Unlocked Apple iPhone sells on eBay for $1500
Corey Kossack is a Managing Partner at Game Change Ventures, focusing on partnering and consulting with startups in the areas of social media, consumer Internet and e-commerce. Corey is also an Operating Partner at Game Change Ventures' first Internet startup, Addoway, a social marketplace that helps you buy and sell with your friends and the people they know. Formerly Corey was one of the world's largest retailers on eBay, built a $1M company from scratch at age 23, has led multiple startups and received numerous awards for his entrepreneurial achievements.
Latest posts by Corey Kossack (see all)
- Local Marketing in 2014: 3 Tips to Thrive on Main Street - January 18, 2014
- Why you Need to Build a Startup Family - October 16, 2010
- Will Smart Phones be the New Driver of Local Commerce? - September 3, 2010
Since a 17 year-old New Jersey kid figured out how to unlock the iPhone to work on any service carrier, not just AT&T (watch the YouTube video that has been viewed almost 600,000 times), people are popping up everywhere trying to leverage the situation for all it's worth, and what better place to do so than eBay?
eBay retailers are now offering the ready-to-go, unlocked iPhones to buyers, and of course, people are eating this stuff up. The method for unlocking this is spreading, but in the meantime, cell users who want the convenience of having an unlocked iPhone ready to go are paying big bucks on ebay, $1500 to be exact.
Check out this eBay auction, which is just one example. This is a great example of taking advantage of a current trend and putting a twist on a well-known commodity to earn a profit.
Corey Kossack is one of eBay's "Top Sellers" through his eBay store, Koss DVD. He is also author of eBay Millionaire or Bust and creator of ProfitBuilderSoftware.com, an online software tool designed to reduce eBay fees and maximize profits for eBay sellers.