iPhone Reselling Made Simple: Turn $300 into $1,000 in a Week
“Is iPhone reselling really profitable? My answer is a big YES. You might be wondering how it works. In this article, I’ll walk you through a simple 3-step process to turn a few hundred dollars into a thousand.
The steps are:
- Finding the right devices
- Things to look for before buying
- Reselling for profit
How to Start Reselling iPhones?
1.Finding the right devices
Where Can You Find iPhones?
There are many ways to source iPhones, but in this article, I’ll focus on the two methods that worked best for me:
- Craigslist
- Facebook Marketplace
In the next section, I’ll show you a quick process for placing ads on both platforms to attract sellers.
Craigslist ads:
Craigslist ads are simple advertisements designed to help us focus on volume. Here’s how to place ads:
Step 1. Category: wanted by owner
Step 2. Title: A straightforward title is suggested (I pay cash for Apple products).
Step 3. Description: Write a description and include your contact details in it.
Step 4. Publish
Important points to remember:
- Include the phrases “same day cash meetups” and “will buy any condition.”
- Post at least 8 to 10 ads, as some may be flagged by competitors.
Facebook ads:
Facebook ads are more advanced when compared to Craigslist. I will show you the basic campaign setup, which is sufficient for an iPhone reselling business.
Campaign setup:
Objective:
Select lead generation and, in that, manual lead generation.
Budget:
The ideal budget is around $20 to $30 per day.
Ad targeting:
It is the most important part of the whole campaign, so select the details of location and devices very carefully.
Ad placement:
Where to place your ad? I prefer mobile phones and Facebook, as I have gotten more leads from them in recent times.
Conversion method:
Facebook Messenger.
2.Things to look for before purchasing:
1.Resale value:
There are two ways to check resale value.
Option 1:
Check the prices of your competitors in the Facebook Marketplace. You may ask, how can I check? Simply go to Facebook and search for ‘iPhone resellers’; you may find a number of profiles. Note their prices.
Option 2:
Search for prices of iPhones on eBay.
Search for the iPhone model—scroll down—under select, choose “completed items” and “sold items.”
2.Stolen or lost:
How to check whether the phone is stolen or lost? It is simply by checking the IMEI info. You may ask Moses, where can I find the IMEI number? There are two ways to find the
IMEI number.
Option 1:
By dialing this number on the dialer. A pop-up message of the IMEI number will appear.
Option 2:
Go to settings-general settings-about, scroll down, and select IMEI number.
After selecting the fifteen-digit IMEI number, check it on this website: https://www.imei.info/.
3.Carrier locked:
If the phone is taken on finance and the outstanding is yet to be paid, then it shows as carrier locked. How to check it? Simply go to Settings-General Settings-About Carrier Lock. It must show no SIM restrictions.
Some additional things to do:
- Check whether the screen is original or not.
- Is battery health over 85% or not?
- Test microphone: The voice memo app is good for.
- Test speakers and the camera by simply listening to music and taking photos.
- Overall look of the phone, whether there are any scratches or any minimal damage.
- Ask the previous user to sign out of iCloud and remove the passcode.
Negotiation:
Offer $40 to $50 less than the price you checked on the Facebook marketplace and eBay. Try to utilize every loophole or damage in your negotiation because the less you buy, the more you profit.
3.Reselling for profit:
Step 1: Make all necessary cleaning things, then take nice pictures.
Step 2: Include a video showing the phone from different angles.
Step 3: Include a picture of the battery health and of the IMEI and serial number of the phone.
Step 4: Relist it on Facebook Marketplace and promote it.
Note: increase the price by 20 to 30%, as 90% of people want to negotiate.
My personal experience:
The farther you are willing to drive, the better the deals, but keep in mind the gas price and time.
Meet the customers/buyers in a crowded area like McDonald’s and confirm the meeting by contacting them one hour before.
Phones with a charger/cable and iPhone box are selling quicker than comparable phones without them.
Conclusion:
iPhone reselling is one of the best and fastest ways to make money online. Before starting this, keep these things in mind:
Check whether the phone is stolen or lost through an IMEI check.
Learn to place ads in the marketplace.
Use every minimal damage of the phone to your advantage and negotiate.
Finally, meet the customers and sellers in the crowded places.
FAQ’S
1. Is reselling iPhones worth it?
It is definitely worth it. With minimal effort you can make $500 to $600 a week.
2. Which iPhones are worth the most money?
Recent models like the iPhone 13 and 15 have good ROI.
3. What are the risks in the iPhone reselling business?
The major risk is the meeting place. Fake advertisers may try to rob you.
4.Which is better, eBay or Facebook Marketplace?
Facebook Marketplace
5.which one is better Macbook reselling or iPhone reselling ?
In my opinion, both are good; it’s all dependent on how good we are at negotiation and sales.