Question 1

Do you have data to show this platform actually works?

Accepted Answer

While we can't provide partner names, we can share some success stats from a case study we did jointly with a partner. PhoneX Storefront helped this partner:   Triple customers   Increase margins by 30%-40%  Reduce sales reps from 5 to 2  Bring sellable inventory turns to more than once a week  Improve overall profitability from about $2M a year to $6.5M a year    Some of the largest players in the industry use PhoneX, and billions of dollars in devices have moved through the platform.

Question 2

Why would I want to use the same platform my competitors could have?

Accepted Answer

All of the benefits that your customers enjoy when they buy from you will still be there. PhoneX Storefront simply enables you to do all of your value-add activities more efficiently, save time for your salespeople, and service more of your customers. But your company will still have the same value proposition.    PhoneX provides a B2B selling platform to our industry that helps maximize profits, but it can only enhance the value proposition that you already provide to your customers.      Think about it this way: If you don’t use a platform while others in the industry do, wouldn’t you be at a disadvantage? This is no different from two businesses in a different industry both having a website. In most industries, everyone has a website, but that doesn't mean their businesses are the same. What will differentiate you is your testing, grading, customer service, and your supply. The key is not to be the only company without an online presence.

Question 3

How is this different from shopping platforms like Shopify?

Accepted Answer

You already know that the least expensive solution is not always the best solution. These platforms don't drive a higher price. PhoneX Storefront has been proven to increase margins by 3%-5% while freeing up cash flow and time for you and your salespeople.

Question 4

Am I going to need to hire or dedicate staff to make this work?

Accepted Answer

The idea of PhoneX is to enable you to serve more customers with fewer employees. For example, one of our partners was able to reduce their sales force while tripling their customer base. This contributed heavily to its increase in profitability.    You will likely need to have one person, which can be a sales rep, to manage clearing offers. This function can replace multiple sales reps and put a lot more control in your hands.

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