See How Much My Phone Is Worth – Have you ever driven around town and noticed advertisements for a well-known attorney or real estate attorney in your area? Their ad probably features a phone number that spells out a word relevant to their industry or maybe some repetitive digits.
Either way, you might be wondering how you got such a number. Well, they had to get it from somewhere.
See How Much My Phone Is Worth
Once upon a time a phone company randomly assigned that number to someone. And maybe someone randomly got a phone call from a certain realtor or attorney asking if that phone number would be willing to part with a four-, five- or six-figure sum of money.
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Do you happen to be that person with a staggering number on your hands? We often talk to customers who believe their number is valuable. And like the people we enjoy watching on PBS’s popular Antiques Roadshow, they seek a professional opinion.
If you came to this article looking for us to tell you exactly how much your number is worth, you may be disappointed. We don’t want to tell you how many times you should list your number. But we’ll be happy to provide you with plenty of information, and we’ll also mention other options, such as licensing your phone number, so you can be confident when setting your asking price.
We have years of experience selling and licensing phone numbers, and we’re happy to share some of the things we’ve learned along the way when it comes to setting the optimal price for your number. Let the learning begin.
I know – the answer to the main question above is obviously BOTH. Why don’t we want the best of both worlds, where we can sell quickly and for the most money? And there may be high demand in the market for certain phone numbers. But I wouldn’t expect this to happen all the time.
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Therefore, we have to divide this main question into two questions that customers ask us most often when pricing their numbers:
Let’s talk about these two questions. Simply put, if your number is priced higher than other similar numbers on the market, it may take longer to sell, if it does.
On the other hand, if you place it below others in the market, you may sell the number quickly. But you may also feel like you’ve left money sitting on the table.
Ultimately, it all depends on your motivation. If you still want to sell fast and try to maximize your profits, let’s see how much your number is worth.
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As you look to assign a value to your phone number, you’ll want to ask yourself three questions. The more emphatically you can answer “Yes!” it will determine how much the number is worth to one or more of them. Here are three questions.
Have you ever driven by a billboard or bus and seen an advertisement for a number like 310-555-5555?
This is called “repetition” and the beauty of these numbers is that there is a direct correlation between the number of digits repeated and the ease of memorization. Repeaters can repeat 2-7 digits and increase the value for each additional repeat.
Chances are the company that owns that 7-digit repeater paid good money for that number. Of course, they’ve read our study from earlier this year that “nearly 85% of people will remember a Vanity Number after seeing or hearing it in an ad.”
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Patterns are another quality that makes phone numbers easy to remember. Perhaps your number has alternating digits like 619-555-7676 or ascending digits like 305-555-1234. Either way, these patterns make your number stand out from the rest.
At first glance, 800-463-3339 and 800-356-9377 may not be particularly impressive or memorable numbers, but when you learn that they’re spelled 800-GoFedEx and 800-LORE, you realize they’re top-notch phone numbers.
A quick search on the website reveals thousands of numbers spelling words in various categories. For those in the automotive industry, we have the numbers for CARS, TRUCKS and PIZZA. Lawyers looking to improve their branding can find numbers that include LAW, CRASH, BAIL and PAIN. And the serious real estate professional can find SALE, SELL, LOT, JOURNAL and more.
I could go on and on. The thing is, if your number spells out one or more words, it can seriously increase its value.
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In large urban areas, some area codes are so depleted that the lack of supply can increase the value of the numbers. This is definitely Los Angeles’ 310, New York’s 212, Toronto’s 416, and Miami’s 305. Of course, people can reserve numbers in alternate or adjacent area codes. But if your business is headquartered in Los Angeles, having a 310 number has some significance.
So if you have a number from a popular area code and don’t need it, chances are someone might like it for their business. And if he spells out repeating numbers or a word, don’t be surprised if people line up ready to make an offer.
Still have any idea how much your number could be worth? Let’s take the next step to determine the value of your number.
For anyone who has ever bought and sold real estate, you know that one of the biggest factors in valuing a home is looking at the comparisons or “combinations” with other similar properties that have sold in your area. Market composition gives us a good idea of the general price range in the current market.
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Applied to numbers, let’s talk about different ways to find market compositions to determine the best price for your number.
Before listing your number on our site, try searching for similar numbers. If you have a number that repeats five digits, check to see how many others are listed on average. If your number spells a word, you’ll likely find others with the same spelling.
With this information, you can create a good range to list the number. And if you need help navigating our site’s search, this article will help you dial in the perfect search.
One thing you can’t find on our website are actual past sale prices. And while we can’t provide exact details of our sales, a member of our sales team would be happy to look at some of our recent sales to help you get a good price for your number.
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Or maybe you’re window shopping and looking for an appraisal on your number. We can help with that too. You can always contact us here and we’d love to help.
If you choose to list the number on our marketplace, we can set you up as a marketplace seller.
You may have seen that you can license a number instead of selling it. This is a great option if you love your number but aren’t ready to commit yet.
You can also offer to sell and license your number to increase your chances of generating some income from the number.
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Also, given that you can’t sell a toll-free number on our marketplace, licensing is a great option. You can use the guidelines above to set your monthly license price, and we’ll be happy to help you with that as well.
Finally, it is our sincere hope that you are able to achieve the best of both worlds: selling your phone number on time and at the right price. As with all selling marketplaces, you can adjust your asking price at any time on our convenient and easy-to-use Seller Dashboard.
Jeremy Watkin is Director of Customer Service and Experience. Not only does he love serving clients, he is a prolific writer and speaker on the subject and has been recognized numerous times for his thought leadership. Be sure to connect with him on Twitter. His handle is @jtwatkin. Do you have a phone that you love? Get up to $500 when you bring in your phone. OR get iPhone 13 for a limited time. With Select 5G Unlimited plans. Buy now
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