How to Beat the Recession Using Mobile Phones

Act quickly, and you can earn extra money from home.

Virtually everybody has a mobile phone these days. Everywhere you look people are chatting or texting away on mobiles. From school kids to pensioners, you can hardly walk down any high street without passing several mobile phone shops. It's estimated 15 million new mobile phones are bought each year.

While the mobile phone industry is a big business dominated by big multinationals, there just has to be a niche in there somewhere for the small entrepreneur looking for ways to make money from home. http://www.mobilephones-news.com

And I think I've found it! I'm not going to suggest you try and set up your own mobile phone network or a high street store and compete with the giants like Vodafone and Orange. I'm going to outline a profitable little niche in the mobile phone biz.

This opportunity is easy and quick to set up could make money fast.

You won't need much, if any, technical knowledge. You won't need much capital. You can work from home and it's ideal as a part-time sideline, possibly leading to something much bigger.

This is going to be a winner over the coming year.

I can hear you thinking... "But there's a recession on at the moment. No one's going to be spending £££s on a flashy new mobile!"

Yes, that's true to some extent. But you're not going to be selling expensive mobile phones. This opportunity nestles nicely at the middle-lower end of the market, dealing with used phones - perfect for the market in the current economic climate.

Right now, there are millions of people on expensive mobile phone contracts that they can no longer afford... up to £80 or more a month in some cases. Lots of them will want to downsize to a more affordable mobile and you can tap into that market perfectly. Also bear in mind a lot of people are almost addicted to their mobile phone. They would much rather do without a lot of things than a mobile. So that's another plus for this opportunity at the moment.

First, I'm going to look at mobile phone recycling. Then a clever eBay arbitrage opportunity. Both of these are very simple, and can make you between £5 and £50 or so per phone.

So let's get started...

Mobile phone recycling opportunity

This is a very easy and quick mobile money opportunity.

You may or may not already know about mobile phone recycling operators. Mobile phone recycling companies buy old phones from the public. These buyers then either refurbish the phones, often selling them to other countries in Asia, Africa or South America, or break them down into component parts and sell them as scrap.

These services are primarily aimed at buyers who want to sell their own surplus mobile phones. But there is absolutely no reason why you can't turn it into a business. Buy surplus mobiles from people locally... then sell them to these recycling companies for a small but worthwhile mark-up.

You might ask why people don't do this themselves. Well, some people do. But the fact is most don't. Many people don't know about these phone buying services. Other people simply can't be bothered to do a bit of research and post them off. With an estimated 80 or 90 million redundant mobile phones in the UK today you can see the potential for doing this.

Here's how to cash in on phone recycling:

1. Go to the mobile phone recycling companies' websites. The main ones are listed later. Make a note of the type of phones they are currently looking for and how much they pay for them. Concentrate on the phones that are worth £10 to £20 minimum.

The amount of money on offer depends on the make, model and age of the phone. It's rarely less than £5 even for a good older model, while some newish models are worth £120 or more to the phone recyclers.

Note: Most companies buy non-working phones as well as working ones but pay much less - so avoid these.

2. Now run some ads along the lines of 'Mobile Phones Bought For Cash'. Put them in your local newspapers, freesheets and advertising magazines. Try to use mainly the ones that offer free ads.

A couple of points... Normally, phones sold this way must be complete with a battery but you shouldn't send the SIM card, charger, manuals, etc. if the phone has them - so it doesn't matter if the seller doesn't have these.

So let's run through a few figures showing how this opportunity works... Occasionally you might buy a used phone for £50 and recycle it for £100. But more usually you'll be paying £10 for phones that fetch you £20 or £30. Or £5 for phones that fetch you £8 or £10. So we're not talking about big money here, but it could certainly be a handy little sideline income!