Advertising
Advertising

6 Tips to Make the Most of Your Used Gadgets

6 Tips to Make the Most of Your Used Gadgets

The new iPhone 7 has been available for less than four months, and already the web is aflutter with speculation and leaks about the next generation of iPhones. In a world of planned obsolescence for all the tech gadgets that seem vital to our everyday pursuits, it comes as no surprise that pretty much everyone has a few hundred dollars worth of “outdated” electronics lying around.

There’s good news for anyone looking to sell their older model devices for some cold hard cash. An ever-growing market of secondary and refurbished devices means it’s become easier and easier for people to sell older models they no longer need either via trade-in websites like Stopoint and Amazon or via classified portals like Craiglist or eBay. But with so many retailers, businesses, and independent sales platforms, what’s the best way to get the most money out of that old smartphone? Here are six tips for maximizing the trade-in or resale value of your used gadgets and devices.

Advertising

1. Looks Matter

Your scratched up device isn’t going to fetch a great price on the resale market, even if it works like brand spanking new on the inside. While some normal wear and tear is expected, the better your device looks, the more value it will have. Think of it in terms of Amazon ratings. Is your device Like New, Very Good, Good, or Barely Acceptable? That’s why it’s smart to invest in some quality cases for your device. Go for durability and function, not aesthetics. That clear PCU case with the floral print might look pretty, but it’s not doing much to preserve the pristine shell of your phone or tablet, nor will it prevent a giant crack on the screen from an accidental drop. Make sure the protective covering you choose protects against scratches, falls, and water to minimize wear and tear.

2. Keep All Original Packaging

Speaking of looks, making sure you have the original box, instructions, dongles and accessories can increase the value if you decide to sell it to a private third party. It just provides more reassurance to them that the product was taken care of, and it feels more legitimate. If you don’t have any of the original packaging, fear not, as there are plenty of websites who buy used devices as-is for recycling purposes.

Advertising

3. What’s on the Inside Counts Too

Just in case you thought a pretty face was all you needed, the inside of your device matters too in terms of resale. Always keep your operating systems up to date, with the latest patches and improvements. Any hacks or viruses can damage the internal specs of the devices and seriously diminish resale value. If you can, avoid jailbreaking or hardware modifications that can compromise the internal hardware and software. If you have the technical know-how, return your device to its original factory settings before attempting to sell it – it can give it a little performance and value boost while simultaneously mitigating any concerns about personal data on your device.

4. Keep Up with Routine Maintenance

Oil, dust, and other microparticles will invariably collect on or in your device. Even a regular wipe down with a microfiber cloth is better than nothing. Regular battery and hardware checks are also essential to ensure your device is in the best condition it can be when you choose to sell. And always keep your device away from extreme weather and temperature conditions to avoid premature deterioration. If your device allows for modifications to change the battery or other hardware, doing so may bring in more value than selling it as is.

Advertising

5. Timing Is Crucial

Know when to sell. The value of a used product diminishes each time a new model is out. In some instances, it’s possible to upgrade with minimal cost if you know when to sell and where to sell. For instance, if a new iPhone model is set to be announced in October, aim to sell your current model before the new model hits the retail stores; there may be a rush of people trying to sell once the new model is available, driving down prices.

6. Choosing the Right Channel to Sell

While it might be tempting to list your items on eBay or Craigslist, be careful when calculating the resale value of your items. Many sites that allow you to list your own products will take a portion of the selling price, not to mention transaction fees from credit cards or PayPal. There is also a greater risk of getting scammed out of your items by shady buyers. Retailers will often have trade-in programs, but those tend to offer lower value than independent trade-in sites (and depending on the condition of your item, some will offer you no money at all, simply a free “recycle” service). Fortunately, there are trustworthy third party websites that are likely able to offer the best resale value for your device without the risk and hassle of listing it yourself. Shop around and look for ones that match competitor quotes for the best deals on your used device.

