There are a lot of ways to make supplemental income outside of your job, and I have tried a handful of them.

One of the more profitable ways is buying and selling cell phones for a profit. The concept is really simple, buy low and sell high. I will get more into this later in the article, but my general technique for this one month was buying phones on Amazon and reselling them Craigslist.

Craigslist horror stories: What not to do when buying, selling, or trading used iPhones | iMore

Generally, you would find the best deals on Craigslist because you can negotiate down the price and get great deals on cell phones. For this month, I found some great deals on Amazon for used iPhones so I used that source. I am very familiar with iPhone products, so I feel comfortable buying and selling them only. I figure out my target price after I know what the phone is worth.

This gives me a good idea of how much the phone is likely to sell for.

How To Make A Living Selling Used Cell Phones - CellSolo

While buying on Amazon I do realize there is some risk involved. This is a very simple process of making a claim against the seller, and then Amazon will refund me completely and immediately. They will then go after the seller themselves. You can search for yourself, take a look here.

Used — Acceptable, Needs home button fixed. Functional without it by using assistive touch and top button. Used — Good CRACKED SCREEN, functions perfectly. No charger or headphones.

Phone and Charger only, no case.

This phone has 1 small dent and a few minor scuffs along the rim of the case. Screen has minor scratches not noticeable when looking directly on. Price has been reduced over scratches. Listed as iPhone 5s, actually turned out to be an iPhone 5. All accessories may NOT be included and will be delivered in a non-retail box.

Phone 5 64GB Black. Used — Very Good PLEASE NOTE CONDITION BEFORE PURCHASE: This iPhone is in overall good condition. Shows signs of wear from normal use. The iPhone has been professionally tested and passed a multi-point inspection for complete functionality.

Phone only, decent condition. So I made sure to take great quality photos of each phone and used brief and accurate headlines of the phone.

I followed these tips to sell all the iPhones on Craigslist. Be Honest I was upfront about the condition of each phone and was honest about each phone. Use Google Voice I used Google Voice phone number in all my Craigslist posts, which makes potential costumers feel more at ease knowing they can contact me.

Create a Craigslist Email Address Having a Craigslist-only email address keeps all your Craigslist selling activity separated from day-to-day life.

Be assertive, yet friendly My time is probably the more expensive thing I have. I post that in all my ads.

Buying and Selling Used Cell Phones: Ebay Versus Craigslist - CellSolo

No Trades Trying to make money here, and I only deal with cash. Pricing I price my phones so I have a little wiggle room to price haggle. With these strategies in mind, I ended up selling all of the phones.

Check the value of the phone on eBay and see what sellers are selling their used phones on Amazon or Craigslist. The key is finding an arbitrage in pricing: Selling phones requires some work, however it is very possible and anyone can do it. Take a look what is available now, there is money to be made!

Bad joke, sorry about that. Your success with this made me think of the guy that bought SIM cards wholesale then sold them at retail individually. But then I realized your story is less retail arbitrage and more fix and flip. Do you do the repairs yourself or just go to a local shop? Plus you probably get some buyers that take it at full price without haggling, even better!

If you can find the article you are talking about I would love to read about it. If you get a chance, maybe you could check it out sometime. I am always looking for ways to supplement my income and trying new entrepreneurial pursuits. I did all the fixing up myself!

It always seemed like it was an easy side hustle as long as you have enough capital. Yeah, I would only hold the phones for a few weeks max. What service or company did you use to remove the lock?

Was it a carrier lock? Had I not unlocked the iPhones via carrier unlocks, I would have not been able to net these profits! I used a service similar to this that you can find on eBay. Brian Meiggs January 2, 7 Comments. Do you want to make some side income? You Might Also Like: February 9, at 3: February 9, at 9: Haha, it really does though. April 5, at April 14, at Rick D Sesman says: April 11, at 7: April 13, at 6: Leave a Reply Cancel reply document.

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