Possibly the worst thing about owning the latest electronics—like cell phones, TVs, tablets, wearable tech and laptops, for instance—is that these items have a shelf life. Coincidentally, that’s also one of their best features. Selling your old gear can be the springboard into buying your new gear. It’s kind of a virtuous cycle, as much of a pain in the butt as it is to have to buy and setup a new device, because there’s no way average middle-class people like you and I could afford to keep buying all the new tech toys and tools we want.
This is especially true when it comes to cell phones. Wanna buy a phone? Sell your phone. Of all the items I listed above, our phones are probably what we end up wanting to replace most often. I mean nobody wants to be that guy still using an old iPhone 3G, right? The iPhone 4 was the first iPhone I ever owned. I also owned the 4S and now the 5C. I plan on getting the 6 as soon as it’s available (maybe around September). As it turns out, I still have one of my older iPhones laying around the house. But not for long. I recently discovered just how much an old smartphone can be worth.
There’s a reason why carriers like Verizon and ATT want people to trade in their old phones when they buy new ones. They are expensive tiny computers with inherent value. True, in some cases you can use your old phone to upgrade to a new one through your carrier but you’re never going to get the most bang for your buck that way. Luckily I’m here to tell you the best way to get the most money for your old phone. But first, let’s briefly explore why your phones worth so much in the first place.
So why is that little phone in your pocket is so expensive? Part of the answer is in that keyword I just typed: little. It takes an incredible amount of engineering power to shrink down the components that go into your phone while at the same time feeding them with more power and speed. This is what enables you to live your digital life to the fullest. Of course, your phone is packed with precious materials known as “rare earths” that have inherent value as well. Why? They ...