Advertising

Featured photo credit: Pixabay via pixabay.com

More by this author

Hira Saeed

Startup Evangelist

Tech deals and Mergers 10 Biggest Tech Mergers and Acquisitions of 2016 Top 10 Design Predictions for 2017 5 Useful Chatbots for Small Business Owners 6 Tips to Make the Most of Your Used Gadgets 6 Tips To Stay Secure While Shopping Online

Trending in Budget Activity

1 6 Easy Ways to Treat Yourself 2 7 Websites to Sell Used Stuff Profitably 3 Seven Tips to Save Money While Renovating Your Home 4 4 Ways to Make Every Penny Stretch in 2017 5 Getting Out of Debt in 4 Simple Steps

Read Next

Advertising
Advertising
Advertising

Last Updated on June 26, 2020

25 Easy Tips on How to Save Money Fast

25 Easy Tips on How to Save Money Fast

“How to save money fast?” This is the question asked by all of us not in the top 1% of rich people.

If you are looking for ways to drastically reduce your expenses immediately, first look at what you need to spend money on every week. And I mean really need.

You don’t really need to order in food. You don’t really need to buy expensive perfume.

Building from that, you can work out how your regular expenses can be reduced.

As for irregular expenses, they can also be deceptively costly in the long run. Once-off buys can also be tackled with some prudent planning and a little extra research.

And remember: a budgeted lifestyle does not mean a bad or boring one!

But first, understand what budget you can cut down on daily:

  • Regular expenses for the average adult (can be trimmed but not eliminated):
    • food
    • rent/mortgage
    • cell phone
    • insurance
    • socializing/entertainment
    • transportation
    • hygiene products
    • household bills
  • Irregular expenses for the average adult (can be eliminated or cut down a lot):
    • travel
    • clothing
    • medication (*depends)
    • grooming (hair, nails etc.)
    • gifts

Now, let’s dive right into the 25 ways to save money fast:

Save Money on Food

1. Bring a stock of food to the office/work

Instead of popping out for an overpriced salad and a smoothie, leave a set of basic utensils at the office as well as a stock of non-perishable goods such as tinned fruit, tuna, rice crackers and so on (try to avoid the junk food and this can turn into a pretty great diet!).

Advertising

Stocking up means you won’t forget or say “I didn’t have the time” when you rushed out to work in the morning.

2. Buy the store-brand version

Many basic foods, such as bread and milk, will taste exactly the same as their branded alternatives. Go for stuff with minimal additives and preservatives. Meat in a tube is probably insanely unhealthy!

3. Eat cheaper cuts of meat

Learn how to tenderize and flavour cheaper meat and fish, and save on the (typically) most expensive item on your grocery bill.

4. Have group dinners

If 10 friends put $5 each in the kitty, it’s pretty easy to make a giant lasagne and get refreshments, as well as hang out with your favourite people.

Save Money in Transport

5. Get a bicycle

Save on gas money and bus/metro fares with this underrated mode of transport.

6. Use public transport and/or don’t get taxis

Some places can only be reached by car. But as a good practise, check your public transport website and see if any routes pass nearby where you need to get to. Walk as much as you can.

7. Find the cheapest gas

Regularly check out where the cheapest gas can be bought.

Save Money in General Shopping

8. Shop online

Not only will you save on the gas or transport fares from going to the shopping mall but you will also find better deals

9. Sell your old stuff

Get your unwanted belongings up on eBay ASAP and earn a few dollars.

Advertising

Here’re more ideas for you: 25 Things to Sell to Make a Lot of Money

10. Bulk buying stores

For regular non-perishable/slow perishable purchases such as toilet paper, cat food, pasta, washing powder and so on, do an epic stocking-up trip to a co-op or equivalent (my mum used to go to a place that restaurants buy from).

Be wary of supermarket “deals”, as some have been found to be fraudulent after working out a simple calculation.

11. Become a flea market/car boot sale/street market guru

You can find original gifts and develop good negotiation skills at these places.

12. Generic brand medication

More often than not, the generic version of paracetamol and other basics work the same as the branded version.

