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What to Know Before Selling Your Devices

James Albert by James Albert
October 19, 2022
in Tech
0

FintechZoom > Business > Tech > What to Know Before Selling Your Devices

We all have old electronic devices that we are trying to get rid of; some of us even have drawers that are dedicated to holding these old devices, taking up space. Fortunately, there are sustainable ways to get rid of these old devices. One of these options is selling them.

Before Selling

Selling old electronic devices is a great way to clear up space and make a quick buck, but there are a few things you need to do before you sell your electronics.

Find all the Components

When deciding to sell an electronic device, gather together any component that goes with it. This means remotes, power cords, cables, etc.; anything that came with the device. Having all of these components means the buyer doesn’t have to go out and get them, and all of these different parts can increase the value of your device.

Research the Value

Deciding on a price for your device can certainly be challenging. After all, if you spent money on it, you want to be able to make a profit off of the device. However, consumers are looking for good deals, a goal that conflicts with that of the seller. New models are now being priced fairly competitively, to the point where there are some options that are better deals than a used price.

Research the value of your device beforehand, including the value of any added components you have with it. Then, once you have an idea of what the device is worth, do a quick search of what competitors are selling it for. This will give you an idea of the price you should set.

Repair or Sell?

For old electronics, there is a choice you have to make; do you repair the device or sell it as is? The majority of the time, we stop using these devices because there is something wrong with them. Perhaps it’s an issue with the battery, or the screen is full of cracks. Whatever it is, this damage will play into what the device is worth.

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If you decide to repair the device, is it worth it? How much will the repair cost, and will it cost more than the device is worth? You can easily get an estimate for the cost of the repairs and decide whether to repair or sell it as is. If you have decided to sell the device in its current condition, the price will, of course, have to be lowered.

Clear Information

Protect your safety. Before you sell your electronics, you absolutely need to clear out all of your data beforehand. This is everything, from login information to images. Leaving this information can put your privacy and personal information at risk. The information you need can be backed up to the cloud or a storage Drive before resetting and clearing the device.

Take Quality Photos

If you have decided to sell your electronic device online, consumers are not going to take your word on the condition of the device. They need proof that the device is in good working condition, and you can provide this proof by taking high-quality photos and videos in good lighting. Include images of the device from various angles so that the consumer has a complete overview, and if the device does indeed work, you can also include a video of you operating it.

Description

Create a description of the device, and be honest when writing it. If there is anything wrong with the device, or if there are any scratches or dents, this information needs to be included within the description. This is especially true if you decide to sell to a retailer or a buyback company. These companies look at the device beforehand, and if you have not been truthful about the quality, they can either reject the item or change their price offering.

By following this information, you’ll be able to set a fair, reasonable price for your device.

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James Albert

James Albert

James Albert is a personal-finance analyst for FintechZoom and is based in New York. Contact: [email protected]

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