The Business Benefits Of Selling Used IT Equipment

0 comments

The rapid rate of technological advancement has led to frequent equipment upgrades for businesses across the globe. Consequently, there are millions of end-of-use units of IT parts and equipment being generated by organizations across the globe. While this may be viewed as a burden by some, wise organizations are seeing the opportunity to publish the growing used IT equipment market as a means of recovery.

This practice not only yields cost-saving benefits, but also the benefits of sustainability, revenue generation, the assurance of data security and responsible IT practices. In this blog, we’ll review the second-hand market for businesses and some examples of organizations that have been able to successfully leverage its common principles.

Cost savings

There are numerous benefits of selling second hand equipment, but the first and foremost reason is the significant cost-saving opportunities it presents to businesses. Purchasing IT equipment is an expensive process, particularly for small to medium-sized businesses with limited budgets.

By selling their used equipment, organizations are able to regain a portion of their initial investment. This recovered capital can then be redeployed to more critical areas of their operations.

Cost savings

Businesses can save considerable costs by investing in used IT equipment instead of purchasing new equipment. New IT equipment is often marked up significantly due to the latest technologies and latest designs.

Used equipment can often be acquired for similar performance and reliability at a small fraction of the price. By choosing reliable used equipment, businesses can extend their IT budget and invest in other areas of their business.

Environmental sustainability

Finally, in today’s global climate, it has become critical to address e-waste and implement environmental sustainability. The disposal of e-waste, which includes obsolete IT equipment, is highly hazardous to the environment given the hazardous materials and non-biodegradable components present. 

The sale of used IT equipment supports environmental sustainability by keeping these devices alive and out of the new equipment production cycle. Rather, the sale of used IT equipment keeps these devices alive and out of the new equipment production cycle. By selling used IT equipment, businesses are participating in sustainable practices in the circular economy.

Not only is the life of the IT equipment extended, but the need for raw material extraction, manufacturing of new IT equipment and the transportation of that new IT equipment are eliminated. Furthermore, the sale of used IT equipment is helping to divert e-waste from landfills and drastically reduce the environmental impact from improper disposal of electronics.

Many organizations have adopted robust sustainability policies around selling used IT equipment. For example, one big corporation implemented a comprehensive IT equipment recycling program including a program that rewards employees for selling their used IT equipment back to the company. 

The IT equipment is then either refurbished and sold to other employees or external buyers. The Program doesn’t stop at sustainability, as it significantly reduces the company’s procurement costs and makes good on that already mentioned corporate commitment to environmental responsibility.

Environmental sustainability

Revenue generation

Selling used IT equipment to companies like Big Data Supply generates revenue, allowing businesses to recoup some portion of their original investments. Instead of leaving unused equipment to collect dust in storage, these assets can be converted into valuable resources. Additionally, the revenue generated through selling used equipment is available for reinvestment in other areas of the business, driving growth and innovation.

Comparing the revenue generation from selling versus disposing of used IT equipment, the difference is huge. Businesses are able to capture some portion of the original value of the equipment by selling it, rather than paying steep disposal fees. In addition to costly disposal fees, disposing of IT equipment may also incur expenses for secure data-wiping, transportation, and hazardous material landfill.

Data security and proper disposal

Proper disposal of IT equipment is critical to data security and regulatory compliance. Selling used IT equipment to reputable providers ensures that any remaining confidential data is securely wiped or destroyed before the equipment changes hands. This reduces the threat of a data breach and prevents sensitive information from falling into the wrong hands.

Selling used IT equipment ensures proper disposal, reducing the environmental impact caused by improper handling of electronic waste. Reputable resellers adhere to industry best practices for handling and disposing of equipment, following local regulations and environmental standards. This means IT equipment is recycled or refurbished in a way that minimizes its impact on the environment.

Choosing the right reseller

To fully realize these advantages through selling used IT equipment, it really comes down to picking the right reseller. When selecting a reseller, companies should look for reputation, certifications and IT asset disposition experience.

Choosing the right reseller

Working with a reputable reseller ensures a company that equipment will be handled properly and documentation will be provided, as well as the peace of mind that proper documentation of their legal and ethical recovery and recycling of sensitive data on that equipment.

When it comes to reselling, businesses have several options at their disposal. For example, ITAD companies manage the entire process from data wiping to the resale of the equipment. They specialize in IT asset disposition and have market insight to efficiently unload retired IT equipment. Online marketplaces, on the other hand, can provide access to a larger number of potential buyers.

With this option, however, the business must handle data wiping and logistics to get the equipment from its data center to the buyer. When choosing a reseller it’s important to consider how the reseller handles data security, brand reputation and its adherence to liquidation schedules based on a company’s hardware refresh cycles, or when service level agreements renew on the equipment.

This information will help ensure a successful relationship. Other best practices, according to Ververica, include vetting resellers to ensure they have the necessary certifications such as zero landfill and ISO 27001, which outlines best practices for an information security management system. Proper vetting includes site visits to understand vendors’ processes first hand.

Create clear communication channels to establish benchmarked reports on reseller performance. It is also important to negotiate terms that will allow for transparency of process and clear KPIs to see what the reseller’s average margin was, and how close they came to it.

Conclusion

Businesses can benefit from selling used IT equipment by realizing significant cost savings, minimizing e-waste, generating revenue, addressing security and handling proper disposal. Rather than investing in new equipment, businesses can see cost savings in the purchases of used equipment.

Sustainability is achieved by continuing the life of working devices instead of adding to e-waste. Companies can offset investments by selling equipment to the right reseller and reinvesting in other aspects of their operations. 

Security is addressed by proper disposal and minimizing the chances of data breaches. A successful and secure transaction is more likely to occur when the right reseller is chosen. Businesses can glean the benefits from responsible and sustainable IT practices and help contribute to a much more sustainable future.

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}