Should You Sell Your Used LADOTD Barrier Wall at Auction?
If you choose to sell your LADOTD barrier wall at auction, you’ll miss out on many of the benefits that come from selling directly to the consumer. This is because when you sell your LADOTD barrier wall at auction, you don’t get to name your price or keep your selling rights, you have to pay a selling fee, and you won’t be able to take advantage of the ongoing demand from interested online buyers. Though first-time sellers may be unsure about a direct buyer-to-seller approach, Eiffel Trading’s online marketplace makes selling your LADOTD barrier wall easy, low risk and hassle free.
Here, we cover some of the main reasons why you shouldn’t sell your used LADOTD barrier wall at auction, and why you should consider listing your barriers on Eiffel Trading’s online marketplace instead.
1. Auctions don’t allow you to set your price for LADOTD barriers.
Selling your used LADOTD barrier wall through an auction often means you’ll earn less than the standard market value for your barriers. This is because in unreserved auctions, equipment is awarded to the highest bidder, even if their offer is unreasonably low. Selling at auction can therefore be risky, especially if you're selling expensive material such as LADOTD barriers, since large materials typically sells for lower prices than other types of equipment at auctions. Moreover, if a low bidder wins the auction, there's no option to undo the sale, and you'll have no choice but to proceed with the transaction.
2. Auctions don’t allow you to your LADOTD barrier selling rights.
If you decide to sell your used LADOTD barrier wall through an auction, you’ll miss out on the chance to promote it to a larger audience. In unreserved auctions, this reduces the chance of finding a buyer who is willing to pay your desired price, as the overall number of potential buyers will be smaller. In reserved auctions, it could take much longer than anticipated for your LADOTD barrier wall to attract a buyer who is willing to pay your minimum price due to the limited number of buyers participating. In either scenario, you could have kept your selling rights by offering your LADOTD barrier wall for sale directly to the consumer on a broader marketplace.
3. Auctions charge a listing fee for LADOTD barriers.
To mitigate some of the challenges that come with small auctions, some sellers choose to participate in more extensive and well-known online auctions. Nonetheless, popular online auctions usually impose fees for listing LADOTD barrier walls, which cuts into your profit. Many sellers pay this listing fee because they don’t realize there are alternative methods. By listing your LADOTD barrier wall system with Eiffel Trading, you can avoid paying listing fees altogether.
4. Auctions don’t promote LADOTD barriers to the most interested buyers.
Selling your LADOTD barrier wall at auction will earn you less than if you’d sold on an online marketplace, since it’s unlikely the barrier will go to the buyer who needs it for their project (and is therefore willing to pay your desired price). Rather, your LADOTD barrier wall will be sold to an auction attendee who is hunting for a good deal on material in general, and who will later flip your LADOTD barrier wall for a profit themselves. These types of attendees are only looking for steals and will move on if your material isn’t priced low enough.
At Eiffel Trading, we tailor our website to attract buyers specifically searching for LADOTD barrier walls. This means you can earn a greater profit from your LADOTD barrier wall system, as potential buyers who match with your equipment have a genuine need for what you're selling and is willing to pay a fair price. Eiffel Trading allows you to set your price and retain your selling rights. You will never pay listing fees or commission fees. Listing your barriers is easy, and if you have questions or need assistance, we have a team standing by to help you.
Buy and Sell with Eiffel Trading
Eiffel Trading’s online marketplace is a one-stop-shop for your used material needs! In addition to used barrier wall, our inventory also includes used sheet pile, used pipe pile, used hdpe pipe, used crane access trestle, and more.
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.