Selling electronics is an excellent way to recycle old products and earn money at the same time. While some devices lose much of their value after newer models hit shelves, many consumer electronics can be resold for close to their original price. There are several methods of advertising and selling electronics in person and over the Internet. Many owners choose to sell their older devices along with other items in a yard sale or garage sale. Others use classified advertisements or online auction sites to reach potential buyers.
Yard sales and garage sales are a common way to rid a home of older and unwanted products. While it may be tempting to put lower prices on electronic items to sell them quickly, the seller should try to find an approximate value for the device and price it accordingly. Some older electronics also may be attractive to collectors because of scarcity or some unusual functionality, and the seller could lose money by not checking the value before the sale.
Owners who only have a few items to sell may wish to use classified ads to find buyers for their electronics. While some people still use traditional classified ads, online classifieds can offer a low-cost alternative that can reach a larger potential audience. Some sellers may wish to limit their ads to a smaller geographical area if they plan to deliver the item or meet the buyer in person. When selling electronics through classifieds, the seller should be aware of the potential for fraud and other criminal behavior. Sellers should limit the amount of personal information that they give out and avoid buyers engaging in suspicious behavior.
Internet auction sites can be a good alternative to classifieds for people interested in buying or selling electronics. Even if the seller doesn’t use the site, he can use look at auctions for similar electronic devices to get a better idea of their true value. Some auction sites allow users to build virtual stores to advertise and sell larger quantities of items. Like classifieds, auction sites can attract unsavory individuals interested in defrauding or stealing from users. Potential users should look for auction sites that offer fraud protections and always check the reputation of buyers before completing a sale.
Another alternative for sellers who don’t have the time or patience to arrange a sale or advertisement is to use a recommerce service. These services buy used products, refurbish them and resell them to new owners. Some recommerce companies will provide free shipping and offer a method of recycling older electronics that may not have any resale value. While this is one of the easiest ways of selling electronics, this method does not guarantee that the seller will get the best price for his device.