Let me start by saying this isn’t a scam. We were able to make money on a month’s worth of cell phone service using many of the things I’ve described in this blog.
We’ve used Total Wireless for our cell phone service. There is no reason to go into a lot of detail here because you can read about it in other blog posts (here and here and here). The result is that we pay $62.27 a month for 2 lines and 15GB of shared data.
You’re probably thinking that sounds like I’m paying them, and that’s true. However, I recently determined a way where I could get paid for a month of cell phone service.
This might get a bit confusing, but essentially I found several deals that when piled up on top of each other, I actually made money for a month worth of cell phone service. To start, Total Wireless was offering 30% off of a phone and month of service bundle. I also was able to use eBates to get a 11% refund through the Total Wireless site. Here is how the math works out.
- $199 iPhone 6
- $60 2 line 15GB shared plan
- $259 subtotal
- -$77.70 30% off Total Wireless discount (Code found on slickdeals.net)
- $181.30 discounted total
- $13.99 taxes
- $195.29 total paid by us to Total Wireless
At this point, we were out $195.29, but received a month of service and an iPhone 6 in exchange. Now comes the fun part.
- $219 iPhone 6 sale on eBay
- -$28.55 eBay and PayPal fees
- -$6.50 shipping
- $183.95 total received from the sale of the phone
If you do the math so far, you’ll see I’m out $11.34. Still not a bad amount to pay for a month of cell phone service.
The Missing Pieces
Remember how I said I used eBates to get a refund? That amount came out to be $15!
So when you subtract $15 from $11.34, you’ll see we were actually paid $3.66 for a month of cell phone service!
I didn’t just buy one iPhone 6, but actually purchased 3 of them and did this 3 times to get 3 months of service. The second phone I sold on eBay for a little less and actually spent $0.16 for the month of service. The third phone I sold through a Facebook garage sale site, and made over $8. When you add it all up, I made over $11 and got 3 months of cell phone service in exchange!
Before putting down this much money, I did a small experiment a few weeks earlier by buying a refurbished phone for $9.99 and using the same discount code along with eBates. I was able to prove that even if I didn’t sell the phone, I would still save $8.88 on a month of service. I did end up selling the phone for twice what I paid for it. After fees and everything, we saved $20.14 on a month of service. That’s when I decided to research doing larger deals to see if it would work.
Pretty crazy, right?!?! What do you think? Would you try something like this? Let me know in the comments below.