There’s money to be made in returned consumer electronics – Luzern, an eBay and Amazon seller based in Ireland has just received a €2.5 million investment from an Irish technology venture capital firm.
The investment from Delta Partners will be used to accelerate growth of Luzern’s international operations. They already have a presence in the UK, Spain, Germany and Netherlands as well as their base in Ireland.
Managing the disposal of returned products from companies such as Archos, Brother, Creative, Palm, Philips, Sanyo they have recently signed their first deal in the US. Luzern use their own proprietary web based application “Channel Optimiser” to manage the flow of products onto site such as Amazon, eBay, PriceMinister and their own website www.luzerntech.com.
Channel Optimiser (.pdf doc) gives Luzern the ability to switch products into different marketplaces or country sites in order to achieve the best return as well as managing the entire sales process from inventory management to shipping.
It’s always good to hear of success stories and it’s great to hear a company like Luzern is prospering. We wish them good luck for the future and look forward to hearing more from them in the future.
6 Responses
Weren’t a lot of these “returned items” sellers kicked off eBay a long time ago? I used to regularly buy from several of them but they all went NARU or formed their own auction sites.
I guess the difference between those that went and those that stayed is which were doing the better job of it 😉
just shows how inflated the value of electricals are,
when a host of other companies
can be allowed to profit so much out of rejects and returns
Postage and packaging charges 4.3 DSR
😐
great feedback too!
They mailed ‘sorry it didn’t work’. item then arrived and didn’t work. Dodgy!!!
I met one of the Directors last year at an ebay event in Ireland and he was great craic and full of some great advice too,
All the best to them!