iReTron from Shark Tank is an online electronics recycling company. They take old, unwanted, or broken electronics and recycle them for you.
This includes phones, laptops, tablets, and more. You send in your device, and they will take care of the rest. Plus, you get paid for recycling your electronics!
How Does iReTron Work?
It’s simple! Go to their website and select the type of device you want to recycle. Then, tell them a little about your device and its condition.
iReTron will give you a quote for how much they will pay you for your device. Print a shipping label if you like the pricing and send your device in.
Once they receive it, they will inspect it and ensure everything is working correctly. Then, they will recycle it and send you the money!
How Did the Shark Tank Pitch Go?
The Sharks were impressed with iReTron’s business model and growth potential. They agreed that this is a great way to recycle electronics and make some extra money. However, they were concerned about the environmental impact of recycling electronics.
Overall, the Sharks thought iReTron was a great idea with great potential. Mark Cuban and Barbara Corcoran offered the company a deal for $100K for 20% equity in the business. The company accepted and is now in business with the Sharks!
Are They Still an Active Company?
It’s been a few years since iReTron was featured on Shark Tank, but they’re still going strong. They offer free shipping and returns on all eligible items, and they have a wide variety of devices that they accept for recycling.
If you’re interested in getting rid of your old electronics, iReTron is a great option to consider.
What Makes It Unique?
What makes iReTron unique is its focus on customer service and convenience. They offer free shipping for all orders, and they have a team of experts who can help you choose the best recycling option for your electronics.
iReTron is also unique in its dedication to environmental responsibility. They are committed to recycling all electronics responsibly, and they work with a number of certified e-waste recyclers.
Our Review of iReTron
We were very intrigued when we saw iReTron on Shark Tank. We love the idea of recycling old electronics and getting paid for it! And, we were impressed with how much money the company has already made.
However, we did have some concerns. First, it seems like there could be a lot of competition in this space. There are already a few other companies that do similar things. And, with the popularity of Shark Tank, we’re sure there will be even more competition soon.
Second, we’re not sure how well iReTron will be able to scale. They might have difficulty keeping up with all the orders they get if they don’t have enough staff or recycling centers.
Overall, we think iReTron is a great idea, and we hope they are successful. But, we’ll be interested to see how they do in the coming months and years.
Pros of iReTron
As one of the most popular companies on Shark Tank, iReTron has made a name for itself. If you’re thinking about using their services to recycle your old electronics, you should know a few things.
Reliable and Trustworthy
iReTron is a very reliable and trustworthy company. It has an excellent reputation and has been in business for several years.
Easy to Use
One of the best things about iReTron is that they offer a very convenient and easy-to-use recycling process. You must ship your old electronics to their facility, and they will take care of the rest.
Competitive Prices
Another great thing about iReTron is that it offers competitive prices for your old electronics. They will often pay you more than you would get from a local recycling center.
Overall, if you’re looking for a reliable and easy-to-use recycling service, iReTron is the way to go.
Cons of iReTron
A few critical cons of iReTron need to be considered before using the service.
Only Pays For Shipping If Your Item Sells for Over $5
iReTron only pays for shipping if your item sells for over $5. This may not be worth it for some people, especially if they have to pay for shipping themselves.
Does Not Accept All Electronics
Additionally, iIReTron does not accept all electronics. They have a list of accepted items on their website, but it is not exhaustive.
Takes 10% Commission
Finally, iReTron takes a 10% commission on all sales. This is higher than some other similar services.
Overall, iReTron is a decent option for recycling old electronics. However, there are a few essential cons to be aware of before using the service. Check their list of accepted items and be mindful of the shipping and commission policies.
Are There Any Alternatives?
If you’re looking for an alternative to iReTron, there are a few options available.
ecoATM
ecoATM is an online recycling company that makes it easy for you to get cash for your used devices. ecoATM is a company that provides kiosks where people can recycle their old electronics. The kiosks provide instant cash payments for the devices.
GreenBuyBack
GreenBuyBack is the leading online provider of electronic recycling services. They make it easy and convenient for you to recycle your unwanted or outdated electronics while ensuring that they are properly disposed of in an environmentally responsible manner.
Gazelle
Gazelle is an online electronics recycling company that makes it easy for consumers to recycle their old, unwanted, or unused electronics. They accept a wide range of devices, from phones and tablets to laptops and gaming consoles, and offer free shipping and a hassle-free process.
So, if you’re looking for an alternative to iReTron, there are a few options available. You can check out ecoATM, GreenBuyback, or Gazelle.
Our Final Thoughts
The Sharks were very impressed with the iReTron business model and invested a total of $100K for a 20% stake in the company.
Since appearing on Shark Tank, iReTron has grown at an impressive rate. The company has processed over 1 million devices and has saved millions of pounds of waste from going into landfills.
We think the iReTron story is an excellent example of how a business can succeed while also doing good for the environment. We hope they continue to grow and help more people recycle their old electronics!
