Selling Equipment Online – FleetNow https://buyfleetnow.com Buy & Sell Equipment Mon, 17 Feb 2025 15:08:32 +0000 en hourly 1 https://wordpress.org/?v=6.7.2 Why Fast Lead Follow-Up in Construction Sales is the Secret to Selling More Equipment https://buyfleetnow.com/news/fast-lead-follow-up-in-construction-sales/ https://buyfleetnow.com/news/fast-lead-follow-up-in-construction-sales/#respond Wed, 12 Feb 2025 16:21:39 +0000 https://buyfleetnow.com/?p=32562

Why Fast Lead Follow-Up in Construction Sales is the Secret to Selling More Equipment

Picture this: a contractor’s equipment breaks down mid-project, and they’re scrambling to replace it. They fill out a contact form on your website or call to inquire about a skid steer, telehandler, or boom lift. Now imagine you… wait 48 hours to get back to them. By then? They’ve already bought from someone else who swooped in like a superhero with the perfect machine.

If you’re selling construction equipment, timing isn’t just important—it’s everything. Let’s break down why fast follow-up matters and how you can be the hero your leads are looking for.

The Stats Don’t Lie: Timing is Key

Let’s get to the numbers that prove why speed matters:

  • After just 5 minutes, conversion rates drop by 8x.
    (Source: InsideSales)
  • Leads contacted within the first hour are 7x more likely to qualify compared to those contacted even an hour later.
    (Source: Lead Response Management)
  • 78% of customers buy from the company that responds first.
    (Source: HubSpot)
  • After 30 minutes, the likelihood of connecting with a lead drops 21x.
    (Source: Drift)

In the construction equipment game, where projects run on tight deadlines, these numbers carry even more weight. If you’re not fast, your competitors will be—and they’ll snag the sale.

Why Construction Equipment Buyers Expect Speed

  1. Urgency is Built In: Contractors and rental yards don’t browse for fun. They need equipment yesterday. A slow response can mean a missed job or costly downtime.
  2. Your Competition is Hungry: The construction industry is competitive. If you’re not quick, someone else will be.
  3. It’s a Trust Signal: A fast follow-up shows professionalism, reliability, and that you value their time—all critical factors for closing the deal.

5 Tips to Nail Your Follow-Up Game

Ready to speed things up? Here’s how to make sure no lead slips through the cracks:

1. Automate the Acknowledgement

Use tools like email responders or chatbots to confirm you’ve received the inquiry instantly. A simple, “Thanks for reaching out! A rep will call you in the next 5 minutes,” keeps the lead warm while buying you time to act.

2. Set A Response Time Goal

Make it your mission to respond to new leads within 5 minutes. Set up notifications for every lead inquiry, whether it’s from your website, phone, or social media. Speed is key.

3. Use Lead Management Tools

CRMs like HubSpot, Salesforce, or Zoho can prioritize leads and track response times. Bonus: They can also trigger follow-up emails and tasks to keep you on top of things.

4. Don’t Stop After One Try

Not every lead will pick up or respond the first time. Create a follow-up sequence: call, text, email… then repeat. Studies show that 80% of sales require 5+ follow-ups. Persistence pays off!

5. Train Your Team

Your sales team should know the importance of fast responses and have scripts ready to go. Practice role-playing scenarios to ensure they’re confident and quick under pressure.

What to Say in Your Follow-Up

When you follow up, be helpful and direct. Example:

“Hi [Name], this is [Your Name] from [Your Company]. I saw your inquiry about [equipment type]. We’ve got a few great options that can meet your needs. Do you have a minute to chat so I can get you the perfect solution?”

End with a call to action:

“When’s the best time for a quick call?”
“Do you want me to send over some specs or pricing details?”
Make it easy for them to say “yes.”

What Happens When You Follow Up Fast?

When you follow up quickly, a few magical things happen:

  • You Build Trust: Leads feel taken care of and confident they’re working with a professional.
  • You Beat Competitors: Speed puts you first in their minds (and inbox).
  • You Close More Sales: Faster follow-up = higher conversion rates.

FAQs

Delaying follow-up decreases your chances of conversion drastically. Leads contacted after 30 minutes are 21x less likely to convert.

Be direct and helpful. For example: “Hi [Name], I saw your inquiry about [equipment type]. We’ve got great options ready to meet your needs. When can we chat?”

On average, it takes 5-7 follow-ups to close a sale. Use a combination of calls, emails, and texts to stay top of mind.

CRMs like HubSpot, Salesforce, and Zoho are excellent for managing and prioritizing leads. Additionally, tools like Zapier and Calendly can automate responses and streamline scheduling.

