Founders Erik Helgesen, President, and Stephen R. Preuss Sr., CEO of PayMore Electronics, a tech-driven company revolutionizing the way people buy, sell, trade, and recycle electronics joins Enterprise Radio.
This episode of Enterprise Radio is on association with the Franchising Channel.
Listen to host Eric Dye & guests Erik Helgesen and Stephen R. Preuss Sr. discuss the following:
- PayMore is such a unique business model, can you tell us more about how it works and how you came up with it?
- Now I understand you’ve built PayMore’s tech infrastructure from the ground up using proprietary technology. What challenges did you face when developing this technology, and how did you overcome them?
- PayMore is known for its commitment to sustainability. How does this focus on sustainability drive your business decisions, and what advice do you have for other businesses looking to integrate sustainability into their operations?
- As the first business of its kind, what do you see as the key to PayMore’s success in pioneering this model?
- Scaling to 500 units through franchising is no small feat. What were the key factors that contributed to your successful franchise model, and what advice would you give to other businesses looking to franchise?
- With technology playing such a vital role in PayMore’s success, how do you ensure that your tech stays ahead of the curve as the industry evolves?
Erik Helgesen, the President of PayMore Group, is a technology expert and experienced entrepreneur with a remarkable career of over 16 years in the buying and selling industry. Born and raised in Long Island, New York, Erik’s knowledge and hard work have been vital in making PayMore a successful and important player in the electronics market.
Erik’s journey started when he taught himself programming as a teenager and developed a strong interest in technology. He later became a teacher at Hofstra University, where he taught Ecommerce strategy, development, ethical practices, legality, order fulfillment, growth, and more. His deep understanding of technology and commitment to ethical business principles laid the groundwork for his fruitful partnership with Stephen R. Preuss, which began in 2004.
As the President of PayMore Group, Erik’s main focus has been on technology and operations. He played a crucial role in creating the proprietary POS system, which serves as the central nervous system of PayMore Stores’ operations. Erik’s dedication is evident in the countless hours he has spent refining processes and generating innovative ideas to establish something unique and unmatched in the industry.
Stephen R. Preuss Sr, a seasoned entrepreneur with over 20 years of experience, serves as the Chief Executive Officer of PayMore Group, a thriving business revolutionizing the second-hand electronics industry. A native of Long Island, New York, Stephen’s career has been marked by a heavy focus on commercial real estate and a successful partnership with Erik Helgesen since 2004 in the buy and sell industry.
In his role as CEO, Stephen has played a pivotal role in steering PayMore towards rapid growth and nationwide recognition. His extensive background in high-level business structuring & execution paired with his vast real estate experience has contributed to the strategic development of the company. Stephen, along with Erik Helgesen, embarked on their entrepreneurial journey in 2005, opening their first second-hand business. Over the years, they identified the high demand for optionality in electronics, leading to the transformation and re-launch of the business as PayMore in 2011.
Website: https://paymore.com
Social Media Links:
Linkedin: https://www.linkedin.com/company/paymore
Facebook: https://www.facebook.com/paymorestores
Instagram: https://www.instagram.com/paymorestores
People also read this: The Future of Vacation Rentals and the Tokenization of Real Estate
Podcast: Play in new window | Download (Duration: 17:35 — 16.1MB) | Embed
Subscribe: Apple Podcasts | Spotify | iHeartRadio | TuneIn | | More