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Earning The Most From Selling Your Old Phone

Love having a shiny new phone? Of course you do, but don’t let your old one go to waste. Find the best place to sell your old phone and make the most money. 

Hands up anybody that has a clutter drawer? I’m guilty of it and sometimes fear to go in there as I never know what I might find! I’m not alone though, as according to this article, 4 out of 5 of us have a drawer of shame. But perhaps the most remarkable fact about these drawers is that over half have an old mobile phone just sitting there!

But why? What is it doing sat there? Why do we find it necessary to horde items, just in case we may one day need it?

Sell your phone!

Rather than letting your old phone gather dust and taking up room, why not get a bit of extra money for it?

Are old phones worth much?

Even if it’s an old phone, don’t just assume that it isn’t worth anything. People love retro! Nokia recently announced the release of the 3310.

sell your phone

Not everybody wants the latest tech, and will often choose simplicity over features.

sell your phone

And you never know, you may have a hidden gem there. Take a look at this eBay listing for a Nokia Sirocco 8800. This phone was released way back in 2005, but look at how much it is due to sell for!

How much shall I sell my old phone for?

You first need to do a bit of research. Check a few of the major phone recycling companies. Mazuma, musicMagpie, and Envirofone are good places to start. You just need to enter the details of your phone and they will instantly tell you how much they will pay. Then, take a look at some other sites such as Facebook Marketplace and eBay. This will give you a better idea of how much the phone you want to sell will go for privately.

Where is the best place to sell your phone?

This is up to you. Using one of the phone recycling companies is certainly the easiest. They only care about the phone, so you don’t need to worry about sending the charger or anything else it came with. The major companies offer free postage, and musicMagpie can send a courier to your house to collect. If the company doesn’t agree with the condition of your phone and offer you a lower price, you can always decline and they return it free of charge.

Or you could sell privately using either Facebook, Gumtree or eBay. Selling privately does come with issues though. Having sold via eBay and Facebook before, I can tell you that winning bidders don’t always pay and people don’t always come to collect when they agree. If this happens, then there is nothing to stop you from trying to sell your item again.

Get the best price

If you want to get a better price, then sell privately. eBay is the biggest market out there, so this is where you can reach the most people. However, you will be charged around 10% on any money you make, plus PayPal fees.

Facebook is a decent alternative. There are no fees, but you won’t reach as many people as compared to eBay. This won’t be so much of an issue for a desirable phone.

Also note that when selling privately, try to be as accurate with the description as possible. Don’t try to hide and marks and scuffs – most people expect them anyway. Also include any boxes, manuals, chargers and any other items the phone came with to get a better price.

Locked or unlocked?

This can sometimes cause confusion. Often when you purchase a phone from a mobile company, it will be locked to that network. For example, if you buy a phone from EE, you can only use EE sims in that phone – in this case it is “locked” to EE. If a phone is locked, expect to receive less money for it. All phones can be unlocked, sometimes for free, sometimes not. Read this useful guide from uSwitch about unlocking. Usually, it is worth paying to have your phone unlocked as it will increase your resale value by as much as 50%.

So, the best place to sell your mobile phone? My favourite has to be musicMagpie, as I’ve used it several times to sell old phones. However, make sure you check as many sites as possible.

So what are you waiting for? Sell your phone now and not only will you earn some cash, but you’ll also empty that drawer too!

Take a look here to see why you shouldn’t be paying more than £10 per month for your mobile phone.

And I would love to hear from anybody with any success stories from selling their old phone.

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