Your e-waste recycling can help save the world and make you money at the same time! Most old IT assets still have some value, and people often underestimate the potential of their old assets when upgrading.
Very outdated technology might still be worthless, but even in this case it is worth making sure it is disposed of properly so your information doesn’t end up in the wrong hands!
If you are upgrading your equipment and find yourself needing to get rid of old IT assets make sure to evaluate your situation so you can plan out your strategy of how to add the most to the bottom line of your company. You can also find out the 4 factors that determine the resale value of your old IT assets.
IT Asset Disposition (ITAD) and E-Waste Recycling
IT asset disposition, or ITAD, is the business of disposing of unwanted IT equipment. An ITAD vendor could be a recycling company, or an IT remarketing specialist. Depending on the size of the enterprise, the approach to ITAD will vary. Where a small enterprise would place a high priority on returns from leftover equipment, a large enterprise has a proportionally lower priority for returns on its leftover equipment.
Here’s an overview of what the best ways to take advantage of your IT equipment for a few different situations
ITAD and E-Waste Recycling for Small Businesses
An organization on the smaller side without expensive equipment should look to sell leftovers themselves if possible. An ITAD vendor may not be able to return significant value remarketing equipment if it’s older, low quantity, or lower end. Not only are they having to purchase your equipment first, but they also have to invest time that could be spend on higher gross profit deals on your equipment. Thus, your returns from that ITAD vendor may be proportionally lower.
This makes DIY IT remarketing an appealing option for companies of this size.
To be sure you’re getting the best return, look at what equipment equivalent to yours is selling for on ebay, not what it’s listed for. Send a list of your equipment over to your chosen ITAD vendor and then compare the price they gave you versus the expected compensation from ebay. Take out seller fees on Ebay as well as labor costs for facilitating the sale, and then compare expected returns.
ITAD and E-Waste Recycling for Mid-Sized Businesses
A Mid sized enterprise with either valuable equipment or large quantities of equipment should absolutely consider going the ITAD vendor route. If the IT expert you would use to remarket your equipment is very valuable, then ITAD may be more appealing. You get returns without investing valuable labor off of other projects.
Look for a vendor with R2 certification to ensure their recycling practices have been reviewed and confirmed to be safe.
ITAD and E-Waste Recycling for Larger Businesses
A massive corporation with assets of all different varieties and ages in various locations may require a large recycling company. There are very few companies that can service global locations as well as a massive volume of equipment. For a corporation like this, the expense for recycling is fairly insignificant as well, and it generally makes the most sense for them to use an established, global E waste recycling service.
E waste management and IT Recycling: Economic stimulus package?
The electronic waste market is predicted to reach $26 billion by 2022. In 2002 this number was only $1 billion. Some other notable statistics:
- E-waste related business employed over 45,000 people; that number was only 6000 in 2002
- The U.S. processed over 4 million tons of leftover electronics in 2011 that otherwise would’ve just become e-waste in a landfill
- 70% of those 4.4 million tons of electronics by weight are converted to scrap commodities like steel or platinum and sold locally and overseas.
- Only a quarter of the E-waste business comes from consumer households, with the other three quarters of E-waste coming from enterprises.
- Only about 29% of processed e-waste is handled using accepted best practices and channels.
E Waste Recycling: Make a Difference to your Bottom Line and the Environment
As the problem of e-waste grows, there will be a dichotomy of companies who prioritize safe disposal and companies who do not. The vast majority of individuals want to help reduce pollution. However, most individuals in business are just a cog in the machine; they can’t affect significant change in their enterprise’s e-waste. If you are a decision maker, you have a unique ability to make a massive difference in our world. Do the right thing, and show the other companies in your field that it doesn’t have to be a hit to the bottom line to help our planet.