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Construction Equipment Guide
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Mon March 12, 2018 - Southeast Edition #6
Remember when you had to call a taxi? Remember when you had to go the store? Remember when you had to go to the travel agent? Remember when you had to go to the library? Remember when you had to go to the bank?
Remember when you had to go to an auction? The internet has changed everything.
The internet has revolutionized the way we buy and sell. Many purchases that used to demand in-person attendance have evolved — and improved — into virtual services. Wasted time and travel equals wasted expense and also comes with opportunity costs. The internet has brought immediacy, efficiency and greater selection into many traditional markets.
In the traditional live-auction model, there are significant costs made by both sellers and buyers just to participate in the auction. Sellers have to pay to ship their items to an auction site in time to “make the catalog.” Since bidders must be on-site to effectively inspect equipment, they have to travel…sacrificing time, energy and the cost to get there in the hopes of sourcing equipment. Not to mention, this comes at a huge opportunity cost as they are pulled away from their critical business activities.
In reaction to these inconveniences, savvy equipment buyers and sellers have turned to the power of the internet and the efficiency gains of online auctions. With 168 million active buyers, eBay is the world's largest online auction marketplace. Utilizing eBay's effective auction platform, global reach and trust, bidadoo provides professional remarketing for used construction equipment, rental fleets, trucks and other capital assets.
Simply put, bidadoo brings the auction to you — for both sellers and buyers. This is done through the power of the internet, by bringing online bidders to equipment that can be left at owners' sites. With detailed condition reports, video demonstrations and quality photos, bidders can effectively “kick the tires” with bidadoo — without having to travel and see a machine in person.
“bidadoo and eBay continue to change the way heavy equipment has been traditionally bought, sold and auctioned. In the past few years, the internet has forever improved many business models with massive efficiency gains.” said Howard Hawk, bidadoo president. “Like many traditional retail brick-and-mortar models, we see the continued migration of both buyers and sellers to the more efficient online model. In 2017 bidadoo experienced record equipment sales on eBay through increased acceptance and participation of trusted, transparent online auctions.”
Over the past 15 years, bidadoo has emerged as a preferred auction solution for heavy equipment buyers and sellers. Benefits for both buyers and sellers include:
bidadoo looks toward an exciting 2018 with several key growth initiatives, which include:
“We're excited to continue building a strong partnership with bidadoo into the new year,” said Pooja Piyaratna, general manager of business and industrial at eBay. “Together, we're changing the way people buy and sell heavy equipment by making inventory readily accessible across devices and borders.”
For more information, visit bidadoo.com.
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