Do you want to make money selling construction equipment? If YES, here is a complete guide on how to buy and sell used heavy construction equipment profitably.
There are many ways an entrepreneur can make money and one of the ways is by buying and selling of used heavy duty construction equipment. There is no excuse for any young man or woman to remain idle because they have not landed their dream job after graduating from college. Those involved in buying and selling of used heavy duty construction equipment are making cool cash.
Heavy construction equipment refers to heavy-duty vehicles, specifically designed for executing construction tasks, most often the ones involving earthwork operations. They are also known as heavy machines, heavy trucks, construction equipment, engineering equipment, heavy vehicles, or heavy hydraulics.
Please note that for you to be able to buy and sell heavy duty construction equipment, you must have some background experiences that will help you to make the right decision on the equipment to buy and how to go about selling it. You should be able to network with construction companies and general contractors who are major players in the construction industry.
Now let us quickly consider the 6 surefire tips that will help you to make money buying and selling used heavy duty construction equipment.
How to Make Money Buying and Selling Used Heavy Construction Equipment
It is very important that you conduct your feasibility studies before buying and selling used heavy construction equipment. Part of what you should look out for when conducting your feasibility studies is to get the address and details of all the construction sites and construction companies and also dealers of construction equipment within your reach.
You should also get info on the price range construction companies may be willing to sell or buy used heavy duty construction equipment, the kind of used heavy duty construction equipment that is in high demand and how to source for used construction equipment in and around your location.
You will realize that if you conduct your feasibility studies prior to launching your business, you will struggle less to achieve your goals because you would have developed strategies on how to overcome some of the challenges you are likely to face in the course of conducting your business.
Another important thing you must do prior to buying and selling used heavy duty construction equipment is to write your business plan. Your business plan clearly spells out how you will go about marketing your used heavy duty construction equipment – your marketing strategies, how to source for used heavy duty construction equipment, customer retention strategies, how to raise startup capital and how to manage the inflow of cash.
There are professionals that help people write good business plans; you can locate them in your city or on the internet.
But, the truth is that you can write your own business plan yourself since all you intend doing is to make money buying and selling used heavy duty construction equipment. It is not a complicated business, you can use existing business plan templates to write your own business plan.
- Print Your Catalog and Business Card
Your catalog, business card and your phone is your most important marketing tool in this business. The truth is that you don’t need an office to do this kind of business.
Your job is to get used heavy duty construction equipment from standard construction companies, and then sell it to smaller or medium scale construction companies and you will make your profits. So, ensure that your catalog and business card are well printed and it clearly states the kind of business you are into, and how you can be contacted.
- Source for Construction Companies around You Where You Can Possibly Get Used Heavy Duty Construction Equipment
There are world – class construction companies that usually sell off their heavy duty construction equipment after a period of time and these are the companies that you would need to relate with. All you need to do is to list the address and contact details of standard construction companies within your reach and then approach them to discuss business with them.
It pays you to propose selling their used heavy duty construction equipment for them based on commission especially if you don’t have the startup capital to buy these equipment – the truth is that used heavy duty construction equipment are expensive, so these construction companies will appreciate someone who can help them sell their used equipment.
- Source for Construction Companies around That You Can Possibly Sell Used Heavy Duty Construction Equipment To
It is one thing for you to have loads of used heavy duty construction equipment, and it is another thing to know where and who to sell them to. There are loads of small to medium scale construction companies that cannot afford brand new heavy duty construction equipment hence the need to go for fairly used ones as long as the equipment are still in good shape.
All you need to do is to make a list of all the small to medium scale construction companies within your reach, and then approach them to market your used heavy duty construction equipment. You can start with phone calls and then book an appointment to see the procurement manager. The bottom line is that you must make sure that you look for these construction companies.
- Create a Website to Display Your Used Heavy Duty Construction Equipment
You can leverage on the internet to promote your business. What you need to do is to design a good website and then display all the used heavy duty construction equipment that you have for sale. The truth is that you are likely going to attract people from far and wide to patronize your goods.
If the used heavy duty construction equipment you want to display in your website aren’t yours, it is important that you take permission from the construction company that owns the equipment before displaying them on your website.
Examples of Heavy Construction Equipment Include:
There are loads of used heavy duty construction equipment that an entrepreneur can buy and sell. Some of the heavy duty equipment are Bulldozer, Track skidder, Track-type tractors (Bulldozer), Tractor, Grader, Skid steer loader, Excavator, Amphibious excavator, Compact excavator, Dragline excavator, Dredging, Bucket-wheel excavator, Excavator (digger), Long reach excavator, Suction excavator, Walking Excavator, Trencher (machine), Yarder.
Backhoe loader, Wheel forwarder, Wheel skidder, Pipe – layer, Fresno scraper, Wheel tractor-scraper, Mining, Construction & mining tractor, Material Handler, Aerial work platform / Lift table, Crane, Forklift, Reach stacker, Telescopic handlers, Asphalt paver, Asphalt plant, Cold planer, Cure rig, Pavement milling.
Pneumatic tire compactor, Roller (road roller or roller compactor), Slip – form paver, Vibratory compactor, Compactor, Road – header, Tunnel boring machine, Underground mining equipment, Hydromantic Tool, Ballast tamper, Drilling machine, Pile driver, Rotary tiller (rototiller, rotovator) and Highway transit-mixer.