BuyBackWorld
is a popular website with a pretty clever business model. They buy all sorts of
used electronics, then turn around and resell them at discounted prices.
This is not a new idea, and
there are quite a few other sites that work the same way, but BuyBackWorld have earned
a pretty strong reputation in their niche, partly due to their streamlined,
low-stress selling procedures.
BuyBackWorld
Review – How it Works
Selling your used
electronics to BuyBackWorld is extremely simple. First, just go to their site
and use the search function to find out how much your product is worth.
They have a huge database
with 30,000+ items, so it's easy to find just about anything you can imagine.
At the top of each item
page, there's a set of check-boxes for describing the condition of your
product, with prominently displayed price quotes for each, going from highest
to lowest.
Select the box that best
fits your device, then choose a preferred payment method, and either request a
free shipping kit or print out a shipping label.
After that, all you have to
do is take the item to your local post office and send it away.
They'll check the product
to make sure it matches the condition you described. If it does, they'll pay
you the quoted price.
If they disagree, they
might offer a lower price. At that point, you can either accept the new offer,
or reject it and have them send the item back at no additional cost.
What Can You Sell?
BuyBackWorld is
interested in purchasing all kinds of used electronics products, including cell
phones, computers, cameras, watches, and gaming consoles.
Phones are a major focus, partly because consumers
upgrade them so often. It's not uncommon at all for people to buy the latest
model Samsung or iPhone, and immediately abandon their old model even though it
still works just fine.
BuyBackWorld are perfectly
happy to take those phones off your hands, and resell them to people who are
less interested in staying on the bleeding edge of tech advancement.
In addition to electronics,
BuyBackWorld will also purchase gift cards. If you're one of those people who
spends a lot of time earning extra money on rewards sites,
you've probably accumulated your fair share of gift cards for retailers like
Amazon and Walmart.
BuyBackWorld makes it easy
to turn those cards into cash money that you can use anywhere.
Earning Potential
Let's get one thing
straight – unless you have a ton of stuff to sell, you probably
aren't going to rake in a huge amount of cash.
BuyBackWorld purchases
items with the intention of reselling them later, so they're only willing to
pay an amount that allows them to earn a decent profit. Consequently, you could
probably make more money selling directly to consumers on a site
like Ebay, but that would involve a lot of additional aggravation
and uncertainty.
With BuyBackWorld, you'll
be giving up some of your potential profit margin for the sake of convenience
and simplicity, which might be well worth it for a lot of people.
Getting Paid With BuyBackWorld
Payments are generally sent
within two business days after the item passes their inspection.
You can choose to receive
your money in a variety of different ways. Paypal and direct bank deposit are
the most popular options, but if those don't work for you, BuyBackWorld can
also send a check by snail-mail, or transfer your cash to a gift card for
store-credit.
Feedback
I used ResellerRatings.com to
find opinions from regular people who've used BuyBackWorld to sell their used
items.
The vast majority of the
reviews seem to be quite positive, and the company has an overall score of
8.8/10, which is very good. Most reviewers really loved the convenience of
BuyBackWorld's selling process, and used words like smooth and pleasant to describe their experience
with the company.
There were, however, a
handful recurring complaints, mostly related to delays. It seems that
BuyBackWorld occasionally gets overloaded with items and aren't able to handle
the inspection process in a timely manner.
Additionally, certain
reviewers felt that the quoted prices were too low, and others said the
company's inspection process was overly harsh.
It seems like the vast
majority of consumers who bothered to comment had very good experiences with
BuyBackWorld, but most of the complaints also sounded
genuine to me.
Overall, it seems like
BuyBackWorld is a very good service for the most part, but you might run into
occasional problems, especially if you catch them during a particularly busy
time of year, or send them one of your older, less desirable items.
If you have concerns, it
might be better to try selling something small and inexpensive first, just to
see how things go, before sending them a $500 phone or a popular game console.
How to Get Started
To see how much money you
could get for your used electronics from BuyBackWorld, visit the site and search
for one of your older gadgets, and get an instant price quote.
Do you have any past
experience with BuyBackWorld? Or do you use another similar service instead for selling your stuff? If so,
give us a shout below in the comments section, and tell us what you think. We'd
love to hear your opinion.
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