9 Ways To Make Money Off Old Electronics

If you have an old smartphone, laptop or other electronic device sitting around, and who doesn’t, you could be sitting on a potential goldmine. Well maybe not a goldmine, but you could have up to one thousand dollars sitting around collecting dust.

But unlike valuable antique coins, these electronic items depreciate in price rapidly. I still have one of those old Nokia cell phones, a Palm PDA and an old Dell computer that are all now worthless. I could have sold those items for a few hundred bucks back in the day.

Now I don’t let that happen anymore. When I upgrade my laptop, smartphone or camera, I make sure to sell the old one right away because the more I wait the less I’ll get.

So how do you sell the gadgets and gizmos you no longer want? Here’s 9 ways.

List It On eBay

You can set up an eBay auction to sell your old electronics if you’re willing to go through the hassle of shipping it. Use the search function on eBay to find similar items to get an idea of what listing price to go for.

Remember that eBay charges for listings, so make sure you use the fee calculator to see how much it’ll cost tout your item up for sale.

Sell It On Craigslist

You can post a free ad Craigslist and then meet a prospective buyer in person to handle the transaction. Include photos, a detailed description and as much important information as possible to attract buyers. Be prepared to field additional questions via email.

The downside here is that you have to meet people in person, but you’ll get cold hard cash and no fees.

Sell It To A Local Resale Shop

Electronics repair shops often buy damaged or broken devices to repair and resell. You can personally go to one of these stores and offer up your collection of goods. It’s a very fast way of getting some money out of your old junk.

EcoATM

EcoATM is a kiosk typically found in shopping malls. This service pays cash on the spot for broken or used devices. You just enter the information about your old phone and then ecoATM gives you a value. If you like what you see, agree to the transaction and the machine will give you cash as soon as you drop your phone in the slot.

Sell It At A Yard Sale

If you have multiple items to sell, hold a garage sale and get rid of them all at the same time. Keep in mind though that you will not get very much for your items at a yard sale. But it doesn’t hurt to take them out and see what kind of offers you get.

Gazelle

Gazelle focuses on Apple devices and smartphones. They have a 30-day price guarantee and they accept broken gadgets too. If you happen to be selling something the site is looking for, you can get a quote from the home page to start the process.

I’ve personally used Gazelle before to purchase used items. They give you great deals, which implies they don’t pay you much for your items. But if you don’t want to bother with selling it yourself, this is a great option to get money for your items fast.

Gadget Salvation

Gadget Salvation (http://www.gadgetsalvation.com) does just that, it salvages your gadgets and puts them to good use again. This is a site that takes nearly any device in any condition. You can get a quote on your item and payments are quickly processed.

BuyMyTronics

BuyMyTronics.com is an electronics reseller that buys every type of device from GPS units to iPads. When you log on you’ll get an estimated value right away, but on this site you’ll need to be patient for the payment so they can inspect the item once it has arrived.

Depstar

If you have a broken iPhone, this is the site for you. depstar.com advertises that it pays for any iPhone, whether or not it is working. You can get paid by check or PayPal. The site also gives free quotes so you can compare their offer with the other services mentioned in this post.

Do you have any gadgets lying around you need to sell?