After the iPhone 6 announcement on September 9th, people are lining up to replace their soon-to-be dated iPhone 5, 5c, and 5s smartphones. That means the market will inevitably be flooded with a surplus of older iPhone models. Fortunately, there’s still time to make a decent profit from your old iPhone. Here’s how you can maximize the value of your smartphone.
Make sure it looks like new by fixing damaged parts
You might have gotten used to that little crack in the corner of your screen, but did you know that a cracked screen reduces a phone’s value by up to 50 percent? A study by Priceonomics.com found that a cracked screen reduced an iPhone’s resale value by an average of $150. At Fixez.com, replacement screens range from only $44.99 to $49.99, so a quick DIY smartphone repair could mean a considerable amount of extra cash in your pocket. Similarly, other iPhone parts like batteries, speakers, rear and front-facing cameras and home buttons are surprisingly affordable and easy to fix yourself. You can find helpful step-by-step disassemble guides and HD repair videos here to walk you through the process.
Clear your personal data!
As the recent iCloud hacks have demonstrated, it’s important to keep your personal information secure. Before you sell your iPhone, you’ll want to back up your data in iTunes, and wipe your device clean. Apple’s official guide to this process can be found here.
Unlock Your Device
Priceonomics.com also found that the term “unlocked” was associated with a 15% increase in value. If you purchased your iPhone through Verizon, it’s probably already unlocked. For Sprint, T-Mobile, and AT&T, you can request an unlock code, assuming that you’ve met their specific criteria (see the above links).
Sell your iPhone directly
If you’re willing to do the legwork yourself, you can most likely get more money for your smartphone. The best platforms to do this are Craigslist and eBay, but keep in mind that these websites can be a target for scammers.
Trade your iPhone for an Amazon gift card
If you’re willing to accept an Amazon gift card instead of cash, you can trade in your iPhone at Amazon.com.
Sell your iPhone to a corporate buyer
If you’d rather not deal with the hassle of negotiating or finding a buyer, you can sell your iPhone to a third party buyer like Gazelle. This is a great option if you’re looking to sell your phone quickly and safely, but keep in mind that you will have to sacrifice some profit for convenience.
Sell your iPhone in-store
If you want to get your cash immediately, you can sell your smartphone to a physical store such as BestBuy or Wal-Mart. Like the online buyers, you’ll likely receive less than you would if you sold it yourself, but you’ll be paid immediately.
No matter which selling method you choose, it’s a good idea to repair any faulty or damaged parts on your iPhone, or any smartphone/tablet, before selling. To learn more about DIY smartphone and tablet repair, or to find affordable, high quality replacement parts, visit http://www.fixez.com or call (866) 233-6460.