How To Make Money From Your Old Technology

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If there’s one thing that will never stop selling, it’s tech. And if you own some sought-after gadgets you can offer potential tech hunters the kind of bargains that will ensure your listings are snapped up in seconds.

Follow these simple steps, and your old tech can enjoy a new lease of life – and you can enjoy a welcome windfall to reinvest in some keenly priced refurbished tech of your own.

Find Out What’s Hot



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If you want to make good money from your old gadgets, do some sniffing around on eBay first to see if you’ve got an item which is sought-after or selling well. If you go to the eBay electronics page, you can search by 'Top Sellers' or 'Hot Products', which is perfect if your tech is in mint condition.

Get Clued Up On the Competition



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Check out the 'Pre-owned electronics' sidebar on the electronics homepage to gauge what’s being snapped up in every field of gadgets, from headphones and smartphones to consoles and cameras. This quick research will help you work out how best to pitch your tech, and at what price.

It's All In the Detail



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When you're listing your old tech, it's well worth detailing anything you might have done to upgrade it, particularly if you've got a gaming PC to sell. Describe any new parts you’ve fitted or software upgrades installed, and make customers aware of any imperfections, such as packaging damage and scratches to the screen. Honesty is the best policy here. 

Always list your piece of technology as Used if it technically has been – here's where you can see how the different item conditions on eBay are defined.

Time It Right



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The technology product category is perhaps the fastest-evolving going (blink and another smartphone or laptop has appeared), so it makes sense to sell it while it’s hot – unless of course it’s something like a very rare first generation iPod, or vintage one-off.

The latest just-released smartphone will be snapped up if you can reduce the RRP by as little as 5-10%. By the same token, it’s perhaps unwise to list the same item on the day its successor is set to be unveiled.  

When To Sell



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Now you have to consider when to list your item. Consider when most of us go shopping: At the weekend. Not many of us are trudging around the shops on a Tuesday morning, and one of the busiest times for buying is Sunday. So if you’re auctioning your tech, that’s a good time to end the bidding. However these days the vast majority of eBay items feature a 'Buy it Now' option, so choose a sensible, competitive fixed price and allow buyers to snap the item up as soon as they see it. 

Be Honest And Open



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It seems like a no-brainer, but if you want the best rating and the happiest customers, you need to be completely thorough and honest in your product descriptions. Make sure to be especially detailed if you’re selling an item where buyers might be a bit wary. Think of the questions you'd ask before buying and answer them in your product description. You'll attract more serious buyers if you're detailed in this way.

Customer Service Is King



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You should always answer questions about your tech listing promptly, and in a friendly manner. This also goes for any negative feedback you might receive: A polite and professional response is needed, and the option of a refund, guarantee and warranty should be clearly laid out on each listing. 

See How Others Are Doing It



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If you look at many other tech and gadgets on sale on eBay, nearly all of the images used will be professional stock shots – the same ones you’ll see online at Tesco or Argos, for example – and they’ll often have manufacturer's descriptions, too.

However, if you click on items listed by individuals you often see photos are taken by the seller, and also include more personal descriptions of the product. It's a great way to let people see what they're really buying but be sure to make your snaps as high quality as possible.

Be Detailed With Your Photography



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Buyers are more likely to trust a manufacturer to sell a product that looks exactly like the stock shot than they are a third party. It’s best to take a good range of photos against a plain background, showing the product from all possible angles, to show exactly what condition the kit is in.

Avoid cluttered kitchen worktops and jazzy wallpapers in the background. It’s also a good idea to photograph the packaging and any accessories or cables that come with the product. 

Spend What You've Made, Efficiently



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Having sold the item you wanted off your hands, you can now get hold of the next bit of tech you want for much less. The Refurbished Tech hub on eBay offers you up to 50% off computers and tablets, up to 32% off smartphones, and up to 21% off some really cool TVs. So after making your sale, and then buying refurbed, you could still be quids in. 

To find a specific refurb make and model, type it into the eBay search bar, then look at the filters to the left of the search results. Select 'Condition' or find 'Condition' under 'More refinements', and you'll see if there are any 'Manufacturer refurbished' options. If there are, you're away. And what's more, eBay will offer you a 12-month warranty, too.

Looking for More Ways To Save on Tech?



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