News and Our Blog
You know what your company's strengths are - and most likely, they do not include selling surplus equipment. Without the understanding of how the process works, and what needs to be done to maximize your return, you can greatly diminish sale prices. Oftentimes, companies that handle their own surplus equipment fail to reach the right markets, take enough time to effectively advertise their items, and use the appropriate resources to truly get the most for their equipment.
A lot of companies determine that they are going to miss their Q1 goals and then take steps to change it. Oftentimes, it's too late. Taking steps now to ensure a more profitable first quarter will save you a lot of headaches. Keep in mind, the sale of surplus equipment goes straight to the bottom line. A strong start to the year sets the tone for the rest of it! Even if you aren't short, and you start off stronger than you anticpated, it's never a bad thing!
Costs of ownership not only include the value of the machine and the power and labor to operate it, but also include less obvious costs as well. More subtle costs such as property taxes and insurance can be a drag on your business and bottom line. By disposing of idle assets promptly and getting them off of your books, you can reduce those unnecessary costs.
It may seem strange, but most employees notice when a company is wasteful and neglects valuable resources. If they see their company scrapping something of signifcant value, it lowers morale. When employees see the value of idled assets recovered and reinvested, they take comfort in the fact that their leadership manages resources wisely. It not only boosts the bottom line, but boosts an employee's confidence in their company as well.
Buyers expect that once they've paid, they can receive the title immediately. So, it can be a real issue when your missing those documents. It can quickly turn a good sale into a bad one, especially when you are never able to locate the title and have to apply for a new one. At that point, many buyers are not willing to wait for a replacement title to be generated.