Probably a bad power supply or motherboard. Or it isn't plugged in ;-) I buy broken PS3s and repair them, and usually if the red light doesnt come on even when its plugged in and the power switch is on, that is what it means. Going to have to send it in to Sony (if under warranty) or swap out parts. Spares are available on ebay for whichever component is bad.
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Step 1. Turn your PS3 off into standby (red light on)
Step 2. Press and hold the power button. It will beep a total of 3 times and turn off again. Release the power button.
Step 3. Press and hold the power button. It will beep when you first press it, then 5 seconds later it will beep again and then it will beep twice quickly. Let go of the power button when you hear these 2 quick beeps.
Step 4. The PS3 will start up asking you to connect a controller via USB and press the PS button. Do this then continue to the next step
Step 5. The PS3 will load with a menu with 6 options, choose number 5 "Restore PS3 System" and follow the on screen prompts.
Using this method should sort your PS3 out for you.
When you hit the power button, if nothing happens, check your outlet for power. Then check the plugs on your PS3, then check the plug slots on your PS3 for any broken wires. If not, send it into Sony, and within a week they will fix it and send you a PS3 Back. Hope this helped.