Make Money With Old Phones: Easy Money-Making Goldmine

  • Time to read: 8 min.
Disclaimer

This site contains affiliate links to products. We may receive a commission for any purchases that you make through these links. This does not affect the price you pay for any of these products nor our reviews of those products. Also, I’m not a financial advisor and this should not be taken as financial advice.

Did you know you can make money with old phones?

It’s no secret that phones have become a staple in our everyday lives. We use them for just about everything, from making calls and sending texts to checking the internet and using apps.

As technology advances, phones are becoming more and more advanced; however, this also means that they can be quite expensive to buy new, and sometimes you end up forgetting about your old phones.

We all have phones that we no longer use, and sometimes they just sit in a drawer collecting dust.

So what do you do if you want to upgrade your phone but don’t want to spend a lot of money?

You sell your old one! And there are plenty of ways to make money from an old phone.

Why Sell Your Old Phone

picture of an old rotary phone

Selling your old phone is so easy to do and surprisingly profitable.

For one, there is a huge demand for used phones. In fact, a recent study found that in the United States alone, over $30 billion worth of phones are sold each year. That’s a lot of phones!

And with new models coming out all the time, people are always looking for a good deal on a used phone. Whether you have android phones or apple devices, lots of people and companies will pay you for your old stuff.

Another reason selling your old phone is so easy is because there are just so many ways to do it. You can sell it online through sites like eBay or Craigslist, or you can sell it to a phone recycling company.

Phone recycling companies are always looking for used phones to refurbish and resell, so they offer good prices for them.

So if you’re looking to upgrade your phone but don’t want to spend a lot of money, sell your old one! There are plenty of ways to do it, and you can make a good profit in the process.

Phones can also be sold to companies that refurbish them and resell them at a discount. These companies typically pay less than the phone is worth, but it’s still money in your pocket!

Phones are a money-making goldmine because they can be recycled or resold for parts. They contain many valuable materials, including metals like gold and copper, that can be reused to make new products!

Making Money With Old Phones – Getting Started

As I mentioned above, there are tons of ways to make money from old phones. And the best part is, it’s so easy to get started!

Here are a few ways to get started.

Sell Your Old Phone on Craigslist or eBay

You can sell anything on eBay.

To sell your phone on eBay, you first need to create an account on the site.

Then, you’ll need to provide some basic information about the phone, such as its make and model, and pictures of it. You’ll also need to provide a description of the phone, including its condition and any features that it has.

Finally, you’ll need to set a price for it and choose a payment method.

eBay allows you to sell your phone in one of two ways: auction or buy it now. An auction is when you set a starting price for the phone and allow people to bid on it. A buy-it-now is when you set a fixed price for the phone and allow people to purchase it immediately.

When someone buys your phone on eBay, they’ll pay you through PayPal. PayPal is a secure payment processing service that allows buyers and sellers to send and receive money online.

PayPal protects both buyers and sellers from scams and fraud, so you can be sure that your money is safe when using PayPal.

Craigslist, like eBay, is a website where you can sell your old phone and other things. You can sell your phone by giving information about it like the make and model, and by taking pictures of it. You’ll also need to write a description of the phone, including its condition and any features that it has. Finally, you’ll need to set a price for it.

When someone buys your phone on Craigslist, they will usually pay you in cash. Be careful when meeting someone to buy or sell something on Craigslist (or eBay), because there are scam artists out there who try to take advantage of people.

To stay safe, meet in a public place and bring a friend with you. Also, don’t forget to factory reset your old cell phones before selling them to others.

Read here for more information on how to flip products for cash.

Mail Your Old Phone to a Company that Buys Used Phones

Mail Your Old Phone to a Company that Buys Used Phones

There are companies that will buy your old phone from you and either recycle it or resell it. These companies typically offer less money for your phone than you could get by selling it yourself, but it’s still a good way to get rid of an old phone. And, it’s usually the fastest and easiest way to sell a phone.

