recommerce

Recommerce – what is it and what benefits can it bring to your company?

Recommerce offers numerous advantages, including environmental protection, cost savings, enhanced company reputation, and product accessibility. It is a crucial component of modern business, helping to maximize the value of used products and promote a more sustainable approach to consumption.

What is recommence?

Recommerce, a portmanteau of “reuse” and “commerce,” is a concept revolutionizing how consumers and businesses perceive their used products. While it might initially appear to be ordinary secondhand trading, it goes far beyond that.

In essence, recommerce is the practice of reintroducing previously purchased and used products to the market for resale or exchange. This means that old clothing, electronics, furniture, and even books can find a second life beyond drawers or closets.

A key element of recommerce is promoting sustainable consumerism and reducing waste. Introducing secondhand products into a closed-loop system can help minimize waste and reduce the negative environmental impact. It also revolutionizes the traditional retail model, encouraging consumers to make thoughtful purchases and conscious choices.

Recommerce not only aids in reducing environmental impact but also provides consumers access to lower-cost products, attracting many people to this trend. Therefore, it’s valuable to understand what recommerce is and the benefits it can offer to individuals and businesses.

What value does recommerce bring to today’s business world?

The value and significance of recommerce in today’s business world are undeniable and become increasingly visible in light of growing ecological awareness and changing consumption patterns. Here’s why recommerce is so important:

Sustainable development: Recommerce aligns perfectly with the concept of sustainable development. It extends the product lifecycle, reducing waste generation and lessening the burden on the natural environment—a critical consideration in an era of growing environmental concerns.

Production cost reduction: For companies implementing a recommerce strategy, there is potential for significant production cost reduction. Refurbishing used products can be cheaper than manufacturing new ones, leading to savings and increased competitiveness.

Building a positive brand image: A company engaging in recommerce demonstrates its commitment to environmental protection and sustainable development. This can attract customers who increasingly prioritize social and ecological values. A positive brand image can result in increased customer loyalty.

Accessibility for various social groups: Reccommerce can also enhance product accessibility for individuals with lower economic status. Used products are often more affordable than new ones, making them accessible to a broader range of people.

Innovation and adaptation: Companies involved in recommerce often need to develop new skills and technologies, fostering innovation and development. This, in turn, helps companies better prepare for market changes and meet evolving consumer expectations.

In today’s business world, which increasingly emphasizes sustainable development, waste reduction, and socially responsible practices, the recommerce concept is not only a valuable tool but also an essential element of a forward-thinking approach to business.

Benefits of recommerce for companies

  1. Revenue Increase: Implementing a recommerce strategy can significantly boost a company’s revenue.

This results from several key factors:

  • Expanded Product Range: Reccommerce allows companies to broaden their offerings with used products, attracting new customers and expanding their market reach.
  • Increased Product Turnover: Reccommerce enables multiple transactions with the same products, generating more sales and contributing to increased turnovers.
  • Profits from Renewed Products: Items subjected to the refurbishing process often fetch higher prices than their value on the secondary market, increasing profit margins.
  1. Waste Reduction and Environmental Impact:

Recommerce has a significant impact on reducing waste and using natural resources more efficiently.

This occurs for several reasons:

  • Product Reuse: Products that would otherwise end up in landfills or be discarded are reintroduced to the market, reducing waste.
  • Reduced Resource Consumption: By reusing and refurbishing products, there is less need for extracting new raw materials or manufacturing from scratch, positively impacting the environment.
  1. Brand Image Improvement and Customer Relations:

Recommerce can help companies build a positive brand image and foster lasting customer relationships:

  • Social Responsibility: Engagement in sustainable practices like recommerce demonstrates a company’s commitment to the environment and society, enhancing its image.
  • Customer Loyalty: Consumers increasingly value ecological and social values. A company promoting recommerce can attract more loyal customers.
  1. Savings in Procurement and Production:

Recommerce can yield significant savings in company operations:

  • Production Costs: Refurbishing or renewing used products can be significantly cheaper than producing new ones from scratch.
  • Inventory and Storage: Companies can reduce unused inventory, lowering costs associated with storage and inventory management.

Practical Recommerce Example

The growing popularity of recommerce is evident in the success story of an IT company that effectively implemented a recommerce strategy with the support of the SilentClicks platform.

This IT firm, specializing in consultancy, analytics, and business process improvement, with a workforce of a thousand employees worldwide, faced a significant challenge. After upgrading their electronic equipment, they needed to efficiently and responsibly dispose of their unused equipment.

This problem was not just about dealing with obsolete electronic equipment but also entailed commitments to environmental protection and sustainable asset management. Instead of treating the unused equipment as waste, the company opted for a more responsible approach, leveraging the recommerce concept.

Recommerce, as a strategy involving the reintroduction of used products to the market, became a key element in solving this problem. The company decided to collaborate with the SilentClicks platform to effectively implement its recommerce strategy.

The solution to this challenge involved the implementation of a dedicated auction system provided by SilentClicks. This solution seamlessly integrated with the company’s existing infrastructure and met the highest security standards.

The SilentClicks platform enabled the company to conduct up to 100 auctions, offering depreciated laptops to its employees for sale. The implementation process went smoothly and efficiently, with an intuitive interface allowing employees to quickly learn how to use the system. The results were impressive, as all laptops found buyers, significantly boosting the company’s revenue.

The business outcome of this endeavor was a remarkable increase in the company’s revenue by an impressive amount of PLN 108,000. This growth had a positive impact on the company’s financial results. It’s also worth noting that over 400 employees participated in the auctions, demonstrating their engagement in this innovative initiative.

Our platform not only brought tangible benefits to the company in terms of additional revenue but also helped them responsibly dispose of unused equipment, improving the efficiency of their infrastructure. This is an excellent example of how effectively implementing a recommerce strategy through SilentClicks can contribute to improved financial performance and employee engagement in a globally-reaching company.

