Businesses Turn Old Smartphones Into Cash, Go Green with HelloTotem

It's not every day that a business finds $238,000 buried in their surplus store room, but that's essentially what recently happened to one Fortune 500 company. For many years, Totem -- an online outfit that purchases used smartphones -- has offered individual consumers the ability to trade their old phones in for cash. Now, with the launch of HelloTotem for business, both large and small companies alike can take advantage of this service to not only reap big cash benefits, but responsibly and securely recycle their unused technology.

Many individuals have found the convenience of the process and comparatively high buy-back prices offered by Totem an attractive alternative to trying to sell their used phones on eBay or the like. Dealing with the many potential uncertainties involved when working with another private party adds logistical headaches that many consumers would just as soon avoid. From a business perspective, when tens, hundreds or even thousands of phones may be involved, attempting to sell each device to individual buyers becomes impractical at best. Enter Totem, which gives business a very viable, secure and profitable way to liquidate retired technology.

The unnamed Fortune 500 company mentioned earlier was able to liquidate a whole fleet of used devices to the tune of nearly a quarter of a million dollars. Not only did this help pad their balance sheet, it preventsed those devices from ending up in a landfill, where they would potentially leach harmful metals and toxins into the surrounding environment.

Totem also stresses the secure nature of their buy back program. If requested, Totem can provide erasure services. This device erasure or wiping conforms to either HMG Infosec Standard 5 or US Department of Defense Directive 5220.22-M, labels which may mean little to many of us, but mean quite a lot to small or large business entities looking to protect private company data.

With the introduction of their corporate program, Totem has brought the benefits of their individual consumer buy back services to larger entities. This new service not only gives businesses a logistically simple way to recycle unwanted technology and do what's right for the environment, but it does so in a way that is incentivized with cash. After all, what is more likely to encourage a business to go green than make doing so a positive impact on their bottom line?

For more information, visit Totem's corporate cell phone recyling site.

If you're an individual looking to get cash for your old iPhone or other smartphone, head to Totem's smartphone recycling site for individuals.