"How I made $1,500 selling the iPhone 5s"
 

I saw this on Facebook, a friend of mine commented on the status... thought it was a joke but doing the math, wish I would have thought of this :mad:

Said he bought two iPhone 5s Gold and Silver models early Friday morning online, then sold them on eBay for an average of $950... then went into a store and bought one for himself and cost him $0.

That got me thinking...

On VZ and AT&T, you can add 5 new lines on a shared plan:

iPhone 5s 32GB @ $299 x5 = $1,495
Cancel fee of $350 each = $1,750
Avg. Sale price of $950 on eBay = $4,750
Net profit is $1,505!

It's a bit of a risk, but I'm not sure if you need to pay the "activation fee" which is $36 per line on VZ, but even still, that takes your profit to $1,325.

I checked Friday late in the afternoon and some were selling for over $1,500 EACH on eBay... WTF?!?! I read earlier today that one person paid over $2,300 for a Gold iPhone :1orglaugh:1orglaugh

I'm an Apple fan boy, but I sure as hell wouldn't pay more than retail.

Seems to be the big thing, buy the phone, cancel the contract and sell it ASAP. I wonder if the big carriers will implement something in the next few months to counteract that. They did at AT&T years ago with the iPhone 4, they changed to a $325 EFT.

Next time, I'll open a family plan at every carrier :1orglaugh:1orglaugh

Can't focus on your posts with that sig man!

Haha ? I told him that last week. I read about 2 sentences and my eyes wander down.

was there a post? :)

http://dribbble.s3.amazonaws.com/use.../eggxactly.png

:1orglaugh:1orglaugh

you forgot $600+ in paypal/ebay fees... + that $5k in paypal likely would end up locked up for 2 months...

i did the tickle me elmo back in '97 $300 a pop i had a bunch of them. gta 5 same shit! you have to know what to look for. :2 cents:

minus ebay fees and tax (assuming you run it through your business), postage & handling, your time fing about ringing up phone companies - i'd rather shit in my hands and clap than spend hours on hold to a phone company.

How sweet! :D

Or when the buyer claims the merchandise is junk, send the seller back an iphone case and reverses the charges then keeps the shiny new iphone :1orglaugh

Pretty sure people would pay offline $950.00 too, locals but yeah.

Some people are selling for 1800$ :disgust

Really? You can buy my silver one for $1500 then.

I'll get you plastic one :winkwink:

not a bad idea.

Nigs gonna nig.