Smash Notes

How Did Terence Tam Start Reflow Hub After Ross & Zane?

at 26:37

From the episode: Growing a B2B Marketplace to $40M/Year, with Terence Tam of Reflow Hub

Answer

After Ross & Zane, Terence Tam's company Meredo liquidated nearly new consumer electronics for large distributors and retailers: slow or redundant models, and opened returns after Black Friday and Christmas. Buyers showed up in price-sensitive markets such as Malaysia, Indonesia, and the Philippines. Spreadsheets could not keep up, so he spun the work into Reflow Hub, a managed marketplace. The name adds "re" for reuse and recycle. Reflow Hub connects vendors and buyers and handles shipping, payment, and know-your-customer checks, staying useful enough that neither side cuts out the middleman.

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