How to Beat the Recession Using Mobile Phones
Act quick, and you can earn extra money from home.
Virtually everyone has a mobile phone these days. Everywhere you look people are chatting or texting away on mobiles. From school kids to pensioners, you can hardly walk down any high street without moving several mobile phone shops. It's estimated 15 million new mobile phones are bought every year.
While the mobile phone industry is a big business dominated by big multinationals, there just has to be a niche in there somewhere for the small entrepreneur looking for ways to make money from home.
And I think I've found it! I'm not going to suggest you try and set up your own mobile phone network or a high street store and compete with the guys like Vodafone and Orange. I'm going to outline a profitable little niche in the mobile phone biz.
This opportunity is easy and quick to set up could make money fast.
You will not need much, if any, technical knowledge. You will not need much capital. You can work from home and it's ideal as a part-time line, possibly leading to something much bigger.
This is going to be a winner over the coming year.
I can hear you thinking … "But there's a recession on at the moment. No one's going to be spending an EKK on a flashy new mobile!"
Yes, that's true to some extent. But you're not going to be selling expensive mobile phones. This opportunity houses nicely at the middle-lower end of the market, dealing with used phones – perfect for the market in the current economic climate.
Right now, there are millions of people on expensive mobile phone contracts that they can no longer afford … up to £ 80 or more a month in some cases. Lots of them will want to downsize to a more affordable mobile and you can tap into that market perfectly. Also bear in mind a lot of people are almost addicted to their mobile phone. They would much rather do without a lot of things than a mobile. So that's another plus for this opportunity at the moment.
First, I'm going to look at mobile phone recycling. Then a clever eBay arbitrage opportunity. Both of these are very simple, and can make you between £ 5 and £ 50 or so per phone.
So let's get started …
Mobile phone recycling opportunity
This is a very easy and quick mobile money opportunity.
You may or may not already know about mobile phone recycling operators. Mobile phone recycling companies buy old phones from the public. These buyers then either refurbish the phones, often selling them to other countries in Asia, Africa or South America, or break them down into component parts and sell them as scrap.
These services are primarily aimed at buyers who want to sell their own surplus mobile phones. But there is absolutely no reason why you can not turn it into a business. Buy surplus mobiles from people locally … then sell them to these recycling companies for a small but worth mark-up.
You might ask why people do not do this themselves. Well, some people do. But the fact is most do not. Many people do not know about these phone buying services. Other people simply can not be bothered to do a bit of research and post them off. With an estimated 80 or 90 million redundant mobile phones in the UK today you can see the potential for doing this.
Here's how to cash in on phone recycling:
1. Go to the mobile phone recycling companies' websites. The main ones are listed later. Make a note of the type of phones that they are currently looking for and how much they pay for them. Concentrate on the phones that are worth £ 10 to £ 20 minimum.
The amount of money on offer depends on the make, model and age of the phone. It's rarely less than £ 5 even for a good older model, while some newish models are worth £ 120 or more to the phone recyclers.
Note: Most companies buy non-working phones as well as working ones but pay much less – so avoid these.
2. Now run some ads along the lines of 'Mobile Phones Bought For Cash'. Put them in your local newspapers, freesheets and advertising magazines. Try to use mainly the ones that offer free ads.
A couple of points … Normally, phones sold this way must be complete with a battery but you should not send the SIM card, charger, manuals, etc. If the phone has them – so it does not matter if the seller does not have these.
So let's run through a few figures showing how this opportunity works … Occasionally you might buy a used phone for £ 50 and recycle it for £ 100. But more usually you'll be paying £ 10 for phones that fetch you £ 20 or £ 30. Or £ 5 for phones that fetch you £ 8 or £ 10. So we're not talking about big money here, but it could certainly be a little little sideline income!
Use this simple eBay arbitrage opportunity to make £ 100 a week
If you're into eBay here's another simple little buy-sell opportunity you might be interested in.
Search on eBay for used mobile phones using the 'Completed Listings' facility. You are looking for phones that finish around £ 10 minimum. Make a list of all the makes and models of phone that do this. Come back to the search in about a week. Do another search and add the same phones to your list.
Now run some ads in your local newspapers, freesheets and advertising magazines. Use the same ad I showed you earlier but ask SPECIFICALLY for the type of phones you have identified as strong eBay sellers, offering a minimum £ 5 for them.
Now you can list all the phones on eBay, knowing that you're actually guaranteed to make a profit. Ten phones a week at the minimum £ 5 mark-up will make you £ 50, twenty phones a week will make you £ 100. OK, we're not talking big money but it's not bad at all for a couple of hours work a week!
Better still, if you run this along the recycling opportunity you will soon know which is the most profitable outlet for a phone you buy. If you can get more for it on eBay sell it on eBay (which is how some of the recycling companies resell their phones anyway). If you can not, or you're unsure, just send it off to the recycling company!
Whichever methods of reselling your mobiles you plump for I'm sure you will not be disappointed with the potential. I think this opportunity will be fantastic over the next few years. Everybody wants a mobile phone. No matter how tough things get they will not want to give it up (who wants to go back to using phone boxes?). But a lot of people will not be able to afford expensive contracts, or swanky new phones. You're offering a great cost- effective solution in these cash-strapped times.
It's also a great business that you can expand or change to suit the climate, your experience and the type of commitment you want. It could offer you anything from an extra £ 50 or £ 100 a week pin money, to potentially a couple of thousand or so for a bigger business.