The iPhone is an Investment – How I Sold My 2G for $510

iphone.jpgMy original 2G iPhone actually made me money. I mean literally – it made me $111 to be exact! I have long been a fan of Apple products. Not only is the UI superb, but Apple focuses on the entire experience – from the hype before the product launch, the purchase of the product, to the unboxing of the product, to owning the product and making every element of the product an enjoyable experience. Not surprisingly, every Apple product I’ve owned has also held its value at the time of sale. My very first iBook died, wouldn’t even boot, and with full disclosure I sold it, DOA, for $500 on Ebay. My second laptop, a Macbook, I made $200 on it after owning it for a few months (I sold it because my job at the time gave me 2 laptops and I did not need 3). I was completely amazed, that when I decided to try the same on my old iPhone, the same thing rang true. I bought my original iPhone at $399 just less than a year ago, and almost a year later, I was able to sell it yesterday (unlocked) for $510 on Ebay. Name one other cell phone that you can do that with on the market today.

If there’s one reason you buy an iPhone it should be that it, among all the other cell phones on the market, will not depreciate near as much as that of other phones. In fact, with the continued innovation of Apple and their continued edge they seem to have on the market, the hype surrounding the iPhone could just so happen to increase the value of your old phone to higher than you bought it.

I don’t know how long to expect these inflated prices to last, but so long as Apple stays innovative, and they continue to force customers into contracts on the new 3G phones, unlocked 2G iPhones actually have a value that the new 3G iPhones do not have – the ability to buy a phone, right up front, with no contract or provider tied to it. I don’t expect the price of the 2G’s to go down any time soon. Growing up my Dad (he is an Accountant) always taught me to make purchases that were the least likely to depreciate. The iPhone is a wise financial choice to make.

Have you made money on your iPhone? Please share your stories!

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jessestay

Jesse Stay has been a pioneer in the space of social media marketing since before it was called "social media marketing". Originally a software developer, Jesse built a tool called SocialToo.com which helped brands like Pepsi, Brittany Spears, and MC Hammer grow their social media presence, and before he knew it brands were coming to him for help to grow their presence in very unique ways. His tool was featured on almost every tech blog and even mainstream news sites like New York Times, Techcrunch, and Mashable. Jesse also spent a brief period working FOR Facebook, Inc., helping them to build out their documentation to help companies integrate Facebook Connect into their websites and mobile apps. Jesse took his skills and helped the LDS Church kick off most of its social media programs. While there he helped launch the award-winning "I'm a Mormon" marketing campaign with global reach worldwide in the millions of views and followers. Jesse established new global programs at the Church to further grow its reach amongst both members and non-members of the Church, working with every department of the Church, also including entities like the Mormon Tabernacle Choir and Brigham Young University. He also helped the Church navigate its voice and presence during the Mitt Romney Presidential campaign due to the significant attention the Church was getting at the time. He established the social media advertising techniques and strategies employed at Deseret Digital Media growing over 20 million fans across their news properties in just 6 months, and was featured on AdWeek for his success. As founder and Principal of Stay N Alive, Jesse has developed very unique techniques in social media advertising to help organizations grow presences, within months on minimal budgets, into hundreds of thousands of highly relevant and engaging fans and followers. He designed and teaches social media advertising at LDS Business College. He has helped grow sales, and has a belief that yes, you CAN measure social! Jesse has been featured as one of 10 entrepreneurs to follow on Twitter (next to Biz Stone and Ev Williams, founders of Twitter) by Entrepreneur magazine. Jesse has written 9 books on the topic of social media marketing and development, including Google+ Marketing For Dummies and Facebook All In One For Dummies, and eats, lives, and drinks social media with a personal combined presence of over 600,000 followers on his personal social profiles.

0 thoughts on “The iPhone is an Investment – How I Sold My 2G for $510”

  1. I was close to making some money. Bought at $399, sold it today at $350. Granted, my old iPhone had a half-working volume rocker and some cosmetic blemishes, but I can't complain about $350. Now that it's sold. I'm beginning to think I could've put it up Buy It Now (that's how it was sold) for more.. oh well.

  2. I was close to making some money. Bought at $399, sold it today at $350. Granted, my old iPhone had a half-working volume rocker and some cosmetic blemishes, but I can't complain about $350. Now that it's sold. I'm beginning to think I could've put it up Buy It Now (that's how it was sold) for more.. oh well.

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  4. I was close to making some money. Bought at $399, sold it today at $350. Granted, my old iPhone had a half-working volume rocker and some cosmetic blemishes, but I can't complain about $350. Now that it's sold. I'm beginning to think I could've put it up Buy It Now (that's how it was sold) for more.. oh well.

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