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Ed Meek
CEO/Investment Advisor

Edge Portfolio Management

City:Winfield

State: IL



BIOGRAPHY:
At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, playing and following basketball, playing golf, and participating as an advisory board member for Breakthrough Urban Ministries.

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Re-Commerce: The Trade-In Market for All of Your Stuff

Clothing swaps are the latest way for people to exchange their clothes they have outgrown for someone else's clothes that they have outgrown.

| BY Kent McDill

Environmentalists will tell you the three Rs are Reduce, Reuse and Recycle.

There is now a fourth ‘R’ and it is one that can actually pay off for the consumer. It’s called “re-commerce.”

The business of turning old products into new products is a significant trend in American commerce today, especially for products that have a short shelf life due to continued development and innovation. Many retailers, including Best Buy, are inviting consumers to turn in their old products for new ones with a rebate or discount given for the new product as a result.

The marketing consulting firm TrendWatching.com reports that trading in is the newest model for commerce in America, and offers several examples of goods that can be traded in for an upgrade.

Electronics - There are many electronic trade-in sites on the internet, and it is best to see if you know anyone who has used one before. The best ones offer specific dollar amounts for electronics, and will give cash or offer new products at a reduced price for the trade. Look for the ones that offer free shipping, because otherwise your discount will be wiped out. But the bottom line is do not throw out any electronic device. Also, try to sell the old one before the newest model is announced, because the price you will get for your item will drop the minute any news on an updated model is released.

CDs, DVDs and Video Games – There are websites that will take them off your hands and give you cash or a discount on a new electronic device like an iPad or iPod. Most sites offer a price calculator that will give a very good idea of what you will get in return for your old game, movie or music.

Clothing – There are resale shops, and many new ones have appeared as a result of the recent economic difficulties. But there are also live swaps that take place, where customers can bring in their used clothing and make trades for others’ clothing. These swaps also offer cash on the spot. There are many swap sites on the internet to choose from.

Children’s Clothing – Same as above, with the additional angle that one can easily find a swap partner whose needs fit what you are offering and who has what you need, depending on how many years go by between kids. If you have children aged 4 and 7, and can find a swap partner who has kids 3 and 5, the swaps go easily. Again, there are many sites that provide dates and times for live swap events.

Jewelry – At ExBoyfriendJewelry.com, old jewelry can easily be swapped for new or different jewelry. It’s an online marketplace that allows customers to create an entirely new jewelry box for the cost of a one-time signup fee. There are also sites that will buy diamond rings and the funds from those items can be used at a discount for a diamond ring upgrade.

 



About the Author


Kent McDill

kmcdill@spectrem.com

Kent McDill is a staff writer for Millionaire Corner. McDill spent 30 years as a sports writer, working for United Press International and the Daily Herald of Arlington Heights, Ill. From 1988-1999, he covered the Chicago Bulls for the Daily Herald, traveling with them every day through the nine-month season. He also covered the Bulls for UPI from 1985-88, and currently covers the team for www.nba.com. He has written two books on the Bulls, including the new title “100 Things Bulls Fans Should Know And Do Before They Die’, published by Triumph Books. In August 2013, his new book “100 Things Bears Fans Should Know And Do Before They Die” gets published.

In 2008, he resigned from the Herald and became a freelance writer. The Herald hired him to write business features and speeches for the Daily Herald Business Conferences and Awards presentations.

McDill also writes a monthly parenting column for the Herald’s Suburban Parent magazine.

McDill is the father of four children, and an active fan of soccer, Jimmy  Buffett and all things Disney.