Ideally, you should aim to respond within 5 minutes. Studies show this is the sweet spot for maximizing conversion rates.

The Takeaway

In the fast-paced world of construction equipment sales, every minute counts. Responding quickly to leads isn’t just good practice—it’s the difference between closing the deal or losing it. So set up those systems, train your team, and get ready to watch your sales soar.

Your leads are waiting. Go get them… fast!

Follow FleetNow for More on Equipment Reviews,
Maintenance, and Equipment Deals

Shopping for a Heavy Equipment?

Tell us what you need, and we’ll do the work for you.

If you need construction equipment, you’re in the right place. Send us details about the job and/or specs on the machine you want, and we’ll find you the best options available.

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The Importance of Inspection Reports: Building Trust with Buyers https://buyfleetnow.com/news/the-importance-of-inspection-reports/ https://buyfleetnow.com/news/the-importance-of-inspection-reports/#respond Tue, 04 Feb 2025 16:34:28 +0000 https://buyfleetnow.com/?p=32452

The Importance of Inspection Reports: Building Trust with Buyers

Providing an inspection report can make or break your sale. Buyers in the used construction equipment market are often cautious, wanting to ensure they’re making a sound investment. A thorough inspection report acts as a bridge, providing them with the confidence to move forward. It’s not just about disclosing information—it’s about building credibility and demonstrating your commitment to transparency. Sellers who invest in creating detailed inspection reports consistently see faster sales and higher buyer satisfaction.

What is an Inspection Report?

An inspection report details the condition of your equipment, including mechanical, structural, and cosmetic aspects.

“A thorough inspection report can add thousands of dollars in perceived value,” says XX, a certified heavy equipment appraiser.

Rental yards and equipment dealers can streamline their inspection process using dedicated inspection apps. These apps allow users to conduct detailed, standardized inspections that ensure consistent formatting and professional presentation. Reports generated through such tools are easy to read, accessible, and highly polished, making them perfect for sharing with potential buyers. Rental yards, already accustomed to performing rental inspections, annuals, and tracking all maintenance and repairs, can leverage this data to close sales more effectively. By consolidating their existing records into a professional report, sellers can build trust and showcase the value of their equipment.

Benefits of Providing Inspection Reports

Including an inspection report with your listing offers multiple advantages:

  • Builds Trust – Demonstrates transparency and credibility.
  • Speeds Up Sales – Reduces buyer hesitation and streamlines the decision-making process.
  • Increases Perceived Value – Buyers are willing to pay more for equipment with verified condition reports.

Key Components of a Comprehensive Report

For an inspection report to be effective, it should cover all major systems and components, including:

  • Engine Performance – Assess fluid levels, leaks, and overall operational efficiency.
  • Hydraulic Systems – Check for leaks, pressure consistency, and functionality of attachments.
  • Tires and Undercarriage – Evaluate wear, tread depth, and overall condition.
  • Structural Integrity – Look for cracks, weld quality, and frame condition

How to Obtain a Professional Inspection Report

Sellers can obtain a professional inspection in a few ways:

  • Hire a Certified Inspector – A third-party professional can provide a detailed, unbiased evaluation.
  • Use Online Marketplace Tools – Platforms like FleetNow offer inspection solutions that make it easy to generate a professional-grade report.
  • Leverage In-House Expertise – Rental yards and dealers can create their own reports using specialized inspection software.

Using Reports to Build Buyer Confidence

A well-documented inspection report does more than just inform—it reassures buyers that they are making a sound investment. Transparency about an equipment’s condition minimizes surprises and helps buyers feel more comfortable moving forward with a purchase. Here’s how inspection reports enhance buyer confidence:

Clear Documentation – Detailed insights into the machine’s condition allow buyers to assess whether it meets their needs.
Proof of Maintenance – Records of previous servicing, repairs, and maintenance schedules show that the equipment has been well cared for.
Reduced Risk – Buyers are less likely to fear hidden issues when they have a report verifying the equipment’s condition.
Competitive Advantage – Listings with inspection reports stand out, attracting serious buyers who are ready to make a purchase.

Providing a thorough, professional report not only helps justify your asking price but also fosters a smooth transaction process.

FAQs

How much does an inspection cost?

Costs vary but typically range from $300 to $1,000 depending on equipment size.

Can I do the inspection myself?

While possible, a professional inspection carries more credibility.

A professional inspection report is a game-changer in the used equipment market. By offering detailed insights into a machine’s condition, these reports build buyer confidence, speed up transactions, and even increase the final sale price. Whether you use an inspection app, hire a professional, or generate reports through an online marketplace, taking this extra step can make all the difference in securing a successful sale.

