The Amazon Electronic Trade-In Program Replaces Gadgets With Store Credit
Sarah Moore — April 14, 2012 — Tech
The Amazon electronic trade-in program turns old CDs and other outdated gadgets into credit toward purchases on the online store. With technology advancing so rapidly, electronic devices are often outdated from the second they are purchased. Due to this, previously purchased items that have been replaced by brighter and shinier versions with more bells and whistles are typically left to collect dust or clutter up landfills.
With electronic waste becoming an increasingly pressing problem, the ability to do something with all of one's old gizmos is an effective step toward effectively decreasing the technological pile up.
Amazon pays to ship the item and accepts anything that is not severely damaged. The items are then purchased from a third party to be reused or re-purposed.
The program allows for textbooks, CDs, DVDs, smartphones, cameras and video games to be swapped out for gift cards.
With electronic waste becoming an increasingly pressing problem, the ability to do something with all of one's old gizmos is an effective step toward effectively decreasing the technological pile up.
Amazon pays to ship the item and accepts anything that is not severely damaged. The items are then purchased from a third party to be reused or re-purposed.
The program allows for textbooks, CDs, DVDs, smartphones, cameras and video games to be swapped out for gift cards.
Trend Themes
1. Electronic Trade-in Programs - Opportunities to develop similar trade-in programs for other electronic gadgets and devices to decrease e-waste and offer incentives for customers to purchase new products.
2. Circular Economy - Embracing the circular economy model by incentivizing customers to recycle old products and repurpose them, in turn, offering them credit for new purchases.
3. Reducing Electronic Waste - Innovative ways of reducing electronic waste in our environment through creative approaches such as trade-in, recycle and refurbish programs.
Industry Implications
1. Retail - Retail industry can benefit from trade-in programs like this to incentivize customers to buy products from their stores and return the old products back to the company for proper disposal or repurposing, thereby reducing environmental waste.
2. Consumer Electronics - The consumer electronics industry can develop similar programs to encourage environmentally friendly practices by reducing electronic waste.
3. Logistics and Transportation - The logistic and transportation industry can profit from the establishment of trade-in programs like this and innovative logistics solutions to make such programs more efficient and sustainable.
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