Browsing Category: Income Streams

How to Get the Best Possible Price on Your Old iPhone

sell old iphone 5Imagine you’re at your local car dealership, salivating over that hot, red convertible you’ve been eyeing for months. You’re about to say a tearful goodbye to your dream car, but suddenly the salesman says they can give you more cash than you expected for your old, beat-up ride.

Before you know it, you’ve just cut a major chunk off the the out-of-pocket cost of your car upgrade and you’re handed the keys to your new ride. What if upgrading your iPhone could work exactly the same way? What if you could get some cash for your old, beat up old smartphone?

Luckily, you absolutely can. And the time to do it is right now.

Because the new iPhone model was announced just last week, by locking in a sale price right now (many platforms like uSell.com offer 30-day price guarantees), you can substantially increase the value of your old phones.

How much more can you expect to get? To come up with an answer, I took a look at used iPhone sales from last year immediately after the iPhone 5 launch. Here’s what I found:

  • 1 week after a new iPhone launch, old iPhones lose about 5% in value.
  • 2 weeks after launch, old iPhones depreciate about 12%.
  • By weeks 3 and 4, old phones are worth about 20% less.

So how much more could your old phone be worth if you lock in a good price sooner rather than later?

  •  iPhone 5: Potentially worth $72 more (compared to 3 weeks later)
  • iPhone 4S: Worth $46 more
  •  iPhone 4: Worth $29 more

What does this mean? You can lock in a sale price right now, but then wait to ship your old phone until right after you get your new model.

Using uSell Current App to Sell Your iPhone

To make this process even easier on you, we’ve created a free iPhone app that tells you exactly what your phone is currently worth based on real-time offers from a platform of 50 professional buyers called uSell Current.

So don’t delay…. My advice is for you to start thinking now about selling your phone, and make sure you lock in a good rate!

Nik Raman is Chief Operating Officer of uSell.com, an online marketplace that helps you sell your used electronics in 3 minutes or less through a network of professional buyers who competitively bid on your gadgets.  Nik is an expert on the used iPhone industry and helps create the user experience for uSell.com’s smartphone marketplace.  Nik’s path in the “re-commerce” industry began as founder of EcoSquid in 2010, an electronics trade-in and recycling aggregator that uSell.com acquired in 2012.  He is graduate of Harvard Business School.

Photo Credit: Sean MacEntee

Online Options for Earning Extra Income

money tips

lot of health risks are associated with stress and vice versa. All our lives, the overwhelming pressure for all of us to produce enough money to sustain our lifestyles compel us to toil away at the expense of our physical and mental well-being. To add more pressure, the constantly fluctuating condition of the global economy causes not only sky-high inflation rates that prompt everyone to struggle with rising cost of living, constant bills and even debts.money tips

These days, however, technology and the Internet gives us opportunities to explore options that will offer additional income and alleviate the worries associated with daily living. So boot up your computer and go online—there are numerous ways to earn money on the Internet—and at the forefront of this opportunity are paid survey sites which allow you to get paid taking online surveys.

Dissecting the Concept behind Paid Surveys

It seems odd that professional organizations are willing to pay random internet users to fill out surveys, but it is true. More than that, the number of willing participants are actually increasing day by day. Who wouldn’t want to earn money by answering surveys?

Your hesitation is understandable. The worldwide web is not the safest place to produce money, especially through something as trivial as paid surveys. To wash off your doubts, you have to know why paid surveys exist in the first place.

Every business that is in the world of trading, regardless of the product and the services they specialize, are in continuous need of feedback. The competition is tough, and the key to getting ahead of their competitors is through pleasing the consumers. You are one of the consumers they are aiming to please; hence getting your opinion allows them to operate with a sure target in mind.

These businesses hire marketing research companies, and the marketing research companies create survey panels in the web to manage their research collection. The surveys you answer are gathered, analyzed, and sent back to the clients. The clients pay the survey panels and the surveyors pay you. The process is legit and the concept sensible. In conclusion, it is true that you can earn easy money by taking surveys.

The Right Way to Begin

While answering surveys may seem like a simple job, the road you have to tackle to produce results from those surveys is quite shaky. Remember that the web is still crawling with threats, and in this arena, they come in the form of fake survey panels.

The right way to begin is by identifying which panels are legit and which isn’t. A few tips include checking their transparency in terms of their history and their founders and their responsiveness to inquiries. Once you have a list of the legit panels, create a schedule. Be organized in your approach to maximize this opportunity and to avoid confusion. For example, you can join three to five panels on your day off and spend one hour completing all the necessary information the panel asks of you.

The Things Most Survey-takers Miss

Trial and error, despite it being a good teacher, can consume too much time and energy. Make this endeavour simpler by keeping these tips in mind:

  1. Learn the System – The survey panels may have plenty of similarities, but they most definitely have different machinations when it comes to rewarding you. If you are in it for the money, you will prioritize the panel’s pointing system. What is the minimum amount of points for cash redemption? How long do participants normally take to earn those points?
  2. Distinguish the Important Surveys – Are you planning to take all the surveys that the panel offered you? If so, you aren’t acting smart. You are wasting your time and energy on things that won’t pay off. The skill to identify the costly surveys will take time to develop, but you’ll eventually acquire it. Make the costly surveys your priority and disregard the rest for later.
  3. Stretch your Patience – Paid surveys demand that their participants be patient because earning points and receiving the actual cash or check may take time, depending on the panel you work for and the sum you are redeeming. Be prepared with a PayPal or Amazon account; these are the two major payment processing companies used by survey panels to deliver your rewards.