Follow FleetNow for More on Equipment Reviews,
Maintenance, and Equipment Deals

Shopping for a Heavy Equipment?

Tell us what you need, and we’ll do the work for you.

If you need construction equipment, you’re in the right place. Send us details about the job and/or specs on the machine you want, and we’ll find you the best options available.

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How to Price Your Used Construction Equipment to Sell https://buyfleetnow.com/news/how-to-price-your-used-construction-equipment-to-sell/ https://buyfleetnow.com/news/how-to-price-your-used-construction-equipment-to-sell/#respond Tue, 04 Feb 2025 16:25:46 +0000 https://buyfleetnow.com/?p=32446

How to Price Your Used Construction Equipment to Sell

Pricing your used construction equipment effectively is a balancing act. Price too high, and you risk scaring off buyers; price too low, and you leave money on the table. Here’s how to find the sweet spot.

Understanding Market Dynamics

Before setting a price for your used heavy equipment, it’s crucial to assess market demand. Is your equipment type currently in high demand? Consider these factors:

  • Current Market Trends – Research industry reports and online marketplaces to see if your equipment is selling quickly or sitting unsold for long periods.
  • Economic Conditions – Factors like construction growth, infrastructure projects, and interest rates can impact demand and pricing.

“A competitive price reflects both the value of the equipment and the market demand,” says XX, an industry expert.

By staying informed, you can price your equipment strategically and competitively.

Evaluating Equipment Condition

The condition of your equipment plays a major role in its value. Buyers will scrutinize these aspects:

  • Hours of Use – Like mileage on a car, lower hours generally increase value.
  • Maintenance History – Well-maintained equipment with service records often commands a higher price.
  • Existing Damage – Visible wear and tear or functional issues can reduce value, so be transparent in your listing.

Regular upkeep and documented maintenance can justify a higher asking price.

Researching Comparable Listings

Checking similar listings is a great way to gauge a fair market price. Key factors to compare include:

  • Equipment Age – Newer models often fetch higher prices, while older models may need a competitive edge to sell quickly.
  • Features – Equipment with upgraded technology, attachments, or specialized capabilities may have higher demand.
  • Geographic Location – Prices can vary based on regional demand, shipping logistics, and availability.

Studying competitor listings can help you set a realistic and competitive price.

Factoring in Depreciation

Like all assets, heavy equipment depreciates over time. Understanding depreciation rates can prevent you from overpricing or undervaluing your machinery. Research industry-standard depreciation percentages for your specific equipment type and adjust accordingly.

Considering Additional Costs

Pricing isn’t just about the machine itself. Be sure to factor in:

  • Transportation Fees – Will you cover shipping, or will the buyer?
  • Listing Platform Costs – Some online marketplaces charge fees for listings or completed sales.
  • Taxes & Fees – Depending on your location, there may be tax implications for selling used equipment.

Transparency about costs can make your listing more appealing to buyers.

Highlighting Value-Added Features

If your equipment includes premium upgrades or extras, be sure to highlight them in your listing. Features such as:

  • Attachments (buckets, forks, grapples, etc.)
  • Enhanced safety features
  • GPS tracking or telematics technology

These can add significant value and justify a higher price point.

Adjusting for Seasonal Trends

Demand for certain types of equipment fluctuates throughout the year. For example:

  • Snow removal equipment sells better before winter.
  • Excavators and loaders may be in higher demand during peak construction seasons.

Timing your sale strategically can help you maximize value.

Setting a Negotiable Price

Leaving room for negotiation can attract more potential buyers. Consider whether to list your price as:

  • Firm – If you’re confident in your valuation and are not open to offers.
  • Negotiable – If you want to encourage buyer interest and flexibility in closing a deal.

Being upfront about pricing expectations can streamline the selling process.

FAQs

How do I determine if my price is too high?

If your listing hasn’t attracted interest within a few weeks, consider lowering the price or adding incentives, like free delivery or extra attachments.

Should I include shipping cost in the price?

It depends on your strategy. Some sellers factor it into the asking price, while others offer shipping as an additional cost. Clearly state this in your listing.

Pricing used heavy equipment effectively requires a balance of market research, condition assessment, and strategic timing. By following these guidelines, you can set a competitive price that attracts buyers while maximizing your return. Take the time to evaluate all factors, and you’ll increase your chances of a quick and profitable sale.

Follow FleetNow for More on Equipment Reviews,
Maintenance, and Equipment Deals

Shopping for a Heavy Equipment?

