on January 2014
At least $100 Billion is spent on used manufacturing equipment each year through offline channels.
We charge buyers a 5%-10% transaction fee after a successful transaction. To provide a comparison, brokers charge ~25%.
We met while working for one of the largest brokers in the industry. We were blown away by how inefficiently the industry operated, relying on salespeople cold calling 14 hours a day.
Not scaling quickly enough. This is a massive opportunity in a winner-take-all market. While we don't have any direct competitors now, we know it's only a matter of time.
We have the combination of domain expertise and tech experience necessary to build this marketplace. As a group, we sold $15 Million worth of equipment our first year out of college. We understand the equipment, the enterprise customers and their internal processes.
We acquire buyers via organic SEO and we've developed two creative methods to collect the supply. Please contact us to learn more.
Essentially, we are leveraging technology instead of salespeople, which allows our company to scale with much higher margins, bring clarity to a fragmented market, and provide a simple platform that our clients enjoy using.
eBay Business and Industrial and other equipment marketplaces have failed because they assumed that sellers would post equipment on their own. This consumer-centric approach does not work.
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