Earning Cash from Old Gadgets

I came across an article on Yahoo Finance that was interesting. There are many sites out there that will offer cash for your old gadgets:

Yahoo Finance Article

I checked a few gadgets I am familiar with. We recently sold our Playstation 2 so I plugged that into Gazelle.com. Their offer to buy? $23. Yikes. Pretty low. We ended up selling it to someone direct for $75.

Out of curiosity, I checked how much you could get for selling a Wii to them. From what I’ve read, they are still in high demand. Their offer? $130. Again, it’s pretty low considering a friend of ours sold his used console with one game for basically the new price.

We do have a couple other older gadgets around that we might try to sell. I’ll probably check a few of the sites in that article first to see what they offer. That could be used as the lowest possible price to sell something at if a potential buyer tries to lower your asking price. It could also be a last resort if a buyer cannot be found.

On another note, some will even take gadgets to recycle which is nice if you cannot find a buyer and you don’t have good recycling facilities locally. That’s probably what we will end up using sites like these for since the buying prices seem really low.

Posted by Tricia on November 5, 2008 at 10:12 PM in Making Money | 5 Comments »
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LA responded:
Posted: November 6th, 2008 at 10:26 am
Tricia, first of all, thanks for the tip on the Bissell QuickSteamer. I purchased one this weekend and it worked amazingly well. Considering the effort and cost involved in renting a cleaner, moving everything, rushing back in 24 hours, etc., it was worth every penny of $79.99 purchase.

Secondly, if anybody does recycle computer equipment, etc., make sure you remove the hard drive completely. No reason to give your personal data away! Even some of the disk drive “wipers” don’t do a complete job. Easier to remove the hard drive, store it if you want, or at least take a sledge hammer to it.
creditcardfree responded:
Posted: November 6th, 2008 at 11:51 am
Great article with lots of resources. I sold old cell phones about a year ago. It all went great. I was very pleased!
Larry responded:
Posted: November 6th, 2008 at 6:10 pm
I always try and sell my stuff on Craigslist. Make sure you take some good pictures of the item. Use a white sheet as a backdrop to make it look crisp and clear, just hang it over a door and use a small table or tv tray to set the item on. Also, when placing your ad, use a lot of power words as well as key words ppl may use to look up.

I usually post my phone number so they have to call me if they are innterested. I have gotten many emails before with nothing coming of them.

Larry
http://www.theluckymoneycat.com
danielle responded:
Posted: November 6th, 2008 at 8:56 pm
I treid posting some stuff on Craigslist recently, and got no hits whatsoever. I think everyone just goes there to sell, not to buy
Michelle Dablemont responded:
Posted: November 10th, 2008 at 11:30 pm
Don’t sell your items to those cheap places… like Larry mentioned above, put them to sell on craiglist (or ebay). Personally, I use ebay and it is very easy to set it up, not to mention that you end up earning much more than those sites on the article above if you know how to properly charge for your item (ie do not make the initial selling value too high).