell phone's lifespan is typically
much shorter than any other category of consumer electronics. Most of
us ditch our phones after 18 months, which means that there's plenty of
time to plan how you'll keep or dispose of your future phones.
Resellers -- the guys who initially buy your phones from you before
-- see a boom right around the winter holidays. If you opt to sell a lot
of used electronics online, timing the eventual receipt of your payment
with an extra-large bill or purchase could work out in your favor.