AT&T finally caught onto people making money off their Iphones

[UntilTheNDofTimE]

I wanted to post this last week since i did it the previous 2 years. Wont be doing it this year because of increase to ETF.
AT&T Increases There ETF's( Early Termination fee) on Iphones from $150 to $325. This is done to increase there profit on the iphone power sellers.

Basically in the past you get a family plan with AT&T with 5 lines. You buy 5 Iphone 4s for $200 each and sale each of them on ebay for $800+. You then proceed to cancell your contract and pay the early termination fee and you used to be able to profit about $400 per phone after you paid ebay fees, paypal fees, Total cost of buying, sales tax, and 1st months payment. With this ETF increase its almsot not worth it anymore unless you can get your hands on 50 phones.

Under New Contracts Plans

Family Plan 700 minutes, 5 lines, 5 Data Plans
$174.96 for first month(cancel contract there after)
5 Activation fees
$180
Cost for 5 Iphone 4S
$1251.80
Cost for Early Termination fee on 5 lines
$1575

Total Cost to you
$3180


Average Phone sales for $900 on ebay
Total Gross Revenue
$4500
Less 9% for ebay + Paypal

Take Home
$4095

Profit
$915( 28.7% gain in 1 month)

Last year you would have profited a additional $169 per phones( increased ETF)

for a Profit of $1760( 55.5% gain in 1 month)


FUK YOU AT&T

[teaserpleaser]

Cant knock the hustle. Timer what else you got?

[UntilTheNDofTimE]

Cant knock the hustle. Timer what else you got?

My buddy made me aware of this when the 3g first came out so i did it with the 3gs and the 4. With so much competition this time around it scares me that youll even be able to sale the phones for $600 each just to break even. My buddy usually sales about 100 of these a year or more.

I have a few other similar hustles but it seems these corporations are cutting out all the profits

[RubberKettle]

I did this with PS3's when they first came out.

Got 5 mainly by pre-ordering and waiting in line and made close to 1k off each one.

[UntilTheNDofTimE]

TP id say the greatest hustle is simply selling your old Iphone to make enough to buy the new one and pocket $200. Iphone 4 sales for $350-450 avg still

[UntilTheNDofTimE]

I did this with PS3's when they first came out.

Got 5 mainly by pre-ordering and waiting in line and made close to 1k off each one.

With the Nintendo Wi as well

[blackbeSSt]

hell, going back to the ps2 is how i've been doing that. add in the xbox, xbox 360, ps3, wii, new cell phones, hp touchpads, shit i can't even say how much i've turned into a profit

[lemart5]

TP id say the greatest hustle is simply selling your old Iphone to make enough to buy the new one and pocket $200. Iphone 4 sales for $350-450 avg still

I average $440 off IPhone 4 sales.

[pavyracer]

I'm sorry but if people pay $4500 a year for cell phone service they should be put to death period. I don't care if the iphone makes coffee or makes you high.

[raydog]

what fukking moron pays 800-900 bucks for an iphone? half of that yes, never heard of anyone paying more than 500 tops...

[bobbyfk]

what about if you jailbreak them first? surely you will make more

[VegasInsider]

Gotta make that paper.

[blackbeSSt]

what fukking moron pays 800-900 bucks for an iphone? half of that yes, never heard of anyone paying more than 500 tops...

hell i sold 2 tmobile g2x phones when they first came out a couple months ago for more then $500 each

[jrmartin.mig]

When the iphone 4 first came out and had the antenna problems and everything else, I decided to sell it without even opening it. Stuck it on ebay and sold it for around $800 and that was a week or two after they had been released. The people who did it quicker were killing it.

[crustyme]

att raised the etf in june 2010. news travels slow there?

btw, verizon charges $350 etf.

[maersksealand]

lol...can't believe are still idiots out there paying that kind of money when for $50 you can get a brand new replica from China so well made that not even Apple cat tell is fake.

[kmarinouofm]

lol...can't believe are still idiots out there paying that kind of money when for $50 you can get a brand new replica from China so well made that not even Apple cat tell is fake.

this isn't true at all my friend..

[mh217]

i remeber i bought 2 refurb iphones off the at&t website last year for 150 each, then i told em someone stole em outta my car before i even activated em...i sold em on craigslist for 700 apiece in like 2 hours..at&t was trying to make me pay em the 325 per line but after a bunch of back and forth bitching they waived it!..i admit it was a scumbag move on my part but the gambling made me do it!

[teaserpleaser]

[zam77]

this whole thread is baffling

[maersksealand]

this isn't true at all my friend..

http://www.alibaba.com/product-gs/410740583/Touch_screen_mobile_phones_for_iphone4g/showimage.html

what ?

[LVHerbie]

what fukking moron pays 800-900 bucks for an iphone? half of that yes, never heard of anyone paying more than 500 tops...

Add up the cost of the extra charges from contracts and you will see that a unlocked phone with an independent carrier is a cheaper way to go...

[UntilTheNDofTimE]

I'm sorry but if people pay $4500 a year for cell phone service they should be put to death period. I don't care if the iphone makes coffee or makes you high.

it would be 174.90 a month, 2088 a year for 5 phones. or $417 a year per phone. Not sure where you get 4500