Tell us what you need, and we’ll do the work for you.

If you need construction equipment, you’re in the right place. Send us details about the job and/or specs on the machine you want, and we’ll find you the best options available.

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Tell us what you’re looking for:

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Top 10 Tips for Writing an Irresistible Equipment Listing https://buyfleetnow.com/news/top-10-tips-for-writing-an-irresistible-equipment-listing/ https://buyfleetnow.com/news/top-10-tips-for-writing-an-irresistible-equipment-listing/#respond Wed, 29 Jan 2025 16:58:20 +0000 https://buyfleetnow.com/?p=32467

Top 10 Tips for Writing an Irresistible Equipment Listing

When it comes to selling used construction equipment online, your listing is your first and most important impression. A well-crafted listing can mean the difference between a quick sale and a piece of equipment sitting idle. Here’s how to make yours stand out and attract serious buyers.

1. Craft a Clear and Compelling Title

The title is the first thing buyers see, so make it informative and attention-grabbing. Include the equipment’s make, model, year, and standout features. For example:

2020 Caterpillar 320 Hydraulic Excavator – Low Hours, Excellent Condition

Avoid vague titles like “Excavator for Sale”, as they won’t generate as much interest.

2. Write a Detailed and Honest Description

Your description should provide a thorough overview of the equipment. Cover key aspects such as:

  • Condition: Mention wear and tear, recent repairs, or refurbishments.
  • Usage History: Specify hours of use and previous applications (e.g., construction, agriculture).
  • Reason for Selling: Buyers appreciate transparency about why you’re selling the equipment.

3. Include Key Specifications

Buyers want to know the technical details. Include information such as:

  • Make and model
  • Year of manufacture
  • Engine type and power
  • Operating weight and dimensions
  • Fuel type and efficiency

Providing these specs upfront saves time and makes your listing more appealing.

4. Highlight Maintenance and Service Records

Well-maintained equipment is worth more. If you have maintenance logs, service records, or upgrade history, include them in your listing. This reassures buyers that your machine is in good working condition and has been properly cared for.

5. Upload High-Quality Photos

A picture is worth a thousand words—especially in equipment sales. Shoot for approximately 12 high-quality images showing:

  • Different angles (include photos of the equipment from all 4 angles so the buyer can see the entire machine)
  • Close-ups of key components (tires, tracks, bucket, hydraulics, batteries, engine)
  • Any wear and tear (be honest and transparent!)

Avoid blurry or poorly lit photos, as they can make your listing appear unprofessional.

6. Use Video to Showcase Features

Videos provide a dynamic way to showcase your equipment in action. A short 30-60 second clip can highlight:

  • The machine starting up and running
  • Hydraulics and attachments in motion
  • Any standout features, like upgraded controls or additional attachments

Video can increase buyer confidence and set your listing apart from the competition.

7. Price Your Equipment Competitively

Setting the right price is crucial. Research similar listings and consider:

  • Market trends – Is demand high or low for this type of equipment?
  • Equipment condition – Well-maintained machines fetch higher prices.
  • Geographic demand – Prices vary by region.

If you’re open to negotiation, state it clearly (e.g., “Price Negotiable” or “Or Best Offer”).

8. Build Trust with Buyers

Trust is key to a successful sale. Be transparent about your equipment’s condition, history, and pricing. Provide accurate contact information and respond promptly to inquiries.

You can also offer an inspection report to verify the machine’s condition.

Read more about inspection reports in our blog post: The Importance of Inspection Reports

9. Offer an Inspection Report for Extra Credibility

Buyers are more likely to trust a listing with a detailed inspection report. Consider including:

  • Engine performance analysis
  • Hydraulic system check
  • Tires, undercarriage, and structural integrity assessment

Sellers who provide inspection reports often close deals faster and at better prices.

10. Make it Easy for Buyers to Contact You

A great listing won’t help if buyers can’t reach you. Clearly display your contact details and specify:

📞 Preferred method of contact (phone, email, message)
⏰ Best times to reach you
📍 Equipment location (or shipping options if applicable)

Being responsive and professional increases your chances of making a sale.

FAQs

Should I include the equipment’s flaws in the listing?

Yes, honesty builds trust and sets realistic expectations.

How many photos should I include?

At least 6-10 high-quality images covering multiple angles.

Is it necessary to upload video?

While not required, videos can significantly boost buyer confidence and interest.

How can I get more leads on my equipment?

To generate more leads, ensure your listing is well-optimized. Use detailed descriptions, include high-quality photos and videos, and price your equipment competitively. Promoting your listing on platforms like FleetNow and sharing it on social media can also increase visibility.

