Apple and AT&T aren't the only ones who can make a little money off selling iPhones. You can, too.

Apparently, there's still a fairly robust resale market for the iPhone 3G -- even after Apple dropped it's price by a $100 a few weeks back.

Just check out eBay: you'll see prices all over the map -- yet pretty generous -- for used 3G phones. Some are even making a profit on selling their used iPhones.

Mind you, Apple cut the price of the 3G version to $99 for the 8GB model, while the new 3G S phone (the faster one, with video recording capability) is now $199 for the 16GB version.

For some of you who are trapped in an AT&T contract, aren't eligible for the $199 3GS price, and don't want to pay the $399(oops, thanks, Jeff S.) $499 to buy the new handset, then selling your iPhone may help you recoup some money to put toward the new one.

Heck, you may even make a profit on selling your iPhone, if you're lucky. Hit the jump for details on how to do it, and more:

There's some friendly advice out there on how to go about selling your iPhone 3G:

:: The Apple Blog (not affiliated with Apple itself) has a "how-to" on how to prep your iPhone 3G for resale.

:: CNET's Rick Broida has his own tips and links on how to sell your iPhone, including selling to Rapid Repair, a shop that refurbishes them. As of today, they'll give you $180 for your 8GB iPhone 3G (which you paid $199 for.) Not bad.

:: Oh, and if you're wondering if anyone is really selling their iPhone 3Gs on eBay, just check out this stream of tweets on Twitter. All the kids are doing it!

This crazy iPhone resale market is nothing new. We saw it last year when Apple introduced the 3G. eBay and Craigslist was suddenly awash with people selling their older iPhones at robust prices.

So, what's going on here?

Are people looking to buy the handsets to unlock them to use as they wish with any carrier they choose countries? A hot market for iPhone parts for refurbs?

The iPhone wiki entry gives a pretty good overview on the SIM-card unlocking phenomenon, and how it works.

Another thing to note: Generally, the Apple fanboys say that Apple products traditionally have a great resale value when compared to its competitors.

I would love to hear your feedback and what you think. Have you sold your iPhone on eBay or Craiglist? Tell me your experience. Better yet: have you bought an iPhone 3G in the resale market recently, and paid more than the list price for the 3G? Tell us why.

Via:weblogs.baltimoresun.com

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