June 16, 2010

Record Number of iPhone Owners Trade in to Fund Upgrade

Eight days since Steve Jobs’ buzzworthy unveiling of the iPhone 4, upgraders have traded in more than 10,000 2G, 3G and 3GS iPhones to Gazelle (www.gazelle.com), the nation’s largest consumer electronics reCommerce service and on the company’s new mobile site iphone.gazelle.com where customers can literally trade in their iPhone from their iPhone.   Since June 7th, Gazelle has seen ...

Eight days since Steve Jobs’ buzzworthy unveiling of the iPhone 4, upgraders have traded in more than 10,000 2G, 3G and 3GS iPhones to Gazelle (www.gazelle.com), the nation’s largest consumer electronics reCommerce service and on the company’s new mobile site iphone.gazelle.com where customers can literally trade in their iPhone from their iPhone.

 

Since June 7th, Gazelle has seen more than 10,000 iPhone trades, greater than 10x the amount received following the announcement of the 3GS last June. Trade-in data has shown the following:

  • 3GS: represent 58% of trade ins and today are worth up to $222

  • 3G: represent 34% of trade ins and are worth up to $141

  • 2G: represent 8% of trade ins and are worth up to $115

 

While Gazelle expects prices to drop as the launch approaches, the average offer price is still more than $200, allowing many iPhone owners to upgrade for free. Gazelle also offers 30-day offer insurance on your traded-in iPhone, meaning that if the offer is higher on the day Gazelle receives a customer’s phone, customers will get the higher offer.

 

 “We’re thrilled to help iPhone owners upgrade smart,” said Israel Ganot, co-founder and CEO of Gazelle. “What’s surprised us is how many iPhone 3GS owners have already committed to upgrading to the iPhone 4. It’s much different behavior than we saw when the 3GS was announced, and I think it shows what an impact the iPhone 4 will make when it launches on June 24th.”

 

This year, with so many 2G owners ready to take the leap to newer technology and the discontinuation of the 3GS, Gazelle expects trade-in fever to have an even more noticeable impact on the resale market. Currently its projecting more than 20,000 iPhones will be traded during the next 30-45 days. Gazelle ensures all data is properly removed from every gadget that is traded, and 100% of the items that are sent to Gazelle are responsibly reused or recycled.

 

ABOUT GAZELLE

Gazelle (www.gazelle.com), a service of Second Rotation, Inc., is committed to providing an easy, fast, and safe way for consumers to get cash for selling unwanted electronics or to recycle them responsibly. To date, more than 80,000 consumers have used the service as a way to clean out closets, get cash and help out a good cause. In addition, Gazelle empowers consumers to avoid time consuming and risky online experiences associated with peer-to-peer selling. Consumers can rest assured that all personal information is thoroughly removed from their item while benefiting from conveniences like free shipping and packaging. Based in Boston, Gazelle is backed by premier venture capital firms Venrock Associates and RockPort Capital Partners.

see all
June 08, 2010

Trade in Your iPhone Right from Your iPhone

Just in time for the launch of Apple’s iPhone 4, Gazelle (www.gazelle.com), the nation’s largest consumer electronics reCommerce service, is launching a mobile site to let customers trade in their used iPhone right from their phone: iphone.gazelle.com.   The mobile website’s intuitive interface allows customers to find out how much their iPhone is worth in less than one minute. ...

Just in time for the launch of Apple’s iPhone 4, Gazelle (www.gazelle.com), the nation’s largest consumer electronics reCommerce service, is launching a mobile site to let customers trade in their used iPhone right from their phone: iphone.gazelle.com.

 

The mobile website’s intuitive interface allows customers to find out how much their iPhone is worth in less than one minute.

  • Go to iphone.gazelle.com

  • Select your model (2G, 3G, 3GS)

  • Answer four quick questions about the phone’s condition

  • Get your cash offer

 

From there, customers ship their phone to Gazelle (packaging and shipping is free) and then get paid.  Although Gazelle expects prices to drop throughout the week, today customers can get more than $250 for used phones, allowing many iPhone owners to upgrade for free.

 

Gazelle has already seen a record number of iPhone trades and expects that tens of thousands of Apple users will trade in 2Gs, 3Gs, and 3GS to help offset the cost of upgrading to iPhone 4. “If you’re planning to upgrade, we think you should upgrade smart, said Israel Ganot, co-founder and CEO of Gazelle. “Our mobile site will bring the ability to upgrade into the palm of your hand, making it simpler than ever to offset the purchase of a new iPhone.”