How can I improve conversions on my equipment listings?

Focus on building trust with potential buyers. Provide an inspection report, highlight maintenance records, and respond quickly to inquiries. Also, make it easy for buyers to contact you by clearly displaying your preferred method of communication and availability.

What should I do if my equipment isn’t selling?

If your listing isn’t getting traction, reassess your pricing, add more details or photos, and consider updating your description to make it more compelling. You can also boost visibility by promoting your listing on additional platforms or featuring it in email blasts.

A well-crafted listing is the key to selling used construction equipment quickly and at the best price. By following these 10 essential tips, you’ll attract more buyers, build trust, and close deals faster.

Take the time to create a high-quality listing, and you’ll see the results in no time!

Follow FleetNow for More on Equipment Reviews,
Maintenance, and Equipment Deals

Shopping for a Heavy Equipment?

Tell us what you need, and we’ll do the work for you.

If you need construction equipment, you’re in the right place. Send us details about the job and/or specs on the machine you want, and we’ll find you the best options available.

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Tell us what you’re looking for:

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How Much Does My Little Salesman Cost? https://buyfleetnow.com/news/how-much-does-my-little-salesman-cost/ https://buyfleetnow.com/news/how-much-does-my-little-salesman-cost/#respond Mon, 16 Sep 2024 09:00:58 +0000 https://buyfleetnow.com/?p=17216

Want to know how much My Little Salesman Costs? Looking to sell your equipment through an online marketplace? Read on to learn about My Little Salesman and online heavy equipment marketplaces.

What is My Little Salesman?

My Little Salesman is an online resource for finding heavy equipment, commercial trucks, trailers, and parts for sale. The service also offers dealer management software to bring all company assets together including inventory, contacts, leads, and more.

My Little Salesman was started as a print product in 1958, and transformed into a digital solution in 1996. What was once a pocket-sized guide that could fit in your hand had evolved into a widely distributed online catalog. The company later developed its cloud-based, all-in-one dealer management system to help dealers increase productivity and efficiency in their businesses.

The Texas-based company’s website receives more than 400,000 visits per month, according to SEMRush.

How does My Little Salesman Compare to FleetNow?

Dealers need to know the major pros and cons when it comes to the application used to find the best equipment for their project.

My Little Salesman and FleetNow both have the goal to help companies promote equipment sales across the internet. They also both offer equipment for rent.

Both resources have standard lead generation and messaging tools and help manage inventory with software that organizes machines for sale.

Where they differ:

My Little Salesman still offers a printed catalog

Alongside the popular online resource is the print publication of My Little Salesman. It focuses heavily on advertisements from dealers. Today, there is an interactive digital version of the printed piece that can be viewed on mobile devices.

FleetNow is a resource management tool

Rental yards and fleet managers can use FleetNow as an inventory management tool. It’s easy to log into your personal account and store photos, centralize and control data on machines, track rentals, calculate utilization, and price machines competitively. Sign up to sell your equipment on FleetNow.

Auction Listings with My Little Salesman

My Little Salesman shares listings with detailed information regarding online and on-site auctions for commercial trucks, trailers, and heavy equipment. Users can view a list of upcoming auctions, or view a comprehensive list of equipment available across all the auctions.

How Much Does My Little Salesman Cost?

When comparing My Little Salesman and FleetNow, both websites have packages in a range of sizes for businesses.

If you only want to list a few things on the My Little Salesman website, each listing will cost about $20 and will last for 30 days. Companies looking for package deals can expect to pay between about $200 to $2,000 depending on the number of unit listings. Yards with fewer than 20 units can get reduced pricing.

My Little Salesman still focuses on boosting print subscriptions as well. Though the digital subscription is free, print subscriptions are priced between $30 to $125 per year, depending on what country you live in.

There are also separate costs for all of their other services including the Dealer Management System, Customer Relationship Management software, dealer website creation, advertising, and Facebook marketing.

Is the Price of My Little Salesman Worth it?

My Little Salesman has a large audience and offers similar tools as FleetNow, but at a larger cost. For local and regional yards, FleetNow can take care of your customized services and offer a free trial.

Smaller yards pay more for basic packages with My Little Salesman. Larger enterprises may find the offerings more appropriate.

We recommend listing your equipment with FleetNow at a fraction of the cost My Little Salesman charges — sell just one piece of equipment every three months and FleetNow pays for itself.

