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As part of its overall Clearance Liquidation Strategy
, EquipNet offers a variety of Auction Services designed to help your company quickly recoup the highest possible value for your idle and surplus
Depending on your particular equipment and time frame, EquipNet has several auction options:
Live and Webcast Auctions
Sealed Bid Offerings
Listing on the EquipNet eBay Store
Live and Webcast Auctions
EquipNet manages the sale of pre-owned, used and unused equipment at a live auction with online bidders participating remotely via a simultaneous Webcast. Our Live and Webcast Auctions are often the right option for sellers with significant quantities of equipment or for companies that are downsizing and need to liquidate equipment quickly. With a Live and Webcast Auction, EquipNet specialists visit a seller’s facility to inventory and prepare the equipment and the site for a live auction. The EquipNet Marketing team promotes the auction to a targeted group of potential buyers. On auction day, EquipNet auctioneers conduct live bidding at the seller’s facility and manage the bidding of remote bidders via the webcast. EquipNet collects and manages distribution of funds and oversees equipment removal. Where a seller’s facility might not allow for a live, on-site auction, we can conduct all bidding over the Internet via the webcast.
EquipNet Online Auctions
EquipNet's Online Auctions are conducted entirely on the web utilizing a competitive bidding process to sell pre-owned equipment. The Online Auctions are hosted on the EquipNet website using our proprietary SmartAuctions
technology and auction software. An Online Auction is often the right option for sellers that want to liquidate assets that have not sold on the EquipNet MarketPlace
Sealed Bid Offering
EquipNet offers a seller's pre-owned equipment in a closed or sealed bid environment. As part of this service, EquipNet markets the items and, when they sell, EquipNet will manage the payment and shipping. The Sealed Bid Offering is often the right option for hard-to-move equipment without a lot of potential buyers.
eBay Store Buy-It-Now
A Buy-it-Now listing is posted for a month in the EquipNet eBay Store with a price set at a level that the owner has already approved as an acceptable offer. The Buy-it-Now option allows sellers to liquidate their items in a timely manner, but still remain in control of the selling price. In turn, buyers have an opportunity to purchase pre-owned equipment at a pre-determined, non-negotiable fixed amount at a considerable cost savings over the price of new equipment.
eBay Store Seven-Day Auction
The Seven-Day Auction on the EquipNet Store is often the right solution for selling lower-cost, high-turnover items that would appeal to a broad customer base. Sellers send us their used equipment and we photograph, inventory, catalog, and post to the EquipNet eBay store for auction. Remote sellers can choose to supply us with inventory detail and images and manage their own shipping.
Companies that have some flexibility with their schedule can take advantage of EquipNet’s Auction Plus
service and possibly get a greater return on their initial investment. With Auction Plus
, your surplus equipment is sold as part of a three-step process:
Set an auction date and create a "MarketPlace
Push" listing. Your high-valued items will immediately be listed on the EquipNet MarketPlace
with an intensive marketing push designed to promote your equipment to a targeted group of potential end-user buyers.
The Auction. The assets that do not sell during the MarketPlace™ Push phase will be included in the pre-scheduled auction.
. While historically, a high percentage of premium assets sell during the MarketPlace
Push and/or prescheduled Auction, we will repost your equipment to the MarketPlace
and market those listings that are not sold during Steps 1 and 2.
Why Choose EquipNet Auctions?
EquipNet’s Equipment Specialists are seasoned experts in the industries they represent. The person assigned to your project will have extensive experience in the type of equipment you are seeking to liquidate. They will evaluate the worth of your equipment and help you recover the highest possible value for your idle and surplus assets.
Professional Marketing and Sales Support
EquipNet’s professional marketing team will create strategic and targeted campaigns to market your equipment to potential end-user buyers. During the MarketPlace phase, they will send emails to a large database of people in your industry, drawing them to your equipment listings. Pre-auction promotion includes print and online advertising in key industry publications, targeted email marketing, and the dedicated attention of an 80+ full-time sales team.
Smart Auction Technology
You’ll always know where you stand with EquipNet Smart Auctions. EquipNet’s Smart Auction Status Indicators change from red, to yellow, to green to automatically update you on the changing status of your bid. The red indicator means no bids have been entered for this item yet. Yellow means that bids have been entered and the listing is open for further bids. The green indicator light means that bidding has entered into the "Confirmed Sale Range" and this item will be sold to the highest bidder at the conclusion of the auction. However, if the final bid for an item has not surpassed the minimum reserve, the bidder still has an opportunity to have their offer accepted. EquipNet will take the bid to the Seller for review and possible approval which means that any bid can be accepted by the Seller! With this dynamic technology, any offer submitted under the minimum reserve can be accepted "in real time" by the Seller during the auction.
The 3-step process of EquipNet’s Auction PLUS program ensures you will recover some of your initial investment AND meet your project deadlines. High-end items are first listed on the EquipNet MarketPlace prior to the scheduled auction and promoted aggressively by the Marketing team to potential end-user buyers. The majority of these items sell prior to or during the scheduled auction but the option to transfer unsold items back to the MarketPlace is an extra insurance policy.
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