Spring Cleaning the Internet Way - Recycling CDs, DVDs and Games!

Spring Cleaning the Internet Way - Recycling CDs, DVDs and Games!

SAN FRANCISCO, April 21 /PRNewswire/ -- If you're like most Americans, your house is cluttered with CDs, DVDs and Video Games that you no longer need or want. You've downloaded your CDs to your iPod, watched your DVDs enough times, or played your Video Games through all their levels. "A new wave of internet companies is helping consumers recycle their CDs, DVDs, and Games for new ones more cheaply and easily than ever before," said Love Goel, internet retail veteran and Chairman & CEO of Growth Ventures Group.

"Historically, people have gone to stores like Gamestop, Blockbuster and Cheapo to trade their CDs, DVDs and Games," Goel added. "While it's great for the stores, it's a lousy deal for customers. Retailers make a higher profit from buying and selling used titles versus new ones. A customer typically has to sell as many as 4 or 5 CDs, DVDs or Games to buy one of equivalent value."

In the 1990s, sites like eBay and Amazon made it cheaper and easier to buy and sell used stuff. Goel clarified, "90% of used media worth $50 billion is still not traded because customers dislike paying listing fees, commissions and shipping charges for more than the item is worth."

In the past year, a slew of new internet sites has made it easier and cheaper to recycle old media. Three of the best known are LaLa.com for CD swapping, Peerflix.com for DVD swapping and BarterBee.com for trading across all three categories -- CDs, DVDs, and Games.

"According to our analysis, BarterBee.com offers three advantages over the other sites. First, it's the cheapest -- any CD, DVD or Game is only a $1. Second, customers can trade across all three media types. Third, everything on BarterBee.com is immediately available -- customers get what they buy right away without having to wait for weeks or months like they do on Lala.com and Peerflix.com," said Goel.

It is reported that the average U.S. household has more than 70 music CDs, 40 movie DVDs and 17 video Games. Goel concluded, "The clutter keeps getting worse as American households, on average, spend $300 annually to acquire more CDs, DVDs and Games, and despite the buzz surrounding it, digital downloads will continue to be a negligible fraction of the market for the foreseeable future. These internet companies offer consumers a fun solution for spring cleaning."

Source: Growth Ventures Group

CONTACT: Clay Doherty of Hollenbeck Associates, +1-415-227-1150, ext 13,
or clay@hollenbeckassociates.com, for Growth Ventures Group

Web site: http://www.barterbee.com/
http://www.peerflix.com/
http://www.lala.com/

-------
Profile: intent