The Challenge:

As demand pre-owned mobile devices rose, the many players in this secondary market had no shared standard for grading the condition of these devices. Buyers were forced to rely on arbitrary terms like “Excellent” or “Grade B” and had very little idea of what they were going to receive. This led to disputes between parties, broken trust between buyers and suppliers, lost time, and wasted cash value.

The Solution:

CTIA Certification(™) set out to create a voluntary grading standard for use by all parties in the mobile device secondary market. They and assembled a board of experts representing some of the top stakeholders in the mobile industry—including B-Stock, an online auction platform that connects buyers and sellers of pre-owned mobile devices. The development and release of this standard was a game changer.

Results:

With B-Stock encouraging all users to abide by this newly developed standard, sellers and buyers alike saw multiple positive outcomes. Benefits of this new standard include slowed device depreciation, increased interest among new bidders, and a massive reduction in disputes over listing accuracy and device condition.

Want to learn more?

Download Full Case Study

 

More from the B-Stock Blog

B-Stock’s Summer Teammate Spotlight 2022: Meet Lloyd McFarland

B-Stock is so excited to welcome Lloyd McFarland to the Finance team this summer! As a summer teammate, we know Lloyd will be an incredible asset to the company. Lloyd studied Business Administration-Accounting at Texas A&M University at Commerce. Learn…

Aug 15 2022 · 3 min read

B-Stock’s Summer Teammate Spotlight 2022: Meet Jiarui Wang

B-Stock is so excited to welcome Jiarui Wang to the Product team this summer! As a summer teammate, we know Jiarui will be an incredible asset to the company. Jiarui is studying Quantitative Economics at UCLA. Learn a bit more…

Aug 10 2022 · 2 min read

B-Stock’s Newest Marketplace: NBG Home Liquidation Auctions

B-Stock is pleased to announce the launch today of NBG Home Liquidation Auctions – an official sales channel for NBG Home. What is NBG Home Liquidation Auctions? This B2B marketplace will give qualified U.S. business buyers direct access to bulk…

Aug 09 2022 · 2 min read