Price Used Tech for a Quick Sell with the "50-30-10 Rule"

Price Used Tech for a Quick Sell with the "50-30-10 Rule"

Taryn Williford
Aug 10, 2011

Whether you're upgrading to a new model or just deciding to drop some dead weight, you can still make a pretty penny from selling off your old gear. The trick is to know how to price it right. We've found an easy guideline to help you give your re-sold gear a fair price—and sell it for cash quick!

We're in the middle of turning our guest room into a home office, and we're selling off plenty of used tech gear to make room for new stuff. Having already made a little bit of money from eBay and Craiglist, we think the trick to a successful sale (especially if you're short for time) is listing your used tech at the right price.

Yard sale expert Ava Seavy of let This Old House in on her strategy for pricing used goods at a garage sale—the 50-30-10 rule.

50-30-10 RULE: Near-to-new items should be sold for 50 percent of their retail price; slightly used items at 25-30 percent of retail; and well-worn items at 10 percent of retail.

Of course, the world of gotta-have-it-now tech can be fickle. Your two-generations-old iPod is probably not worth 50 percent of what you paid, even if it's never been used.

But Seavy's rule is still a great guideline for giving your old tech a fair price, especially when you want to emotionally assign a too-high value to your trusty Playstation or TV set.

via This Old House

(Images: Flickr member maury.mccown licensed for use under Creative Commons, Secrets of Craigslist: Tips to Save and Earn You Money)

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