With the impending release of the Galaxy S4, consumers want to know how to navigate the trade-in market and when to sell their device to get the highest price possible. Based on predictive data tested against years of device re-selling and trade-in programs, we’ve created the following infographic sharing the best strategies for maximizing device resale value, and why YOU need to lock in your trade now – before the device releases and everyone else gets the same idea.
Posts tagged ‘iPhone’
It takes experience, efficiency, professional certifications, customer service, security, and more to manage a well run and effective trade-in and recycling program, which is why so many large retailers partner with CExchange. We are proud to serve Walmart, RadioShack, U.S. Cellular, eBay, Microsoft Stores, FYE, Wirefly, BrandsMart, and many others. When the Powered by CExchange logo goes on a site you can be assured that the process is simple, the values are fair, the environment is safe, and so is your data. Our retailers are zealots about doing the right thing relative to customers and the environment and they chose us because of our capabilities. Powered by CExchange, you can count on it.
With the latest news that the new version of Apples iPhone, the iPhone 5, is pending release on the 21st, the buzz is at a deafening roar around trading up to get the device. There are many articles being written with sensational headlines proclaiming things like; “Get as much as $500 for your used iPhone!”, “We pay the highest prices!”, etc. That all sounds very good as a consumer since you may have only paid $399 for that iPhone 4S 64GB phone, but is there anything else to consider? There certainly is, and we could learn a lot If a trade-in could talk.
If a Trade-in could talk it would be able to tell you all the things you would want to know about where your device is headed when you agree to that trade. There are multiple areas to consider before releasing your device, including but not limited to:
1. Payment- Will I actually get the money I was quoted? What happens if they say my device doesn’t meet their conditions?
2. Security- What is the data clearing process? Can I trust them? What is the physical security of their site? Any chance my device could be lost or stolen before the data is cleared?
3. Environment- If my device is being recycled, will they do it right and not put it in a landfill or send it offshore?
At CExchange, we believe consumers should ask these questions, and they should be educated on the potential pitfalls associated with accepting an artificially high offer from a company that doesn’t have processes in place to protect your money, your data, and our environment.
Regarding the evaluation and payment questions, it is important to provide a great customer experience which is why we use simple two condition pricing. We don’t believe in disappointing people by using an inflated price for what might actually be 1% of the product trades, and then have to tell the balance of customers that they will get less money. And, with our partners, if for some reason your evaluation turns out to be different, we will ship the product back to you on our dime if that is what you choose. And with our retail store partners, you generally get your credit immediately in the store which facilitates a new product purchase on the spot.
On data and physical security- We do a complete data wipe with two levels of quality control on every working device, and protect all those that aren’t working until final disposition. We are an ISO9001 certified facility and have strict quality processes in place in addition to 24 hour security seven days a week and multiple layers of physical security and screenings to protect your product. We also employ HD video recording equipment to verify all the contents of packages we receive and to digitally validate the safe arrival and disposition of your transaction from our partner companies.
On the recycling point, we are environmentally aware and concerned. We only use e-Steward recyclers to recycle our product. You can be assured that if we send your device for recycling, it will not end up in a landfill, or offshore. It will be responsibly recycled according to the rigid standards of the e-Steward mandate.
So, if a Trade-in could talk, and it made it’s way through a CExchange partner company, it would say some very nice things. Ask these same questions and see what you hear before making that trade.
At CExchange we see a much wider view of the retail market than any other company in the trade-in space considering the fact that we do business with over 40 different companies in the business of selling (and buying) electronics and cell phones. So why do we think the iPhone 5 will be HUGE? Data my friends, data. We have a report we developed which we call the Trade Interest Index. This report tracks trade-in activity and interest across our base of partners as new phones are announced and released. We will begin releasing a snapshot of this data to the press and other interested parties over the next few weeks. To get the Trade Interest Index, we monitor customer activity on our sites around all news related to iPhone 5. What is now abundantly clear is that there is unparalleled interest in trades for this new iPhone. We have seen huge spikes in activity on the release of any news, and we see trends that foretell an unprecedented impending launch. Is it the possibility of a larger screen, faster processor, SIRI that actually listens (and understands), or just the fashion statement that is a new iPhone? Our data doesn’t tell us that unfortunately, but it does tell us that awareness of trade-in is growing rapidly, consumers are keenly interested in upgrading, and the new iPhone will far exceed any other iPhone launch in history. Be prepared for the rush, because iPhones, services, and accessory sales generated as a result of high value trade-up will be HUGE, and if you are a retailer you can take that to the bank!