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Money Matters: Go For Broke

At a time when making money work for us seems as important as ever, it’s interesting to see that there is possible value in broken, non-working or incomplete items on online selling platforms

Money for old rope? Perhaps not – but that smashed iPhone... a different story!

In the dynamic landscape of online resale, online selling platforms such as eBay have revolutionised the concept of value. Items considered worthless or destined for the rubbish bin in traditional markets find a new lease of life, retaining a reasonable proportion of their value in the process.

This phenomenon is driven by a diverse community of buyers, ranging from collectors and hobbyists to professionals and upcyclers, all looking for something unique or specific. A broken vintage camera, for instance, may hold no value for the average person, but for a collector or an artist, it’s a piece of history or a component for an art project.

Such a shift in perception about what constitutes ‘value’ has led to a flourishing economy where even items in the poorest condition can be monetised, transforming the act of selling into a form of recycling and resourcefulness.

Old mobile phones

Despite what we are led to believe, the condition of your old handset might not be as important as you think. Even a non-functional, non-smartphone can fetch a modest sum.

Tech companies often seek out such devices for parts – particularly the chip – which has diverse applications, from acting as a component to a computer server to vehicle tracking in caravans. So, rummage through your drawers for those old handsets and see what they might earn you.

Damaged tech products

There’s a thriving market for damaged tech, particularly Apple products. From a broken MacBook or an iPhone with a shattered screen, there’s likely a buyer. Outside of this, consider iPads, laptops and gaming consoles. Bundle these with related accessories like a mouse and cables and you will possibly improve the resale value.

Beauty products

High-end, luxury perfumes – even when partially used – can attract buyers. Fragrances from brands like Chanel, Versace and Dior are particularly sought after. Quality names in cosmetics and skincare retain reasonable value. Brands like Clinique, Dior and Elizabeth Arden – known for their high-end products – can still sell well.

It’s crucial to provide clear, honest descriptions and images and to be upfront about the amount of product remaining and the condition. These items can fetch surprisingly reasonable prices, reflecting the enduring allure of luxury brands.

Broken jewellery

There’s a niche market for damaged or broken jewellery, primarily when it comes to crafting or repurposing. You’d be surprised at the demand for such items, as crafters and artists look for the creation or unique items that attract a premium.

Other broken items

This category is a catch-all for various damaged items that can still have value. For instance, broken guitars, bits of crockery or even old toys. These items often find new life in the hands of creative individuals who repurpose them into art or use them for educational purposes. So, before you discard something, think about its potential second life. What seems broken or useless to you could be a valuable find for someone else.

The key to successful sales in this niche market is transparency and a good eye for what might be of value to others. Accurate descriptions and quality photographs go a long way in ensuring that your items find the right buyer, so list and revive items rather than throw them away.

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