HOW DO YOU SELL EQUIPMENT AT AN ONLINE AUCTION?

Vehicles, cinema seats, gardening tools, computer equipment, jackhammers, playgrounds, kitchen utensils, and even churches or warehouses, everything is sold and bought at online auctions. The platforms are – online auction site bidvaluable – have made it their specialty. And communities, hesitant at first, are more and more numerous to resort to it. In the context of budgetary scarcity, the auction has the advantage of providing, quickly and immediately, additional income to finance unforeseen purchases not included in the main budget. By parting with a good that has become useless, the community clears its premises and also saves itself the costs of storage, waste disposal, dismantling, removal, or even decontamination of its equipment. The ecological gain should not be neglected either: the good is not thrown away but recycled.

1. Understand the procedure

The sale procedure is simple, the platforms offering autonomous and easy-to-access management tools. Municipalities can therefore sell goods that they would otherwise have put in the trash or that an auctioneer would not have accepted. They also save themselves from bringing them to the auction room because it is the buyer’s responsibility to come and take delivery. In addition, the advantage of using a platform is to have its client portfolio (the women fashion clothing online shopping bidvaluablesite claims 400,000 to 500,000 visitors per month), a general portfolio, but above all a professional portfolio for specialized equipment.

Selling at online auction also seems a “good deal”: the final sale price is usually higher than in a private sale or through an auctioneer (around 10% higher for sales real estate on the same platform). Finally, the online auction has the great advantage of transparency: putting online protects against the risk of selling a property below market value to a private person, which is prohibited by case law. The municipality thus protects itself from any suspicion of favoritism or patronage. In any case, a municipality that is reluctant to get started can ideally start by testing the placing of goods from a service online before generalizing the practice to others.

The auction platforms

Both offer the same type of offers but in different geographical areas. Each has an online tool for autonomous auction management: types of goods sold, buyer profiles, real-time auction monitoring, etc. Their customer service supports communities at all stages of the sale: carrying out an inventory, drafting of offers, bids, payment, etc.

Bidvaluablestore: sells on behalf of communities and businesses. The platform is remunerated by taking 10 to 12% of the sale price on the equipment (5.5 to 8.5% on real estate). The sale is made on deposit to guarantee the seriousness of the buyers and it is possible to reserve sales for professionals (www.agorastore.fr).

https://hde3.blogs.rice.edu/2021/10/15/what-is-price-action-trading/

By Amber