The U.S. Industrial Machinery and Equipment Wholesaling market is worth a massive $322.9 billion. With this in mind, you have to think there is a lot of old machinery out there that must retain some value.
Maybe you're tired of seeing old equipment taking up space in your warehouse or office. Have you ever thought you could get some extra cash by getting rid of equipment you no longer use? You might be sitting on a small fortune and not even realize it!
In this article, we'll go over 13 ways you can sell equipment you don't need. We'll help you realize the value of your old equipment with the potential to make some serious cash. Let's get started!
1. Determine the Types of Equipment You Want to Sell
It's important to identify what types of equipment you have before trying to sell it because this will help you determine the best way to sell it and how much it is worth. Industrial equipment, such as heavy machinery, is often worth more than office equipment like computers or desks.
In addition, certain types of equipment may be more in demand than others due to changes in technology or industry trends. For example, if you have a piece of equipment that is no longer used in your industry, it may be more difficult to sell it. On the other hand, if you have equipment that is in high demand, you may be able to sell it for a higher price.
2. Research Equipment Options
Once you've determined the types of equipment you want to sell, it's time to start looking into your options for actually selling it.
Below we'll highlight three main options for selling your unwanted equipment. Each option has its pros and cons. Here are the options:
Selling to a Dealer or Broker
If you choose to sell your equipment to a dealer or broker, it's important to do your research and find a reputable company to work with. You'll want to make sure they have a good track record and a reputation for fair and honest business practices.
It's also a good idea to get quotes from multiple dealers or brokers. This way you can ensure you're getting a fair price for your equipment.
Selling to a Private Buyer
When selling to private buyers, it's important to be as transparent as possible about the condition of the equipment. Be sure to provide detailed descriptions and photos, and be prepared to answer any questions a potential buyer may have.
You'll also want to consider how you'll handle the payment and delivery of the equipment. Since you'll be dealing with a private buyer, you might be able to comprise more things than you would be able to with the other selling options.
Selling to a Manufacturer or Distributor
If you're selling to a manufacturer or distributor, it's important to have all of the necessary documentation ready, such as the equipment's serial number and any maintenance or repair records. It may also be helpful to have a list of the equipment's features and specifications to highlight its value to the company.
Be prepared to negotiate the price. Remember that manufacturers and distributors may have their own budget constraints to consider.
It's also a good idea to consider the timing of your sale. If you're in a rush to sell your equipment, you may have to accept a lower price.
However, if you have the flexibility to wait for the right buyer, you may be able to get a better price. Consider the current market conditions and do your research to get a sense of how much your equipment is worth.
3. Selling Used Equipment
Even if your equipment is old or has been used, it may still be worth something to the right buyer. Consider selling it as used equipment rather than trying to sell it as new. You may not get as much money for it, but you'll still be able to get rid of it and make some cash in the process.
Another option to consider is refurbishing the equipment before selling it. This can be a time-consuming and costly process, but it can also increase the value of the equipment and make it more attractive to potential buyers.
If you don't have the expertise or resources to refurbish the equipment yourself, you can work with a company that specializes in refurbishment services. Be sure to factor in the cost of refurbishment when pricing the equipment for sale.
4. Sell Equipment Online
One of the easiest ways to sell equipment these days is through online marketplaces. There are a number of websites that allow you to list your equipment for sale, like ours where you can browse through multiple listings.
Platforms like ours have a wide reach, so you'll have a good chance of finding a buyer. Just be sure to take good pictures and write a detailed description of the equipment to make it appealing to potential buyers.
5. Sell Surplus Equipment
If you have a lot of equipment that you no longer need, you may be able to sell it as surplus. Surplus equipment is typically sold in bulk to buyers who are looking for a deal.
You can try listing it on a surplus equipment marketplace. Or you can contact companies that specialize in buying and selling surplus equipment.
6. Sell Oil and Gas Equipment
If you have oil and gas equipment that you no longer need, you can try selling it to a company that specializes in buying and selling this type of equipment. There are a number of online marketplaces and brokers that deal specifically with oil and gas equipment, so you should be able to find a buyer relatively easily.
Our website typically has loads of oil and gas equipment for sale. So whether you are a buyer or seller, we recommend you check it out!
7. Sell Industrial Equipment
Industrial equipment is typically in high demand, so you should be able to sell it quickly if you price it correctly. You can try listing it on an online marketplace, contacting industrial equipment dealers or brokers, or advertising it in trade publications.
Again, we recommend you check out our listings page and search for the equipment you want.
8. Advertise in Trade Publications
If you have specialized equipment that is used in a specific industry, you may be able to advertise it in trade publications or online forums related to that industry. This can be a great way to reach potential buyers who are looking for specific types of equipment.
Keep in mind that the print industry is not the same as it used to be. Selling online is often much easier, quicker, and less expensive now.
9. Hold an Equipment Auction
Another option is to hold an auction to sell your equipment. You can work with an auction company to handle the details.
Or you can hold the auction yourself. This is a good option if you have a large quantity of equipment that you want to sell all at once.
10. Sell to a Scrap Dealer
If your equipment is no longer usable or repairable, you may be able to sell it to a scrap dealer. They'll pay you for the metal content of the equipment and recycle it.
This is a good option if you just want to get rid of the equipment. Also, you can do this if don't care about making a profit.
11. Donate the Equipment
If you can't find a buyer for your equipment and you don't want to scrap it, you could consider donating it to a charity or non-profit organization. They may be able to use the equipment or sell it to raise funds for their cause.
Just be sure to check with the organization first to make sure they can use the equipment and are willing to accept it. It might be a good idea to provide them with recommendations on how to sell the equipment too.
12. Sell to a Rental Company
If you have equipment that is still in good condition but you no longer need it, you could sell it to a rental company. They'll pay you for the equipment and then rent it out to other businesses or individuals who need it on a short-term basis.
This can be a good way to make some extra cash while also helping other businesses.
13. Trade-In the Equipment
Finally, if you're looking to upgrade your equipment or buy new equipment, you may be able to trade in your old equipment towards the purchase. This can save you money and get rid of the equipment you no longer need at the same time.
However, ensure sure to check with the seller to see if they offer a trade-in option. The last thing you want to do is haul some large equipment to find out that trading in is not an option.
Sell Equipment You Don't Need the Right Way
In conclusion, there are a number of ways you can sell equipment you no longer need. Whether you choose to sell it online, through a dealer or broker, or at an auction, you should be able to find a buyer and make some extra cash in the process.
At Fuelled, we allow you to effectively and efficiently monetize your surplus equipment. Why not contact us today about the equipment you would like to sell?