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OHR Rents Partners with FleetNow to Increase Revenue, Case Study https://buyfleetnow.com/news/ohr-rents-partners-with-fleetnow-to-increase-revenue-case-study/ https://buyfleetnow.com/news/ohr-rents-partners-with-fleetnow-to-increase-revenue-case-study/#respond Thu, 08 Jun 2023 16:40:33 +0000 https://buyfleetnow.com/?p=22091

OHR Rents Partners with FleetNow to Increase Revenue, Case Study

Discover how FleetNow helped OHR Rents boost their equipment sales and achieve impressive revenue growth in this case study.

OHR Rents wanted to attract more buyers who were willing to pay retail prices for their equipment. Despite investing significant sums in traditional advertising sites, the company mainly received leads from wholesale buyers. Seeking a more effective solution, OHR Rents partnered with FleetNow, an innovative online platform designed to connect heavy equipment buyers and sellers. By leveraging FleetNow’s targeted audience of qualified buyers, OHR Rents was able to expand its customer base and increase its sales revenue by almost $2.6 million in 2022 from FleetNow leads. Find out how FleetNow’s user-friendly platform helped OHR Rents reach its goals and achieve impressive results.

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INTRODUCTION

OHR Rents is a heavy equipment rental company that has been in business since 2009.

The management team set out to increase sales revenue and provide their sales team with fresh leads.

That’s when they turned to FleetNow, the fastest-growing online marketplace in the industry. By leveraging FleetNow’s platform, OHR Rents was able to increase its sales revenue and connect with new, retail buyers. This case study will highlight how FleetNow helped OHR Rents achieve this remarkable milestone.

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CHALLENGES

OHR Rents was looking to find equipment buyers who would pay retail prices for their equipment due to shortages in the heavy equipment industry. In the past, the company listed on large advertising sites but mostly received leads from wholesale buyers instead of retail buyers. They spent thousands monthly to ensure visibility on the sites.

THE SOLUTION

OHR Rents turned to FleetNow to help achieve their sales revenue goals. FleetNow provided an online platform for the company to sell its heavy equipment, effectively expanding its customer base beyond its traditional local market and advertising sites. FleetNow’s user-friendly platform allowed OHR Rents to easily list its equipment for sale, reaching a targeted audience of qualified buyers.

RESULTS

By working with FleetNow, OHR Rents was able to increase its sales revenue by almost $2.6 million in 2022. The company was able to sell its equipment to a wider audience of retail buyers, which was a significant factor in the increase in sales revenue.

In 2022, OHR saw the following results by selling equipment through FleetNow:

  • An Additional 5 Equipment Sales per Month (AVG)

  • $215,012 per Month in Additional Sales Revenue (AVG)

  • An Additional 45 Leads per Month (AVG)

The 547 leads sent to OHR Rents through FleetNow generated an additional $2.6M in sales revenue for the year.

OVERVIEW

In 2022, FleetNow worked with OHR Rents to conduct a case study to determine how much revenue and many leads were generated as a result of its equipment listings on FleetNow.

THE NUMBERS

In 2022, FleetNow worked with OHR Rents to conduct a case study to determine how much revenue and many leads were generated as a result of its equipment listings on FleetNow.

CLIENT TESTIMONIAL

“Selling equipment through FleetNow has been a great investment for our rental yard. We covered the entire year’s subscription cost with our first sale from a FleetNow buyer. The team at FleetNow has provided expert advice and exceptional service, making them a solid partner in our sales efforts. We highly recommend FleetNow to anyone looking to grow their business and increase sales revenue.”

THE STUDY

FleetNow’s study tracked the monthly leads, sales, and revenue resulting from OHR’s equipment listings on the platform.

Throughout 2022, OHR averaged 5 equipment sales each month totaling 60 sales for the year. These sales generated almost $2.6 million in revenue or an average of $215 thousand per month.

The monthly lead count from FleetNow ranged from 23 to 100 inquiries. OHR’s sales team followed up with each lead and averaged an 11% conversion rate when working to close the sales.

OHR lists over 1000 units on FleetNow, primarily aerial equipment. They were able to keep their listings up to date automatically through an integration with Point of Rental, which helped free up time for their sales team to focus on lead follow up

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Ready to start selling your equipment through FleetNow? Sign up today.

Sign Up to Start Selling on FleetNow for Only $99 / Month

If you have questions, don’t hesitate to contact us. We’re here to help you make informed decisions before buying and selling used construction equipment.

