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Anyone who loves being out on the water understands how thrilling the experience can be, especially when you have the right marine boat and equipment with you. Harbor Shoppers comes with online boat sales at the best prices. Shop Now!
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Turbo Charge Your Offers with an Online Boat Auction
If you’re thinking about how to sell your boat faster and your boat is new to the market, then you might like to consider an Online Boat Auction to sell your boat in a tight market. This might just be the smart sales move you’re looking for.
Marketing your boat without a price in any boat market
If your boat is new to the market, a four-week intensive marketing campaign without indicating a price, then followed by a 7-day global online boat auction, might just be the right way to turbo-charge your ‘sell your boat faster’ masterplan!
The traditional method of selling your boat is to exclusively list your boat with the boat broker that indicate they are able to achieve the highest sale price. However, this approach may be contributing to an illiquid or slow boat market in Singapore and other regions. Many boats are still on the market with no enquiries and no offers a year, or more, later.
An alternative to the traditional brokerage model is to market your boat without a price, first and foremost. You may sell your boat for more than you expect, depending upon your boat model. Let me explain.
Read the full article: Sell Your Boat Faster
My Boat Sale Didn’t Reach Reserve at the Online Boat Auction – What’s Next?
Selling a boat faster
The potential to Sell your boat faster is one of the appealing features of an Online Boat Auction. There is a lot of hope and expectation of a faster sale than with the traditional brokerage model. The online boat auction has a certainty of outcome with market feedback in a 6-8-week fixed time frame.
So, it can be disappointing when the bid price doesn’t go high enough during the 7-day Online Boat Auction.
Read More: Didn’t Reach Reserve at the Online Boat Auction
How to Sell Your Boat
Is Online Boat Auctions suitable for you?
There are two reasons why boats don’t sell: price and awareness. BASCO and Marine Auctions’ marketing process eliminates price as an objection because the vessel is always marketed without a price.
Traditional brokers will usually wait for buyers to approach them, with our partnership we focus on generating awareness while you choose the level of marketing activity you require. Obviously with greater awareness, a higher price will be achieved.
We have a range of marketing and awareness building campaigns and will work with you to determine the most appropriate campaign to promote your boat. All extra advertising costs are paid prior to commencing the selected marketing campaign.
Learn More: How to Sell Your Boat
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At repo boat auctions the patient bidder always gets the last laugh