All of us get through a number of phones over the years. Some of us will get a handset, pay off the contract and continue using it for years, ignoring updates and upgrades and settling with the model we’ve paid for until it’s on its last legs and we have no option but to replace it.
Some of us will upgrade every time an upgrade is available, switching handsets every year or two. Either way, there’s going to come to a point where you invest in a new phone and are left with an old handset that you no longer need. Of course, you could always keep this as a backup device.
But with the majority of us having high-quality phone insurance that gets a new device out to us on the same day or the next day, a backup generally isn’t something that we absolutely need. Instead, many of us will opt to sell our old device to get a little money back from it. Now, when you sell anything, you want the best price possible for it.
This applies tenfold when we’re selling something that we know holds a bit of value and that we’ve paid a fair amount for ourselves over the courses of our contracts. So, how can you go about getting the best price for your old mobile device? Here are a few tips and tricks to help you along the way.
Have a Rough Idea of the Value of Your Phone
Of course, a used phone isn’t going to hold as much value as a brand new device. But you can still expect something in exchange for it. It’s always a good idea to do your research and have a rough idea of the average value of your phone. Browse online to see how much second-hand versions of the same make and model of the device are selling for.
It may be worth watching a few options on eBay and seeing how much they make by the end of their auction. There are also sites that can provide charts of top end and bottom end valuations of your phone at any given time. This should give you a rough idea of what you can expect to make.
You do need to be realistic when estimating the value of your phone. Sure, you shouldn’t settle for too little. But you shouldn’t expect too much either. Otherwise, you’re never going to be able to shift it. Flaws and issues can all devalue your phone. Cracked screens, scratches and other aesthetic flaws are all going to significantly drop the amount you can look to make. Software flaws or completely broken phones that can only really be used “for parts” can further reduce the amount you can hope to make.
Minor repairs can be low cost to carry out but could significantly boost the value of your second-hand mobile. If this is the case with your device, it may actually be worth having the repairs carried out in order to increase the amount you can expect to make on your final sale.
Engage With Specialists
Generally, you’re best off engaging with specialists who know what they’re talking about. Sure, they may be selling the phone on and need to leave a small profit margin for themselves, but they’ll generally give a fair price if you sell my mobile and won’t rip you off. Selling to them also provides you with a sense of security.
You can trust them to pay up the money they’ve agreed once they’ve received your old phone. Try to sell to someone who specializes in your make of phone. If you have an iPhone, look for an Apple specialist buyer. If you have a Galaxy, look for a buyer who specifically buys Samsungs.
You don’t have to automatically settle for the first offer you receive. Instead, shop around for the best price that someone will give before you sell your mobile. Many companies have flashy ads encouraging you to sell to them. Don’t opt for them simply because they’re the first potential buyer to have caught your attention. You may be able to secure a better deal elsewhere!
Be Careful Selling on Auction Sites
Sure, we’ve said to keep an eye on auction sites to get a rough estimate of the value of your phone. But you may want to exercise caution if you intend to sell on these sites and marketplaces yourself. When you sell to specialists, you can generally trust that they will pay up.
Sure, buyers pay on sites like eBay before you send the item. But money for larger sales is generally held until the buyer confirms receipt of the item and confirms that it’s in the same condition as advertised. Often, you can end up in lengthy and difficult buyer disputes and, often, auction sites do favor and side with the buyer.
It can be difficult to maintain the money that is being held in your account once a dispute is opened and you could potentially find yourself at a loss if a dishonest buyer claims the item didn’t arrive or arrived in an imperfect or unexpected state. If you do sell on an auction site, always make sure to get tracked delivery, which requires a signature upon receipt of the parcel.
Sure, this may be a lot to take into consideration what may seem like a relatively simple transaction. But smartphones – even older models and used smartphones – are a pretty valuable product, so you’re going to want to make sure you make as much from selling yours as possible.
Hopefully, the information above will help you to get the best price for your old mobile device as possible. Know your phone’s worth, exercise caution at all times and try to only sell to reliable buyers with a good track record of actually paying up. This will all help to minimize your chances of being ripped off or making any losses!