A few weeks ago my friend and I thought about starting an iPhone business - where we buy BNIB iPhones from eBay while cheap and re-sell them at higher prices. It sounded like a great idea we bought 5 phones within 2 days. A few days after that, it's revealed that iPhone 5S is gonna be released on 10 September! We were so shocked and panicking! And we also just realised that selling on eBay or Amazon might not work as we would have to pay 10% or 15% to the respective company and it means we'll have to sell it at much higher prices, which is difficult to achieve. So we put up ads on Craigslist and a few other ads sites, but we've only been contacted by scammers and we're desperate to sell those phones now We bought each phone at about £400 and so in order to just earn our capitals back, we have to sell it at £450 on eBay. However recently the BNIB phones only sell at £380ish. It's even very difficult to sell at £400. Now we're doomed but don't want to lose the money we spent Does anyone have any advice as to how I could sell them? I don't really mind not earning much profit as long as I could get back the money I spent on those phones... And I don't really want to use them because I'm waiting to buy a 5S myself (hence the thought of reselling them, in order to earn some profit to save for the 5S). Any advice anyone? (Or anyone wants to buy those phones?) Please help... Thanks!