Make money from your old mobile
Most of us now have a whole drawer full of old mobile phones we no longer use. But while it makes sense to keep one spare for an emergency why not sell off your old handsets and earn some extra cash?
A raft of mobile phone recycling websites have sprung up over the past couple of years. These include mazumamobile.com, fonebank.com, envirofone.com and mobilephonexchange.co.uk.
The sites basically all work in the same way; you enter the make and model of your phone and the site gives you a price. If you accept it you send off your handset and the company sends you a cheque for the amount.
However there are some sites that do the hard work for you, such as sellmymobile.com which compare the results of all the phone recyclers in the market to ensure you get the best price.
Research by sellmymobile.com says consumers risk losing out on as much as £76 a phone by not shopping around.
The site says the average value of an old mobile phone has risen to a new high of £65, but some handsets fetch much more. Recycling a 32GB iphone, for example, could earn you more than £300.
Sellmymobile.com compared the prices offered by different sites for a selection of popular handsets and found some big discrepancies.
For example, mfyp.co.uk (money for your phone) would offer £90 for a BlackBerry Storm 9520 but earthmobile.co.uk would pay just £14 for the same handset, £76 less.
Someone selling a 32GB iphone could get £302 from phonerecyclebank.co.uk but £240 from rpcrecycle.com, £62 less.
Keir McConomy, managing director of sellmymobile.com, says: “There are as many as 68 million unwanted old mobile devices lying around UK households. "With the average value of phones sold through sellmymobile.com increasing to £65, there’s no question that we are sitting on a potential treasure trove of billions of pounds worth of old phones that Brits could cash in.”
If you're not impressed by the prices offered by recycling sites, you might want to put your phone up for auction on ebay.co.uk. You can set a reserve price so you get a minimum amount for your phone and then invite people to bid for it.