Those Old Gadgets Aren’t Trash! Make Money By Selling Your Old iPhones & More

September 4, 2013  |  

If you have old cell phones, computers, PDAs, video games, game consoles lying around, they could be worth something, says Nik Raman, chief operating officer at uSell, an online marketplace for used gadgets which list of items you can sell. iPhones are hot right now as Apple has announced it will launch its new iPhone on September 10. This is all the more reason you may want to  sell your old iPhone now.

Proactive used iPhone sellers can earn an extra $72 by taking action selling before the new phone launch date. “One week after a new iPhone launch, old iPhones lose about five percent in value,” explains Raman to us via email. “Two weeks after launch, old iPhones depreciate about 12 percent.  By weeks three and four, old phones are worth about 20% less.”

The price you can get for an iPhone depends on the model. According to Raman,  a flawless condition iPhone 5 64 GB could rake in $360; a used good condition iPhone 5 64 GB is worth about $315; and a damaged  iPhone 5 64 GB could still be worth $145. Older models also have value, ranging from $240 for a flawless iPhone 4s 64 GB to $35 for an iPhone 3G 32 GB.

You can make more on other items as well.  “We encourage people to sell their old cell phones and gadgets. It’s better to get a fair price for an old gadget than leaving it in your dresser drawer and turning it into a very expensive paper weight,” says Raman. “People with old gadgets should check online before tossing old or broken gadgets. As an example, iPhones and other phones that may seem broken can still be purchased because they get refurbished or used for parts.”

Reselling your tech gadgets has gotten easier over the years. Not only can you list your products on uSell.com, last month eBay launched My Gadgets, which lets you organize and track the value of the gadgets you have accumulated, reports Gizmodo. And Apple has a new trade-in program that could make getting cash back a little easier.

Keep your gadgets in good condition to get the most on your resale. “Cracked screens, scratched metalwork or plastic or non-working functions innards will seriously affect the amount anyone will pay for your used tech,” reports PC Advisor.

Always use a case and  screen protector. And sell sooner than later. “Another thing to bear in mind is that the sooner you sell your old handset the better, as the pace of change in technology means that devices quickly devalue,” writes PC Advisor. And before selling, return your gadget back to its factory settings in order to erase any personal data.

So check out those junk drawers and see what gadgets you can sell.

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