How Does GreenCitizen Determine Asset Values?
We Don't. Market conditions determine the current residual value of your equipment. The value of electronics constantly changes as technology advances, so before submitting assets for recovery, it's essential that you know the specifications of your equipment and can determine the current market price.
How Net Revenue is Calculated
Net revenue is calculated by the sale price minus a fixed, asset-recovery management fee of $50/unit, plus a 15% sale price listing fee. You do not have to pay any fees up front. These will be subtracted after the sale is complete and the net revenue is calculated.
Two Lenovo ThinkPads sell for $500.00 each
Gross Revenue: $ 1,000.00 ($500 x 2 units)
management fee $100.00 ($50/unit x 2 units)
15% listing fee $150.00 (15% of $500.00 sale price x 2 units)
Net Revenue: $750.00
You receive 70% $525.00 of net revenue
CAUTION: If any of these items sell for LESS THAN $200.00, that item will yield NO revenue sharing. GreenCitizen will make every effort to yield the maximum revenue for every asset; however, we cannot control market conditions that will ultimately determine the value of your assets. ANY ITEM THAT SELLS FOR LESS THAN THE $200.00 MINIMUM WILL NOT BE ELIGIBLE FOR REVENUE SHARING
Tips on Determining Asset Values
There are many factors that will affect the value of your item, including processor type, processor speed, system memory, hard-drive capacity, screen size, year of manufacture, and level of wear. When you gather more information beforehand, you'll have a better understanding of the revenue potential of your assets.
If you are not certain of the current value of your items, it's possible to determine a price range online.
The WORTHmonkey website (www.worthmonkey.com) is an easy-to-use tool that references the asking and selling prices of devices from various sites on the Internet. WORTHmonkey will return a range of prices based on the information provided.
CAUTION: It's important to provide as precise a description of the configuration of your item as possible. For instance, if you search for "Thinkpad," the average price may be over $200.00, but if you add the model number "Thinkpad T41" then the average price will be much lower.
eBay Completed Listings Search
Looking through the items that have recently been sold on eBay is another reliable method for determining the value of your item. On eBay's advanced Search page (http://www.ebay.com/sch/ebayadvsearch/?rt=nc) ,select "Completed Listings" and search for your device to see the sale price of recently sold similar items.