How to Make Money with Old Electronics to Avoid Loans

Do you have a box of old, used and worn out electronics that you just don’t use anymore? If you’re a millennial then it’s quite likely you have multiple versions of tablets, various smartphones, old computers and video game consoles that are simply outdated. You’re likely overwhelmed by the clutter so what can you do with these electronic devices?

It’s simple: sell it, trade it or donate it. Remember, you don’t need to take out loans in order to launch your own electronics store. All you have to do is some legwork, or finger work online.

Old, used and obsolete electronic equipment isolated on whiteDon’t just toss it in the garbage. Although electronic waste, or e-waste, accounts for about two percent of the United States trash in landfills, it does equal to 70 percent of overall toxic waste. It’s estimated that between 20 and 50 million metric tons of e-waste are disposed globally each year.

Here are six ways you can sell your old, used and worn out electronics:

Sell it on Craigslist or Kijiji

One man’s trash is another man’s gain. This old adage rings true even today. Whether you have an old Amazon Kindle or an old PlayStation 2, you can advertise your electronic device on Craigslist or Kijiji and sell it to somebody in your neighborhood. They will usually meet you to pick up the product, and you can save money on the middle man costs.

Take Advantage of Websites

The Internet maintains a plethora of websites that allow you to sell your electronic junk and receive some dough in exchange. Right now, there are five prominent websites that help you:

What Should You do With Your Computer Parts?

Your computer may not be worth much, but the devices are worth something. In most cases, someone will buy the computer and take out the parts themselves. Or, if you’re savvy in technology, then you can simply take out the parts yourself and sell each one individually.

Create an Online Auction on eBay

If you have a room in your home dedicated to technological products and you want to get rid of the junk then create an online auction on eBay. Who knows? You may have something that is worth a lot of money (like old Nintendo games, first-generation computers and vintage video game consoles).

Trade Your Device for Credit

Since the advent of smartphones, you likely have a collection of mobile devices. Everything from each new version of the iPhone to the old CrackBerry, er, BlackBerry devices. Well, if you head on over to Apple or your wireless provider then you can trade in these devices for credit or a new smartphone (as long as you subscribe to a plan).

Donate it For the Good of the Nation

Lastly, you have one option that won’t come with any monetary remuneration or credit: donation. You may be done with your tablet, but someone else may cherish it and be happy to have something in their hands.



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