Tag Archives: purchasing tips
So it’s your first auction and the place is full of people and excitement. The auctioneer is barking out bids, numbers and prices. People all around you are bidding on an item like it’s a long-lost childhood toy. You notice that some item you have just seen in the store sold for a fraction of the store price. A second item comes up and it goes for yet another great bargain. You think, “Wow, this seems like a pretty easy way to get things dirt cheap. Maybe I should bid and get in on the action. How hard can it be anyway…right?”
While great buys can be had at auctions, the opposite is also true. Getting stuck with something that isn’t what you thought it was can (and more often than not, does) happen. Below are some pro tips that you can use to avoid costly mistakes. Following the tips will save you a lot of grief and expense and give you the tools you need to bid like the pros.
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.
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.
Removing the risks – buying used pallet rack and other pre-owned equipment
Certainly, you can save money by purchasing used pallet rack instead of new equipment. Are there are some risks involved? Yes! Will it likely to have a shorter remaining service life and is there no manufacturer’s guarantee? Not necessarily! A common misconception is that with used equipment you’re not really sure what you’re getting. You can, however, easily reduce and even outright eliminate many of these risks by simply dealing with the right people when entering the used market.
Here is a primer that covers a few of the basics.