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According to some sources, one third of all Xbox 360 consoles will be affected by a general hardware failure (aka “Red Ring Of Death”) at some point. Thats a whole lot of broken Xbox! So where do most of these malfunctioning machines wind up? On eBay and other online auction websites, in classified magazines and websites such as Craigslist, at flea markets and even at garage sales. Now imagine that you were able to buy these “broken” consoles for a massive discount, fix them and then sell them as normally functioning secondhand Xbox 360s to a hungry market, making a handsome profit on each one. Wouldn’t that be great? Of course it would! Today I’m going to help you get started in the lucrative market of Xbox 360 refurbishing, a venture that has been highly successful so far.
The first step is to locate reliable method of obtaining malfunctioning Xbox 360 elite consoles which will provide you an acceptable supply. eBay carries a great deal of such consoles available but since the Xbox 360 console repair industry grows in popularity the retail price and supply of consoles purchased from eBay has grown quite markedly. A high level good online auction buyer its still an excellent spot to look as there are always a lot of bargains found and is particularly still an excellent starting point to the beginner. Other online auction websites may also be worth a glance at (including Yahoo! Auctions) but it is important to remember that the amount of consoles on these alternative sites are going to be lower.
Classified magazines are another good avenue to uncover faulty Xbox 360 system consoles which have suffered a red light problem. Folks that list these in classified magazines are sometimes pleased to see the “darn thing go” and may generally create a cheap than market value on deals is. Also, considering that the listings will usually be found in local areas, shipping costs are thus removed (though there are costs associated with traveling back and forth to gather consoles) Don’t just limit you to ultimately classified magazines, try local newspapers and newsletters along with many bargains often yield.
Flea markets and rummage sales are another potential method to obtain relatively inexpensive, faulty Xbox 360 system consoles. Explore websites for example Craigslist for local swap-meets, rummage sales, flea markets and car boot sales and then suggest an idea to arrive at a variety of them. It wouldn’t be guaranteed that any Xbox 360s may even get offers for available at these events. However, there is still the possibility to receive other bargain items during your search that is re-sold online to make money (refurbishing other styles of electronic goods is a useful one of this)
So now you have your hands on a faulty Xbox 360 system which has been governed by the “Red Ring Of Death”. Exactly how would you begin earning money as a result then? Firstly, you have to repair the console! Instruction manuals for Xbox 360s is available everywhere, some being better than others. Generally speaking, it should take about an hour to fix a console which includes experienced a standard hardware failure (the main cause of the “Red Ring Of Death”) which process doesn’t usually require any prior knowledge of electronics or any special tools – everything required includes the downloadable instructions and the tools needed usually can be found at your home.
Once the console has been fixed, you must look for a spot to sell it off. eBay is usually an obvious choice and it’s likely the best in case you are good at creating effective auction listings. Individuals who are heavily into your electronics refurbishing industry recommend eBay because best situation to maximize potential profit. Additional tactics include classified magazines, newspapers and online services for example Craigslist. Finding a suitable method of selling is amongst the main issues with regards to beginner Xbox 360 console refurbishment to make money, but as you grow more skillful the process will end up less difficult.
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Tags: Xbox 360 Console