If you operate a business or trade that involves the use of tools and equipment, there will always come a time when you no longer need or have use for one or more of your equipment. While this may be a nonissue, it can become problematic when the equipment sits on a much-needed space that you could put to some other important use. Worse still, the equipment depreciates in value whether or not it is in use. As such, letting it sit around does not only make it consume valuable space, it also means that you’re gradually losing value on the item. This explains why selling a used equipment is the prudent thing to do once you stop using or needing it.
But how do you sell your used equipment fast before much of its value is gone? I’m glad you asked. Here’s some help.
Direct sale through cold calls
Depending on the type or form of equipment you are selling, there could be any number of people or companies that are willing to buy it. One way to find these prospective buyers is through cold calls. Scan your market or neighborhood for anyone who may be interested in the item and place a few calls to inquire about it. You may be lucky to find a few people who are willing to give you some good money for the item.
Liquidation, or selling through auction firms
Auctioning is one of the most popular ways of selling used equipment. It is also top on the list of options that will fetch you the most cash out of your used equipment. Instead of trying to sell the item yourself, it helps to turn your used equipment over to an auction company such as Equify Auctions for liquidation.
The company often primes its buyers and puts the asset up for auction. Auction-goers will bid against one another, and this process ensures that you fetch the best possible value out of the sale. The beautiful thing about this alterative is that you don’t have to stress yourself out as the liquidation company does all the heavy lifting, saving you time and effort.
Selling via classifieds
There are a number of classifieds sites such as Craigslist and eBay Classifieds that allow you to take a photo or photos of your equipment and post online with a brief description alongside it for potential buyers to consider. The classifieds option is an easy and largely stress-free alternative that often connects you with limitless number of buyers for free.
Be sure to fill in every one of the equipment’s pertinent specs. Additionally, remember to personalize the ad, likely by ending the listing with a brief statement about how you used the equipment. You might as well appear on the photo(s) of the item that you’re posting on the listing site. Keep an eye out for scammers though; just don’t ship out your property before you have confirmation of payment.
There is no one-size-fits-all option when it comes to selling your old equipment. However, there is no equipment that you won’t be able to sell though at least one of these three alternatives, so just go with what works best for you.