13. Choose deodorant, not perfume

It blows my mind when someone drops $70 on a bottle of spray. Stick with a nice deodorant, and not only will you smell just fine but you’ll be sweat-free as well!

Cut Down on Household Expenses

14. Printing

Ink is one of the most expensive substances in the office and coloured ink is doubly so. B

e more efficient and choose black and white, and if your printer doesn’t have a print-both-sides options, just print odd pages first, re-insert the paper and print even pages.

Expand the margins of what you are printing as often as you can to save on paper.

Advertising

15. Minimize SMS and phone calls

A combination of a free chat service such as WhatsApp and a free call service such as Skype can reduce your bill to nothing (so long as you have a decent Wifi connection).

16. Shop around for insurance

Most people don’t spend enough time searching for the best insurance deal.

Keep a watchful eye out for deals and new competitors in the market.

17. Try re-negotiating your rent/mortgage

If you have built up a good credit history or a good rapport with your landlord, then chances are a frank chat about needing to tighten your spending could result in lowering your payments. You’ve nothing to lose from trying.

18. Don’t get a TV

Invest in a computer/laptop and an internet-only package. You can watch more (and often better) entertainment on the web, and skip the advertisements as well.

19. Pool your internet bill with a neighbour

My apartment building is basically a big old house split into three apartments. There are five of us in total. We pool the internet bill, making it crazy cheap.

Save Money in Socializing, Entertainment And Travel

20. Have house parties

Instead of paying for overpriced drinks, set up a series of in-house get-togethers with your friends. Everyone takes a turn, so it’s not always your house that needs cleaning.

For sound insulation, hang heavy drapes on the walls and windows. For music, invest in a good second-hand set of speakers which you can connect to your computer. Let Spotify or Grooveshark playlists do the rest.

21. Open festivals, meetups and events

It never fails to surprise me how much underground stuff goes on around me for free or for very cheap. Find out who runs the blogs and websites that list all the less well-known cultural activities.

Advertising

22. Volunteer

If you can’t pay for a ticket, volunteer and get to be there anyway.

23. Housesit

There are multiple housesitting websites offering you the possibility to avoid paying hotels and skip the discomfort of crummy hostels.

Save Money on Hygiene and Beauty

24. DIY beauty

French manicures, pedicures, waxing, eyebrows… pretty much all of these can be achieved at home (and done well) with some practise. There are plenty excellent blogs and YouTube tutorials to help.

25. Fewer haircuts/volunteer at a trainee hairdresser

If you can’t bear the risk of a trainee touching your locks, learn more ways to manipulate your hair as it grows and get haircuts sparingly. Women’s haircuts are outrageously priced in many cities.

Bonus: Effective Money-Saving Tips for Everything

Here’s a summary of what you can generally do to save more money:

  • Share/pool resources. Organize a neighbourhood sharing scheme, common resources for your apartment block or with your friends. Not everybody needs an individual lawnmower.
  • Buy energy-saving everything. The easiest way to lower your bills – replace those lightbulbs!
  • Buy in bulk. Be sensible about it (i.e. make sure you have space!), and drastically reduce weekly expenditure.
  • DIY. Skill up using YouTube tutorials on plumbing and many other essential services so you never have to pay for simple problems again.
  • Research a lot before making a decision. Most money-wasting is the result of poor preparation and planning. Don’t shirk this part just because you don’t like it!
  • Use your network. Your network is full of resources that can ease the pain of budgeting. Ask for help.
  • Stop and think. Do I really need it?

Unfortunately, there are some things that require plain ol’ giving up for the time being. This can include high-cost sports such as skiing, the latest versions of some technologies, the finest brands of food/drinks, premier seats at the opera and most other indulgences.

What is important to remember during lean times is that when you look back on your life, it will be the experiences that stand out, not the extra comforts.

Living on a budget can teach you a lot about how much you can really get out of your paycheck. We only live one life, so make the most of every penny you earn!

More Tips for Personal Finance Management

Featured photo credit: Unsplash via unsplash.com

Read Next