There are many ways to gain extra income by selling your old or new items. All you need is a good strategy!
CONCEPT STORES
The new wave of retail came in the recent years due to the boom of concept stores that integrate different types such as blog-shops or locker pop-up spaces. Concept stores or consignment stores fuse different brands in one house. Be advised that the store will take up rent fees as well as a cut from your sales. Many people are attracted to concept stores due to the convenience of having items sold in one place without worrying about various listings. You have to decide whether this works best for you.
PAWN SHOPS
When I was in Bangkok, I noticed that our driver watched The History Channel’s Pawn Stars during his downtime. The show revolves around a family spearheaded by owner Rick. People bid some of the most unique collectibles they hid in their basements. Pawn shops are good places to sell your ancestral jewelry, musical instruments, and other collectibles. You would get the most out of your money when you have your item appraised in person. Nonetheless, it is convenient to have others sell your items in an immediate period of time. Some of the Pawn shops in the country include Toa Payoh’s Min Tai and Tanjong Pagar’s Ban Joo.
GARAGE SALES
Whether you want to get rid of several items or you want to share your unused items, you could house a garage sale at your house. Prepare a space in your flat to showcase your items in a pleasing manner. Make invitations to give out to your friends and neighbors. Garage sales entail a traditional way to eliminate unwanted items.
Alternatively, you may rent a space for cheap. I found a website that offers cheap spaces for as low as S$10 per day. It is an eleven sq. ft. display counter at Suntec. Or, you may rent a forty-dollar per day space at Orchid Hotel.
ONLINE APPS
One of the easiest ways to sell your new or old products thru a smartphone is with Carousell. Simply snap a product, include basic information, and post it thru the app. Items on Carousell are presented in an Instagram-style grids. Buyers can leave public or private comments when they are interested. The only downside is that Carousell does not support any form of payments. Most users either meet up or do bank transfer to fulfill a deal.
Singaporeans looking to support their iPhone habit would do well to heed Apple’s release schedule
SINGAPORE, MONDAY 25 SEPTEMBER 2017 – Now that the iPhone X is straying perilously close to costing an actual kidney, trading in your old iPhone to help defray the cost of a new one is a more popular option than ever. But because the market has a tendency to push prices down when there are more people looking to sell their old iPhones (a well-observed economic principle – price goes down when supply goes up), you wouldn’t know if the trade-in price offered at your telco or handphone shop is a good deal or not.
To help you avoid rip-offs, we asked everyone’s favourite online marketplace Carousell what your soon-to-be-replaced iPhone is worth on the second-hand market. Here’s what we found out.
What Do the Numbers Mean?
We apologise for triggering all the traumatic flashbacks of Statistics class you’re probably suffering right now. We wanted to make sure we dealt in scientific data, and not simply hearsay from a lazy walkabout at Tanjong Pagar Plaza. Quick explanation: The median price represents the midway point of each model’s price range. So in the case of the iPhone 7, 50% of all handsets were sold for more than S$820, and 50%, less than that. How much higher or lower? For that, we look at the numbers in the next two columns to the right. These give us a good idea of what low and high prices look like for that particular model. They do not represent the absolute lowest nor highest prices for each model. So, putting it all together: If you get offered S$800 for your iPhone 7, that’s a bit on the low side. S$850 to S$950 would be an ok price, and you shouldn’t hesitate to take any offers coming in at S$1,000 or more.
The Value of Older iPhones Declines Exponentially
Eyeballing the figures from Carousell, you can see that the value of your old iPhone suffers a dramatic decline after one generation. As at September 2017, an iPhone 7 commands a respectable median price. You’ll also notice that the spread between prices is still relatively tight.
But when it comes to an iPhone 6, the median price plunges by more than half. And it gets worse as we go down the ladder to older iPhone models, but you were probably expecting it anyway.
Actual Selling Prices Differ According to Condition
The actual price you will get for selling your old device will depend on a number of factors. Chief of these is the condition your handset is in. “While little scratches and scuffs aren’t deal-breakers – many of our users are upfront about these details and still successful in their sales – people will generally prefer and will pay more for iPhones in the best possible condition,” says Lucas Ngoo, Co-founder and CTO of Carousell. As you’d expect, a perfectly working model with all its original parts intact will fetch a higher price than one that had undergone part replacements. (Think about how damaged the internal circuitry must be after going through at shocks serious enough to shatter the screen.) If you can provide the original box and accessories (such as charging cable and adapter, and never-been-worn headphones) you can probably command top prices. And, because this is Apple we’re talking about, you can expect to charge a little higher for devices with larger storage.
Is it Worth Selling Your Old iPhone?
At this point, you may be wondering if it is even worth selling your old iPhone. The answer is: yes, especially if it’s the latest model. As Carousell’s data show, the iPhone 7 is trading hands at prices near to those of a brand-new set direct from the Apple store. This is probably as good as it gets. But even if all you have is an iPhone 6 or earlier, you can still sell it off and use the money to pay for other things you need or want. For example, while the S$60 you’ll get for selling your iPhone 4 puts nary a dent in what you have to pay for the iPhone X, you could still get a decent pair of shoes for it, or a new computer game.
A Result of Planned Obsolescence?
In case you’re not familiar with the term, planned obsolescence is an actual thing that manufacturers are doing. Basically, the products we buy are designed to last only up to a certain period. Beyond that, they are expected to fail. This practice corrals consumers onto a schedule for replacing the things that we’ve come to rely on. And it’s not just consumer electronics, car or light bulbs either. When it comes to iPhones, the message seems to be: keep up with Apple’s schedule; it’s the most rewarding way to enjoy their products. Especially in light of the record-breaking price of the iPhone X.