FleetNow Equipment Experts: info@buyfleetnow.com – or – 1.833.476.6835

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Can Advertising with FleetNow Help Me on Taxes? https://buyfleetnow.com/news/advertising-tax-deduction/ https://buyfleetnow.com/news/advertising-tax-deduction/#respond Mon, 13 Mar 2023 15:24:31 +0000 https://buyfleetnow.com/?p=21102

Every year, many new small business owners wonder if they can take an advertising tax deduction to reduce their tax liability. The answer is, yes, you can absolutely save on taxes by advertising with FleetNow. Here’s a closer look at the rules on advertising as a tax deduction, and the services that FleetNow provides that can qualify as deductible marketing expenses for your business.

Is Advertising Deductible? It Depends

Some forms of advertising are definitely tax deductible. These are necessary business expenses used to promote your business, so the IRS lets you deduct them in most cases. There are a few exceptions, which we’ll talk about below.

In general, all of these are considered valid advertising expenses that you can deduct from your business taxes:

  • Online, print, television and radio advertisements for your business
  • Direct mail marketing
  • Expenses on promotional items like cups, pens, hats or shirts
  • Sponsoring a local sports team
  • Email newsletters, SEO (Search Engine Optimization) services, and PPC (Pay-Per-Click) advertising
  • Business cards, brochures, and expenses related to your business website
  • Promotional events for clients or a publicity campaign

When Does Advertising Not Count as Tax Deductible?

There are generally two types of expenses that would make “advertising” not count as tax deductible. These are certain personal expenses, and anything that is political in nature. The personal expenses are fairly straightforward. If an expense benefits you personally, and is outside the normal course of work for your business, then it’s probably not deductible.

Political advertising of any kind is never tax free. For example, you may be considering running ads on a political candidate’s website. That’s not deductible. Some people like to endorse their preferred candidates using signage, their website, or some other form of paid media. Since that is a political expense, and directly benefits a political campaign, it is not tax deductible (even if you are doing it to promote your business).

FleetNow Services for an Advertising Tax Deduction

A number of services that FleetNow provides are considered deductible advertising expenses. You can use these to lower your tax burden to the IRS when filing business taxes. We help to provide a solid “paper trail” for you to use to deduct marketing expenses through FleetNow. Here are some examples of some of the services we provide which can be deducted.

Equipment Sales. Listing your used construction equipment for sale on FleetNow is a deductible advertising expense. We are the premier online service for selling new and used boom lifts, forklifts, skid steers, telehandlers, towable boom lifts, scissor lifts, trailers and trucks. The rate that you pay to list your used equipment with us is considered a deductible advertising expense.

Paid Online Advertising. FleetNow places ads for our clients on Google, Facebook and Bing for our clients. This allows you to reach a broader audience by listing your used equipment with us, and therefore qualifies as a deductible marketing cost.

Search Engine Optimization. We can optimize your listings of used equipment for Search Engine Optimization (SEO), ensuring that more clients are likely to see your machine and respond to it.

Website Redesign. Your website is likely to be your most important front-facing advertising expense. Redesigning and upgrading your webpage with FleetNow is a deductible expense.

Promotional Materials. FleetNow can help create promotional materials for your business, such as shirts, hats, business cards and more. These are deductible!

Tax Deductible Advertising FAQs

How do you write off advertising?

Advertising and marketing expenses are listed on your business tax return as deductible business expenses. There are specific locations and tax forms used for this. The best way to ensure that you are filing your business taxes correctly, along with the proper advertising deductions, is to talk with your professional tax preparer. There are different methods and forms used, depending on whether your business is a sole proprietorship, single-member LLC, a partnership, a multi-member LLC, or a corporation. Your tax preparer will know which IRS forms and schedules to use.

What advertising expenses are not deductible?

Advertising that is used for personal, non-business related or political reasons is not tax-deductible. This includes things like:

  • Political ads
  • Charitable donations
  • Ads for personal hobbies
  • Using a company logo on a personal vehicle

Is advertising tax free? In many cases, yes, it is. If you run a business buying or selling construction equipment, Contact Us at FleetNow to discuss your marketing and advertising needs.

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7 Ways to Increase Construction Equipment Leads https://buyfleetnow.com/news/construction-equipment-leads/ https://buyfleetnow.com/news/construction-equipment-leads/#respond Fri, 18 Sep 2020 09:00:35 +0000 https://buyfleetnow.com/?p=18288

7 Ways to Increase Construction Equipment Leads

Convincing someone shopping for construction equipment to call or email you remains a challenge for every rental yard. But, if done correctly, posting your equipment for sale online is a profitable way to bring revenue into your business.

Selling construction equipment online is not new. But, it still can be confusing. Long gone are the days of placing an add in a print magazine and knowing that your phone would ring with interested buyers.

