Have you made a tour around your warehouse and realize that you’ve got more inventory than what your business actually need? They can be some idle equipment that has been hidden for years or several units that were supplied excessively by a supplier. Whatever they are you need to think about how to benefit from any surplus equipment that eating some functional space and collecting dust in your warehouse. It‘s high time to take them under control.
Start first by creating a good plan of what you want to do with all those surplus inventory to keep you on track and organized. Same as how you keep an updated inventory of the products you might be selling; you should do the same with any surplus equipment you have sitting unused for long. Take some time to consider which ones can go to scrap and which of them are valuable. It might be a bit biased but the easiest way to take advantage of getting rid of those stuff is through an auction. This is due to plenty of good reasons that selling through equipment or machinery auctions can bring.
- Greater chance to make more cash since there will be more potential buyers who can view the auction.
- Your surplus equipment will not be limited to local buyers only but also be marketed to a global audience.
- You will save good amount of time, effort, and some money because once the auction ends, you will have a sure buyer instantly in a day while leaving everything to the expert auctioneers.
- What more is you get the best value possible for your item by having the opportunity to set your own minimum reserve sale price on your equipment.
- After the surplus sale has been done, the auctioneer pays you promptly and directly without any hassle.