How to Maximize Your IT Asset Recovery
The bottom line is always important in business. If you want to thrive, you have to be careful to balance income and expenditures, spending when necessary, but also saving money where you can to maximize profitability.
When it comes to IT assets, this can be difficult. Technological advances seem near constant in this day and age. There’s always a better option, offering faster speed, improved resolution, updated security, and so on.
As a wise business owner, you have to temper the desire to purchases the latest and greatest technologies too frequently, not only because of the cost of upgrading, but because you also have to figure out what to do with the assets you replace. What if you could make money selling your old IT assets to help offset the cost of new ones?
With IT asset recovery, your South Dakota business has the opportunity to see some return on investment, especially when you partner with a certified ITAD service provider that can wipe and refurbish your equipment and devices in keeping with all applicable consumer privacy laws. You just have to make sure you take steps to maximize returns, and there are a few things to consider.
Strategic Life Cycle Planning
You naturally want to get the most use value out of IT equipment and devices, from computers and servers, to smartphones and tablets, but if your ITAD strategy includes asset recovery for monetary gain, you may need to consider a different approach. By strategically upgrading before IT assets become ancient and unwanted, you have the best opportunity to get extensive use from equipment, but still see decent returns.
The trick is to plan a strategy that includes selling at the right time. It isn’t always easy to pinpoint that sweet spot where you feel you’ve gotten adequate use from a device, but it still has enough life left in it to retain some resale value. A fairly standard rule of thumb is to plan for upgrades within 3-5 years of purchasing equipment. This will not only ensure that you have relatively modern equipment on hand, but also that your old equipment is still viable enough that a company looking to save money might find it a bargain alternative to purchasing newer models.
Maintenance and Records Management
You know that selling your car is made easier by performing regular maintenance to keep it in good shape and saving records as proof. The same is essentially true of your IT equipment. If you’ve kept your IT assets in good shape and you have detailed inventory records to show proper care, you’ll have the best opportunity to maximize returns when you decide to sell.
Time can be of the essence when it comes to remarketing used IT equipment. The longer you wait, the less valuable your assets are. This is why it’s so important to partner with a reliable and certified ITAD service provider to quickly and thoroughly wipe data, in keeping with consumer privacy laws, and refurbish equipment and devices as needed to resell them for the greatest possible return.
If maximizing IT asset recovery is a goal for your South Dakota business, contact the experts at SEAM today at 605-274-7326 (SEAM) or online to learn more and get started.