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The Rise of Second Hand Phone Buyers

Phones released in 2016

We’re only a few months in to the year, and already 2016 has seen a raft of new smartphones hit the market. Is the new iPhone SE going to be a big hit or has Apple reached its peak? Are the high spec Samsung and LG devices going to do as well as the hype?

 

While all of these new devices are grabbing the headlines, something which no one is talking about is the rise of the second hand phone market – an area of colossal growth and expansion which, due to its magnitude, may eat in to new device market share this year. According to Technavio, in 2013 about 5.4 million phones were recycled in the UK. By 2018, it is predicted that this figure will have exploded to over 16 million. The mobile phone recycling industry is booming. If you go to buy a new phone from a high street chain, they will all offer money off a new handset if you exchange your old one. This is something we identified at SellMyMobile.com a long time ago, which is why we wanted to offer people a quick and easy was to see where they could get the most cash for their old phone.

 

Mobile Phone Recycling

 

So why the sudden boom in mobile phone recycling and second hand buyers? Firstly, it’s important to look at what is happening to these phones. A few years ago, if you traded in your old phone, it’s likely that it will have been sent off to another country like Hong Kong or China to be refurbished and reused. But now the majority are being resold in the domestic UK market. Why is this? We’re seeing a shift in market patterns. Over the past few years, we’ve seen a huge uplift in the number of consumers taking out SIM only plans. Whereas before you had no option but to be tied in to a lengthy mobile phone contract, now you can buy a phone outright and take out a SIM only deal. These SIM only deals are much cheaper because they don’t include the cost of the handset. People don’t want to be tied in to 24 month contracts anymore. Paying £15 per month for a SIM only contract with plenty of minutes and data is a lot more appealing than paying £45 per month for a contract which includes a new phone. As a result, we’re seeing an increase in the number of people who are choosing to buy second hand, or refurbished, phones – especially at the top end of the market. A brand new iPhone 6 64GB costs £539, whereas you can buy a refurbished iPhone 6 64GB in top condition for £100 cheaper at £436.50, or a lower grade version for £382.50, which is a huge saving.

 

As more people are happy to buy second hand or refurbished phones, the demand for them increases. So much like in any market, the resale value of those phones also remains high because they are still in demand. For example, in the past when a new iPhone device was launched, we would see a steady drop in the resale price of older models. But now we’re seeing Apple devices retain their value for longer. You can currently get up to £431.05 for an old iPhone 6S 64GB if you recycle it through SellMyMobile.com. If you were to buy top condition second hand iPhone 6S it would cost a similar amount – so there isn’t much profit being made by the resellers as the demand for older phones is still high.

 

 

SellMyMobile.com keeps track of changes in values, allowing consumers to find the best place to sell their handsets. This ease of access has made it easier for people to step into the second hand market, which in turn means more second hand phones are available for others to buy.

 

In many ways, it’s the current state of the high end mobile phone market which has led to a boom in the second hand phone market. The inflated prices of handsets and contracts has added barriers to entry for consumers, particularly millennials who are keen to change devices often rather than have to wait for two years before they can get a new phone. As demand for phones continues to increase, we’re sure that we will continue to see the second hand recycling and resale market continue to boom. So if you’ve bought a new handset, make sure you recycle your old one and shop around to ensure you’re getting the best deal with your new handset.

Spring Clean Your Life

Ten Ways to Spring Clean Your Life

 

 

Spring Clean Your Life

 

It’s official. We’re a nation of hoarders. The latest reports claim that the average Brit owns over 58 items of clothing but only wears a third of their wardrobe regularly. As well as clothes cluttering up space around the home, we’ve also got all sorts of other items lying around, from old school books that haven’t been opened in years, to CDs and DVDs which are quickly being replaced by phones and TV services like Netflix. We recently did some research at SellMyMobile.com which shows that we’re also hoarding old tech, as the average Brit has more than two unused phones at home, and 1 in 10 (9.9%) are holding on to five or more old devices!

 

Now that the weather is brightening up, why don’t you use it as a chance to turn your annual spring clean into a home declutter too? If you haven’t used something in over a year, the chances are you’re not going to need it this year either, so why not get rid of things you’re no longer using? As well as being a good way to clear the house, it can also be rather good for cleaning the mind too.

 

If you’re worried that throwing things away just creates more rubbish in landfill sites, there are many recycling services and people who will happily take your old items so they go to good use. Many will even pay for your old junk, so why not start spring cleaning and you could make quite a bit of extra cash in the process? To help you get started, here are our top ten tips on how to spring clean your life this year.

 

Recycle your phone with SellMyMobile.com

 

 

1. Recycle your phone with SellMyMobile.com: Your old phone could be worth around £120 so why don’t you quickly check how much it’s worth on SellMyMobile.com? SellMyMobile.com compares resale prices from across the best phone recyclers so you know you’re getting the best deal. Then just post off your phone for free and wait for the money – either via cash, check, direct bank transfer or shopping vouchers depending on what you would prefer!

