How can we make the most money from this?

Discussion in 'iPhone' started by Yumunum, Oct 5, 2011.

  1. Yumunum, Oct 5, 2011
    Last edited: Oct 5, 2011

    Yumunum macrumors 65816

    Yumunum

    Joined:
    Apr 24, 2011
    Location:
    U.S.
    #1
    (EDIT: I'm eligible for an upgrade on AT&T, btw.)

    I'm debating whether to sell my iPhone 4, and buy an iPhone 4S, or buy the iPhone 4S, sell it, and buy something else like an iPad to be a companion to my iPhone 4. Either way, I'm sure a lot of you guys have done something like this, and I'm looking for advice. How should I do either of those? Where should I sell them, ect.?
     
  2. Schweitzer macrumors regular

    Joined:
    Jul 25, 2010
    #2
    LOL wut?

    Good luck making da moooney with dat.
     
  3. CrAkD macrumors 68040

    CrAkD

    Joined:
    Feb 15, 2010
    Location:
    Boston, MA
    #3
    How about you get a job and let the people that want the new phone to actually use it get one without a huge headache.
     
  4. Yumunum thread starter macrumors 65816

    Yumunum

    Joined:
    Apr 24, 2011
    Location:
    U.S.
    #4
    Oh whoops, I forgot to mention I'm eligible for an upgrade. Sorry about that
     
  5. Bobby Corwen macrumors 68030

    Joined:
    Jul 16, 2010
    #5
    I would upgrade to the 4S. Keep it.

    Make a listing on craigslist for the 4.

    Use the money from the 4 to pay for the 4S and the rest put towards the iPad.

    The way you know how much to sell the 4 for is by searching similar craigslist ads in your area to see the market price it is selling for.
     
  6. Gregintosh macrumors 68000

    Joined:
    Jan 29, 2008
    Location:
    Chicago
    #6
    Its hard to say whether there will be big profit potential. If it sells out completely, you will have a window of maybe a couple of days to turn a pretty good profit (i.e. buying the iPhone 4S for $649 unlocked, selling it for $999 on Craigslist).

    If Apple has enough devices on hand and can get the stores restocked often enough to not have a big shortage (good chance of that too, Apple indicated their logistics were rock solid by having an accelerated rollout schedule), then you will be stuck with it.

    I would also hold off on selling an iPhone 4 until a month or two from now. In the next couple of weeks everyone will be trying to sell theirs so the prices will be lower.

    I made this mistake with my iPad. I sold it immediately after iPad 2 was announced and got around $300 for my 32GB Wi-Fi. And believe me, no one was selling it for more at the time and I had a hard time finding a buyer (took a couple of days).

    Right now, you can barely get a 16GB original iPad for that price. If I had waited an extra month or two I could have probably gotten at least $400-$450 for it. Oh well.

    I won't make that mistake again. I want to get at least $350-$400 for my iPhone 4, though I bet in the next few weeks you are going to see them on Craigslist and eBay for as low as $250 until things cool off a bit.

    If I can't get at least that $350-$400 though, I will have to pass on the iPhone 4S.
     
  7. Trauma1 macrumors 6502a

    Joined:
    Jun 15, 2009
    #7
    Either jailbreak and unlock (if possible) your iPhone 4 and sell it now, or don't. iPhone 4 prices will fall once the 4S is launched, just like every previous iPhone.

    The only way you'll make a justifiable profit from selling a 4S is if you put it on eBay (with higher fees) and sell overseas. But then you've used up your upgrade.
     
  8. boomish macrumors regular

    Joined:
    Aug 1, 2008
    #8
    Thats what I'm hoping for, the 4s is a pointless upgrade for me, but I need cheaper some cheaper 4 iphone's for the family. I love the iPhone 4, the 4s would be nice but not worth the price..
     
  9. drenline macrumors 6502a

    drenline

    Joined:
    Aug 8, 2010
    #9
    I would do this and get the ipad 2, much better investment.
     
  10. Yumunum thread starter macrumors 65816

    Yumunum

    Joined:
    Apr 24, 2011
    Location:
    U.S.
    #10
    Well.. Let's see. I could buy a $200 16GB iPhone 4S (guessing the 16GB would sell better than the 32GB or 64GB?) and sell it on Craigslist for either $640 or $600. I'd get $640 if they became unavailable at stores, and $640 if they're still in stock but someone wants to save some money. I don't know how realistic that is though, or if I could be gaining more. It seems to be that on Craigslist people wouldn't be as willing to spend $999 (like an earlier poster mentioned in regards to selling on Ebay), even if stores are out of stock, but I could be wrong? I've only sold things on Craigslist, so I'm not sure if I want to sell on Ebay or anywhere purely online. I've heard a lot of stories about Paypal refunds and such...
     

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