Q:

How do you sell your electronics for cash?

A:

Quick Answer

Although local stores and pawn shops pay for electronics, it is more profitable to sell them online; eBay and Craigslist are popular resources. Preparing a thorough and honest ad can help generate interest.

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Full Answer

Craigslist connects sellers with buyers locally, and used electronics often sell at prices close to those at second-hand and pawn shops, especially for recently released items. EBay connects buyers with a national or international audience and is generally viewed as a reliable place to sell more obscure items.

Selling an item on Craigslist is fairly straightforward. After signing up for an account, users create a headline and type a description for the product. Sellers can control their listing through a link Craigslist includes in an email. EBay requires users to create an account first, and sellers need to use PayPal or another service to receive money. Both sites let sellers post pictures, and including a few pictures can increase interest.

When preparing an ad, sellers should gather information about their products. When selling a smartphone, for example, gathering information about its processor and graphics capabilities can lead to a more compelling ad. It's also important to describe the item fairly; describing a smartphone as being in mint condition when it has a few scratches, for example, can lead to problems.

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