Are you in need of party supplies to use for the Birthday or the Mother’s Day coming up? What if you are hosting a themed party at home? You will need a variety of dramatic, novelty, or scary decorations of course. Whether you are hosting a safari-themed Birthday or a floral Mother’s Day celebration, here are the Best Shops For Wallet-Friendly Party Supplies In Singapore…
1. DAISO
If all the party goods in a shop cost S$2, you may never want to leave. Daiso offers party decorations, toys for give away, and glowing materials. You may buy a banner that says: “Happy Birthday” or “Happy Mother’s Day” to decorate your feast wall. Daiso has 7 outlets nationwide including one in Vivocity, IMM Building, and Plaza Singapura.
2. SPOTLIGHT
A popular crafts hub, Spotlight sells different kinds of inexpensive party decorations, table dressings, cake decorations, ribbons, toys, and candies. All the crafts materials that you will ever need could be found here.
Image Credits: spotlight.com.sg
Location: 68 Orchard Road, Plaza Singapura, Level 5
3. CAROUSELL
You would be surprise that Carousell, a mobile marketplace for bargain items, sells several party supplies too. My favorite item is the “Colourful Paper Straws For Party” priced at S$3/25 straws.
What I like about The Party Stuff is that they have party decorations for a wide selection of themes such as: Plaid Baby, Sports & Army Camouflage, Hawaii & Poker Night, Princess, and Superheroes. They offer party decorations, balloons, tableware, party favors, cake decorations, and costumes.
For S$5.95, you can buy the “Boom Wow Confetti Butterfly”: a handheld confetti cannon launching colorful Butterflies in the air. Also, take advantage of their Mother’s Day special 18″ balloons for S$7.90.
MTRADE is an online novelty wholesale store in Singapore. This store has countless of goods to offer including Personalized Party Items, Party Favors, Party Accessories, Stationery Gifts, Inflatable Items, Games, Tableware, Cake Decoration, and Confetti. These are sold at very affordable prices of course! For example, 8 pieces of party hats costs about S$3.50-6.90 while a piece range costs about S$0.40-1.30. I recommend their Glow Stick Bracelets sold at S$4.50/45 pieces.
Image Credits: mtradenoveltystore.com
With its organized website at mtradenoveltystore.com, you can either shop by price or shop by category.
Start your year with a clean slate by tossing out, repurposing, or donating these 5 hoarded items that are scattered all over your house…
1. OLD GREETING CARDS
One of the common things that people hoard are greeting cards because of its sentimental value. You may keep the special or handmade greeting cards given to your by your family and friends as long as they hold a significance.
But toss the cards that are for novelty, company greeting cards, or those who are given to you by people whom you barely know. It is nice to cherish these cards during the season but once the holiday is over, all these cards do is just create a stack of clutter.
2. CONTAINERS WITHOUT A LID OR VICE VERSA
When you store your leftovers, you will realize that some plastic containers do not have a lid while other lids do not have containers. Save your effort of trying to find these missing parts by tossing the extra pieces. Another thing that you can do is to use big containers as a place to store your make-up or remote control. This way, you do not have to buy a new organizer.
3. CARTON OF CORDS AND CABLES
Every house has a carton of cords filled with extra cords that are perceived to be useful in the near future. Guess what? They never are. Cords and cables get obsolete as technology advances so, toss everything to the garbage bin. Label your current cords and cables by putting placing a masking tape so that you can easily find what you are looking for.
4. OLD AND MIS-MATCHED CLOTHING
Arrange your closet and search for old t-shirts and mis-matched clothing. Toss your mis-matched socks because you do not have any use for it. While, your old t-shirts can be used as rags. But, if it is still in good condition, donate it for charity.
5. FREE MUGS, CUPS, AND WATER BOTTLES
Who can resist something that is free? You probably got one to many free company mugs or water bottle freebies from your rewards card. These things only stack up so, unless it fits your home decoration and you actually use it, sell everything online.
Image Credits: Tomi Tapio K via Flickr
Go to Gumtree, eBay, and Carousell to sell your mugs, cups, and water bottles that you have not used. By doing so, you did not only save space but you also made money.
The cost of your hand phone accessories range from $2 to $100+, but its expense adds up together. Hence, it is paramount to be savvy in purchasing hand phone accessories to save money.
1. USE A SOCK ON IT
Instead of buying a new phone case, try to buy a new pair of toddler socks. The phone fits perfectly inside the sock and it is easy to see in your purse. It not only protects your phone to serve its purpose but it also has a wide range of cute designs to choose from.
2. BUY HAND PHONE ACCESSORIES ONLINE
Do not rely solely on the gadget shops in the malls that sell hand phone gear, also explore good prices in the Internet such as: Amazon, eBay, and Carousell. Online stores have sales and clearance of their last year stocks where you can save money. It is important to shop around, and compare prices before purchasing to get the best deal.
3. PROTECT YOUR CHARGER CABLE WIRE
The cable chargers of Apple products usually break and bend. This urges Apple users to buy another costly cable for the Mac store. The solution is simple, take the spring from your old pen and put it on the cable wire. Or, you may buy plastic cable wire protectors for $1.50 to $2 from Carousell.
Image Credits: Raul Gonzalo via Flickr
4. DO YOU REALLY NEED AN EXTRA BATTERY?
Rethink if you really need an extra battery before buying them. Some smart phones do not have an option of replacing the battery by your own. So, it is wiser to invest on an extra charger for your office or your car.
5. STOCK UP YOUR OLD HAND PHONE ACCESSORIES
Do not toss your old hand phone accessories such as your car charger because phone companies may revert back to their old power cord. Instead, clean your silicone phone case in the dishwasher or sell your stuff online to earn more.
