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What should you do in a machinery auction portal? 

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It is true that industries have a huge issue with unused machinery and other resources. These unused resources not only eat space but also make depreciate faster than any asset. To get the machinery and other unused assets redeployed, industries look for the best portals to auction them.

Yes! There are other industries that look for used resources and assets that can be redeployed and utilised for various industrial purposes. For this, a buyer and seller need to be connected at a standard level. This is where the online auction portals for industry houses can work like a charm. All you have to do is to open an account and register in a machinery auction portalas an authentic industry asset seller.

What do you have to do?

Here is a list of steps you need to do to register as an authentic industry machine reseller in a leading auction portal.

Find a digital auction portal with commendable footfall

In this digital world, it is now easier to connect with potential buyers. All you need is a proper platform where the buyers flock in to find industrial machines you want to sell. Find a promising portal where you find the best buyers. Make sure the online portal has a good footfall to use for selling your machines.

Set an account and enlist what you want to sell

Check the criteria of the online portal and create an account as a machine reseller. Once all the detailed information is fed, your account will be ready to use. After preparing the account, enlist all the machines, tools, equipment and other infrastructure you want to resell.

Set an appropriate price for bidding

This is the most crucial part of the selling process. A price needs to be set for all the machines and equipment you have enlisted in an auction portal. Decide on the price you have in mind and enlist the items accordingly.

The trick is to keep the price according to the market value and the depreciation based on the usage, time span of service, and models of the machines you want to sell. Don’t set the price too low so that you turn it into a lost venture. Don’t set the price too high so that reusable machines don’t get any bidders at all. Remember it is the market that dictates the price and you have to play along satisfying both parties. Your asking price will give a starting bid to carry on.

Service records and clear details of the machines enlisted

The machinery auctions are only successful when you have given the relevant details of all the units you have added. This detail of a machine will comprise the service period, service records, clear description of the machine models, year of manufacturing, location of the units from where they will be collected, and other information.

Bidders only show interest in the reusable machines that come with transparent information. It helps them to make a better decision and proceed with a bid. Your aim is to educate the promising leads with proper information and to sell the machines you don’t want anymore.

Final words

Take good pictures of the machines from proper angles and enlist the description in the auction portals as necessary. Make sure you are transparent with your words to the buyers. This is how you can make a good impact on them and sell reusable machines faster.

Hence, set your account accordingly and start auctioning the assets you don’t need any more. Attract potential buyers and take a step ahead with the bidding process

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