 

 

2. Get rid of old glasses: Do you have any old prescription glasses which you can no longer use and they are just gathering dust in old drawers? 13 million children worldwide are visually impaired because they don’t have glasses. So don’t let your old specs go to waste. Donate them to Vision Aid Oversees by dropping them off at a local collection point and they will go to someone who needs them

 

Sell your old clothes online

3. Sell your old clothes online: If you have clothes which you no longer wear but they are still in good condition, why not sell them online? Sites like Vinted and Preloved are good ways to sell, swap and buy second hand clothes. Or if you’re feeling charitable, take them to a charity shop and give them away for free

 

 

4. Say goodbye to winter… We know that you may not want to throw out all of your old clothes. But if you’re not likely to wear your winter clothes for a few months, pack them away and fold them up so they are flat and take up as little space as possible. Vacuum Pack stage bags are a great way to save space and protect clothes from dust while they are not being used.

 

 

5. … and hello to summer. But be organised. After you’ve packed away your winter clothes, take a good look at your summer wardrobe. Do your clothes still fit you? Did you wear them last year? If not you’re unlikely to wear them again this year, so be ruthless and add them to the recycling pile

 

Sell your old CDs and DVDs

6. Sell your old CDs and DVDs: Do you have a pile of DVDs and CDs lying around gathering dust that need to be decluttered? Sites like Music Magpie and Zapper will give you an instant price for old CDs/DVDs so you can send them off for free and the money will appear in your account in a few days.

 

 

7. Spring clean old makeup: You would never eat food which has gone past its sell by date, so why do so many people hang on to old makeup and moisturisers which haven’t been used in years? Check the use by date and spring clean your makeup bag if you haven’t used items in a few months. Give and Make Up will even accept old toiletries, with the exception of mascara and lip glosses which need to be new

 

 

 

Carboot Sale

 

 

 

8. Carboot sale: If you have a random assortment of items that you no longer need, but feel that they may still be worth something to someone, have a look at local car boot sales where you may be able to sell things on. Websites like Car Boot Junction help you find car boot sales that are happening in your area

 

 

9. Give it away: If you’re just looking for a quick way to pass things like furniture on for free, try listing your old stuff on sites like Freegle. It’s great for giving away old furniture in need of a new home

 

 

10. Tidy up your bills: Too many people are over paying on their gas and electricity energy bills. Sites like USwitch can help you save up to £567 per year on energy bills so make sure you’re getting the best deal

 

Even if you only manage to throw out a few things whilst decluttering your house, you’ll be in a good shape for the year ahead – and may have even made a few pounds when doing so! Let us know how you got on in the comments section here.

2016: The year of the Chinese smartphone manufacturer?

Chinese smartphones

 

Though Apple and Samsung are widely considered to be the largest names in the UK smartphone market, more and more have started turning towards Chinese smartphone makers over the last year. Many of these manufacturers – Huawei, Xiaomi, and ZTE – are largely unknown to people here, but their impact is certainly being felt on the global stage. Of the top 12 smartphone manufacturers, nine are based in China – and these nine companies account for more than a third of the world’s total smartphone market. So why are we seeing this growth now, without high marketing budgets pushing sales? Who are the main manufacturers that are leading the expansion into the UK? And most crucially, what will be the impact of these companies in 2016 and beyond?

 

 

Who are the big players?

 

While there are a number of Chinese phone makers, three major players stand out as ones to watch in 2016.

 

huawei

 

 

 

  • Huawei – the world’s third biggest smartphone manufacturer – is a major contender in the market. The company recently released the Honor brand which boasts high performance for mid-tier pricing. This was a financial and expansionary success for Huawei: in the first half of 2015 the brand announced that it had sold 20 million units and generated $2.63 billion in revenue, stamping their feet as a key player in the market.

 

  Xiaomi

 

 

 

  • Xiaomi, sometimes known as the ‘Apple of China,’ is one of the most popular brands in the Chinese domestic market. Though the company is only five and a half years old, it has grown into a major contender in China by offering high end phones at mid-range prices – with a slim profit line, but fast expansion. They are not reliant on mass marketing to increase brand awareness either – instead they sell from a dedicated website online, cutting the costs of distribution and advertising themselves through social media.

zte

 

 

 

  • ZTE is an influential company as well and is one of the biggest smartphone manufacturers in China. But though the company is a major distributor, it lacks the international presence of Huawei – although the company’s phones have been white labelled for carriers in the past, especially in the US. Its Axon range of products are flagship-level smartphones at a fraction of the price of the competitors. ZTE hopes that phones like this, which balance price and specs, will penetrate the consumer market even more.

