Want the New iPad? How to Sell Your Old One

March 11, — -- Tech junkies feeling bummed that Apple's new thinner, lighter iPad 2 has bumped your original iPad into the "relic" category, don't despair. Now is a great time to sell your old one.

You can try putting it up for sale on eBay, but you'll probably find yourself in good company there. At last check, the auction site boasted thousands of listings for "iPad".

Another option is to turn to so-called "recommerce" sites -- websites that specialize in the trade-in and buy-back of used electronics.

You simply enter information about your device, the condition it's in, the original items and accessories you still have for it, and -- voila! -- they give you an estimated resale price.

If you accept, they send you a pre-paid shipping label and, in some cases, a box for it, and off it goes. If they agree with your assessment of the condition, they send you a check or PayPal payment.

There are several recommerce sites on the Web, but here are four sites currently buying and trading the latest electronics.

In just the first two days following Apple's iPad 2 announcement, Gazelle said nearly 4,000 iPads were traded in on its site.

That figure is double the number of iPhones traded in during the same two-day period, the company said.

And, considering that Apple has sold more than 15 million iPads since its launch, it's likely that the trade-ins aren't going to let up anytime soon. Gazelle said it expects to pay out more than $2 million to iPad owners in total.

If you're interested in getting in on the action, Gazelle is currently offering $387 for a 64 gigabyte (GB) 3G- and WiFi-enabled iPad in good condition. That will get you about half of what a comparable new iPad will sell for.

This is a good indication the iPad 2 is not only going to be a successful product for Apple, but a successful upgrade as well, as many of those 15 million original iPad owners are expected to upgrade to the new model.

If you have other old electronics that you're looking to unload, Gazelle accepts products in more than 20 categories, including Blu-Ray players, camcorders, cell phones, desktops, digital cameras, e-readers, gaming consoles, GPS devices, laptops and LCD monitors.

Put your item up for sale as soon as you make the decision. The closer you get to a new release, the lower the value of your item.

Also, decide if you really want the cash. Best Buy's trade-in program gives you more money if you take a gift card, less if you take cash.

If you just couldn't wait any longer and purchased a first-generation iPad from Apple in the last two weeks, you can bring it back to an Apple store before March 16 and Apple will give you a $100 refund to make up for the company dropping the price by $100.