How I Made $300 on the iPhone 4S in 24hrs

by Josh Champagne on February 20, 2012

Recently, I was observing how popular the white iPhone 4S was among my wife’s female friends. I always keep an eye out for emerging markets and opportunities, so I started thinking. My cell phone contract of which I pay a percentage (family plan split five ways) was eligible for an upgrade. I looked at AT&T’s price point for the white 4S. There was no difference in price for white or black. Either color’s base model sold for $199.

“Aha, a missed opportunity by AT&T/Apple, but not by me”, I thought.

Bringing up eBay I quickly searched for current white iPhone listings that were about to finish their auction time. Last second bids were spiking these coveted items well above the $500 price point.

So, I got on the phone, ordered the in-demand electronic marvel and waited. A few days later, the box came. Unwrapping it, I quickly jail-broke the phone (to add potential for a few more dollars at auction) and promptly listed it on eBay.

24 hours later, I’d made $300 after all my shipping, eBay fees and initial purchase price+shipping were all taken care of. No, I don’t have the bragging rights of having the latest white hot Apple item in my pocket. Instead, I’m $300 richer, thanks to other folks’ desire to have the latest in tech at any cost.

{ 15 comments… read them below or add one }

Drew @ Epicfinances.com February 20, 2012 at 2:03 pm

I understand that you have $300 more in your pocket, but you paid them with your contract. I am glad that you are happy enough with your carrier to continue paying your current rate for 2 more years, but just realize that you did pay for that $300 gain 😛

Regardless — Congrats on sale.

Reply

Josh February 20, 2012 at 2:08 pm

@ Drew: Essentially I just agreed to 2 more years of mobile phone contract which I don’t foresee changing anyway and received $300 off that service contract. :)

Reply

Nick March 7, 2012 at 1:40 pm

I used to be afraid of 2 year contracts with cell companies but then noticed I’d been with companies for much longer than that anyhow. I agree – take the $300.

Also, if the company really screwed you over during the 2 years, the contract is more flexible than many people think…

Reply

Daisy March 7, 2012 at 11:10 pm

Nice! I had thought of doing this before, but I hate my cell phone company and pay too my for the service so I figured it wouldn’t make much of a difference for me. I wonder why white is so popular. My iPhone is white.. I love it.

Reply

Adrienne March 8, 2012 at 6:32 pm

I just stumbled across your blog and this is awesome! Thanks for sharing. This is a very creative way to make a profit!

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