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NextWorth’s Great iPod Exchange streamlines how consumers sell their used iPods

New online service exchange makes it easy as 1-2-3
to upgrade old iPods for quick cash

Boston (Needham, Mass), February 7, 2006

NextWorth® today launched The Great iPod Exchange, a convenient service giving consumers a hassle-free way to sell and get the best cash value possible for their used Apple iPod®.

iPod: Red-hot product—new or used

The iPod is the most successful product line in the history of consumer electronics, with Apple shipping a staggering 14 million new iPods in Q-4 2005 (double the quantity sold in the previous quarter); yet, there is a significant market for used iPods. Just as mobile phones have essentially become “disposable” technology, as Apple ships new iPod products, consumers are increasingly eager to replace their current MP3 players with trendy new models with more capacity and added features. During the 2005 holiday shopping season, according to Gene Munster, senior research analyst at Piper Jaffray, one-third of iPod buyers were either replacing an earlier model or acquiring an additional player. Given the sheer number of iPod owners, sales and brand traction, Munster sees “an emerging market for older iPods.”

Getting a Check--Easy as 1-2-3

While some wish to sell their used iPods themselves, The Great iPod Exchange streamlines the sales process, giving customers a better cash return than they might realize through alternative outlets (e.g. Apple Store, PodSwap, SmallDog Electronics).

“We’ve designed The Great iPod Exchange to be the easiest way for consumers to sell their used iPods,” said David Chen, CEO. “With three simple steps, our customers exchange their iPod and receive a check.”  

1) Complete form

Point your browser to http://ipod.nextworth.com, complete online form with details on the condition, model and components of the used iPod. NextWorth provides an instant “guaranteed value” quote for the unit. NextWorth ships the original owner a postage-paid return package.

2) Return iPod

Owner ships iPod and accompanying materials (disc, literature, peripherals) to NextWorth in pre-paid postage package.

3) Receive a check

After receiving and evaluating the customer’s iPod, NextWorth inspects and verifies the condition of the iPod.  Within 2 weeks of their initial contact to NextWorth, the customer receives the check for the “guaranteed value”.

Trade-In, Trade-Up, Get A Good Price

Knowing some customers may want to trade-up to new iPods, NextWorth has partnered with Amazon.com for a fast, click-through process to purchase new models at a great price.  When buying new iPods through NextWorth, customers receive a rebate, and the price they’ll pay will be lower than that they would pay buying directly from Amazon.com.

Feel good— NextWorth’s “One Percent for Music Education” Program

Continuing its mission of social responsibility, NextWorth allocates 1 per cent of its net revenues (minus price paid for each iPod and associated third party fees) as a donation to charities focused on music education. “We welcome inquiries from legitimate non-profit organizations who share our commitment to advance music education for the youth of America,” said Scott Richardson, VP, business development and community partnerships. Initial beneficiaries of NextWorth’s “One Percent for Music Education” Program include two non-profits committed to inspiring a love for music among American children:

1) The Passim Center’s “Culture for Kids”

A multicultural community program for kids 8-12 yrs old, dedicated to cultivating and preserving folk music. http://www.passimcenter.org/cultureforkids/

2) The Bubs Foundation

Has made over-60financial grants to Boston-area public middle and high schools, to augment under-funded music education programs, and encourage “Fun Through Song.” www.bubsfoundation.com

Interested organizations who would like to apply for a grant should send an e-mail to createcommonwealth@nextworth.com

Further details on The Great iPod Exchange: ipod.nextworth.com 

Original URL:
http://www.ilounge.com/index.php/news/comments/6941/

About NextWorth

Headquartered in Needham, Mass., NextWorth is a provider of convenient, outsourced, trade-in services designed to help individuals, corporations, a non-profits create new capital by facilitating the sale of unused valuables through multiple online and offline sales channels. NextWorth's goal is to become the leader in providing professional, community-based, trusted selling solutions to owners of items valued between $100 and $3,000+. NextWorth provides sellers with a hassle-free experience through a unique, personalized, full-circle approach for best financial return and rapid liquidation. The NextWorth management team consists of veterans from commerce, financial, and Internet services and the non-profit sector, with years of expert auction experience and a unique People-Service-Value approach. NextWorth is a private company, funded by angel and institutional investors. www.nextworth.com

Press Contacts: press@nextworth.com or call 781.449.4700

iPod is a registered trademark of Apple Computer, Inc. NextWorth, PreBay, and Create Commonwealth are trademarks of NextWorth Solutions, Inc. Copyright 2006 All rights reserved. All other products & brands mentioned herein are the property of their respective holders.

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