Should I Sell Used H-Pile at Auction?
Because H-pile is made of steel, it retains its value over time and can be uninstalled and resold after it’s no longer needed on a previous project. However, if you sell your H-pile at auction, you’ll make less money and miss out on many of the benefits of selling directly to the consumer.
Eiffel Trading’s online marketplace makes selling your H-pile easy and hassle-free. Here, we cover some of the main reasons why you should avoid selling your H-pile at auction, and where to list your materials instead.
Why You Shouldn’t Sell H-Pile at Auction
1. When you sell H-pile at auction, you don’t get to set the price.
Selling H-pile at an unreserved auction means the materials go to the highest bidder, regardless of how low their bid is. This means if a low bidder wins the auction for your H-pile, there’s nothing you can do to reverse the outcome—you will still be forced to go forward with the sale, even if you know you could have made more money.
2. When you sell H-pile at auction, you don’t get to keep your selling rights.
When you put your H-pile up for auction, you give up the opportunity to advertise your materials to a wider market. In unreserved auctions, this lowers your odds of finding a buyer who’s willing to pay a fair price based on the age and condition of your H-pile. In reserved auctions, your H-pile could be up for auction for much longer than you’d intended, since the pool of buyers is smaller. __In both situations, you risk finding yourself stuck in an unwanted situation when you could have instead kept your selling rights by listing your H-pile for sale directly to the consume__r.
3. When you sell H-pile at auction, you’ll pay a listing fee.
Auctions charge a fee to list goods for sale, which cuts into your profits. Many sellers pay this listing fee either because it’s what they’ve always done or because they don’t realize there’s a better way. When you list your pile on Eiffel Trading’s online marketplace, there’s never a listing fee.
4. When you sell H-pile at auction, the materials won’t always go to the most interested buyer.
At auction, materials often go to auction attendees who are looking to get a good deal in order to later flip and resell the materials for a profit themselves. These types of buyers are not willing to pay full price for materials, so if they win the auction, you’ll earn less.
At Eiffel Trading, we optimize our search features to target buyers looking for H-pile just like yours. This enables you to earn more for your pile, since interested buyers who “match” with your equipment are contractors who need the materials for a project.
Where to Sell H-Pile Instead of Auctions
Instead of putting your H-pile up for auction, consider listing your materials on Eiffel Trading’s online marketplace. When you sell H-pile on Eiffel Trading, you’re joining ENR Top 400 companies, rental companies, dealers, brokers and suppliers from all 50 states, plus Canada. H-pile listed for sale on our site is sorted by region and can be bought and shipped outside of a seller’s state. Because of the volume and quality of products sold on our platform, you can earn more money for your goods. When you list your H-pile on Eiffel Trading, you’ll have the opportunity to target contractors who are looking for pile with your exact specifications. Our enhanced search tools and niche market ensures every listing gets the attention it deserves, which drives up the value of your equipment. In addition, you also keep your selling rights.
It’s always free to create a listing on our marketplace, and listing your H-pile requires no obligation.
Buy and Sell with Eiffel Trading
Our online marketplace is a hotspot for buying and selling used heavy civil materials and equipment. Our material inventory not only includes used h-pile beams, but also used wide flange beams, used traffic barrier, used crane access trestles, and more.
All of our listings are constantly being updated, but if you don’t see what you’re looking for, create a wanted listing for free.
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 sales@eiffeltrading.com.