Published On: Sat, Apr 3rd, 2021

Backflip offers an easier approach to spin used wiring into cold, tough cash

Mike Barile spent dual years and racked adult scarcely $20,000 in credit label debt to move his initial startup, Backflip, to life.

The former government consultant had spent years toiling in a startup grind, initial during Uber, then, after holding a coding academy bootcamp by AppAcademy (where Barile met his co-founder, Adam Foosaner), during Google and during a unsuccessful cryptocurrency startup.

Burned by a crypto experience, Barile was casting about for his subsequent thing, and perplexing to find a approach to scratch adult some lease money, when he strike on a suspicion for Backflip. The knowledge of offered wiring online was still untrustworthy and Barile and Foosaner suspicion there had to be a improved way.

That approach became Backflip. It offers business income on smoothness for their used wiring — anything from Androids to Xboxes and Apple inclination to Gameboys.

When we initial started operative on backflip behind in Mar 2019, we met this child named Chris and he wanted to buy some of my aged iPhones. He had been a tyro during USF and as a side dispatch he started shopping used inclination and would remodel them and afterwards possibly sell them himself or sell them to an central reseller,” pronounced Barile. “Chris started creation so many income he forsaken out of school. That was a holy shit moment. He can make a lot of income doing this and he’s doing a unequivocally good thing.”

The problem, pronounced Barile, was safety. “He’s got all these inclination he’s appropriation profitable income for and he’s pushing all around town… Everyone who works in a [refurbish and resell] attention has during slightest one story about removing attacked during gunpoint.”

Backflip solved that problem by being a surrogate between buyers and sellers and holding a tiny elect for handling a transaction.

The association lifted a initial income during a finish of 2019, though before that, Foosaner and Barile lived off of credit and used electronics.

So far, Backflip has facilitated a sell of roughly 3,000 devices. The association handles all from wiping a device and ensuring a peculiarity to anticipating a customer for a electronics. The association pays out roughly $150 per device and has deposited a small over $500,000 with users of a service, according to information supposing by a company.

“We did all sorts of things to get a initial few users,” pronounced Barile. We posted ads on Facebook Marketplace and Craiglist. We started experimenting during a finish of a summer with a many unclothed skeleton mobile app kind of thing. At that indicate it was only Adam and I,” Barile said.

Starting now, Backflip is operative with UPS stores to yield in-person drop-off and wrapping centers for a used electronics. Over time, Barile sees those services expanding to offer income on delivery. “The knowledge will be identical to an Amazon return,” he said. “Except we’ll be profitable you.”

Currently about half of a company’s register is used handsets and mobile devices, though Barile pronounced that could dump to a third of register as word spreads about a hundred-odd pieces of wiring that Backflip is peaceful to

“Unlike other resale options, Backflip prioritizes a user’s time and convenience,” pronounced Foosaner in a statement. “Forget a back-and-forth of negotiating over cost and scheduling a meetup. We’re here to do all a work for a seller and make certain they get paid sincerely and quickly. Backflip users can know that they’re removing a many for their inclination but carrying to do anything other than move them to The UPS Store or box them adult during home.”

The tie to a refurbishing village started early for Barile, whose mom had a side business called “Stone Cottage Workshop” where she was flipping refurbished seat on eBay and during internal preservation stores nearby Barile’s bucolic New Jersey hometown.

“We wish to build a Amazon of creation things disappear from your apartment,” Barile said. 

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