 

Why now?

 

China represents 30% of the world’s smartphone sales, and the vast majority of these sales are domestic, while Samsung and Apple’s profits are largely derived from exports (source: IDC). However, the Chinese market is reaching its saturation point, and domestic manufacturers wish to expand their influence to continue their expansionary momentum.

 

The Chinese government is helping these manufacturers to flourish. The expansion abroad has been largely promoted through tax breaks, and relaxed labour and environmental standards to make sure that costs are kept low to compete in an incredibly competitive international market. Shenzhen, the manufacturing heart of China, is a central city devoted to the production of technological goods, driving down the costs of production. Some companies are also entering into partnerships companies like Google. Recently Huawei partnered with Google to produce the Nexus 6P, as an attempt to integrate the brand more widely in other markets.

 

But perhaps the greatest contributor to its rapid growth is its distribution method. Rather than adopting a mass marketing, expensive campaigns to drive brand awareness, companies have focused on delivering high-performance phones through online only stores. Consumers purchase the phones online and then go SIM-only, thereby giving them the freedom to buy new phones without tying themselves into long-term contracts.

 

Is 2016 the year of the Chinese phone manufacturer in the UK?

 

While these brands are tipped to grow in 2016, the impact is still to be seen – Huawei currently holds just 1.3% of the market share in the UK, far less than likes of Apple, Samsung, HTC, Microsoft and Sony. Services like Uswitch.com don’t list any of the Chinese makers in their top ten list of best phones (December 2015), so these brands still have a long way to go here.

 

At the moment, trade-in figures of these phones observed through SellMyMobile.com relatively low, although we have seen a 50% increase in Huawei trade-ins over the past year. But while a flagship Huawei device, like the Huawei P8, can be bought for new for around £300, its trade-in value is just £70. This is in contrast to Apple and Samsung devices which hold their values for much longer. A brand new iPhone 6S 16GB costs around £539 new, and resale value is currently £375. This shows that the Huawei device drops in value by about 76%, but a top end Apple only drops by 30%.
By engaging in online-only sales and marketing, and undercutting the competition with high-end mobiles for a good price, these Chinese manufacturers are likely to continue to become more popular with time. This will likely impact the consumer’s purchasing patterns for new hardware as shoppers are more likely to experiment with new brands, taking out SIM only contracts and buying cheaper high spec phones outright. However, if they do not ramp up marketing efforts on a par with Apple and Samsung, they still have a long way to go before becoming household names in the UK.

 

 

Only time will tell whether 2016 is set to be the year of the Chinese smartphone maker, but at SellMyMobile.com we love the fact that consumers have more choice than ever before, and we’re excited to see what happens!

10 top tips on how to protect your phone from cyber attacks

cyber attacks

 

It’s one of the biggest times of the year for online shopping, and a lot of that browsing is done on mobile phones. But malicious attacks on shoppers increased by 40% on Cyber Monday (source: EnigmaSoftware.com) and unfortunately if recent trends are anything to go by, it’s likely we may see a similar increase this year.

 

But it’s not all doom and gloom. The number of cyber attacks on mobile devices is still a lot lower than on traditional PCs, and developers have learnt lots from the early internet days. Smartphone operating systems have been designed with more rigorous security measures in mind, and we’re all aware of mobile security threats.

 

But as we’re using our phones more, and as we’re storing more on those phones, there are still lots of things you can do to safeguard your device to ensure you don’t put your personal information at risk.

 

cyber hackers

 

 

Here are SellMyMobile.com’s top ten tips on how to protect your phone from cyber attacks:

 

1. Set a password…and make it a good one: It sounds obvious, but a poll by McAffee revealed that 30% of people still don’t password protect their phones! If you don’t have a password, you risk putting all of your information at risk by handing it over to anyone who has control of your device – and if you’re using your phone to pay for things, you’re basically handing over your wallet too. As well as traditional text and numerical passwords, it’s also possible to set passwords based on pattern recognition. These are more secure as there are lots of pattern variants to choose from, making the password harder to crack. Modern smartphones also include biometrics so you can set passwords based on things like fingerprint recognition, too.

 

2. Always update your software: Always update your phone so that it is running the latest version of the operating system. Not only will this make your phone run better, but most importantly each update closes known security vulnerabilities. On a similar note, never jail-break or root your phone – i.e. don’t remove software restrictions put in place. If you do, you’re more vulnerable to cyber attacks because you won’t be able to update to the latest version of the operating system when it comes out.

 

3. Keep Bluetooth turned off unless you need it: If you’re not using your Bluetooth, make sure you turn it off. This is another way that unknown apps or viruses can be sent to your phone, so it’s best to keep it off. Turning your Bluetooth off will also help your battery life, too!

