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Tag Archives: buying tips

Auction Buying Demystified (part2)

An Insider’s guide to the parlor tricks auctions use to separate you &  your money.

In part 1, I reviewed the 4 very simple auction facts that most insiders don’t want you to know.

They are:

  1. Auctions are designed to sell stuff. All. The. Stuff. Good, bad and even really bad stuff.
  2. Auctions are designed to sell items for more, not less, than it’s really worth.
  3. Auctions are designed to confuse you into making bad decisions and mistakes.
  4. Auctions are designed to get as much of your money as fast as possible with no possibility that you can ever get it back. (This is all done completely transparently and 100% legally.)

In part 2, I’ll expose these top 4 auction secrets that net more and more pigeons every day. Here’s the good news. After you read this article, you’ll trade in your pigeon wings to some other sucker standing next to you who didn’t read it.

Let’s start with the basics…

(1) Auctions are designed to sell stuff. All the stuff. The good, bad and even really bad, stuff.

All the Stuff

All the Stuff.

The main purpose of any action is to sell all the stuff. This includes all the good stuff, but what we’re concerned with here is all the bad stuff (I’m talking about the broken, manufacturer is out of business stuff). The next priority is to get the most money possible for the stuff on sale. The more bidders bidding the better the chances that the seller will obtain higher bids.

All auctions are comprised of good and bad stuff. The good stuff is purposely dispersed evenly among all the bad stuff (filler) to keep as many people engaged for as long as possible. Unfortunately for you, they don’t have tags or any sign saying what’s good and what’s bad. Mixing the good and bad stuff together assures a steady stream of bidders from the beginning to the very end of the auction.

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Top 5 Rookie Mistakes New Entrepreneurs Make on Warehousing & Distribution

Starting any new business can be a daunting project, and setting up a new distribution center or warehouse where hundreds of different companies count on your efficiency can be downright overwhelming. As with any new business, you’re going to be purchasing equipment to outfit your operation and make it as efficient & profitable as possible. Many new entrepreneurs start this process from scratch and learn as they go. Today, you can’t afford to do on-the-job learning. You need to be on your “A-Game” from the start.

The following 5 tips (written by a 30 year industry professional) will help you avoid the most common pitfalls and mistakes that rookie entrepreneurs make that can bankrupt their business before it even gets off the ground.

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Top 5 Buying Secrets Industry Insiders Don’t Want You To Know

The material handling industry, as discussed in this article, represents a whopping 50-billion dollar/year business in the U.S. alone. Even so, very few people know everything necessary to make optimal buying decisions. Some people in the industry like it this way, but in this article, I’ll reveal some of the secrets these dealers don’t want you to know. I have been in this industry for over 30 years and I have learned many things that I think you, the customer, ought to know. Though I wont tell you what decision to make, I’ll give you the tools to make the right decision.

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Who you buy it from is often more important than who made it.

Pallet rack, like the majority of material handling equipment, is available from several quality manufacturers in the United States. The question of what to buy is normally fairly straightforward. The real question is, who you buy it from to get the best possible deal in terms of price, delivery and support. There are several options.

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