As we know, the cost of the iPhone was $200 and the monthly service is $30 i addition to the service I already have.
I already had some of the iPhone features like tracking my Nike+ runs and the ability to make calls. I bought a Nike+ sportband last summer that broke recently, but since the damage was caused by sweat getting into the display (a common problem) Nike replaced my sportband with a new version for free. Sweet, right? Well, it gets better.
Nike not only replaced my sportband, but they sent me an extra sensor. Well, that’s perfect because the iPhone only needs a censor to track my runs. So I was left with a brand new sportband and censor. I decided to sell it and see how much I could get for it. Well, I was able to snag a cool $40 for it, which I’m very happy about.
$40 down, $160 to go.
Next, since I was having trouble with my phone, AT&T sent me a brand new replacement phone for free. Well, I didn’t need that, so I put it up on craigslist and sold it for $125. Nice!
$165 down, $35 to go.
Finally, since I was having such terrible problems with my AT&T phones (one broke and then the replacement broke two days later!) that the customer service department gave me $105 off my bill to compensate for my inability to make calls or send text messages for about a week. Amazing, right?
$270 down, -$70 to go.
So what does that extra $70 go toward? My first two months of iPhone service!
By being resourceful, I was able to subsidize my iPhone purchase by selling unneeded products (that I got a TON of use out of) for over $250!