 

A new iPhone launch means big business for the reCommerce industry. Last year, thousands of consumers’ gazelled iPhones ahead of the 3GS launch in order to get cash for an upgrade. This year, with so many 2G owners ready to take the leap to newer technology, Gazelle expects trade-in fever to have an even more noticeable impact on the market. Gazelle ensures all data is properly removed from every gadget that is traded, and 100% of the items that are sent to Gazelle are responsibly reused or recycled.

 

ABOUT GAZELLE

Gazelle (www.gazelle.com), a service of Second Rotation, Inc., is committed to providing an easy, fast, and safe way for consumers to get cash for selling unwanted electronics or to recycle them responsibly. To date, more than 80,000 consumers have used the service as a way to clean out closets, get cash and help out a good cause. In addition, Gazelle empowers consumers to avoid time consuming and risky online experiences associated with peer-to-peer selling. Consumers can rest assured that all personal information is thoroughly removed from their item while benefiting from conveniences like free shipping and packaging. Based in Boston, Gazelle is backed by premier venture capital firms Venrock Associates and RockPort Capital Partners.

see all
February 03, 2010

Gazelle accepts its 100,000th used electronic; notches record growth in 2009

Gazelle (www.gazelle.com), the nation’s largest consumer electronics reCommerce service, achieved 300% growth in revenues and product acquired in 2009. Last year, more than 50,000 consumers gazelled more than 100,000 electronics. Such metrics have made Gazelle both the largest and fastest growing player in the reCommerce industry.   Gazelle attributes its growth to its focus on cust...

Gazelle (www.gazelle.com), the nation’s largest consumer electronics reCommerce service, achieved 300% growth in revenues and product acquired in 2009. Last year, more than 50,000 consumers gazelled more than 100,000 electronics. Such metrics have made Gazelle both the largest and fastest growing player in the reCommerce industry.

 

Gazelle attributes its growth to its focus on customer experience, expanded marketing efforts, and the launch of several major retail partnerships. In 2009, Gazelle launched three retail partnerships and now powers electronics trade-in and recycle programs for Walmart.com, Costco, and Sears. Gazelle also made improvements on the gazelle.com business by cutting payment time in half and adding Amazon gift cards and Walmart gift cards as payment options. Category coverage expanded from 14 to 20 categories with the additions of LCD monitors, BluRay players, and home audio equipment.  Shipping improvements were also introduced, including carbon free shipping and expanded free packaging programs.

 

Gazelle also launched two new services, Gazelle for Business (G4B) and Gazelle for Good (G4G). Gazelle’s G4B service attracted more than 100 companies to trade in and recycle their office electronics such as laptops, PDAs, and cell phones, while the G4G service enabled hundreds of NPOs and individual fundraisers to raise thousands of dollars for their favorite causes by collecting used gadgets.

 

As a result of this rapid growth and quick adoption of the service, Gazelle doubled its Allston, Mass office space from 14,000 to 28,000 sq. ft. and, during the year, tripled its work-force to more than 100 local, Boston employees.

 

2010: Looking Ahead

Gazelle expects 2010 to be another high growth year. During the next 12 months, Gazelle expects to announce the following:

 

“Gazelle’s exceptional growth in 2009 proves that consumers are changing the way they think about consumption and are constantly looking for ways to make smarter, more environmentally responsible purchasing choices,” said Israel Ganot, Chief Executive Officer, Gazelle. “We are confident that the efficient consumer will not die out when the economy bounces back, and that 2010 will solidify Gazelle’s place as the reCommerce leader. We look forward to exciting new retail partnerships and continuing to build on our innovative, industry leading customer experience and back-end processes for data destruction and recycling.”

see all
November 11, 2009

SEARS BLUE ELECTRONICS CREW LAUNCHES TRADE-IN PROGRAM

With the holidays just around the corner, and shopping already underway, the Sears Blue Electronics Crew launched a new trade-in and recycling program that allows Sears.com shoppers to turn-in used electronics, such as cell phones, cameras and MP3 players and redeem them for Sears gift cards that are valid online and in-store. The new program is in partnership with Gazelle, which spe...

