How To Unlock The Potential Of Your Technology Recycling Business

Refurbished technology is a HUGE sector – and it’s only growing.

These days, technological progress is so fast that there’s a new model of phone, laptop, Macbook, camera, TV or gadget out every few months.

And over the years, this has meant that people might be tempted to jump to the shiny, new thing as it’s realised.

Which leaves A LOT of tech sitting around waiting for a new home. Hence why the refurbished tech industry is growing at a rapid rate, with consumers estimated to be sitting on £600 worth of unused tech per person in the UK.

Cracking The Refurbished Tech Market

Refurbished technology isn’t anything new, but it is a market that’s booming right now.

Whether it’s for people trading in older models, looking for cheaper alternatives to new tech or trying to focus on sustainability, there’s no doubt it’s a sector that has a lot of potential to grow.

But in order to make your refurbished tech business a success, you’ll need to overcome some common problems.

At MPX, we’ve got loads of experience with refurbished tech businesses and members of our team have spent years working with them to achieve positive outcomes.

Let’s start with some of the biggest challenges;

• Knowing your different VAT types, when they apply and having a system that can process them with minimal effort (Marginal VAT, Standard VAT, and Reverse VAT etc.)

• Unique Asset Tracking, including IMEI, Serial Numbers, Supplier/Source, Cost Price, and Grading

• Managing returns with customer data present

Let’s face it, there’s a lot more to refurbished tech than meets the eye.

Things need to be tested, tracked, and data security needs to be foolproof to ensure that customers get a top-notch product without any issues.

After all, it’s your reputation that’s on the line!

The process of acquiring tech, refurbishing it, processing it, and getting it ready for sale before you actually make the sale can be long and arduous.

Which is why you must automate AS MUCH of the process as you can, so you can focus on the important stuff.

Grading Mobiles, Asset Tracking, And Managing My Business…

They say that when you’re running a business, you have to wear many hats.

There’s no doubt that there’s a difference between refurbishing tech and doing it as a business – but that doesn’t mean you can’t make it a success.

Grading mobiles is something you’ll know all about, but dealing with asset tracking, harvesting parts (and Bill of Materials), and data-wiping integrations with 3rd parties like Blackbelt and Blancco (to name but a few) isn’t necessarily something you enjoy.

Far from it.

But having a system that integrates everything in one place so you can record everything you need to about a unique product could save you a lot of headaches and increase your efficiency AND productivity.

And that’s only going to help your bottom line.

At MPX, our all-in-one Tech Recycle solution is designed specifically to take your business to the next level.

Our motto is ‘One Tool To Rule Them All’ because that’s precisely what we’re about – bringing all your business processes into one system to unify your operational experience and cut your procedural fragmentation.

And we know that refurbished tech businesses have more processes than most!

Which is why we KNOW we can add so much value to your business.

What’s The Solution?

The more devices you refurbish, the more parts you harvest, the more trade-ins you deal with, and the easier your returns process is, the more successful your business will be. Our focus is on the one asset you can’t control – time.

At MPX, our all-in-one business solution aims to give you back more time by simplifying your processes and solving problems in your business.

Because while stock auditing, barcode and QR Code tracking, and Quality Control aren’t the most exciting tasks, they are pieces of the puzzle that make up your business. And having the time to do them properly while automating and simplifying the processes and logging them will make a HUGE difference.

We’re here to help you shape the business you want through continual development and evolution – and we do that by making sure you’ve always got direct access to our developers so that your systems develop as your business does.

Want to find out more? Click here to see how MPX-TR can help transform your business.