Summary

In summary, recommerce is not just a trend, but also a crucial business strategy that offers numerous benefits. It helps protect the environment by reducing waste and efficiently utilizing resources, generates additional revenue, and enhances a company’s competitiveness. It also builds a positive brand image, attracts customers, and strengthens customer relationships. If you’d like to implement a recommerce strategy in your company or learn more about it, we invite you to contact our expert for a free consultation.

Schedule a free consultation and discover how to utilize recommerce in your company.

The future of renewed technologies: shaping environmental responsibility

The future of renewed technologies: shaping environmental responsibility

Renewed technologies are becoming increasingly significant in today’s society, which strives for sustainable development and […]

Recommerce – solutions for surplus storage from a social responsibility perspective

Recommerce – solutions for surplus storage from a social responsibility perspective

Stored goods in warehouses, especially end-of-collection items or products that haven’t gained popularity, often pose […]

Sustainability through recommerce: benefits for companies and the environment

Sustainability through recommerce: benefits for companies and the environment

Recommerce – the sale, purchase, and refurbishment of used products – is a tool to […]

How to support corporate social responsibility through recommerce? 

How to support corporate social responsibility through recommerce? 

Faced with the global challenges of climate change and loss of natural resources, companies are […]

Recommerce as a strategy for surplus inventory management: Resource Optimization and Sustainability

Recommerce as a strategy for surplus inventory management: Resource Optimization and Sustainability

Complicated supply chains and volatile market trends pose numerous difficulties for companies, which is why […]

The economic and environmental benefits of recommerce: the case of a technology company

The economic and environmental benefits of recommerce: the case of a technology company

In today’s dynamic business world, there is a concept that is gaining more and more […]

Where to sell surplus inventory – an effective sale on SilentClicks

Where to sell surplus inventory – an effective sale on SilentClicks

Surplus inventory can affect almost any business that deals in goods. The problem of stockpiles […]

How to sell off the market?

How to sell off the market?

In the dynamic business world full of challenges and constant change, discovering new ways of […]

How to create special offers using a specialized tool for in-company sales, SilentClicks?

How to create special offers using a specialized tool for in-company sales, SilentClicks?

Special offers attract attention and allow you to increase revenue in your business, but not […]

How to use SilentClicks to create a new sales channel?

How to use SilentClicks to create a new sales channel?

More sales is every salesman’s dream, but it’s not always profitable to create new sales […]

How does a specialized in-company sales tool help minimize warehousing costs?

How does a specialized in-company sales tool help minimize warehousing costs?

Warehousing costs are the bane of every business, both in product sales and service industries. […]

What are the benefits of using a specialized tool for in-company sales?

What are the benefits of using a specialized tool for in-company sales?

Internal selling in a company is a common practice, but it is not always done […]

How can online sales help maintain employee or customers loyalty?

How can online sales help maintain employee or customers loyalty?

Online sales attract attention, but in order to gain a loyal customer, you need to […]

What are the benefits of an online sales tool for employees and clients?

What are the benefits of an online sales tool for employees and clients?

Online shopping is already an everyday occurrence, but access to special sale offers and the […]

How do you use closed online auctions to sell products with a limited expiration date?

How do you use closed online auctions to sell products with a limited expiration date?

Products with a limited shelf life sometimes pose a challenge for retailers, who need to […]

What are ways to sell seasonal products quickly?

What are ways to sell seasonal products quickly?

The sale of seasonal products requires appropriate development of activities and a plan for customer […]

Case study. Changing the location of the company. How to get rid of unnecessary furniture?

Case study. Changing the location of the company. How to get rid of unnecessary furniture?

Information about the client’s company International technology company: IT services, hardware. Challenge  Changing the location […]

Surplus inventory – how to sell backlogged goods?

Surplus inventory – how to sell backlogged goods?

Backlogged goods and end-of-collection items that are not particularly popular can be a challenge even […]

What to do with used computers and laptops in a company?

What to do with used computers and laptops in a company?

Aging electronic equipment in a company can be a problem – computers and laptops that […]

What are the most common mistakes when selling out internally and how to avoid them?

What are the most common mistakes when selling out internally and how to avoid them?

An internal sale is an excellent opportunity for companies to get rid of products that […]

How to use SilentClicks to prepare a special offer for customers?

How to use SilentClicks to prepare a special offer for customers?

Creating special offers for customers is a way to stand out among your competitors. By […]

How to make a warehouse sale for contractors?

How to make a warehouse sale for contractors?

Warehouse sales for contractors are a great opportunity to get rid of unnecessary inventory and […]

Case study. Increasing revenue by €23,000

Case study. Increasing revenue by €23,000

We prepared a dedicated implementation of the SilentClicks, thanks to which the client was able to conduct 100 auctions of depreciated laptops for the benefit of employees.

What are the types of auctions, and what is the difference between them?

What are the types of auctions, and what is the difference between them?

A specialized tool for in-company sales, SilentClicks, allows you to create offers in three available […]

What factors should you consider when selecting a tool for in-company sales? 

What factors should you consider when selecting a tool for in-company sales? 

An in-company sales involves selling products or services to employees, customers or business partners at […]

Case-study. Sale 2% of total inventory annually.

Case-study. Sale 2% of total inventory annually.

In response to the business needs of FEMAX, we implemented a specialized tool for in-company sales SilenClicks. This provided a new sales channel for business customers to effectively sell off unnecessary products.

What is a specialized tool for in-company sales?

What is a specialized tool for in-company sales?

Organizing an online in-company sale with the SilentClisks is a great way to sell your unused equipment to your employees, prepare a sale for your golden customers or organize a charity auction.