With the holidays just around the corner, and shopping already underway, the Sears Blue Electronics Crew launched a new trade-in and recycling program that allows Sears.com shoppers to turn-in used electronics, such as cell phones, cameras and MP3 players and redeem them for Sears gift cards that are valid online and in-store. The new program is in partnership with Gazelle, which specializes in providing practical, responsible, rewarding ways for consumers to get value for used, working electronics, and gives customers the flexibility to trade-in unwanted gadgets from more than 20 product categories, including cell phones, laptops, MP3 players and digital cameras. Electronics items that no longer work will still be accepted at no cost for recycling, but consumers will not receive value for these items.

 

The program is free, easy to use and helps customers avoid the worry and hassle of selling items themselves. Interested customers can follow these easy steps to participate in the program:

 

 

“Sears Blue Electronics Crew’s trade-in program is a great option for customers who want to turn their used electronics into potential buying power, while also helping conserve the environment,” said Karen Austin, president, Home Electronics, Sears Holdings. “We are proud that through this partnership with Gazelle, approximately 90 percent of the home electronics items that costumers send in are expected to be reused and the remainder will be responsibly recycled. This prevents products from ending up in landfills, making Sears a leader in eliminating e-Waste.”

 

 

Every item that Gazelle receives during the trade-in transaction is hand inspected by a trained member of their gadget lab team. During this process, item value is confirmed, and all personal data is removed, providing Sears customers with the peace of mind that comes with a secure, online service. Payment to participants will be determined by the type of product, its age and condition. Payment will be sent within seven days of items being inspected.

 

"With this program, Sears customers will now be able to turn last years cell phone into this years holiday gifts, said Israel Ganot, CEO of Gazelle. "That is what reCommerce is all about. Redefining consumption by rewarding consumers for responsible consumption behavior, extending the life of products and keeping electronics out of landfills. We applaud Sears for their commitment and look forward to bringing their customers this new service and Gazelle's industry leading customer experience."

 

To see the full selection of home electronics from Sears, visit www.sears.com.

see all
August 11, 2009

Gazelle Launches Technology for Tots Fundraising Campaign with SHARED Inc

BOSTON – August 10, 2009 – In an effort to improve the lives of orphans with AIDS who reside in Lesotho, Africa, SHARED, Inc., a not-for-profit organization dedicated to improving global health by increasing access for the world's poorest people to medicine, medical supplies, medical equipment and community gardens, is today launching the “Technology for Tots” fundraising campaign. The campaig...

BOSTON – August 10, 2009 – In an effort to improve the lives of orphans with AIDS who reside in Lesotho, Africa, SHARED, Inc., a not-for-profit organization dedicated to improving global health by increasing access for the world's poorest people to medicine, medical supplies, medical equipment and community gardens, is today launching the “Technology for Tots” fundraising campaign. The campaign will employ Gazelle for Good for the drive’s fundraising efforts, an innovative online tool developed by Gazelle (www.gazelle.com), the nation’s largest online consumer electronics reCommerce service. Instead of asking for cash, SHARED, with the help of Gazelle for Good, will raise funds by asking individuals to donate their used consumer electronics on http://shared.gazelle.com/. More than 20 categories of electronics will be accepted including laptops, MP3 players and cell phones. Gazelle will match all donations by five percent. The fundraising drive will take place online from August 10-24, 2009. Donations can also be made in person at a special event at SHARED’s office on August 17 from 5:30-7:00 PM at 1018 Beacon Street in Brookline, Massachusetts or at local businesses including XX. “Working in partnership with private and public organizations as well as individuals, SHARED is always looking for new and creative ways to raise funds to support our mission,” said Elizabeth Ziemba, President, SHARED, Inc. “So many potential donors have unused gadgets collecting dust in closets and drawers. Through the ‘Technology for Tots’ campaign, they can make special use of those unused items and help provide the resources necessary to improve global health.” “When we launched Gazelle for Good in May 2009 we wanted to create a unique platform for nonprofit organizations and individual fundraisers to raise money and access a broad base of donors,” said Israel Ganot, Chief Executive Officer, Gazelle. “This is exactly the way we hoped organizations would use our platform and our work with SHARED is one of more than 150 examples of ongoing fundraising campaigns that support a number of nonprofit organizations throughout the country. We feel privileged to have been chosen by SHARED to help them reach their fundraising goals.”  

see all