Jennifer is a work from home mom currently living in NYC with her children. She loves making money online doing writing and taking paid surveys. Besides being an online blogger, she is also an adventure freak and always ready to undertake world tours. 

Need Quick Cash? Sell on eBay

Sometimes life happens and you need some cash quick. You don’t have enough savings to cover a car repair or your heater decided to quit. For some people, getting a loan is the answer – whether it’s from a friends, credit card, or one of those payday places.

However there is another option that can help you – selling your used items on eBay. It’s a win-win situation in which you get some cash for things you don’t use anymore. It can help you pay off that repair on your credit card.

Selling Smart on eBay 

With a little bit of effort you can sell your stuff and get cash. What I’ll share today are tips to specifically help you make more money from your items.

Price It to Sell

Too many people fail with selling their items because they have no idea of it’s real worth. What you paid retail price doesn’t have an effect on it’s current value to buyers. Before you put your item up for sell, go ahead and check out eBay and Google shopping to see what your stuff is actually selling for. Be honest with yourself about whether you’d be willing to sell it for around that price.

You have to have competitive prices if you want to make more money. Depending on which seller you talk to, you’ll get different opinions about using a reserve price. I think having a reserve price can fine – it’s hidden from buyers so you don’t have to worry about them anchoring on to the lowest price.

That said, if you need cash, then don’t set you reserve price too high. You may frustrate those who would be willing to buy it, but at a slightly lower price.

Share Pictures That Sell

Pictures are extremely important for eBay. Don’t just take one picture of your item and think that will be enough. Buyers are paying for items without holding it in their hands – they need some reassurance that they are getting a great deal. Make sure you take pictures that show the item in different angles.

Take pictures in a well lit, clean room to show customers that you have items that are in great condition. If there is a slight imperfection, show them.  Small details like that matter to buyers and can help you when they write reviews.

Describe It Effectively

Besides photos, having a great description can help you not only seal the deal, but maximize your earnings. Don’t settle and just  give the basic information about your item(s). Make it appealing by being descriptive. Again when you show buyers that they are getting a lot of value, they are more willing to buy at a price you want.

If you need ideas on what to write, use power sellers as an example. See how they describe similar items and use that as a template for your listing. If you want more relevant buyers to see your listing, get inside their heads.  You should think about what phrases they they would type in to find your item and include them.

Finish the Transaction Quickly

Once you have received your payment, go ahead at the earliest convenient time and ship the item quickly. Pay a bit extra for tracking to confirm the buyer had received their purchase and send a thank you email. Perhaps you two can work again when you have something else for sale.

Thoughts on Selling Stuff on eBay

I’d love to hear from you about your experience selling online. How many of you have sold something on eBay? How did it go? Did you get what you wanted for the item?

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Want Extra Cash in the Long Term? Start a Business Together!

pizza shop

If you want to do something exciting with your spouse or partner and make some money in the process why not start up a business? You’ll get the chance to work together, which can be both difficult and rewarding, and you’ll also get the opportunity to work for yourselves – which can help keep you afloat in the midst of layoffs and high unemployment.

Plus, if you hire employees you can get tax breaks and help provide a future for other people. pizza shop

Build Up Realistic Start-Up Plans

Couples with some discretionary (or disposable) income already have capital in place to start up a business. You won’t have to get a bunch of investors together and make presentations attempting to convince others to buy into the business. Instead, you can use the savings or investments you have to get started. Of course, depending on the size of the business and the amount of discretionary income, you may still need investors. If you and your partner have to ask for money, at least you won’t have to ask for as much money as you would if you didn’t have that nest egg.

You may not be able to start up a big-name retail business but you can consider something smaller that can grow over time, like a pizza shop. This can be especially lucrative if you’re close to a college campus or a downtown area where there are a lot of people moving around. You and your spouse could have a great time working together to develop a profitable business. We’ll use this pizza as an example of how to build a business.

Help Wanted- Finding Valuable Employees

You and your partner can’t do it all on your own. You’ll need to hire employees and purchase pizza equipment. Consider the number of employees you’ll want to hire and how you’ll pay them until you start to make a profit. You and your partner may need to work full-time at your pizza place, but you can’t do it all alone. You’ll still need people to help who you can trust to run things if you are ever forced to miss time. Your days and hours of operation are up to you, but you can’t sell any pizza with the doors closed.

Look for the Right Location

Fortunately, property is cheaper than it has been due to the economy. In addition to the need for investors or a bank loan you’ll have to get a piece of property where you can run your business.

You may do better by negotiating directly with a landlord or property owner instead of going through a realtor or property management company. You may also want to stay open as much as you can to build up clientele and maximize profits. If you’re near an area that’s crowded and busy at certain times on certain days, make sure you’re open during those times, at the very least.

Perhaps over time, your business will grow (and hopefully your love as a couple will grow with it). Just keep in mind that couples & businesses take time to nurture – sometimes adjustments have to be made and plans have to be changed. Staying open-minded about your new business venture can really help you succeed.

This post is from Felicia at Professional Intern.

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