Live Auctions Build Anticipation and Create the Best Format for Buying Used Equipment

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Heavy equipment is not easy to come by. Businesses hardly have a wealth of opportunities to build their equipment base and find affordable options for heavy used equipment. Equify is a major provider for businesses looking to unload heavy equipment or growing businesses who need to acquire new equipment. Auctions in different formats and an open marketplace make buying and selling rather simple. Further, the system protects purchases on both ends. Selling heavy equipment online is far easier than expected while also avoiding major channels, such as Craigslist and eBay.

Timed Auctions

Timed auctions work most similar to eBay. The seller sets the time frame. They often have two weeks in the life of each sale. It usually carries from the 1st of the month to the 15th, with the next from the 16th to the end of the month. There may be a reserve price set which has to be met.

The Marketplace and Live Selling

Timed auctions are not the only way to sell or buy equipment online. Potential sellers can find details on the website. It covers a multitude of aspects of online selling, including the use of the marketplace and setting live auctions to build immediate interest. All have their respective pros and cons. Live auctions have the benefit of creating an ‘event” around the sale. It creates buzz and anticipation. It is a wonderful way to go for buyers and sellers who know what they want and how much they are willing to spend on it.

Live auctions also require timing. For example, many potential buyers just won’t be around. With some patience, buyers can grab some amazing deals. On the buying end, live auctions have their appeal. Buyers need to be patient in the process to find the best deals.

The marketplace is a more traditional place to sell. This online-only resource lists all the available items in the inventory and how much they are. There is no “maybe” and no bidding against others, which are big parts of the appeal involved with the auction systems. Regardless, the marketplace delivers a vast inventory for exploration.