How to make money from your cell phone contract
May 22, 2009 5:38am CST
If you have a contract phone, then you will immediately know what I'm talking about. Firstly, you have to weigh up how many text messages/talk time minutes you would use. Then, you need to find a network which allows for that for the cheapest possible price. For example, I get UNLIMITED text messages, and 600 minutes, and 1000 picture messages per month for £21. Plus at the end of 12 months, I will get a new phone for no extra cost and will get to change my tariff to any that they have at the time. Already, they have my package out at £19 per month, so I expect to be saving a couple of pounds per month at the end of the 12 month deal. But here's the thing.. When you upgrade, you can pick any phone you like from the store. I could pick a phone which is worth around £500, easily. And, because my network's phones are all unlocked, any network could insert their sim card into their phone and use it. What's my point here? Well, nobody needs a new phone every 12 months! When you get the chance to upgrade your phone, do it, and get the most expensive one you can, whether you like it or not. Then, you can sell it on ebay, or a similar auction site. I have worked out that I could be getting myself £500 every 12 months just by doing this, as I don't really mind keeping the same phone for several years on a run. There is a lot of profit to be made, you just need to know where to look and how to find it. Have any of you ever thought of doing this? And if so, has it worked?