Auction your way to profitability

Synopsis

“Auction is structured way of selling and a proven formulae to determine the best price of

selling. When you do an auction the documentation and representation gives a 90+ percentage

visibility to buyer to take a calculative risk and quote better price”

“A small fee to auction house saves a large compliance cost and fetch you better price”

Ever imagined that why we are not able to get best price for our least priority high value items

which we really get rid off. The truth is our anxiety and urgency gets visible to the buyers and

we end up getting surrounded by the like priced prospective buyers. These buyers being in the

same trade do talk amongst each other and try to curtail your power to negotiate.

Lets take example of your e-waste. Lets assume you have 150 staff members and your IT policy

asks you to replace IT equipment after three years to maintain speed and warranties hence

reducing overheads of repair and losses due to out of order. With 150 staff members and

supported IT back bone, you will have 100KG of IT waste accumulated every year.

Lets create a table for that

Traditionally, you will have your IT or admin team approach one or two E-waste collectors’

followed by visit, inspect and pick up things. Here is the twist. All these things put together with

proper listing as a lot on E-auction portal can attract refurbishers and recyclers from across

India. The refurbishers will give you much better price for Laptops and Servers whereas the

recyclers will give you better price for remaining things.

“No one buyer may take your entire set of lots. An auction house has a long list of buyers for

every type of auction and techniques to publicize them well”

Recycling will fetch you INR 30-60 / kg whereas a refurbishing unit will pay you at per piece. A

100kg E-waste to recycler will bring in not more than INr3000. Your 40 end of life laptops if

given to refurbisher may yield as high as INR 40000.00. That’s 12X return.

How will it help:

1) Complete audit trail

2) Zero loss due to negligence or oversight

3) Equal opportunity to willing buyers

4) Fair price assessment

5) Controlled process

6) Recorded money trail

7) Standardized process eliminating human influences

8) Optimal fueling of Circular economy
“E-auctions have revolutionized the selling of lots with unimaginable reach and transparency”