1. Trade journals
At first glance, trade journals such as Powerline, published by the Electrical Generating Systems Association, might seem to be a quick and easy way to get your generator on to the market. After all, readers of these publications are likely the exact people who you're looking to contact! Unfortunately however, this option can be prohibitively expensive, with a one-time full-page ad in the aforementioned Powerline costing $1,565. Even then, it's understood that advertisements in magazines only really produce dividends over multiple issues, so you can start to see how the costs could add up!
2. Direct contact
As a member of the business community, you might think to simply pull out your Rolodex and start giving colleagues and and friends in the business a call. While this might be a great way to spend your whole day catching up with long-lost acquaintances, this method is inefficient, lacks a way to gauge demand for your product, and can result in awkwardness when the issue of a price comes up. Establishing a market price for your second-hand generator can be difficult a the best of times, and the last thing you want to have to do is bargain for a good price.
3. Classifieds
Again, while classifieds might seem like a good option, they suffer from many of the problems as direct contact. Although online classifieds such as Craigslist have transformed the informal market in recent years, in truth you'll find you will have the same issues as print classifieds. First, classifieds advertise to a huge market that is unlikely to be interested in your generator, and your ad can get lost in the torrent of similar products. Related to the downsides of such a wide reach, perhaps the most frustrating aspect of classifieds is that you'll have to deal with time-wasters who are only vaguely interested in your product, or who are looking to low-ball you.
4. Fliers
In desperation, or perhaps inspired by a recent story of a lost cat reunited with its family by way of a 'lost cat' poster, you might consider posting a flattering picture of your generator on electricity poles in close proximity to other sites and projects, and on message boards. Although contacting a legitimate buyer through this method is unlikely, surely stranger things have occurred, so you might consider giving it a try. In all seriousness though, this method suffers from a very limited reach and is not very well targeted to the market you're looking to reach.
5. Selling for scrap
In times of stress, this option may seem the best way to make a good thing of a bad situation. Selling a generator for scrap might give you a negligible return, but is a waste of a good generator, and a hugely wasted opportunity for an even larger cash inflow. As we've seen throughout this article, traditional ways of selling on a generator have their own particular downsides. There is a however, a final option that may be just what you need.
Sell through Depco
Here at Depco we pride ourselves on selling quality products and giving our customers the best value, that means that not only do we sell brand new generators, but also buy used generators to refurbish before selling on. Depco purchases equipment and assets from around the world including generator sets, generator ends, engines, marine engines, marine transmissions, power units, parts, and transfer switches. We buy new, used, and rebuilt equipment from the most trusted brands in the business, at a range of prices to suit any budget. With all the pitfalls outlined above, Depco is by far the most straightforward option for getting that un-needed generator out of your yard and securing some cash in return.
Get in touch with us about selling your generator with our quick and easy online form, and we'll get money in your hands today!
