Planning On Selling Your iPhone? Here’s How To Do It

There are many reasons why you’d want to sell your old phone, but the goal is always the same — to get a good amount of money out of the sale in the soonest possible time. And well, if there’s one phone that has always had really good resale value, it’s always been the venerable iPhone.

Now, selling your old iPhone can be a tedious task if you don’t know what you’re doing. There will always be obstacles to your goal. Maybe it could be the number of low-ballers, scammers, and joy reservers — these types of people don’t make the task any easier, and sometimes you’d rather just not deal with them at all. So, here’s where this article comes in handy.

It’s common knowledge that phones sell for more if they’re off-contract, and it’s likely that selling an iPhone might even net you a significant profit. Now, mobile carriers often include phones with their postpaid plans, because they can simply charge you more than what it would cost if you were to buy the phone outright.

Keep in mind, you aren’t necessarily obliged to use the phone that comes with the plan. The phone is just something to sweeten the deal and you true obligation is to use — and of course, pay for — their services. Selling your iPhone could potentially net you some serious money in one go. All you have to do is to know how to sell it.

Preparation Phase

Smartphones are some of the most widely-used gadgets. Almost everyone has one, and the iPhone is arguably one of the most coveted smartphones on the market today. Be that as it may, you still need to make sure that your phone is ready to be sold.

The first step you need to take is to do a factory reset on your phone. This ensures that your buyer doesn’t gain access to any of your sensitive data. It also helps the phone perform as if it were right out of the box and new. You should also ensure that your phone is clean and that the accessories are complete, if possible.

Advertising Phase

This is the point where you need to make it known to people that you’re selling your phone. There are a multitude of platforms to do this — Ebay, Amazon, and OLX are three of the most popular platforms to use. But, you aren’t limited to these sites. Social media sites also make great platforms to inform people of your intent to sell. The process is the same for all these platforms. Snap clear and detailed pictures of your phone, post them, and answer any questions your prospective buyers might have.

It’s also essential that you describe your phone accurately. Sometimes, phones do end up with a few scuffs and dents. Be honest about the phone’s imperfections — some sellers are fine with it, others aren’t. But what’s universal is that nobody likes to be deceived. Not only are you going to lose the sale, but people are also going to spread the word that you’re not a trustworthy seller. This won’t only hurt your reputation as a seller, but as a member of society as well.

Negotiation Phase

Now that you’ve gotten a few inquiries and you’ve been able to determine which prospective buyers are actually serious about buying your phone, they’re going to want to haggle a little. Sometimes it will be before the meetup, or sometimes during. Whether or not you’re willing to let them negotiate is totally up to you. One tip that helps prevent this is to indicate in your ad that you’re not willing to lower your price (this is, of course, assuming that you’ve priced your item well).

Some buyers will try to haggle right before the sale is finalized. In this case, it’s totally fine to refuse, especially if you’ve explicitly indicated in your ad that you aren’t willing to lower your price. If your buyer walks away, it’s alright. It’s a last bluff in the hopes that you’re going to take their offer. 

Contingency Phase

Now, if you’re in dire need of quick cash, you can also opt to sell your phone through a trade-in comparison site. BankMyCell.com is a prime example of such a site. It provides sellers with an easy way to get cash for their iPhone. Sellers simply have to find the device that best matches the one they’re trying to sell, choose the best trade-in offer, ship the phone to the buyer for free, and wait for the cash to come in.

The best part about this method of selling your phone is that it’s a guaranteed sale for the highest price, assuming your iPhone is in pristine condition. Rest assured, the buyer will check your phone thoroughly to see if it’s as described before sending the money. What’s more is that you get to keep the money you’re paid, without fear of any future complaints. Not only that, but you get a fair price for your phone — it’s quick, reliable, fair, and definitely your best choice if you’re not willing to go through all the trouble previously mentioned.

The End Game

Now, save for the situation where you decide to use a trade-in comparison site, you may have to hold on to the money you got from the sale for a while, for no reason other than good faith. While it’s uncommon for a buyer to have second thoughts, it does sometimes happen. Some buyers may want their money back for legitimate reasons (for example, in the case of a medical emergency), while others may want to ask for the money back because they changed their mind. Either way, you have the power to decide whether you’re going to reverse the transaction. Though it’s always better to keep the money to avoid getting scammed, it’s up to you to make the decision in case your buyer asks for a refund.

Hold onto the money — or at least don’t spend it — for at least few days up to a week. Give the buyer a grace period to change their mind. After this, you’re free to use the money how you see fit. It’s at this point that you can truly give yourself a pat on the back — you’ve successfully sold your old iPhone.

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