Just to explain, the PS3 blinking red light problem is when your PlayStation 3 console will not start up, and the red standby light blinks on and off, but the console will not power up. This problem is probably the most typical fault that PS3 owners face, with many people thinking that this means the passing of their PS3 console, at least until they can afford to send it off to Sony, or buy a new console all together.

Fortunately for you, a cheap PS3 blinking red light fix might be just around the corner. Downloadable PS3 fix guides from the Net have become hot stuff, with the level of consoles being sent back to Sony for repair at an all time low. Before making a decision about buying one of those mend guides though, these are some mistakes that you do not want to make :

1. Think that the PS3 is a tough console.

It may be corpulent, but a PS3 repair guide will take you right into the internal component of a PS3. Extra care is especially required when unscrewing / lifting off covers etc ; knocking one part or bending / splitting one wire will quite likely hurt your PS3 beyond repair.

2. Believe you don't want to follow the precise steps in the guide.

These guides have been made for people with no electrical / technical experience, so if they appear easy beyond the point of belief, that's why. Each step in the guide must be followed precisely, otherwise things will go bad, and you will have wasted your cash. If you purchase a guide and then don't follow the steps, you may as well have saved your money.

3. Send it to a local PS3 repair center without first preparing a cost.

Many PS3 repair centers are like vehicle garages - they are going to give you an initial quote, and you'll have a phone call everyday relating to new issues, with that 1st quote price creeping higher and higher. Make them indentify the difficulty when you bring your console to them, and set the maximum price that you'll pay.

The tips above should hopefully have shown you what not to do, when looking for a PS3 blinking red light fix.