Why You Shouldn’t Sell Your Used RIDOT Barrier Wall at Auction
Rhode Island Department of Transportation (RIDOT) concrete construction barriers refer to barriers approved by the state of Rhode Island. Due to their durability, used RIDOT barriers can be uninstalled and resold after use on a prior project.
In the current market, contractors are shifting away from traditional seller’s auctions in favor of more effective, modern selling methods with fewer associated fees.
In this article, we discuss the primary reasons why selling your used RIDOT barrier wall at an auction may not be the best choice, and where you should list your materials instead.
Auctions Limit Exposure to a Local Audience
A significant drawback of auctions is that they mainly advertise materials to attendees who are present at the auction, limiting your exposure to a local audience.
If you decide to auction your used RIDOT barrier wall, you’ll miss the opportunity to showcase the barriers to a broader statewide market.
This reduced visibility can lower your chances of finding a buyer willing to meet your desired price, often resulting in smaller profits than anticipated.
Limited Control Over Pricing
Ideally, when selling your used RIDOT barrier wall, you want to maximize your earnings based on current market demand and trends. However, selling through auctions can be challenging in this regard, as materials typically go to the highest bidder, even if their offer is unreasonably low.
Once a low bidder wins, there's usually no option to retract the sale, forcing you to proceed with a bad transaction. This lack of control over pricing is one of the reasons why many sellers are switching away from auctions.
Auctions Come with Listing Fees for Used RIDOT Barriers
Before choosing to sell your RIDOT barrier wall at auction, it's essential to consider the associated fees and factor in potential hidden costs.
Auction houses charge sellers for various overhead expenses, including staff, rented venues, physical materials, and more. Many sellers end up absorbing these fees, often believing there is no alternative.
However, with the rise of online marketplaces like Eiffel Trading, seller fees are no longer a necessity. Choosing to list your RIDOT barriers on Eiffel Trading's online platform allows you to list your materials with zero fees.
Auctions Attract Opportunistic Buyers for RIDOT Barrier Walls
Auctions tend to draw opportunistic buyers seeking deals rather than those who genuinely need specific materials for their construction projects.
Consequently, your RIDOT barrier wall may end up in the hands of an auction attendee looking for a bargain or planning to resell the material, rather than a buyer who could put the barriers to the best use. This can result in a lower profit for your RIDOT barriers compared to other selling platforms.
A Better Selling Platform for RIDOT Barriers
Instead of auctioning your used RIDOT barrier wall, consider listing your materials for free on Eiffel Trading's online marketplace.
Eiffel Trading's platform is tailored to attract contractors actively seeking RIDOT barrier walls in Rhode Island and surrounding states. By utilizing our marketplace, you'll have the opportunity to earn a higher profit from your RIDOT barrier walls through our intuitive, fee-free listing system.
Eiffel Trading's online marketplace simplifies the selling process, reduces risk, and offers a hassle-free approach to selling RIDOT barrier walls. While auctions have been a traditional method for selling heavy construction materials like used RIDOT barrier walls, our platform provides a more effective, modern strategy that can give you better results.
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 firstname.lastname@example.org.