Wednesday, January 23, 2008

Broken iPods, video game players, and MP3 players really have resale value?

Do you have any broken electronics around the house?

A little over a year ago, 25-year-old Brett Mosley taught himself to repair his broken iPod. Now he wants yours. He has a Web site up that will pay you for about 100 different electronic devices -- mostly iPods.

He doesn't mind if they're broken. He repairs and resells them on eBay, or strips them out for parts.

He'll also buy your broken iPhone, Wii, Xbox, Playstation, laptop computer, cell phone or Zune MP3 player.

If you're interested in selling a used or broken electronic item, you can log onto his Web site, complete a simple form, and get a quote. A price comes up on the screen. If it's acceptable, you just ship the item to Mosley and you'll be paid through PayPal or by check.


Or, try eBay.

This is something I've tried myself. Broken video game players and old cell phones have always sold well on eBay.

Last year, my teenage son bought a used Xbox from a friend down the street. It did have a problem periodically stalling, which at first he didn't think would bother him too much. However, after a while the difficulties with the game player became very frustrating. He asked me to post it on eBay for him. We split the components and games into 4 different listings. His $30 investment turned into $180.

What makes this guy super smart, is that he brought the concept to the next level. He created a nicely done Web site which lent him a professional image. Add to that, he managed to get some positive publicity. Making approximately a 25% profit on each sale, he now has a growing business, increasing 30 percent a month within the past six months. Not too bad!

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