Eiffel 101: Reasons to Avoid Selling Your Wide Flange Beams at Auction
Wide flange beams are made of steel, which mean they have excellent longevity, retain their value over time, and can be uninstalled and resold after they’re no longer needed on a project. However, selling your wide flange beams at auction often means you’ll make less money and miss out on many of the benefits of selling directly to the consumer. Here, we cover some of the main reasons why you should avoid selling your wide flange beams at auction, and where to list your materials instead.
Why You Shouldn’t Sell Wide Flange Beams at Auction
1. You don’t get to set the price.
Wide flange beams sold at an unreserved auction will go to the highest bidder, regardless of how low their bid is. This means if a low bidder wins the auction for your wide flange beams, there’s nothing you can do to reverse the outcome. You will still be forced to go forward with the sale, despite knowing you could have made more money elsewhere.
2. You don’t get to keep your selling rights.
Wide flange beams sold at auction can’t be marketed elsewhere. In unreserved auctions, this lowers your odds of finding a buyer who’s willing to pay a fair price for your beams. In reserved auctions, your wide flange beams could be up for auction for much longer than you’d intended. In both situations, you may find yourself stuck in an unwanted situation when you could have instead kept your selling rights by listing your wide flange beams directly to the consumer.
3. You’ll pay a listing fee.
Auction houses charge a fee to list goods for sale, which cuts into your profits. Many sellers pay this listing fee either because it’s what they’ve always done or because they don’t realize there’s a better way. When you list your pile on Eiffel Trading’s online marketplace, there’s never a listing fee.
4. Your wide flange beams won’t go to the most interested buyer.
At auction, wide flange beams often go to auction attendees who are looking to get a good deal in order to later resell the materials for a profit themselves. These types of buyers are not willing to pay full price for materials, so if you sell to them, you’ll earn less money.
At Eiffel Trading, we optimize our search features to target buyers looking for wide flange beams with your exact specifications. This enables you to earn more for your beams, since interested buyers who match with your material are contractors who need the materials for a project, rather than buyers just looking for a good deal.
All of our listings are constantly being updated, but if you don’t see what you’re looking for, create a wanted listing for free.
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 sales@eiffeltrading.com.
Where to Sell Wide Flange Beams Instead of At Auction
Rather than putting your wide flange beams up for auction, consider listing them on Eiffel Trading’s online marketplace, which connects buyers and sellers across all 50 states, plus Canada. Wide flange beams listed for sale on our site are sorted by region and can be bought and shipped outside of a seller’s state, which opens your materials to a wider market. Because of the volume and quality of products sold on our platform, you can earn more money for your goods, and you’ll have the opportunity to target contractors who are looking for beams with your exact specifications. Our enhanced search tools and niche market ensures every listing gets the attention it deserves, which drives up the value of your material. Creating a listing on our marketplace is free, easy and requires no obligation.
Buy and Sell with Eiffel Trading
In addition to used wide flange beams, our online marketplaces boasts other structural steel materials including used sheet pile, used h-pile beams, used steel plates, and more.
All of our listings are constantly being updated, but if you don’t see what you’re looking for, create a wanted listing for free.
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 sales@eiffeltrading.com.