TernEco

Tern is an all-in-one circular retail platform designed for forward-thinking brands, enabling them to reclaim preowned products for reuse or resale. This platform creates new revenue streams while enhancing customer loyalty and lifetime value. Tern provides circular services such as trade-in, buyback, takeback, resale, and reuse. It is a plug-and-play software that allows brands to seamlessly set up and manage their own circular programs with full control over eligibility rules and buyback values.

The platform simplifies tasks like issuing credit and relisting resale items, while also capturing data at every stage to create unique digital profiles for products and orders. Tern’s admin interface centralizes setup, management, and optimization in an easy-to-use system, supporting inventory management and performance analysis through data-rich reporting. With Tern, businesses can attract new customers, boost loyalty, and create new revenue streams by making money from products already made.

Tern distinguishes itself from other eCommerce tools by offering a comprehensive plug-and-play circular retail platform that empowers brands to reclaim and manage preowned products for resale, reuse, or recycling.

Unlike many eCommerce solutions, Tern provides full brand ownership and complete flexibility over circular programs, allowing businesses to establish their own rules and values for trade-in or buyback processes. The platform integrates seamlessly with existing eCommerce stores and tech stacks, eliminating the need for internal development.

Tern facilitates data-rich reporting, inventory management, and performance analysis, promoting new revenue streams while boosting customer loyalty and lifetime value through an easy-to-use interface.

Tern helps improve key eCommerce metrics such as customer lifetime value by fostering loyalty through trade-in programs, new revenue streams through resale, and customer acquisition by attracting eco-conscious consumers. Additionally, it enhances inventory turnover rates and operational efficiency with data-driven insights and streamlined product lifecycle management.

Who in a Team Would Use Tern: Marketing teams use Tern to enhance customer engagement and retention, while eCommerce managers leverage it for streamlined inventory management and increased sales through resale. Sustainability officers also utilize the platform to implement eco-friendly practices and track environmental impact, aligning with corporate social responsibility goals.

Project Size for Setup: Setting up Tern is a relatively small project, thanks to its plug-and-play design. It integrates easily with existing eCommerce systems without extensive internal development. The process involves configuring eligibility rules, buyback values, and circular programs, making it manageable within a short timeframe for most teams.

Tern is ideal for retail businesses aiming to enhance sustainability through circular economy practices. It suits fashion brands, electronics retailers, and consumer goods companies that want to reclaim and resell preowned items, attracting eco-conscious customers and boosting revenue. Businesses with a strong focus on customer loyalty and new revenue streams benefit significantly from Tern's comprehensive platform offering trade-in, resale, and reuse solutions.

Conversely, Tern may not be suitable for businesses with non-consumable products or those without a direct-to-consumer model, as these sectors might not benefit from trade-in or resale strategies. Additionally, firms lacking an emphasis on sustainability may not fully leverage Tern's capabilities.