ReCommerce: Own The Upgrade Cycle
ReCommerce & Fintech Indonesian Startup Laku6 can upgrade your lifestyle. The Laku6 Recommerce Platform offers many services. They have team members from all across Asia (Singapore, Jakarta, and Bangkok).
- Device Certification
- Repair or Refurbish
- ReKit or RePackage
- After Sales Coverage
Customers can trade in their devices in over 500 retail outlets. Laku6 has collected and sold over 20,000 devices since 2015 and is a very promising up and coming Indonesian Startup.
Why use Laku6?
- Laku6 makes upgrading devices more affordable by 30%.
- They are #1 in Google Price Search.
- 300% year to year growth.
- Largest Offline trade-in service.
- AI Pricing for accuracy
- #1 Omni-Channel Sales
Selling on Laku6 makes sure you get the price for your device.
The resale value is one of the hardest price points to determine. Laku6 takes all the data from previous sales to real-time sales data to give an accurate prediction of the resale price.
Then Laku6 offers certified used-phones with a 90-day warranty. The market for B2B is also there as Laku6 can become the supplier for many of the offline distributors and outlets.
ReCommerce is very popular with the middle class. Most people trade in their phones for an upgrade. The market in ReCommerce is growing every year the low to middle class grows. This is the perfect product for the cash-strapped market.
What New Phones Instead?
Laku6 also has a mobile app called Ngebet Kredit to get new phones in installments with cashless upgrades. With down-payments starting from as low as 10%, customers can do a 12-month installment plan without a credit card. Trade-Up options can offer after 6-9 payments. Then the 12-month installment will restart for the new device. Upon the trade-up, all remaining installments are cleared (using the residual value of the used-device).
So with Laku6 you will get affordable Installments, a new phone every year, and cheaper installments every cycle (due to trade-in). This “Cashless-Upgrade” is possible because of Laku6’s partnership with retail stores that have hundreds of offline outlets.
The Future of Laku6
Laku6 is aiming to be the leader in consumer electronics upgrades for the cash-strapped middle-class market in Southeast Asia. They will look to get into credit scoring with all the data collected as well as continue their development of their pricing A.I.