PRZOOM - /newswire/ -
London, Greater London, United Kingdom, 2008/11/03 - In the age of the credit crunch, the online purchase of used industrial equipment is an increasingly popular option for start-ups and SMEs - AssetTraderNet.com.
In the age of the credit crunch, business owners are becoming more and more reluctant to splurge when it comes to capital expenditures, especially if they are managing a start-up or a small-to-medium enterprise. Agricultural and construction companies that utilize roughly less than 50% of work hours from their equipment can experience a considerable draining of resources, due to the storage and depreciating costs of the assets. As a result, money-savvy SMEs are increasingly embracing the business practice of buying used assets online to cut on capital expenditures while simultaneously selling the equipment they no longer need.
There are many lucrative reasons for using the web to consolidate and upgrade your equipment or turn your own inventory into a cash horse. First of all, the purchase of a used industrial or agricultural asset brings about some basic financial considerations: the first year in the life of your crane or combine can typically see a 30% reduction in the value of the asset, whilst maintenance costs account for only 10 to 15% of the total value. For an average business owning £1m in assets, purchasing a one-year-old piece of equipment on the used market can free up to 100k in cash in the first year, a considerable amount of money for an SME. Buying and selling at the same time is an even better financial choice, because it means actively managing your inventory rather than having unused items sitting around your farm or construction work site. For example, construction managers who bid on a pipe-laying project can buy and then sell their specific equipment without any extra costs tied in, while those who invest in new items will inevitably deal with storage and depreciating costs.
So far, so good. But if the thought of listing every single machine you own, filling out web forms, and tracking sellers and buyers online is still overwhelming, you can look to companies like AssetTrader, where account managers will make sure you utilize the full force of online marketing.
Kelvin Pollard, team leader and senior customer account manager for AssetTrader, believes this is the way to go for harried business owners who don’t have the time or the inclination to browse through internet resources themselves to make money from their own equipment. Pollard says: “I see myself as a link between the not-so-technical customer and the highly technical team we have here, which can set-up a virtual online shop for your company and your equipment. Basically, we do all the boring leg work for you.”
AssetTrader enquires on customers’ machines, lists them, and creates a company profile that has the potential to give the business a global online visibility, reaching a worldwide audience. Pollard goes on: “We translate our English site into German, French and Spanish for our European market, enabling companies to reach a market they wouldn’t be able to reach otherwise. We’ve just launched a new Italian website. AssetTrader is trying to make the trading process extremely user friendly. I might spend 10 minutes or half an hour with you on the phone finding out what sort of stock you have and what you want to do with it exactly, and then we do the rest.”
With over 5000 registered users, AssetTrader (assettradernet.com) is a leading online trading hub for used and new business equipment. It holds a regularly updated inventory of agricultural, manufacturing and construction machinery available for sale from major dealers and private sellers through to original equipment manufacturers. Headquartered in London, UK, AssetTrader brings together traders from the USA, Europe, Latin America and Asia.