Eiffel 101: 6 Options for Selling Precast INDOT Barriers
INDOT barrier walls are used to direct traffic, reduce speeds within construction zones, and shield motorists, pedestrians, and workers from potential dangers. INDOT barrier walls include all types of precast concrete construction barriers that have been approved by the Indiana Department of Transportation (INDOT) for highway, bridge, and roadway projects.
Because precast INDOT barriers are durable and come in standardized sizing, they retain their value after use and can be resold for profit. There are six main options for selling used INDOT barriers: on a global trading platform, at auction, through an online materials seller, on a local listing site, through a broker, or on Eiffel Trading’s Online Marketplace. Here, we outline the pros and cons of each selling option in order to help you determine the best strategy for selling your precast INDOT barriers.
Option 1: Sell your INDOT barriers on a global goods trading platform.
Online global goods marketplaces are a way for sellers to reach large audiences and sell their materials around the world. Unfortunately, since INDOT barriers are designed for use in the state of Indiana, sellers will not be able to make use of the global offerings of these platforms. Furthermore, global goods marketplaces often charge sellers a fee to list their products for sale. This fee can range up to hundreds of dollars per listing, depending on the platform and the product being sold. Additionally, most global goods marketplaces take days and sometimes even weeks to push new listings live. This delay often applies to sellers who don't pay extra for a membership through the platform, and it can be frustrating if you need to sell your products quickly.
Option 2: Sell your INDOT barriers to an online materials seller.
Unlike global goods marketplaces that offer a broad range of products from sellers around the world, online materials sellers focus on selling construction materials to contractors and other buyers in the local area. This is relevant to sellers looking to list used INDOT barriers, since the barriers are designed for use within the state of Indiana.
When you work with an online materials seller to sell your precast INDOT barriers, they’ll start by offering you a quote. The quote will include how much they’re willing to pay for your barriers based on a range of factors, including the condition of the barriers, their age, and the current market demand for INDOT barriers in your region. Unfortunately, though online materials sellers cater to local sales, they typically offer quotes lower than market value for INDOT barriers since they need to turn around and resell the barriers for a profit themselves.
Option 3: List your precast INDOT barriers on a local listing website like Craigslist, Facebook Marketplace, Offer Up or eBay.
One local option for selling your INDOT barriers is to use a listing website such as Craigslist, eBay, Facebook Marketplace, and Offer Up. These sites allow you to connect with buyers in your area and can reduce the complexity of transferring ownership of the barriers. However, when you use a local listing website to sell your precast INDOT barriers, you'll be responsible for handling the sale from start to finish. This includes creating the listing, communicating with potential buyers, negotiating the sale price, and facilitating the actual transfer of the materials. This can be time consuming and can add stress, especially if you're dealing with difficult or unreliable buyers.
Another potential issue with local listing websites is that there are no mechanisms in place to handle disputes if the sale falls through or if there is an unexpected disagreement between you and the buyer. This means that if something goes wrong, you may be left without any recourse to resolve the situation. Though local listing websites come with speed and certain conveniences, they pose the overall highest risk of all selling options.
Option 4: Sell your precast INDOT barriers at auction.
If you choose to sell your precast INDOT barriers at auction, the auction house will handle the logistics of the sale and will act as an intermediary between you and potential buyers. Using an auction house is an easy way to hand off your INDOT barriers with minimal work.
The downside of selling your INDOT barriers at auction is that you don’t get to name your price or keep your selling rights, you’ll have to pay a selling fee, and you won’t have the benefit of selling your barriers to the most interested buyer who needs it for their project. Rather, your barriers will likely be sold to an auction attendee looking to get a good deal, who may later flip the barriers for a profit themselves. This means you’ll make a smaller profit for your precast INDOT barriers than you could have if you’d chosen a different selling avenue.
Option 5: Work with a broker to sell your precast INDOT barriers.
For a fee, brokers can provide a network of buyers who are interested in purchasing your used INDOT barriers, which they’ve spent months or sometimes years curating. Brokers also act as an intermediary and will handle the sale, taking much of the responsibility off your shoulders. The downside is that many brokers have smaller selling networks when compared to online platforms, which may reduce your chances of finding a buyer willing to pay your desired price.
Option 6: List your precast INDOT barriers on Eiffel Trading’s online marketplace.
When you list your precast INDOT barriers on Eiffel Trading’s online marketplace for contractors, you’ll maximize your profits, reduce your risk, and enjoy the ease of our free, streamlined platform. Eiffel Trading’s marketplace allows you to list and sell your INDOT barriers at no cost, name your price, sell for a profit, and retain your selling rights. We put your listing in front of local buyers who are interested in your exact item, and we further increase your reach by putting your barriers in front of industry buyers who are shopping for similar materials and encounter yours in the process.
Unlike many other selling avenues, when you sell INDOT barriers on Eiffel Trading, you’ll never pay a listing or commission fee. Listing your INDOT barriers on our online platform requires minimal effort, and your materials will not leave your possession until the sale is complete.
Listing your barriers is easy, and if you have questions or need assistance, we have a team standing by to help you 24/7/365.
Buy and sell with Eiffel Trading
Did you know that Eiffel Trading’s barrier wall inventory ranges from DOT specific barrier wall, to jersey barrier wall, to k-rail barrier wall, to low profile barrier wall, and every type in between?
Ready to sell your used heavy equipment or construction material? List your products today for free on Eiffel Trading’s online marketplace.
If you have any questions or would like additional information, please call us at 1-800-541-7998 or email email@example.com.