27th April '17
The estimated value of a second-hand gadget, like everything else, depends on the extent of the other person’s requirement. As most of the present day gadgets are outlined as disposable rather than serviceable and reliable for a long-term, they wind up being obsolete rapidly.
So, are you planning to replace your old phone with a new one? The most confusing problem that comes along during this exciting transformation is ‘what to do with your existing phone?’, ‘to sell it or not to sell?’ Well, your mind gets flooded with several options as to what you can do with it. You can keep it as a spare, or give it to a friend or relative, or donate it, OR you can sell it and get some bucks in return for your used device.
The answers to these questions vary depending on a lot of factors. If you opt for the last option: to sell your device, you need to assess a few things:
There is no set formula to calculate the market value of your device. However, you can still get a rough estimate by evaluating the condition and model of your phone. You can do your market research in two kinds of markets: local market in your neighborhood and the online market.
Survey your local gadget market and inquire the prices of similar devices in different conditions. Another factor that affects the market value of your used device is its availability in your local market. Sometimes, a few models of a device or a particular variant are short, resulting in an increase in the market price of the device, even if it is pretty much used. In any case, you can assess the market price of your device by doing an on-ground survey. Research the selling price of comparable devices in your local market.
These websites can help you in getting a better range of prices at which people are selling devices like yours (In terms of both condition and features). Find a bunch of comparable items on these sites and note down what the sellers have priced them for. The research and survey you will do online would be more authentic and transparent than the ones done in your local market, since it eliminates other fixed costs. Find at least three devices that are comparable to yours in terms of condition and features and find out an average selling price.
After this evaluation, you have the results, as well as, your device in front of you. Set up a minimum and maximum range for which you want to likely sell your device. If selling your device is getting you enough money, then you should definitely go for it! Otherwise, you can keep it stashed. Just remember that the value goes down with time, and its functionality can become obsolete very quickly, and soon won’t be sellable.
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