Why Shouldn’t I Sell Used INDOT Barrier Wall at Auction?
Though auctions may seem like a popular and straightforward choice for sellers, many experienced contractors know that the downsides of selling barrier walls at auction outweigh the benefits. This is because auctions come with limitations and fees that often lead to lower profits. Auctions don't allow you to set the price for used INDOT barriers, which can lead to lower profits than if you sold the barriers directly to the consumer; auctions don't allow you to retain your selling rights and may limit your audience, making it harder to find a buyer willing to pay your desired price; auctions often charge a listing fee, which cuts into your profits; and auctions are not built to attract the most interested buyers for your INDOT barriers.
Here, we cover some of the main reasons why you shouldn’t sell your used INDOT barrier wall at auction, and where you should list your barriers instead.
1. Auctions don’t allow you to name your price for used INDOT barriers.
In unreserved auctions, items are awarded to the highest bidder, even if the bidder’s offer is unreasonably low. Selling at auction can therefore be risky, especially if you're selling expensive material such as INDOT barriers. 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. This is an example of one of the many ways auctions revoke rights for sellers, and how many sellers leave auctions in a worse position than when they started.
2. Auctions only sell barriers to auction attendees.
If you choose to sell your used INDOT barrier wall at auction, you’ll miss out on the chance to promote the barriers to a larger audience. In unreserved auctions, this reduces the chance of finding a buyer who is willing to pay your desired price since the overall number of potential buyers will be smaller. In reserved auctions, it could take much longer than anticipated for your INDOT 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 increased your chances of making a successful sale by listing your INDOT barrier wall for sale directly to consumers on a broader marketplace.
3. Auctions charge a fee to list INDOT barriers.
To overcome some of the challenges presented by small auctions, some sellers choose to participate in well-known online auctions. Nonetheless, popular online auctions usually impose fees for listing INDOT barrier walls, which cuts into your profit. Many sellers pay this listing fee because they don’t realize they have other choices, such as listing the barriers on an online marketplace. If you choose to list your INDOT barrier wall through our online marketplace at Eiffel Trading, you can avoid paying listing fees altogether.
4. Auctions don’t promote INDOT barriers to the most interested buyers.
If you sell your INDOT barrier wall at auction, 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 INDOT barrier wall will be sold to an auction attendee who is hunting for a good deal on material, and who plans to later flip their purchases for a profit themselves. This means you’ll earn less for your barrier wall than if you’d chosen a different avenue.
5. Where should you sell your INDOT barriers instead?
Rather than sell your used INDOT barrier wall at auction, list the barriers for free on Eiffel Trading’s online marketplace. At Eiffel Trading, we tailor our website to attract buyers specifically searching for INDOT barrier walls. This means you can earn a greater profit from your INDOT barrier wall, as potential buyers who match with your material have a genuine need for what you're selling. Though first-time sellers may be unsure about a direct buyer-to-seller approach, Eiffel Trading’s online marketplace makes selling your INDOT barrier wall easy, low risk and hassle free. Most importantly, listing and selling materials on our site costs you nothing—all fees are paid by the buyer. This allows you to keep more from the sale and earn a higher profit for your INDOT barrier wall.
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
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.