 

4. Avoid unknown Wi-Fi networks: Hackers sometimes set up fake wifi hotspots to do ‘man-in-the-middle’ attacks. So while you’re running on that wifi network, they will see everything that goes through it – including all of your passwords

 

5. Check your bill: With online billing and unlimited call plans, it can be easy to not think about your phone bill. But do take a look at it as you’ll be able to quickly spot any suspicious charges as soon as they happen. The same goes for checking bills which are linked to your phone, like bills from apps and music service providers. Have a look and make sure that only things you have paid for are being bought from those accounts.

 

6.Don’t download apps from outside approved stores: Make sure you only download apps from approved stores like the Apple App Store, Google Play and the Amazon App Store, to ensure that you’re downloading and paying for those apps from approved marketplaces. This reduces the risk of downloading something that could be dangerous for your phone. Watch out for pirated apps, too – especially those that say they will install or download other apps for you.

 

7.Read the Ts & Cs: When downloading apps, you’re often presented with a huge list of terms and conditions. Don’t ignore them! Sometimes clicking ‘accept’ gives those apps permission to access all sorts of information that you may not want it to. If you’re not in control of your privacy you have no idea where your data could be going, so take charge and ensure you know who you are giving access to your data, and why.

 

8. Be careful what you click: If you’re reading things on your phone, it can be easy to click links on social media and emails. But if they are from someone you don’t know, or if they look suspicious (like a friend advertising something on Facebook that they wouldn’t normally), make sure you don’t click on them, because they may not be safe.

 

9.Look out for the SSL certified stamp of approval when paying: If you’re paying for something on your phone, just like you would on your PC, make sure you’re only purchasing from sites that are SSL certified. This ensures that you have a secure connection when making that payment, reducing the risk of fraud.

 

10. Don’t forget to wipe your phone when recycling it… but back up your data first! Finally, if you’re looking at recycling your phone through a service like SellMyMobile.com, make sure you wipe it before sending it off! But before you wipe it, also make sure you’ve backed up all of your contacts, documents, photos and everything else – either on a hard drive, or using a secure cloud service. As well as wiping it of all apps, reset the phone to its initial factory settings. This ensures that your phone doesn’t contain any data on it when it is sent away, so you can relax and wait for the money to arrive in return for reselling it!

 

Remember you have no data security issues when trading in your phone or device through us.  To be guaranteed the best price for trading in your old device visit www.SellMyMobile.com

 

Last minute tips on how to make money over the festive season

Make Money over Christmas

 

Have you already blown all of your money on Christmas shopping for the family this year? Or perhaps you’ve already had an indulgent few weeks and are starting to feel the strain? Well, SellMyMobile.com has put together last minute top tips on how to make money ahead of the festive season.

 

1. Clear out your children’s wardrobe: Are your children’s wardrobes packed to the rim but they can’t find the time to clear them out? Sites like Preloved help you sell clothing and jewellery, and they don’t charge any listing or selling fees. So why don’t you declutter and make some cash to spend on your children in 2016?

Make Money Selling Childrens Clothes

2. Sell your family’s old phones: Have you ever wondered what happened to all of the old phones your family has used? Our guess is they’re currently sitting in the drawers at home, gathering dust. Or have you recently bought a new phone in the Black Friday sales, like 11% of Brits have done in the past, and don’t know what to do with your old one? One of the fastest ways to make money is to recycle your old phones. The average consumer gets £126 for an old device – that’s pretty good! Money can be redeemed as cash, cheque, same day bank transfer or vouchers depending on which site you recycle with. Check out sites like SellMyMobile.com to compare the deals and make sure you get the most for your old phones, so you get the money in time for Christmas.

Sell Phones with SellMyMobile

3. Rent out your spare room: Do you have a spare room now that the children are living away? Pop it on sites like AirB&B and you can start making money straight away, with lodgers staying for just a night or weeks. If you’re going to be away this Christmas with the family, why not rent out your own home during that time? If you’re worried about leaving someone else in your home, all guests receive reviews so you can ensure that the person who stays has a good track record of things like cleanliness and reliability.

4. Earn money shopping: If you love shopping but don’t have any money to spend, you can now combine a trip to the shops while getting paid to do some mystery shopping. Sites like MarketChecker and GrassRoots enrol you as a mystery shopper and you can start testing things – from shops to hotels to restaurants. So if you love shopping and eating, this could be the perfect job!

Make money whilst you are shopping

5. Appy money: There are plenty of new apps out there which help you make money on the go. Some of these set you location based tasks (from checking if a business is still in operation, to checking street signs, stock levels and much more) and then send that insight back to businesses. If you like keeping tabs on your local area, it’s worth checking out apps like Streetspotr, BeMyEye and Roamler to see if they are available near you.

If you would like to make some extra cash by selling you old mobile phone we guarantee you the best price when trading in your old devices by visiting www.SellMyMobile.com

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