00:00Do you know that 53.6 million tons of e-waste is generated every year in the world?
00:23And a large part of it is from smartphones.
00:26So don't forget to throw your unused phones in the dustbin.
00:30Please.
00:31Welcome to Tech Know by Nazaria.
00:33I am Ashish Atre.
00:34And today we are going to talk about the options to refurbish, resell and recycle old smartphones.
00:44So, what is refurbishing?
00:47Refurbishing means you sold your old usable phone
00:51and the authorized company repaired it and sold it to a new customer in a good condition.
00:57And both the people made a profit.
00:59Now how does this work?
01:01First of all, a phone is thoroughly inspected.
01:04Every component like screen, battery, motherboard and sensors are checked.
01:09If any component is not functional, it is replaced.
01:14In the next process, the phone is completely cleaned
01:17and the software is updated to the latest version.
01:20Finally, there is a rigorous testing phase
01:23in which every functionality like battery health, camera, touch screen response and charging is tested.
01:30This refurbishing process is not limited to just repair.
01:33Certified refurbished devices are provided with a warranty.
01:37For example, brands like Apple Certified Refurbished or Samsung Renewed
01:42sell refurbished phones with a standard quality guarantee.
01:47The refurbishing market has become a booming industry today.
01:50The market for refurbished phones around the world was around $50 billion in 2022.
01:56In countries like India, where smartphones have become an essential commodity,
02:00the demand for refurbished phones is increasing day by day.
02:03You will find easily certified refurbished devices on platforms like Amazon, Cashify and Flipkart.
02:13There is a lot of hype every time.
02:15Every time Apple launches a new iPhone.
02:17Last month, iPhone 16 was launched.
02:20Great phone!
02:21But let's get real for a moment.
02:23The processor is a little fast.
02:25There are minor upgrades in the camera and the design is the same as the previous one.
02:28There is no revolutionary change.
02:31But the price is skyrocketing every year.
02:34Buying a new iPhone model means you haven't gone anywhere till Rs 80,000.
02:39So when there is no such drastic change,
02:41then why not invest in a refurbished iPhone instead?
02:44You get the same Apple experience, same iPhone updates and high-quality build.
02:49But at a much more reasonable price.
02:51For example, you can get a refurbished iPhone 13 or 14 for around Rs 35,000 to Rs 45,000.
02:58So you can save up to 50% without compromising on the overall experience.
03:04Now you must be thinking that how much do refurbishing companies like Cashify buy these phones?
03:10And how much profit do they make?
03:12For example, for an iPhone 13 which is in good condition,
03:15companies like Cashify usually offer somewhere around Rs 20,000 to Rs 25,000
03:20depending on the condition, storage and model variant.
03:23Assume that Cashify bought the phone for Rs 22,000.
03:26In refurbishing and packaging, they spent a maximum of Rs 5,000 to Rs 8,000.
03:30And now they will sell the same phone in the market for around Rs 40,000.
03:34The profit margin can be around Rs 10,000 to Rs 15,000 on each phone.
03:39In short, refurbished companies are selling affordable phones and making a healthy profit.
03:48If the phone is in working condition, you can resell it.
03:52You have two options. Instant resale apps.
03:56Platforms like Cashify, Instacash, Meesho, OLX give you quick and convenient resale options.
04:03First of all, install the app, select the phone model,
04:08mention the condition of the phone, check the estimate price,
04:12select the pickup option and take the payment.
04:15Want better prices? Make a descriptive post on social media
04:19with the specs and conditions of your phone.
04:22Ask friends to reshare and you will be able to find the best buyer in your circle
04:26who will give you better value.
04:31A new name has been added to recycling. Upcycling.
04:35Didn't get it? Upcycling means putting the phone on other important tasks.
04:39In other words, Jugaad.
04:41How? Let's find out.
04:59If you have decided that the phone is of no use,
05:02it would be better to recycle it.
05:05Companies like Cashify remove valuable minerals and dispose toxic e-waste properly.
05:11Your phone also gets a nominal value.
05:14Download Cashify or similar recycle service apps.
05:17Mention the phone model and condition.
05:20Select the pickup service and receive the basic payment.
05:24By recycling old smartphones, you are also helping to reduce the pollution of the earth.
05:32Whatever you decide, upcycle, resell, recycle or donation.
05:36First of all, it is most important to securely erase your private data.
05:41How to do it? Let me tell you.
05:43Android users go to settings and click on the system.
05:46Choose reset option and then erase all data.
05:50Confirm and wait for the process to complete.
05:52iPhone users go to settings, click on the general icon,
05:56then click on transfer or reset iPhone and finally erase all content.
06:00Enter your passcode and confirm.
06:06Upcycle, recycle or resell the phone.
06:09Whatever option you choose, ensure that your data is safe
06:12and you are contributing towards reducing e-waste.
06:15If you have any new idea, then let us know in the comment section below.
06:22Don't forget to like, share and subscribe.
06:25I am Ashish Chhatre, you were watching TechKnow by Nazaria.
06:28I will meet you in my next video.
06:30Till then, have fun and stay responsible.
06:33Goodbye!
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