Technology with Rich DeMuro

Easiest, Most Lucrative Ways to Turn Old Gadgets Into Cash

By: Rich DeMuro
Jun. 3, 2013

Selling your old gadgets online is one of the best ways to make some extra cash fast. But, if it’s your first time, the experience can be daunting.

We’re walking you through some of the easiest ways to get the most cash back with your old gadgets.

eBay:
It’s one of the most popular places to buy and sell online. But it’s definitely the most involved of the group.

If you’re selling electronics, our tip is to start with the mobile app (iOS/Android) so you can scan the barcode and take pictures right from your phone.

After that, go to your computer and fill out the rest of the listing. If you want to make the maximum amount of cash, start the sale at 99 cents to drum up interest, and time your listing to end around 6 p.m. on a Sunday. It’s a little scary to do the 99 cent thing, but if it’s a popular item the market will set the right price. The iPad Mini will probably sell for just over $300.

Craigslist:
This site is all about faith in humanity.

Listing is simple: all you have to do is write a few lines and add a picture, then expect a lot of emails and phone calls from prospective buyers. You’ll have to meet someone in person to sell your item, but make sure it’s at a coffee shop or some other public place. Sales here happen fast and you don’t have to pay any fees; we would probably get just under $300.

Glyde:
Glyde.com lets you sell your item in just a few clicks. You don’t need to take any pictures, and can even sign in with Facebook. Just describe the condition of your item and Glyde will figure out how much you should sell it for. When someone buys, they’ll even supply the shipping label and box. Our iPad mini would go for about $260, and we’ll get $230 after fees.

Gazelle:
You’re selling straight to the site, so it’s the fastest way to get your cash, but you also get much less money than you would selling other ways online. Just report the condition of your item, and Gazelle will make their offer. Our iPad Mini would net us about $150.

Advertisement

Advertisement