How To Organize A Car Auction
If you have several cars that you do not use anymore, why not organize your very own auction? This guide will teach you how to organize a car auction so grab a pen and some paper and start writing down. When organizing any type of auction, you need to be very attentive to all of the details. Always remember the following things: organizing it will definitely take longer to accomplish in comparison to what you have planned in the beginning; if something might go wrong in the process, it will probably will which is why unless you have organizational skills, you should sell the cars the old fashioned way.
First of all you will have to grab a calendar and select a date in which you will hold the car auction. Don’t choose a date randomly as you need to check and see if there aren’t any other auctions organized that day or week. When you find an open spot, hold on to it. You’ll have to write down a simple marketing plan by creating a checklist which you should follow in order to get more exposure for your auction.
Taking into consideration that we live in the era of the Internet, you’ll have to get in touch with a web designer so that he/she can build a software program for the online registrations and to place bids. Needless to say, this software has to be eCommerce ready. Of course, there are dozens of software programs like this one which you can buy, but if you need to personalize it, you should contact a web designer and/or programmer.
If at this auction you want to sell more than just your cars, you can contact car dealers and invite them to your auction. These invitations must include an RSVP as well as a registration number so things won’t get mixed up in the process.
To have a successful car auction, it is highly recommended that you sell reputable cars that come with full service history. To build a solid reputation among car buyers and sellers, you will have to be completely honest and transparent throughout the entire process. This auction does not have to feature lots of cars, especially at first when you are inexperienced; 5-10 vehicles should provide a very good bidding war to kick things off. Don’t forget about asking for partial payment after the bid in order to guarantee final payment. In addition, take care of the delivering and make sure that all the costs are included as part of the car’s price tag.
Other things that you should take into consideration include: organizing the vehicles for sale by make and model; determining how close the potential buyers can get to the vehicles which are for sale; elaborating a program in which the visitors can have a look at the cars; taking care of the parking issues by hiring valet service.
As you can see, there are lots of aspects that you need to take into consideration if you have decided to organize your own car auction. Whether it is for your cars or you have gathered vehicles from various dealers, you need to plan ahead and be focused at all times.
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