I’ve been an eBay user for at least 13 years now. Until recently, I listed items I wanted to sell through eBay’s auction. In the early days I had success selling items for a good return. Now my items seem to get lost in the shuffle that is the eBay vastness.
eBay Instant Sale. I just sold my iPad 2 to eBay through Instant Sale and my iPhone4 before that. The process is quite simple.
Head over to the site and locate the item you wish to sell. After you complete a condition form, they will make you an offer - it’s contingent upon them receiving the item and reviewing its condition. The offer is usually below market value if you were to sell it yourself but I don’t really mind. The time I save for a guaranteed sale is worth the difference to me (and you don’t pay listing fees or need to worry about shipping it to a buyer). If you accept the offer, a shipping label is provided. Go to the nearest FedEx drop-off and you’re almost home free. eBay will notify you when they’ve received notice your item has shipped, received it at their warehouse and the result. I mailed my iPad2 off Friday afternoon and received a PayPal notice that cash was in my account by Monday morning.
Tip about Pricing
It is important to note that Instant Sale offers can drop sharply within days of a new product launch. For example, I sold my iPad2 to them the first day the iPad3 came out. A few days later the Instant Sale offers are almost $100 lower. Why? Probably because they have purchased enough to supply the market or they know everyone is trying to unload their iPad2s. If you wait days after a new product launch to sell the previous version, I would consider looking at eBay auctions.
Who else is in this marketplace?
Looks like Amazon is taking a similar approach with electronics but you receive a gift card instead of cash. Best Buy is also stepping into the game. I bought my iPad3 from them. If you buy your item from Best Buy, you can purchase into a guaranteed buy-back program. I think it was $50 to enroll – I was able to get them down to $25. Within one year, if I return the item to them, they will pay me 40 percent of the iPad3 price through a Best Buy gift card. After that it goes down 10 percent every six months. If Best Buy’s program pays more than eBay’s, I will probably sell my iPad3 back to Best Buy and apply that amount to the iPad “4”.
What’s your experience with electronics buy-back programs? Worth it?