Company case study
Electronics Fundraiser by Phone Restore
A unique approach to fundraising that turns unwanted electronics into cash for schools and clubs!
Electronics Fundraiser by Phone Restore: Founded by a coach who realized traditional fundraisers were stale, this business collects old electronics from parents and sells them on eBay. It came up on Koerner Office in the episode "Viral Treasure Hunts, E-Recycling and 2 More Business ideas! Ep. #77" (aired October 11, 2024).
At a glance
| Podcast | Koerner Office |
|---|---|
| Hosted by | Chris Koerner |
| Episode | Viral Treasure Hunts, E-Recycling and 2 More Business ideas! Ep. #77 |
| Aired | October 11, 2024 |
| Revenue and traction | While specific revenue figures weren't mentioned, the model suggests significant potential since people donate items they no longer use, and the fundraising organization earns a cut from sales without any upfront costs. |
| Category | Marketplace |
Figures and claims are as told on the episode, summarized from the transcript. Check the date: they describe the company at the time it aired.
What the episode said
Viral Treasure Hunts, E-Recycling and 2 More Business ideas! Ep. #77 · aired October 11, 2024 · hosted by Chris Koerner
Why it works
This business capitalizes on the surplus of unused electronics in households, making it an easy sell for parents to donate. Additionally, the model provides a no-cost solution that can yield substantial returns for the fundraising organizations involved.
Founding story
The founder was a wrestling coach who wanted to find a fresh way to raise funds for his team's activities. He leveraged his existing business, Phone Restore, to create a simple yet effective electronics recycling drive, allowing parents to easily contribute while getting rid of old devices.
Also mentioned
Utilize platforms like eBay for selling items, and consider local recycling centers for items that have little resale value. Building partnerships with local businesses for promotional support can also boost visibility. The key to success is effective communication and community engagement.