To find a company that buys used phones, just do a Google search for “phone recycling” or “phone buyback.”

When you sell your phone to one of these companies, they’ll usually pay you by PayPal or check. Many of these companies also offer a easy deposit option for the trade-in, which means that they will deposit the money they pay you into your bank account.

This is a quick and easy way to get your money, and it’s perfect if you don’t want to wait for a check in the mail.

To set up direct deposit with one of these companies, just provide your bank account information when you sign up. Then, the company will automatically deposit the money they pay you into your bank account. It’s as easy as that.

And, most of them will give you the option to donate the money to charity, if that’s your preferred option. Some will also allow you to get free gift cards instead of money. And, you won’t have to pay for shipping costs.

Sell Your Old Cell Phone to a Local Store

There are some stores that buy used phones (either Android phone or iPhone) outright.

These stores will typically offer you less money for your phone than you could get by selling it yourself, but it’s still a good way to get rid of an old phone. And, it’s usually the fastest and easiest way to sell a phone.

To find a store that buys used phones, just do a Google search for “phone buyback” or “sell used phone.”

When you sell your phone to one of these stores, they’ll usually pay you in cash or store credit. And, most of them will give you the option to trade in your old phone for a discount on a new one.

Cell Phone Farming Apps

Farming with cell phones.

Another way for making money with your old phone is to use it as a “phone farm.” There are apps that will pay users to use an app on their phone, and all they have to do is keep the app installed.

This user testing is usually done by online surveys, playing games, watching videos, mobile apps, and more! These apps usually don’t pay very much, but it’s easy money. And, if you have a few phones that you’re not really using anyway, it’s a great way to make some extra cash.

Note: Make sure you only install free apps from trusted sources, like the app store, to avoid malware and scams.

There are other ways to go “phone farming” as well.

Video Watching Apps

Another way to make money with your old phone is to use it to install video watching apps. These apps will pay you to watch videos, and all you have to do is keep the free app installed.

These apps usually don’t pay very much, but it’s easy money for smartphone users. And, if you have various phones that you’re not using, it’s a great way to make some extra cash.

Data Collection Apps

There are also apps that pay you to collect data. These apps will use your phone’s sensors to collect data about things like air quality, noise levels, and more.

This data is then used by scientists and researchers to study things like pollution, traffic patterns, and more. It’s a great way to make some extra money, and all you have to do is keep the app installed and allow it to do certain tasks.

Game Playing Apps

Last but not least, there are apps that will pay you to play mobile games. These apps usually don’t pay very much, but it’s easy money for people who love playing games. And, if you have multiple phones that you’re not using, it’s a great way to make some extra cash or cash rewards.

Older devices might not work as well for game playing as new devices but a decent amount of phones should still be able to work.

Let’s Recap

There are plenty of ways to make money with your old cell phone. You can sell it, recycle it, or use it to earn passive income.

If you’re looking for the best way to get the most money for your device, selling it is probably your best bet. However, if you’re not worried about getting top dollar, recycling your phone is a great option that’s environmentally friendly.

Finally, if you want to keep your phone and earn extra cash with it, there are plenty of apps that will pay you for doing simple tasks like watching videos or taking surveys. With a little bit of effort, you can easily earn some extra cash each month using your old cell phone.

FAQ – Make Money With Old Phones

Can I make more money with old cell phones?

Yes, you can make money with old phones. One of the easiest ways is to recycle them for cash. You can also sell them online or at a pawn shop.

How can I use my phone to earn money?

There are many ways you can use your phone to make money. You can recycle it for cash, sell it online, or use it as a trade-in for a new phone. You can also rent out your phone’s storage space or use it to mine cryptocurrency.

Do old phones laying around have any value?

Some old phones have value, while others do not. The value of a phone depends on its age, condition, and brand. Some old phones are worth more than newer models because they are considered collectors’ items.