Making money selling cell phones

I have been visiting message boards that have topics such as technology and there is now a way that people are making money by buying and selling cell phones. Here is the latest way to make money with cell phones:

• Look for a great deal on a pay as you go type of cell phone - the kind with no contracts
• Either get a free phone with minutes or pay a very small amount for the phone plus lots of minutes
• Use the phone for about a month then put the phone with the minutes on eBay and sell it
• Buy another phone and do the same thing

People are making the money by buying a phone with minutes for under $20.00. They are using the phone for about a month then selling it again for almost the same or more than they paid for it. Some of the phones have 1000's of minutes on them and that is why they are selling so well.

Most of the people that are doing it end up with a cell phone bill of maybe $6.00 a month for 1000's of minutes worth of use. Some are selling the cell phones on eBay and some at the local flea markets for cash. I just paid $14.99 for a pay as you go phone with 600 minutes at net10, so I know the deals are out there.