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Kiosks Give Cash for Your Cell Phone

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  • Description

    Ecoatm founder Mark Bowles weighs in on his kiosk business.

  • Duration 3:14
  • Date

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Are you looking for some fast cash for your slow outdated phone my next -- says his kiosks are just the thing.

To help you get paid it also help the environment.

A joining me now for the -- small business big began as mark vols founder.

Eco ATM.

Interesting idea mark that you've got here you're even of the second district for twenty -- what made you think that an eco -- it was the right way to got.

Well -- the original insight came from a reading a report that Nokia did this -- the summer of 2008.

Where they surveyed thirteen countries 6500 households and the consumers were only recycling about at a -- about 3%.

-- old -- loans and things like that market I wanna I wanna explain to our viewers of these are these are kiosks in malls basically across the country putting your old phone.

It gives you cash hence the ATM.

The hit to the to the name.

It today and interesting idea so do you think that there's actually growth for the -- -- -- are you making money off of it.

Absolutely.

We won't say how much were still private but we -- doing great we put millions of dollars back in the consumers' hands this here alone.

-- stuff that would have been -- waste that's cluttering our landfills but instead they got paid for -- we make little money in the process and it's good for the environment.

-- guns iPods MP3 players what about tablets we're -- getting to a point where many Americans are are upgrading their tablets can tonight.

The -- -- the HMO's won't get paid.

Yes absolutely we in fact just added that we've been running a test and then we just -- that nationwide.

All right do you -- a lot of technology startups in many of the companies that you.

Actually.

Real raising BC capital for frankly sold out the company is like Motorola and Microsoft and apple I -- I got to ask about the plan here -- Well we're just building an enterprise.

That does well in the exits take care of themselves.

We're just concentrating on building a business and expanding and growing.

Okay what do you get for like say that I have a phone it's it's not even a year old but I I'm dumb but that I want to recycle let.

What what I get for that -- what do you get for the mom.

Well what the technology does is it grades every phone different there's been about 4000 different phones made since beginning of time.

And we evaluate each one of those separately identify them and grade them into any conditions.

And so the price range differs on every phone so it depends on the phone but -- of the year old phone is probably still worth.

Somewhere between 75 and 250 go.

See you turn around and sell the phone I'm assuming it gets refurbished by some one where isn't -- is is it going overseas or isn't isn't saying here in this country.

Surprisingly there's actually a big domestic market as well as offshore but domestically.

We don't currently purchase a lot of use phones directly from retail but that's changing.

But they get refurbished and a lot of people have mobile phone insurance and these phones replace those when those are broken or warranty replacements things like that.

Well you're and you're twenty states right now -- on our viewers a map of where these kiosks are located mark balls thank you mark.

You're welcome.

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