How to Get Cash for Your Old Electronics

By Shawn Farner

If you love consumer electronics, buying a new gadget can pose a dilemma. While you can claim bragging rights to owning the latest and greatest new thing, your old gear will be sitting unused on a shelf, taking up space. If you'd like to dispose of your old electronics, several websites and businesses may take the items off your hands and put some money in your pocket.

Step 1

Gather all of the parts and accessories included with the device when you bought it. For instance, if you are selling a smartphone, make sure you have the charging cable and any memory cards shipped with the phone. If you still have the original box, that's a definite plus.

Step 2

Back up any important data stored on your device, if applicable, and then reset it to the factory defaults. This erases your personal data and restores the operating system back to the original settings.

Step 3

List your old electronics on Craigslist (link in Resources). This is by far the best way to get the most value for your device. Include photos of the item you are selling and an accurate description of its condition. To set the price, search around on the site to see what others are asking for comparable items. This will give you a good idea of what your gear is worth. Be sure to state "cash only" in your ad, as some users may contact you to offer trades or payment by check or PayPal.

Step 4

List your old electronics for sale on eBay if your Craigslist ad doesn't bring results. Again, include photos and a description of the item's condition. Browse eBay to see how others are pricing similar items before you decide on a price for your own device.

Step 5

Sell your items through an electronics buyback company. If you don't get results on Craigslist or eBay, this may be your last resort. Buyback companies typically pay far less than buyers on Craigslist or eBay, but if you'd like to get something for your equipment and be done with the process, sites such as Gazelle, Nextworth and Amazon Trade-In might put some cash in your pocket (links in Resources).