Buying a second phone to sell?

Discussion in 'iPhone' started by pog27, Sep 11, 2014.

  1. pog27 macrumors newbie

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    Sep 11, 2014
    #1
    I'm doing the midnight buying rush to get a iPhone 6 tonight. I'm not a complete newbie..I did this with the 5s as well. I read you can buy 2 phones and I'm wondering whether I should get a second unlocked/non-contract phone that I can sell on craigslist or ebay. Any thoughts on that? Has anyone done that before?
     
  2. Cryates macrumors 65816

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    Chattanooga, TN
    #2
    The only way you can do it is if they allow full-price purchases which likely won't be confirmed until the pre-order goes up.
     
  3. 12vElectronics macrumors 68040

    12vElectronics

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  4. pog27 thread starter macrumors newbie

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    Sep 11, 2014
  5. Rob9874 macrumors 6502

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    #5
    The guy who has the entrepreneurial spirit to take advantage of a supply & demand opportunity to make a buck. Sure, why not?
     
  6. doxielover macrumors 6502a

    doxielover

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    CA
    #6
    Does anyone know if you buy iphone online can you return in the store?
     
  7. 617aircav Suspended

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    Jul 2, 2012
    #7
    It's already confirmed for the tmobile one.
     
  8. Cryates macrumors 65816

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    #8
    Yep, you're right.
     
  9. james92se macrumors 6502a

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    Dallas, TX
    #9
    What am I missing here?

    If you buy a second phone full price (after tax would be over a grand for the 128 GB Plus), how could you expect to make any profit off of that phone considering thousands of people are likely out there willing to sell their subsidized phones for less than the grand?
     
  10. spazma7ik macrumors 6502a

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    Sep 12, 2009
    #10
    lmfao what sort of fool sells their subsidized iPhone for less than retail simply because they got it for cheaper?
     
  11. james92se, Sep 11, 2014
    Last edited: Sep 11, 2014

    james92se macrumors 6502a

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    Dallas, TX
    #11
    :confused:

    If I pay $399 for a subsidized phone but don't plan to use it, and you pay $950 for a non-subsidized phone - who can afford to sell it for cheaper and still make a handsome profit?

    I've been watching eBay auctions all day and seen multiple 128 GB Plus models end up at under $1k. Those sellers are absolutely people flipping their subsidized models. A lot of auctions ended up at about $1,200 - but even at that the profit is minimal. Deduct 3% for PayPal. Deduct at least 10% eBay final value fee. Then figure in about $20 for shipping, more like $35 if it's overnight. So with a $1,200 eBay sale your net will be between $1,000 and $1,025 depending on your shipping cost. But an unsubsized phone is $949 plus tax ($65-$75?), for a total of right around the same price of your net sale on eBay on a $1,200 auction price.

    So again, what am I not understanding about potential profit on an unsubsidized phone given all the sellers of subsidized phones?
     
  12. 617aircav Suspended

    Joined:
    Jul 2, 2012
    #12
    Lets say you buy it for 700 with tax and you sell it for 800 on craigslist. You just made $100.
     

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