Wednesday, November 20, 2024

Show Notes

This week Stan sits down with Stephen Preuss, co-founder and CEO of Paymore Electronics, to explore the journey of transforming a humble secondhand store into a thriving franchise concept.  Discover how Stephen and his partner Eric Helgesen redefined the secondhand electronics market by blending brick-and-mortar with e-commerce, harnessing the power of proprietary technology, and the need to overcome challenging industry stigmas.

In this episode, Stephen shares insights into the meticulous process of franchising, the strategic decisions that led to their rapid expansion, and the unique value proposition of Paymore stores. Learn about their innovative approach to customer experience, which boasts a repeat customer rate nearly 10X StephenR.Preussthe industry standard, and their commitment to eco-friendly practices through free electronics recycling.

Tune in to understand the challenges and triumphs faced by Paymore as they scale nationwide and internationally, and get a glimpse into their vision for the future of the secondhand electronics industry.