Many of us buy a lot of electronics every year. But what do we do once we’ve replaced them? Usually sell them on eBay, Craigslist, Swappa, Amazon, etc., I know, I can be a bit lazy at selling these old devices. In fact, I have a drawer full of old phones and tablets that never got sold along with a ton of cases and other accessories, because I was simply to busy and lazy to do so. That’s where this new startup comes in. It’s called Sold. Which launched earlier this year, and it’s quite intriguing.
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Back in April, Sold launched on iOS, but today they are launching on Android. I know, I know, yet another company that launches their app on iOS before Android despite the huge market share that Android has and the over a million Android devices activated daily. Sold has already seen funding from a variety of investors like Google Ventures, Greylock Partners, Matrix Partners and the team at Boston Seed. Sold says they’ve sold more than 2,000 unique products in it’s marketplace, and saw a 50% growth in items posted last month. Additionally, their prices are about 43% higher than Gazelle’s, which is great for sellers.
The Co-Founder of Sold, Devincenzi tells us that Sold is now projecting $1 million in annual revenue as of it’s first 90 days and it’s still growing fast and furious. Which is great to see for a new startup. With the app debuting on Android today, I expect that revenue to double in the next few months. The launch on Android has also sped up the process to going from post to payment in just 4 days, and even sees popular items sold within an hour. Sold is also now accepting items with a market value of $50 and up.
You can grab the app by hitting the Google Play button down below.