One of the biggest problem with more and more sales being done online is that we don’t get to put our hands on gadgets before we already own them. More importantly, you can’t really get a sense of what a product is like just by toying with it at Best Buy for a few minutes. Additionally, there are things that we don’t really need every day, but can probably use once per year without having to break the bank. That’s why we at TechDissected thought it was really cool when we heard about Lumoid.

Who Is Lumoid?

Lumoid kind of takes the Warby Parker approach to buying online products and applies it to electronics. Choose 5 wearables that you want to try out (or you can choose from a handful of pre-packaged boxes), they will send you the box of wearables, and you can keep them for up to two weeks. At the end of the two weeks, you send back the box with everything in it and then you have to make a choice; was there anything you wanted to keep? If you decide against purchasing any of the products that you tried, you owe Lumoid a $25 rental fee. If there is, then you buy it from Lumoid and have a merry day with your new [insert wearable technology here].

Lumoid Box

They offer the following devices for the home try-out:

  • Moto 360 2nd Gen/1st Gen
  • Jawbone UP2 Thin Strap/Flat Strap/UP4/UP3/UP Move
  • Garmin Fenix 3
  • Garmin Forerunner 620/225/220
  • Garmin Vivoactive
  • Sony Smartband Talk
  • Pebble Time/ Time Steel Smartwatches
  • Xiaomi Mi Band
  • Mira Fitness Tracker and Bracelet
  • Skulpt Aim
  • Ringly
  • Lumo Lift Posture Coach
  • Apple Watch or Watch Sport in 38 or 42mm
  • Withings Smart Body Analyzer Scale
  • Timex Ironman Move x20 Band
  • Withings Activité Pop
  • Microsoft Band
  • Sony Smartwatch 3
  • Samsung Gear Live
  • Samsung Gear 2/Gear 2 Neo
  • ASUS ZenWatch
  • Gym Watch
  • Mio Fuse
  • LG G Watch
  • Push Band
  • Moov
  • Fitbit Surge
  • Lifetrak Zone C410
  • Stiiv Touch
  • Fitbit Charge/Charge HR
  • Misfit Flash
  • Basis Peak
  • Withings Wireless Blood Pressure Monitor
  • Fitbit Aria Smart Scale
  • Striiv Fusion
  • Samsung Gear Fit
  • LifeTrak Move C300
  • Misfit Shine
  • Fitbit One
  • Fitbit Flex
  • Garmin Vivofit/Vivosmart
  • Withings Pulse O2

You’ll notice, there doesn’t seem to be any rhyme or reason to the list above. For the most part, that’s exactly how they’re listed on Lumoid’s website (I condensed the similar products to single bullet points to save space) and it makes no sense. They really need to work on that, in my opinion. They also have a rent to own program that they describe by saying:

We make it easy and affordable to try and buy photography gear and drones! We credit 30% of your rental sub­total (excluding shipping and taxes) toward your final purchase. You can use the credit immediately, or accumulate credits from future rentals until the end of the year, making it easy (and affordable) to make a final purchase if you love something.Lumoid

That seems to be a really good deal if you aren’t ready to commit at first, but then later decide that you want to buy the camera or drone. This equipment is expensive and any amount that’s getting knocked off of the bottom line isn’t a bad thing.

The rest of the business is set up to rent cameras, lenses, tripods, kits, drones, Apple Watch, and other wearables to users. Rental costs seem to be very competitive, averaging from $5 to $25 per day depending on the product. Smartphone cameras have gotten really good, but there are still circumstances like attending a wedding or some other event where a ‘proper’ digital camera still can’t be replaced; and maybe never will be. This way users don’t have to drop $2000 on a camera that they only use once a year, rather they rent it for the day and if they ever need one again it is always there. The use case for these types of products has gone way down and it makes a lot of sense for Lumoid to capitalize on that change.

Overall, though, Lumoid has a genuinely cool idea here and we just wanted to share it with our readers because we like to support cool things like this. If you’d like to know more or just want to share your opinion, share your thoughts in the comment section below.

Go Try Out Wearables: Lumoid Wearables

About the author

Nick Schiwy

Nick is an tech enthusiast, programmer and general geek. He works full time in the IT field but still has plenty of time to keep up with all of the tech gossip that is going around!