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If you’re like most people, there’s a good chance you’ve got a drawer or closet where you stash unused electronics. They might be valuable, so rather than leave them gathering dust, why not convert them into cash?
There are two easy ways to sell your gadgets. An eBay auction is the more lucrative, but that requires taking photos (sharp ones really do pay off) and arranging for shipping. If you’re willing to forgo 20% to 40% of the sale, trade-for-cash sites such as Gazelle, uSell, Glyde, and Amazon Trade-In handle most details, from pricing to mailing labels. Some even wipe your gadgets. Speaking of which…
Remember to wipe your data
Be sure to clear out all your personal data. Use the reset option in your phone’s settings menu and the system-recovery option on your computer or console. If you’re concerned about missing a step, search the web for specific instructions. Whatever you do, don’t just chuck your castoffs in the garbage. Some municipalities will fine you. Big retailers often offer in-store recycling.
What’s worth the most
Not all trade-ins are created equal. Recent Apple laptops and smartphones hold their value the best; expect to sell them for about 75% of what you paid. Apple tablets (60%) and Android phones (50%) also have decent ROI. Not worth the trouble: Android tablets, old printers, keyboards, and mice. But a flat-screen monitor can fetch $50 after five years. Naturally, like-new gizmos are worth more than damaged goods.