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.
Step one is to find a reliable cause of malfunctioning Xbox 360 consoles that may give you a sufficient supply. eBay carries a great deal of these consoles available but because Xbox repair industry grows in popularity the value and provide of consoles purchased from eBay has increased quite markedly. An advanced good online auction buyer then its still a terrific destination to look as there are always plenty of bargains found and is particularly still a good beginning to the beginner. Other online auction websites are also worth a look at (for instance Yahoo! Auctions) but it's crucial to be aware that how many consoles on these alternative sites is going to be lower.
Classified magazines are another avenue to locate faulty Xbox 360 consoles which may have a break down red light problem. Folks who list these in classified magazines are frequently happy to see the "darn thing go" all of which will generally create a discounted than cost on discounts is. Also, because listings will probably be found in local areas, shipping costs therefore are removed (however are expenses associated with traveling backwards and forwards to build up consoles) Don't just limit you to ultimately classified magazines, try local newspapers and newsletters in addition to many bargains often generate.
Flea markets and rummage sales are another potential supply of relatively low cost, faulty Xbox 360 consoles. Look on websites just like Craigslist for local swap-meets, rummage sales, flea markets and car boot sales and then suggest an idea to check out a lot of them. It wouldn't be guaranteed that any Xbox 360s will be provided available at these events. However, there exists still the actual possibility to pick up other bargain items while searching which might be re-sold online to make money (refurbishing other forms of electronic goods is a useful one in this)
So now you've got your hands on a faulty Xbox 360 that has been subject to the "Red Ring Of Death". How exactly does one try creating wealth from that then? Firstly, you should repair the console! Instruction manuals for Xbox 360s is found all over the net, some being better than others. Generally, it needs to take around an hour to mend a console which includes experienced a broad hardware failure (the reason the "Red Ring Of Death") this process doesn't usually require any knowledge of electronics or any special tools - everything required includes the downloadable instructions as well as tools needed usually can be found in the home.
As soon as the console may be fixed, it is advisable to look for a destination for a sell. eBay is definitely an obvious choice and is particularly most likely the best if you're proficient at creating effective auction listings. Individuals who are heavily in the electronics refurbishing industry recommend eBay because the best position to maximize profit potential. Other available choices include classified magazines, newspapers and on the internet services just like Craigslist. Obtaining a suitable approach to selling is probably the main issues in terms of beginner Xbox 360 system refurbishment to make money, but as you grow more skillful accomplishing this will end up easier.
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