In this guide, we’ll show you seven ways to increase the number and quality of phone calls and emails that you get for your used construction equipment.

Broadly speaking, there are two types of channels you can use to drive sales leads today. First, there are services that you don’t own – equipment marketplaces like IronPlanet, Machinery Pete, or FleetNow – where you pay a per item or monthly fee to list your machines for sale, and the website does the work to market your equipment. And secondly, there are channels that you own — like your website and email list — where you can take steps to get your equipment in front of buyers.

Let’s take a look at selling heavy construction equipment through marketplaces first.

Get Construction Equipment Leads From Equipment Marketplaces

Selling construction equipment online is easier than ever on digital marketplaces. With listings easily discoverable on Bing Shopping, Craigslist, Facebook Marketplace and popular equipment websites, choosing to go this route is an easy way to get more leads.

Here are our top suggestions for getting the most out of the marketplace you choose.

Use lots of photos

We’re listing this first because it’s the number one thing online construction equipment shoppers ask for — photos. Taking high quality photos can draw buyers in, so take care to make yours the best they can be.

Buyers want to see real photos of the machine you are selling – not stock photos.

Start by taking photos of the four corners of your equipment. Minimally, you should include photos of the front, sides, back, tires or treads, meter, and the machine plate. Clearly showing any damage can actually help convince a potential buyer that you are being truthful with your listing.

The example below takes you completely around a JLG 860SJ, with close ups of the tires, meter and machine plate.

Construction Equipment Leads

Take your photos in natural daylight and use the best camera that you have access to. With the right lighting, 2018 or newer high-end smartphone can help your listing get clicked on.

Video: Your buyers will see and hear the difference

What’s better than photos of your construction equipment? Video!

Prestige Equipment in Colorado uses video in their equipment listings to reassure buyers that their machines work, to show them in motion, and to let them hear how the engine sounds.

No experience with video? Start with one machine and use your phone. Show the machine running, and, if you can, have it move to convince your buyer that the equipment will work for them.

Post on multiple services

It’s not a one-horse race anymore. While sites like Machinery Trader.com have been around for over 20 years, consider placing your machine for sale on more than one equipment sale website.

  • Only have one machine to sell? Sites like equipmenttrader.com let you sell individual machines.
  • Have more than one machine? A site like FleetNow allows you to post unlimited listings for the same price.

You can see the fastest growing construction equipment websites in 2020 here.

Pricing

Finally, our most important piece of advice: Include a price! Units with prices on FleetNow get more leads that listings that don’t. Equipment Trader says listings with prices get 8x the conversion rate that listings without prices get!

Only you know how much that you have into your machine, or how much rental revenue that you’ve generated from it already. Scanning similar machines, checking pricing that other rental yards email out and using a construction equipment price checking tool can help you list your machine at the best price.

FleetNow users have access to an Average Pricing Tool, which can quickly tell you if your machine is priced competitively.

Get Construction Equipment Leads From Your Website

Construction equipment sellers often think of marketplaces when it’s time to sell — but don’t forget about the many ways you can sell equipment on your own.

Google My Business – Now Google Business Profile

Don’t overlook free options to promote your machines online. As most internet browsing occurs on phones, users are looking for quicker ways to find the equipment they want to buy online.

Mobile users are turning to services like Google Business Profile, which was called Google My Business up until recently, to quickly get your store hours, phone number, and address.

Construction Equipment Leads Google My Business Example

You can even move these users closer to buying with your Google Business Profile. Upload photos of the machines that you are selling. Or show buyers what equipment you have. OHR Rents, for example, showcases all of the machines that they rent within their Google Business Profile. You can see them highlighted in the previous image, under “Products.”

Use Google Ads

I’m sure you knew that the first results Google shows you when you search are typically ads, but did you know that Google only charges advertisers when someone clicks on an ad?

Writing a detailed, highly crafted description of your machine and allowing buyers looking for that machine to find you with Google Ads can be a great way to make your phone ring.

As with SEO, there are many services available to you to start selling equipment this way. See below for a checklist to follow if you are a “do it yourselfer” or check out a company that can help you manage your Google Ads.

How to set up Google Ads: A Checklist

Next Steps: Get More Construction Equipment leads

Taking the time to think through your strategy to sell more equipment can be time well spent. If you haven’t, start using more photos in listings, or add your equipment to Google My Business. Picking one of the options above and working to implement it quickly will help you get in front of buyers looking for construction equipment.

If you are interested in selling your machinery, let us know if you want help with your website or if you want to list on our online marketplace.

Have a question? IronTek will help you determine the best way to sell your equipment to meet your specific needs. Contact us today!

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