February 5th 2024.
In today's world, we could all use some extra cash, especially with the ongoing cost of living crisis. What if I told you that you could have thousands of pounds just lying around in your house? Yes, it's true - most of us have an "electrical junk" drawer that is filled with unused devices that could potentially be worth a fortune.
In fact, across the UK, there are around 880 million working devices that are not being used - that's an average of 31 per household. When you add up the value of all these devices, it comes to a staggering £178 billion! This includes laptops, old phones, and even gaming consoles. The good news is that if you're a savvy seller and use platforms like eBay, Facebook Marketplace, or Gumtree, you could earn up to £6,000 by selling all this tech.
Of course, the amount you can earn for each item depends on its make, model, and condition. For example, selling an old mobile phone could fetch you up to £555, according to research by the Recycle Your Electricals campaign. And if you have a tablet lying around, you could earn up to £649 by selling it on re-selling sites.
But it's not just the obvious tech items like phones and laptops that people are interested in buying. Even small appliances like kettles, blenders, and electric toothbrushes could bring in some extra cash. Scott Butler, executive director at Material Focus, the organization behind the campaign, encourages people to take a look inside their "drawer of doom" or cluttered cupboards and turn their unused electricals into money.
He advises, "If your electricals are still in working condition, don't let them go to waste. Make some money off of them. Just be sure to follow our guidelines for wiping any data from your devices and use our tips to get the best price for your items. And if your electricals are broken, remember to never throw them away. Instead, they can still be reused or recycled."
Financial expert Emmanuel Asuquo, who partnered with Recycle Your Electricals, was amazed by the potential earnings from selling old tech. He says, "Usually, I'm helping people tighten their belts, but here is an incredible opportunity to earn more than half a month's average UK salary just by spending a day decluttering your home. I estimate that I have around £2,000 worth of unused electrical items in my own house. The cash is literally waiting for you in your drawers. It's a simple and effective way to declutter and reap the benefits!"
The research also revealed that one in five adults is unsure about properly deleting and transferring data from their devices. To address this, the team has partnered with We Fight Fraud expert, Tony Sales, to create a step-by-step guide for data deletion. This way, you can find out the value of your tech and sell it with peace of mind.
And remember, when you buy a new electrical device, the seller is obligated by law to recycle your old one. With that in mind, are you ready to declutter your home and make some extra cash? It's time to turn your old tech into a mini goldmine!
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