Auctions have been around for centuries, and for a good reason - they are an effective way to sell items. However, there are now new methods of selling that are becoming more popular, especially online.
Let's take a look at why auctions are becoming outdated and some of the newer methods that are gaining traction.
How do auctions not get you its true value?
Auctions are time-consuming and can be stressful.
A lot of preparation goes into an auction. Like you have to research prices, write descriptions, take photos or videos (if selling online), set up the space for bidding, etc.
Once people start arriving at the auction location, it can get overwhelming as you try to keep track of all the bids.
Auctions sometimes have an added middleman that are that can lower the profit you get for selling your equipment. There can also be missed elements when your item goes on sale that the auction house may not send to the middleman that is selling your item.
Another reason why auctions are becoming outdated is that many customers are now moving to online shopping. It allows them to check product insights and quality service, which is impossible with a traditional auctions system.
In addition, products are subject to being damaged or broken during the auction, taking away from their value. Damage can also occur during transport to and from the auction location.
Auction houses are beginning to feel the pressure of these newer selling methods, and some are closing their doors. However, there will always be a place for auctions - they just won't be as popular as they once were.
Are online selling methods more effective?
With the advent of online selling, it's possible to list your item for sale on sites like eBay or Lenmark and sell it in just a few minutes without any preparation or stress. You can also make money off items you have lying around the warehouse or job site by selling them through online marketplaces.
With an online marketplace like Lenmark, you can easily sell or buy used equipment by staying in the comfort of your office or home.
In addition, online selling methods offer more transparency to buyers as they can read the product reviews before making a purchase. Also, buyers can check the complete details like product specs and features, price, images, and more.
With auctions, there is a higher potential for bad quality equipment which decreases the value you get as a buyer. Lenmark helps reduce quality concerns by providing photos from all angles of the item, and we also request sellers to send videos of the items operating if they are not at our location. Working with Lenmark can also help add value to your items, as they can be worth more than what you think.
How does Lenmark offer customers true value on equipment?
Lenmark is an asset management company specializing in the remarketing of used business equipment. It also conducts its sales via the online marketplace and through various auction channels. Lenmark has been in business for years and remarkets equipment for clients across the US & Canada.
Lenmark buys used equipment from companies in need of liquidating their assets. Also, it works with clients to sell the equipment at a fair market value and pays them cash on the spot. Lenmark also has an in-house shipping and logistics department that can handle any transportation needs for selling.
So, if you want to sell or buy equipment online, Lenmark is your go-to place. Just click on the search button, browse your required products, and get the one that suits your budget and need.
At the same time, if you want to sell your used equipment, you can sell it directly and get your cash in just 2 days. Moreover, you can list your products to sell on Lenmark and get the best price for them.
Ready To Sell?
Lenmark can help you move your equipment and get it's true value. Want to learn more? Check out our Sell Your Equipment Page for more information.