The best way to dispose of any surplus used industrial equipment that your company no longer need is to auction it off and to ensure that you will be successful and make a good sale, there are some things you need to prepare.
Step 1. Visit some local auctions
Visiting an actual auction will help you get the feel of what happens during the process. This works both ways for the seller and buyer. Moreover, it will give you some idea plus the experience that will help you make good decisions at auctioning your used industrial equipment.
Step 2. Your equipment must be clean and in good condition
Regardless of what type of used industrial equipment you are going to auction, even if it’s an industrial drill, make sure that it is clean and in good shape. Plus, take time to include all the details about your equipment so that it will have higher chance to be sold. Buyers will be attracted to buy an item that has been maintained properly and in good working order.
Step 3. Get an appraiser
While the whims of the auction are what determines the final sale price of your item, it helps to hire an appraiser first to know the estimated value of your equipment. It will give you the idea on the best starting price and the minimum price that you can accept during the actual auction. The same applies to buyers who would want to know if they won’t be caught up in spending too much money on something that is not worth the price.